Earnings Tax Refunds Price Rs 1.29 Lakh Crore Issued to 39.49 Lakh Taxpayers

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The Earnings Tax division has issued refunds price over Rs 1.29 lakh crore to greater than 39 lakh taxpayers thus far this fiscal. This contains Private Earnings Tax (PIT) refunds amounting to Rs 34,820 crore and company tax refunds aggregating to Rs 94,370 crore throughout this era.

“CBDT points refunds of over Rs 1,29,190 crore to greater than 39.49 lakh taxpayers between 1st April, 2020 to third November, 2020. Earnings tax refunds of Rs 34,820 crore have been issued in 37,55,428 instances & company tax refunds of Rs 94,370 crore have been issued in 1,93,059 instances, Earnings Tax division stated in a tweet.