The Income Tax Department has issued tax refunds worth Rs 1.93 lakh crore to 2.26 crore taxpayers till March 20 in the current financial year (2021-22). According to the department, of these, 1.85 crore refunds worth Rs 38,447.27 crore are for assessment year 2021-22 (the fiscal year ending March, 2022).
The Income Tax Department wrote in a tweet on Thursday, “The Central Board of Direct Taxes (CBDT) has issued refunds of Rs 1,93,720 crore to 2.26 crore taxpayers during April 1, 2021 to March 20, 2022.” This includes personal income tax refund of Rs. and corporate tax refund of Rs. 1,22,744 crore.
Also read: Complete this work by March 31, if the opportunity is lost, then there will be a huge loss!
Check status like this
Step 1- Login to the Income Tax Portal using User ID Password.
Step 2- Go to My Account and click on ‘Refund/Demand Status’.
Step 3- All the information will come in front of you. If the refund has not been done, then you can check the status immediately by going to ‘Reason’.