The Income Tax department said that it has issued refunds worth over ? 1.29 lakh crore to over 39.49 lakh taxpayers till this fiscal.

This includes personal income tax (PIT) refunds amounting to ? 34,820 crores issued to 31.75 lakh taxpayers, and corporate tax refunds amounting to ? 94,370 crores during this period. According to the Central Board of Direct Taxes (CBDT), they have issued refunds of over ? 1,29,190 crore to more than 39.49 lakh taxpayers between 1st April 2020 to 3rd November 2020. Income tax refunds of ? 348,820 crore have been issued in 37,55,428 cases & corporate tax refunds of ? 94,370 crore have been issued in 1,93,059 cases.

The government has emphasized providing tax-related services to the taxpayers without any hassles during the COVID-19 pandemic and has been clearing up pending tax refunds.