Income tax refunds worth ₹1.62 lakh crore issued so far in FY22

Income Tax department said on Thursday that it has issued refunds worth ₹1.62 lakh crore to 1.79 crore taxpayers so far in FY22. This includes 1.41 crore refunds for FY21. Personal Income Tax refunds of ₹57,754 crore have been issued to over 1.77 crore entities and corporate tax refunds of ₹1.04 lakh crore have been issued in 2.23 lakh cases.