Over 1 crore taxpayers have received refunds from the Income Tax Department

Taxpayers can also check the status of their return 10 days after the Assessing Officer has sent it to the Refund Banker. This includes 67.99 lakh refunds of Rs 13,140.94 crore for the assessment year (AY) 2021-22, according to Income Tax India.

Over 1.02 lakh taxpayers have received refunds of over Rs 1,19,093 crore from the Central Board of Direct Taxes (CBDT). The reimbursements will be issued from April 1, 2021 to November 15, 2021, according to the IRS. Refunds totaling Rs 38,034 crore have been issued in 1,00,42,619 cases, with corporate tax refunds of Rs 81,059 crore issued in 1,80,407 cases, according to the Income Tax Department. Also see: Income Tax Alert: Before Filing an ITR, Taxpayers Should Check This Important Document

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This includes 67.99 lakh refunds of Rs 13,140.94 crore for the assessment year (AY) 2021-22, according to Income Tax India. Also Read – Will You Attend the 2021 International Trade Fair? You Can Now Take Advantage of Income Tax Savings

RTGS / NECS and Paper cheques are the two methods for receiving income tax refunds. Taxpayers can also check the status of their return 10 days after the Assessing Officer has sent it to the Refund Banker. Also read: Income Tax Return: Rs 36,000 Crore ITR Refund Issued. How to Check the Status of a Project

Have you forgotten to double-check your tax return? Carry it out

By entering the ‘PAN’ and ‘Assessment Year’ at www.tin-nsdl.com, the status of a ‘paid’ refund that was not paid through ‘Refund Banker’ may also be viewed.

Go to https://tin.tin.nsdl.com/oltas/refund-status-pan.html for further information. You must enter information such as your Permanent Account Number (PAN) and Assessment Year once you get to the website.

The ‘Refund Paid’ status is also indicated on Form 26AS’s ‘Tax Credit Statements.’