Income Tax department processes 10.2 lakh refunds totalling Rs 4,250 crore in a week

The Central Board of Direct Taxes (CBDT) has issued 10.2 lakh refunds totalling around Rs. 4,250 crore in a week's time. These refunds have been disbursed as on April 14, 2020.

These refunds are over and above the 2.50 crore refunds totalling Rs 1.84 lakh crore that have been issued for FY20 till March 31.

Around 1.75 lakh more refunds are expected to be issued this week.


These refunds are in pursuance to a Ministry of Finance order dated April 8 to issue pending refunds up to Rs 5 lakhs as a Covid relief measure.

The CBDT has also urged those who have received emails from the department seeking reconciliation with outstanding tax demand to respond to these mails for faster processing of refunds.