Income Tax Department refunds Rs 62,361 crore to over 20 lakh taxpayers during Covid days
The Income Tax Department has issued tax refunds at a speed of 76 cases per minute from 8th April to 30th June, 2020. During this period of just 56 weekdays, CBDT has issued refunds in more than 20.44 lakh cases amounting to more than Rs. 62,361 crore. Refunds of this magnitude and numbers have been issued completely electronically and have been directly deposited into the bank accountsof the taxpayers.