Income Tax refunds worth Rs 4,250 crore issued in a week: CBDT2Photo© hindustantimes.com

Income Tax refunds worth Rs 4,250 crore issued in a week: CBDT

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The Central Board of Direct Taxes (CBDT) on Wednesday said that it has issued income tax refunds to over 10.2 lakh people totalling to around Rs 4,250 crore.

Earlier on April 8, the government had announced that the pending income tax refunds up to Rs 5 lakh will be cleared with an immediate effect to help taxpayers battle the Covid-19 pandemic.

According to the statement issued by the CBDT, these refunds are over and above the 2.50 crore refunds already issued in FY 19-20 till March 31, 2020 totalling to Rs 1.84 lakh crore.