New Delhi, Jan 27 (PTI) - The Income Tax department on Thursday said it has issued refunds worth ₹ 1.62 lakh crore to more than 1.79 crore taxpayers so far this fiscal.

This includes 1.41 crore refunds for 2020-21 fiscal amounting to ₹ 27,111.40 crore.

"CBDT issues refunds of over ₹ 1,62,448 crore to more than 1.79 crore taxpayers from 1st  Apr, 2021 to 24th Jan, 2022," the Income Tax department tweeted.

This includes personal Income Tax refunds of ₹ 57,754 crore issued to over 1.77 crore entities and corporate tax refunds of ₹ 1.04 lakh crore have been issued in 2.23 lakh cases.

Income tax refunds issued to taxpayers, including personal and corporate refunds, under the department's disbursal program. The Income Tax Department announced administrative disbursal of income tax refunds to eligible taxpayers during the fiscal period, comprising both personal and corporate tax refunds. The departmental statement quantifies refund cases and distinguishes refunds by taxpayer category, describing broad issuance to individual taxpayers alongside corporate refund transactions and reflecting execution of statutory refund mechanisms and refund-processing operations.