Mumbai, Feb. 16 -- The Life Insurance Corporation of India (LIC) on Friday said that it had received a tax refund amounting to Rs 21,740.77 crore from the Income Tax Department for the assessment years spanning from 2013 to 2020.

In a regulatory filing, LIC said: Life Insurance Corporation of India had received refund orders for Assessment Years 2012-13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19, and 2019-20. The total amount of refund was Rs 25,464.46 crore.

Of the total tax refund amount, the Income Tax Department has currently released Rs 21,740.77 crore, with efforts underway to obtain the remaining balance. LIC chairman Siddhartha Mohanty had earlier said that the company was expecting this refund.

Last month, the Income Tax App...