July 24, 2025 2:02 PM
India Celebrates Income Tax Day 2025: A tribute to digital transformation and taxpayer empowerment
India today commemorates Income Tax Day, marking the 166th anniversary of the introduction of income tax in the country. Celebrated every year on July 24, the day acknowledges the evolution of India’s tax system and its pivotal role in nation-building. Income tax was first introduced in India on this day in 1860 by British economist Sir James Wilson to counter the financial strain caused by the First War of Independence in 1857. The framework laid then eventually culminated in the Income Tax ...