Income tax day is celebrated on 24 July 2024.

Important Days

Income Tax Day was celebrated on 24th July 2024. This day commemorates the introduction of income tax in India in 1860 by Sir James Wilson to compensate for the losses incurred during the First War of Independence in 1857. The Income Tax Department used this occasion to highlight the importance of paying taxes and acknowledged the contribution of taxpayers to nation-building. Various events, seminars, and workshops were organized across the country to educate and engage taxpayers, promoting a culture of compliance and transparency in tax administration.


      Income Tax Day also emphasizes the historical significance of tax reforms introduced during India's colonial period.

      The day fosters public awareness about the role of taxes in funding government services and infrastructure.

     

 

     


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