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Income Tax Day 2023 - July 24
July 25 , 2023
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- This year Income Tax Day or Aaykar Diwas to commemorate 164 years of this tax in India.
- Sir James Wilson implemented Income Tax in India on July 24, 1860.
- The scheme was introduced to recompense the British regime for losses sustained during the Revolt of 1857.
- The Income-tax Act of 1922 introduced a distinct nomenclature for the several Income-tax administrations.
- In 2010, the Finance Ministry declared July 24 as Income Tax Day to commemorate the establishment of this levy.
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