The Income Tax department observes July 24 every year as Income Tax Day or ‘Aaykar Diwas’, to commemorate the introduction of provision of income tax in the country. On the same day in the year 1860, Income tax was originally introduced in India by Sir James Wilson, to compensate for the losses incurred during the first war of independence.
On Income Tax Day, the CBDT organizes various events and activities to raise awareness about income tax and its importance. These events include seminars, workshops, and outreach programs. The CBDT also releases a commemorative postage stamp on Income Tax Day. Income Tax Day is an important day for the Indian government and for taxpayers. It is a day to celebrate the importance of income tax and to reaffirm our commitment to paying our taxes honestly and on time.
Issue Date : 24-01-2016
