This day is to mark the introduction of income tax in India by Sir James Wilson in 1860.
It celebrates the historical evolution of India’s tax system and the establishment of the Income-tax Act of 1922.
The day recognises the very key milestones like the creation of the Central Board of Revenue in 1924 and the tech upgrades like the Central Processing Centre (CPC) Bengaluru in 2009.
It aims to highlight the importance of a transparent, efficient, and citizen-centric tax administration in the country.