Celebrated every year on July 24 as the National Income Tax Day, or Aaykar Divas, to marking the historical development of tax administration in the country

• This day commemorates the historical evolution of tax administration in India and the ongoing reforms that aim to enhance tax compliance and simplify the process for taxpayers.
• Income tax was first levied as a duty in India in 1860.
• Celebrated for the first time in 2010 marking 150 years of the introduction of Income tax in India.
• This year marks the 165th occasion of National Income Tax Day.
• Income tax is a tax levied by the government on the income earned by individuals and businesses throughout the fiscal year.