Income Tax Day 2026 marked how many years since the introduction of income tax in India?

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The correct answer is Option D: 167 years. Income Tax Day 2026 was observed on 24 July 2026, commemorating 167 years of income tax administration in India. Income tax was first introduced in India on 24 July 1860 by Sir James Wilson, the first Finance Member of British India. The Central Board of Direct Taxes (CBDT) initiated the official observance of Income Tax Day in 2010 to mark 150 years of income tax administration. The Income-tax Act, 1961 came into force on 1 April 1962 and remains the principal legislation governing direct taxation in India. The Income Tax Act, 1922 established the first systematic framework for income tax administration in India. India's tax administration has been modernised through digital initiatives such as online income tax return filing, faceless assessment, e-verification, pre-filled returns and online refund tracking. Income Tax Day promotes voluntary tax compliance, recognises honest taxpayers and creates awareness about taxpayers' rights and responsibilities. The proposed new Income Tax Bill seeks to simplify the language and structure of direct tax laws without altering the existing taxation framework.

TodaySprint · Answer

152 years

TodaySprint · Answer

149 years

TodaySprint · Answer

165 years

TodaySprint · Answer

170 years

Income Tax Day 2026 marked how many years since the introduction of income tax in India?

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Income Tax Day 2026 marked how many years since the introduction of income tax in India?

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