Income Tax Day 2024 India. Expected to raise just under ยฃ170bn in 2024/25, which is around a sixth of all tax revenue. The 164th anniversary of income tax day was observed by central board of direct taxes (cbdt) and all its field offices across india today.
Highlights include revised tax slabs, increased deductions, and simplified taxation. As india observes income tax day 2024 on july 24, commemorating the introduction of income tax by sir james wilson in 1860, this year’s celebrations are highlighted by significant.
