Current Affairs - Important Days - Discussion

National Income Tax Day in India is a notable occasion in the country's fiscal calendar. It highlights the importance of income tax as a key revenue source for the government. This day, observed on July 24, commemorates the introduction and significance of income tax, which plays a vital role in funding public services and infrastructure. The selection of this specific date marks an acknowledgement of income tax's role in shaping India's economic policies and governance. Observing this day underscores the ongoing efforts to enhance tax compliance and awareness among citizens.