Kolkata; July 24, 2025

165^th Income Tax Day was celebrated by Income Tax Department, West Bengal and Sikkim today. Shri Krishna Mohan Dixit, Principal Chief Commissioner, Income Tax, WB & Sikkim; Shri Prawin Kumar, Principal Chief Commissioner (Odisha), in charge of DGIT, (Investigation), West Bengal, Sikkim and North East Region; Shri Shrawan Kumar, Chief Commissioner, CGST and CX, Kolkata Zone along with other senior officials of IT were also present.

Speaking on the occasion, Shri Krishna Mohan Dixit narrated how the IT Department has transformed over the time and has marked significant milestone in India’s fiscal history. This day commemorates the introduction of income tax in India by Sir James Wilson in 1860. While this initial implementation laid the groundwork, it was the comprehensive Income-tax Act of 1922 that truly established a structured tax system in the country. This Act not only formalized various income tax authorities but also laid the foundation for a systematic administration framework, he mentioned.

Shri Dixit said that income tax plays a crucial role in nation-building by supporting the fundamental functions of an effective state. It provides the necessary revenue to ensure security, funding essential services like healthcare, education, and infrastructure. These services are vital for the well-being of citizens and the overall development of society. Additionally, the revenue from income tax facilitates economic development by enabling investments in various sectors, promoting growth and creating job opportunities. Thus, income tax is not only vital for revenue generation but also for creating effective, self-sustaining states capable of meeting their citizens' needs and promoting overall societal welfare. The importance of income tax extends beyond mere financial considerations, contributing significantly to the building of a stable, equitable, and prosperous society, he added.

Shri Prawin Kumar and Shri Shrawan Kumar said that the Central Government has undertaken several steps to boost tax collection and expand the tax base by curbing tax evasion, widening/deepening the tax base, promoting voluntary compliance through the use of technology, and promoting digital transactions. Some of the steps taken by the Government such as Simplification of the Personal Income Tax; New Form 26AS; Pre-filling of Income Tax Returns (ITR); Updated Return; E-Verification Scheme; Setting Up of Dispute Resolution Committee (DRC) and Expansion of Scope of TDS/TCS.

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