Tax Day 2025 News Today. Income tax day 2025 is celebrated every july 24 to mark the introduction of income tax in india by sir james wilson in 1860. Over 5 crore itrs filed by july 26.

Finance ministry has announced the release of an additional installment of tax devolution to states for june 2025, in a move to support state finances and spur economic development. New tax regime made more attractive for small taxpayers with revised tax slabs, higher standard deduction | no changes in old.