The income tax is the direct tax that a government levies on the income earned by its citizens. Income does not only mean money earned from salary, It includes income from house property, profits from business, bonus, capital gain income & income from other source. The first Income Tax Act was introduced in 1860, In India. 24th July, 2021 is celebrated as Income Tax Day or Aayakar Divas every year. In day to days life every one of us desire of best facilities, modern infrastructures and prosperity.