In every year, the month of April comes and makes your income a fool with tax burden. Its a fact nobody wants to pay even if the reason is for the greater interest of the community. Have you ever thought how this barrier on income came into force? Income Tax came into existence in 1860 with the implementation of first Income Tax Act under the colonial rule. More or less, the rules of this act remained unaffected till the the sixties of the last century. After Independence, several acts were proposed and implemented.

The most important post independence act is the Income Tax Act, 1961 which for the first time introduced the concept of taxable income and exemption limit. This act clearly stated that any person whose salary from any source of income is more than the maximum limit of unchangeable amount is liable to pay Income Tax to the Government of India. The concept of deduction and exemptions in Income Tax, depending upon the type of assets, source of income, residential status and investment in saving schemes were also made clear.

The laws of income tax changed with the changes in the central politics as the levy and reduction power are the sole prerogatives of the Central Government. It is quite natural to feel sorry when a significant amount is withdrawn from your income as tax. But income tax is never a curse. You pay income tax for the welfare of the country. As we are utilising country's resources like road,rail,water it is our moral and social responsibility to pay income tax for the overall welfare of the society. Apart from this, the people in Military and Police draw their salary only from the money which we pay for the country as the tax on income. If a developed India is your dream, as a responsible citizen pay Income tax regularly. Apart from it, several tools are also available like investment in mutual fund, national saving certificates, home loans etc. with which you can avail tax benefits too.