Which British officer introduced Income Tax in India first time in 1860?

Question

The USA established marginal income tax rates of 77% in 1916 to fund the war effort in World War I. What were they reduced to by 1929, shortly before the Wall Street crash?

Answer 1

James Wilson
Income-Tax in modern India dates back to 1860 when the first Income Tax Act was introduced by James Wilson who became (British) India's first finance member.

This Act lapsed in 1865. Thereafter Act-II of 1886 was the next landmark. The Indian Income Tax Act, 1922 came into being following the recommendations of the All India Income Tax Committee. The Act of 1922 remained in force till 1961.