The Society may perhaps be the oldest ever society formed during pre-independence period. It was formed on 16.2.1926. It has been funcitoning successfully for the past about 86 years. It has a membership of about 2400 employees of the Income Tax Department. The net profit during the past five years ranges from Rs.40 to 150 lakhs. The net profit for the Financial Year 2012-13 is over one Crore.