<Tr> <Th> Spouse (s) </Th> <Td> Elizabeth Preston </Td> </Tr> <Tr> <Th> Alma mater </Th> <Td> None </Td> </Tr> <P> James Wilson (3 June 1805--11 August 1860) was a Scottish businessman, economist, and Liberal politician who founded The Economist weekly and the Chartered Bank of India, Australia and China, which merged with Standard Bank in 1969 to form Standard Chartered . </P> <P> Wilson was born in Hawick in the Borders . His wealthy father William Wilson owned a textile mill, and his ancestors were local sheep farmers . He was the fourth of 15 children, of whom 10 reached adulthood . His mother died when James was young . </P>

Who start the income tax in india in 1860