Updated on Dec 29, 2022 05:52 IST
Jasmine Dang Arora

Jasmine Dang AroraDeputy Manager-Content

Diploma in Taxation is a one-year programme in Accounting and Commerce, which imparts theoretical and practical knowledge of Direct & Indirect Taxes, Financial Accounting and Auditing. This programme is a career-oriented course offered in both full-time mode and correspondence mode. The course is available at various government universities and private institutions under the Commerce Faculty. The fee range of this course is INR 5000 to INR 2 lakh. 

A diploma in Taxation is mainly suitable for Income Tax officials, Consultants, Advisors, Chartered Accountants and Company Secretaries. This programme is also beneficial for candidates who plan to take up teaching as a career at the university level (lecturership) or are already certified teachers of Accounting & Commerce subjects.

Your knowledge of taxation and the laws pertaining to it will be expanded as a result of taking the Diploma in Taxation Law course. This course assists you in becoming qualified to present fiscal policies, give advice, and file different tax returns.

This course enhances the technical knowledge of the aspirants related to taxation and enables them to file taxes and work in a more professional way. It also enhances their career growth and brightens their chance of grabbing a government job. 

Diploma in Taxation Eligibility

  • The eligibility criteria for Diploma in Taxation are Graduation in Commerce or Law from a recognised university.

  • Many universities also accept candidates having a Graduation degree in Art/Science streams with one-year practical experience in Taxation or related fields, or

  • Candidates having a diploma of three years duration with two years practical experience in Taxation or related fields.

  • Candidates must have completed their class 12th exams with an aggregate of 60 per cent marks.

Diploma in Taxation Entrance Exams 

Some of the common entrance tests, which students need to take up to get admission to Diploma in Taxation courses are:

  • Common Law Admission Test (CLAT)
  • All India Law Entrance Test (AILET)
  • Law School Admission Test (LSAT)
  • Telangana State Law Common Entrance Test
  • All India Bar Examination

Diploma in Taxation Required Skillset

The skills required to pursue Diploma in Taxation course are:

Required Skillset for Taxation Course

Accounting skills

Good Numerical skills

Ability to learn Ability to Improve

Time Management

Client Administration

Annalytical Thinking

Problem Solving
Awareness on Laws Quick learner
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Popular Diploma in Taxation Colleges in India

The duration of Diploma in Taxation is one year. Check the list of colleges offering a Diploma in Taxation.

College

Course name

Parul University

Post Graduate Diploma in Taxation and Practice

Directorate of Distance Education

Post Graduate Diploma in Taxation ((PGDT)

UniPune (Pune University)

P.G. Diploma in Taxation

University College of Commerce and Business Management, Osmania University

Post Graduate Diploma in Taxation

Indira College of Commerce and Science

PG Diploma in Taxation

Diploma in Taxation Syllabus

The Diploma in Taxation programme is divided into two semesters having six papers each. Given below is the list of semester-wise courses and topics.

Semester I  (Papers)

Unit

Income Tax Paper I

Definition of Income Tax, Residential Status & Tax Liability, Exempted Income u/s. 10 and permissible deduction from Gross Total Income, Heads of income

Income Tax Paper II

Advance Tax - Assessment procedure and provisions, Return of Income, Provisions under TDS and TCS, Computation of Income, Determination of Tax Liability relating to AOP and HUF

Indirect Taxes I

Central Sales Tax Act 1956, Customs Laws, Value Added Tax 2002

Financial Accounting & Analysis I

Financial Accounting, Financial Statements, Accounts Maintenance as per Companies Act and IT Act, Financial Decisions

Organization & Management

Concept of Organisation, Centralisation, Decentralisation and Departmentation,

Organisation Behaviour, Concept of Management, Planning and Decision Making

Computer Applications & Introduction To Tally

Introduction to Computers, Systems Concept, EDP, MIS, Internet, Introduction Tally, Computerized Reports

 

Semester II  (Papers)

Unit

Income Tax Paper I

Heads of Income, Gross Total Income Deductions, Set Off & Carry Forward of Losses,

Computation of Total Income and Determination of Tax Liability

Income Tax Paper II

Interests Payable and Receivable Under Income Tax Act, Penalties & Prosecution, Computation of Total Income and Determination of Tax Liability, Tax Audit and Agricultural income under IT Act

Indirect Taxes II

Central Excise, Service Tax

Financial Accounting & Analysis II

Techniques of Financial Statement Analysis, Analysis of Financial Statement, Accounting Standards, Inflation Accounting

Communication Skills

Introduction – Concept, Importance and Types of Communication, Oral Communication, Written Communication, Report Writing – Types and Structure

Principles of Auditing

Internal Control – Evaluation, Measures & Techniques,

Internal Audit & External Audit,

Qualifications in Audit Report - Nature, Significance, Methods of Drafting  

Provisions under Companies Act 1956 and Income Tax Act 1961 regarding the

 Statutory, Compulsory and Internal Audit.

Diploma in Taxation Job Profiles

Diploma in Taxation is essentially a career-enhancing course, thus one can find many career opportunities at the senior level or specialist level within law, banking, accounting, and commerce domains.The aspirants of taxation courses can work at the below-mentioned job positions after completing the course: 

Job Profile

Job Description

Tax Consultant

Tax consultant helps people or organisations in paying taxes.

Tax Policy Analyst

As a tax policy analyst one researches and develops taxation policies in order to develop. Tax Policy Analyst advice the official bodies on implementation of the policy

Tax Collector

They act as an agent for local government or state for the collection of the revenues and public funding.

Tax Auditor

They analyse the financial data and correct the number of applicable deductions, taxable income, and nontaxable expenses. 

Revenue Agents

They ensure that the government  get their tax money from citizens or businesses

Tax Accountant

A tax accountant assists companies and clients with their income tax and financial statements.

Accounting Manager

Manage and oversees the daily operations of the accounting department

Diploma in Taxation Top Recruiting Companies

The companies that top the list of top recruiters for taxation students are:

Top Recruiters for Taxation Courses

Accenture

Amazon

Deloitte

Bosch Ltd

Ernst & Young

Feedback Infra Pvt

Axis Bank

Verizon

PWC

Bata India

Decathlon

Wipro

Nestle

Parle Agro

Frequently Asked Questions (FAQs) about Diploma in Taxation Course

Q. What is Diploma in Taxation course?

A. Diploma in Taxation is a one-year program that provides knowledge of direct and indirect taxes to the aspirants of this course. Students of especially commerce background take up this course to enhance their awareness about the calculation of taxes and laws relating to it.

Q. What are the eligibility criteria for Diploma in Taxation?

A. Students who have completed 10+2 with an aggregate of 60 per cent marks are eligible to apply for this course. Students of commerce background are given preference, but there are many universities that accept candidature of students in Art/Science streams with one-year practical experience in Taxation or related fields. 

Q. What are the skills required to pursue Taxation course?

A. The skill needed to pursue Taxation courses are:  
  • Good Numerical Skills
  • Good listener
  • Quick learner
  • Analytical Thinking

Q. What are the popular colleges to pursue Diploma in Taxation courses?

A. The name of a few renowned colleges to pursue Diploma in Taxation courses are Parul University, Directorate of Distance Education, Pune University, Osmania University and Indira College of Commerce and Science.

Q. What are the name of diploma courses in Taxation?

A. Some of the common diploma courses in Taxation are Post Graduate Diploma in Taxation and Practice, Post Graduate Diploma in Taxation ((PGDT), Post Graduate Diploma in Taxation, and Post Graduate Diploma in Taxation

Q. What are the popular entrance exams for Diploma in Taxation courses?

A. The popular entrance exams for admission to Diploma in Taxation courses are:
  • Common Law Admission Test (CLAT)
  • All India Law Entrance Test (AILET)
  • Law School Admission Test (LSAT)
  • Telangana State Law Common Entrance Test
  • All India Bar Examination

Q. What are the main subjects taught in Diploma in Taxation courses?

A. The main subjects included in Taxation syllabus are:
  • Income Tax
  • Indirect Tax
  • Financial Accounting
  • Auditing
  • Micro Economics
  • Cost Accounting
 

Q. What are the job profiles which students can take up after taxation course?

A. The job profiles at which taxation students can work are Tax Consultant, Tax Policy Analyst, Tax Collector, Tax Auditor, Revenue Agents, Tax Accountant and Accounting Manager. 

Q. Which are the top recruiting companies for taxation students?

A. The taxation students can find work in renowned companies like Accenture, Amazon, Bosch Ltd, Axis Bank, Wipro and Nestle.

Q. What is the average salary in taxation?

A. The taxation students can find a salary between INR 5 to INR 20 lakhs depending upon their experience and job profile.

Q. What is the scope for taxation students?

A. The scope of Taxation law is very bright. There are a large number of job opportunities and every person is connected with taxation law in one or the other way. 

Popular Diploma in Taxation Colleges in India

Following are the most popular Diploma in Taxation Colleges in India. Learn more about these Diploma in Taxation colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
4 LPA
1 Course
20 K
12.4 K
5.28 K - 42.83 K
1.22 LPA

Popular Private Diploma in Taxation Colleges in India

4 LPA
1 Course
20 K
12.4 K
5.28 K - 42.83 K
1.22 LPA

Most Popular Courses

Following are the most popular Diploma in Taxation courses, based on alumni reviews. Explore these reviews to choose the best course in Diploma in Taxation.

Popular Diploma in Taxation UG Courses in India

Following are the most popular Diploma in Taxation UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Diploma in Taxation PG Courses in India

Following are the most popular Diploma in Taxation PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Popular Diploma in Taxation Specializations in India

Following are the most popular Diploma in Taxation Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Comments

A

Which are the colleges for LLB in taxation?

J

Jyotika Agarwal

Beginner-Level 5

3 weeks ago

There are many top colleges that offer LL.B. Taxation like NLSIU Bangalore, NLU Delhi, Hyderabad and Chandigarh University.

d

What would be the expected salary of an income tax inspector after their seventh pay commission?

j

jasveer singh

Contributor-Level 9

2 months ago

The Income Tax Inspector post is at pay level 7, according to the seventh pay commission. The expected salary of an IT inspector is as follows:1. The pay scale is Rs. 44900 to Rs. 142400 as per commission. 2. An income tax inspector's grade pay is Rs. 4600. 3. The basic pay is around Rs. 44900 up...The Income Tax Inspector post is at pay level 7, according to the seventh pay commission. The expected salary of an IT inspector is as follows:
1. The pay scale is Rs. 44900 to Rs. 142400 as per commission.
2. An income tax inspector's grade pay is Rs. 4600.
3. The basic pay is around Rs. 44900 upon joining
4. The Income Tax Inspectors are entitled to additional allowances as well, such as the TA of Rs. 3600
5. Income Tax Inspectors may expect a monthly salary of Rs. 46657 to Rs. 53328, depending on their posting. To get this post, you will have to appear in the SSC CGL exam.

48233945
Deeksha Dixit

Contributor-Level 10

2 months ago

The Income Tax Inspector post is at pay level 7, according to the seventh pay commission. The expected salary of an IT inspector is as follows:1. The pay scale is Rs. 44900 to Rs. 142400 as per commission. 2. An income tax inspector's grade pay is Rs. 4600. 3. The basic pay is around Rs. 44900 up...The Income Tax Inspector post is at pay level 7, according to the seventh pay commission. The expected salary of an IT inspector is as follows:
1. The pay scale is Rs. 44900 to Rs. 142400 as per commission.
2. An income tax inspector's grade pay is Rs. 4600.
3. The basic pay is around Rs. 44900 upon joining
4. The Income Tax Inspectors are entitled to additional allowances as well, such as the TA of Rs. 3600
5. Income Tax Inspectors may expect a monthly salary of Rs. 46657 to Rs. 53328, depending on their posting. To get this post, you will have to appear in the SSC CGL exam. You might get more information about this exam at this link: https://www.shiksha.com/exams/ssc-cgl-exam.

N

How can I get direct admission in Mahatma Gandhi Law College, Hyderabad for BA LLB?

48442535
Dinesh upadhyay

Guide-Level 14

2 months ago

There are many colleges giving admission on basis of marks or direct admission. Also some colleges give admission on basis of their own entrnace exams like Amity.

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