Diploma in Taxation
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
- Diploma in Taxation Entrance Exams
- Diploma in Taxation Required Skillset
- Popular Diploma in Taxation Colleges in India
- Diploma in Taxation Syllabus
- Diploma in Taxation Job Profiles
- Diploma in Taxation Top Recruiting Companies
- Frequently Asked Questions (FAQs) about Diploma in Taxation Course
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 |
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 |
|---|---|
| Post Graduate Diploma in Taxation and Practice |
|
| Post Graduate Diploma in Taxation ((PGDT) |
|
| P.G. Diploma in Taxation |
|
| University College of Commerce and Business Management, Osmania University |
Post Graduate Diploma in Taxation |
| 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?
Q. What are the eligibility criteria for Diploma in Taxation?
Q. What are the skills required to pursue Taxation course?
- Good Numerical Skills
- Good listener
- Quick learner
- Analytical Thinking
Q. What are the popular colleges to pursue Diploma in Taxation courses?
Q. What are the name of diploma courses in Taxation?
Q. What are the popular entrance exams for Diploma in Taxation courses?
- 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?
- 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?
Q. Which are the top recruiting companies for taxation students?
Q. What is the average salary in taxation?
Q. What is the scope for taxation students?
Popular Diploma in Taxation Colleges in India
Popular Private Diploma in Taxation Colleges in India
Most Popular Courses
Popular Diploma in Taxation UG Courses in India
UG Courses
- UG Diploma
35 Colleges
Popular Diploma in Taxation PG Courses in India
PG Courses
- PG Diploma
27 Colleges
- MBA/PGDM
4 Colleges
Popular Diploma in Taxation Specializations in India
Popular Specializations
- Corporate Banking
2 Colleges
- Finance
2 Colleges
- Income Tax
2 Colleges
- Indirect Taxation
2 Colleges
- Tax Law
2 Colleges
- Direct Taxation
1 College
- Financial Planning & Analysis
1 College
- Forex Management
1 College
- International Banking
1 College
- Investment Banking
1 College
News & Updates
Comments
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?
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.
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?
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.
Taking an Exam? Selecting a College?
Find insights & recommendations on colleges and exams that you won't find anywhere else
On Shiksha, get access to
- 60k Colleges
- 880 Exams
- 415k Reviews
- 800k Answers
A
Which are the colleges for LLB in taxation?
Reply to Aman