What is Diploma in Taxation?
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 Rs 5000-Rs 2 lakh.
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 university level (lecturership) or are already certified teachers of Accounting & Commerce subjects.
Diploma in Taxation Eligibility
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Eligibility criteria for Diploma in Taxation is Graduation in Commerce or Law from a recognized university
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Many universities also accept candidates having Graduation degree in Art/Science streams with one year practical experience in Taxation or related fields or
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Candidates having a diploma of three years duration with two years practical experience in Taxation or related fields
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 IÂ (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 |
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| Financial Accounting & Analysis I |
Financial Accounting, Financial Statements, Accounts Maintenance as per Companies Act and IT Act, Financial Decisions |
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| 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 |
|
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| Semester IIÂ (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 |
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| Indirect Taxes II |
Central Excise, Service Tax |
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| Financial Accounting & Analysis II |
Techniques of Financial Statement Analysis, Analysis of Financial Statement, Accounting Standards, Inflation Accounting |
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| Communication Skills |
Introduction – Concept, Importance and Types of Communication, Oral Communication, Written Communication, Report Writing – Types and Structure |
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| 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. |
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Diploma in Taxation: Jobs and Salary
Diploma in Taxation is essentially a career enhancing course, thus one can find many career opportunities at senior level or specialist level within law, banking, accounting and commerce domains. Some of the job profiles are listed below:
| Job Profile |
Average Salary |
|---|---|
| Tax Consultant |
Rs 4.5 lakh per annum and upwards |
| Tax Policy Analyst |
Rs 3.2 lakh per annum and upwards |
| Tax Collector |
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| Tax Auditor |
Rs 3.9 lakh per annum and upwards |
| Revenue Agents |
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| Tax Accountant |
Rs 2.72 lakh per annum and upwards |
| Accounting Manager |
Rs 7 lakh per annum and upwards |
*The salary data has been taken from payscale.com
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Popular Diploma in Taxation Colleges in India
- Total Fees: ₹ 2,430
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- 1 years
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- Full Time
- Total Fees: ₹ 14,900
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- 1 years
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- Online - Recorded
- 1 years
- |
- Full Time
- 1 years
- |
- Full Time
- 1 years
- |
- Full Time
Top Rated Courses
Popular Diploma in Taxation UG Courses in India
UG Courses
- BCom
2 Colleges
Popular Diploma in Taxation PG Courses in India
PG Courses
- MBA / PGDM
25 Colleges
- Executive MBA / PGDM
1 College
Popular Diploma in Taxation Specializations in India
Popular Specializations
- Auditing and Control
2 Colleges
- Company Secretary
2 Colleges
- Indirect Taxation
2 Colleges
- Cost and Management Accounting
1 College
- Direct Taxation
1 College
- Income Tax
1 College
- Internal Audit
1 College
Ask & Answer (Showing 3 of 384 Q&A)
There are various colleges which offer this course through distance learning mode such as du, IGNOU, annamalai, Symbiosis Centre for Distance learning and many more. You can choose Du or IGNOU (are the best universities). .
Answered byKaur Kaur Contributor-Level 9
Kindly check the university websites for the list of the colleges. All the best.
Answered byNEHA Batra Guide-Level 14
So you can check online, various courses are available for the same.
Answered bykanu vashisht Scholar-Level 16
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