What is Income Tax: Course Duration, Admission 2025, Colleges, Salary & Scope

Candidates aspiring to pursue the course must possess the desired taxation skills to enhance further skills desirable for career growth. Check the list of taxation skills that a candidate must have before enrolling for the course:

• Ability to explain complex regulations in a way a common man can understand

• Be comfortable with numbers

• Time management; punctuality

• Commercial awareness; dynamic with a situation

• Problem-solving

• Attention to details

The acronym TDS represents Tax Deducted at Source. It is a system whereby the payer deducts tax at the time that certain payments, like rent, interest, commission, and salary, are made. On behalf of the payment's recipient, the withheld tax is subsequently deposited with the government. TDS assists with tax collection all year long and guarantees a consistent stream of income for the government.

Accounting course as a field of education is a wide arena. Accounting courses are available as academic as well as professional programmes. Accountants are responsible for managing the finances of several small and medium-sized organisations.

Creating balance sheets, profit and loss statements, and summarising the financial situation by gathering data are some of an accountant's general responsibilities. To become an accountant, students might pursue a Master of Commerce or Master of Business Administration degree.

Students can read the points mentioned below to know the main functions of Accounting:

• Recording: The main function of accounting is to record all transactions in which the company participates. The confirmation of transactions and their records is called bookkeeping.

• Summarising: The transaction log creates raw data. Pages and pages with raw data are not very useful for organizational decision-making.

• Reporting: The management is responsible to investors for the company's condition, and owners must receive information about the activities funded by their funds on a regular basis, and therefore regularly send them reports. 

• Analysing: Finally, accounting includes analysis results; after summarizing and presenting the results in the report, meaningful conclusions must be drawn; management must know its pros and cons; accounting helps to compare; the usual practice is to compare income, cash, and sales analysis of business performance.

Accounting is an art of recording, classifying and summarising in a significant manner, and in terms of money, transactions and events which are in part at least, of a financial character and interpreting the result there of.

By analysing this definition you will find the objective as:

• Recording of transactions
• Analysing of transactions
• Summarising of transactions

There are two ways to become an Income Tax officer in India and these are:

• Clear Staff Selection Commission (SSC) Combined Graduate Level (CGL) Exam: It is a government exams that recuit candidates for various positions in government including Income Tax inspector. 
• Another way is clearing Union Public Service Commission (UPSC) Civil Services Examination: Clearing UPSC exam is one of the most challenging way. It is also responsible for recruiting for IRS (Indian Revenue Service).

Hi, yes you can do Accounting without any entrance exam. You can refer below the best Accounting colleges in India that accept students without any entrance exams:

The main subjects in Income Tax courses are:

• Basic of Income Tax, Major Head of Income, Tax Forms, New & Old Tax Scheme

• Concept of Business Income, Calculation of Income from Business & Profession

• Depreciation under the Income Tax, Important Rate & Calculation of Depreciation

• Calculation of Allowed Expenses under the IT Act, Import Section of the Act

• Books of Account &, Documents & Maintenance of Books of Accounts

• Audit of Books of Account under the IT act & Exemption from the Audit

• Benefit & Disadvantage of Presumptive Taxation under the Income Tax

• Tax Deducted at Source (TDS) Basic, TDS Rate and TDS Provisions

• Tax Deducted at Source (TDS) Due Dates & Penalty

In Delhi, several institutions are recognised for offering strong programs in International Accounting and related fields. 

Here are some notable colleges and universities known for their International Accounting  courses:

The table below shows the average placement package offered by top recruiters who participated in top Accounting colleges in India:

To become an income tax officer:

• Obtain a bachelor's degree from a recognized university.

• Clear competitive exams conducted by tax authorities or government agencies.

• Undergo training at designated institutions.

• Complete a probationary period before appointment.

• Pursue professional development for skill enhancement.

• Progress through promotions and transfers within the Income Tax Department.

An income tax officer's duties include:

• Ensuring that people and corporations abide by tax laws and regulations is known as tax compliance.

• Tax assessment: Examining tax returns to ascertain whether income claims and taxes paid are accurate.

• Investigations: Looking for signs of fraud or tax evasion through audits and investigations.

• Enforcement: Taking legal action and imposing fines on those who escape paying taxes.

• Taxpayer help is the provision of support and direction to taxpayers regarding matters about taxes.

Yes, a BCom student can become an Income Tax Officer. After completing their BCom degree, students are eligible to appear for the Staff Selection Commission Combined Graduate Level (SSC CGL) exam, which is the primary route to becoming an Income Tax Officer in India. 

The exam consists of multiple tiers, including objective tests, descriptive papers, and sometimes skill tests, all designed to assess a candidate's knowledge, reasoning, and aptitude. With dedicated preparation, especially in areas like general knowledge, quantitative aptitude, and English, a BCom graduate can successfully clear the SSC CGL exam and embark on a career as an Income Tax Officer.

For GST and income tax inspectors, the vision requirements are as follows:

Visual Acuity: The unaided visual acuity should be not less than 6/6 in each eye. Corrective spectacles are permitted during the visual test.

Colour Vision: Defects in colour vision are not suitable for the post of Inspector GST in CBIC.

In your case, since your vision can be corrected to a standard, you are eligible for the post