Taxation
Shruti GargSenior Executive
Taxation refers to the collection of money by the Government from the trading companies and citizens to finance public institutions, goods and services. Candidates aspiring to pursue the course in Taxation must fulfil the eligibility criteria as per the programme they want to enrol into. Taxation course is offered at certification, UG, PG and Diploma Levels. The duration of the taxation course is a maximum of 3 years. The course aims at imparting practical and theoretical knowledge of financial accounting, direct taxation, indirect taxation and auditing. Candidates are offered admission to the course based on the entrance exams or merit basis.
- Taxation Eligibility Criteria
- 1.1 Taxation Certification Eligibility Criteria
- 1.2 Graduation in Taxation Eligibility Criteria
- 1.3 Diploma in Taxation Eligibility Criteria
- 1.4 Post Graduation in Taxation Eligibility Criteria
- Taxation Entrance Exams
- Taxation Course Skills Required
- Taxation Course Syllabus
- 4.1 Certification in Taxation Syllabus
- 4.2 Graduation in Taxation SyllabusCourses offered for graduation in taxation are:
- 4.3 Taxation Diploma Syllabus
- 4.4 Post Graduation in Taxation Syllabus
- Taxation Career Prospects and Job Roles
- Taxation Course Top Recruiting Companies
- Taxation Course Top Colleges
- 7.1 Certification
- 7.2 Graduation
- 7.3 Post Graduation
- 7.4 Diploma
- Frequently Asked Questions on Taxation
Taxation Eligibility Criteria
Eligibility criteria of taxation courses vary at different levels. Candidates must ensure to fulfil the prescribed eligibility criteria for successful admission to desired institute/university.
Taxation Certification Eligibility Criteria
To enrol for the certification for taxation course candidate must be:
- Qualified Cost & Management Accountants(Members)
- Other Professionals (CS, CA, MBA, M.Com, Lawyers)
- Executives from Industries and Tax Practitioners
- Students who are either CMA qualified or CMA pursuing
Graduation in Taxation Eligibility Criteria
- Candidates aspiring to obtain a bachelor’s degree in taxation must pursue the B.Com course specialisation in Taxation.
- Completed 10+2 or equivalent with an aggregate of 50% or 60% in any stream conducted by a recognised Board/Council/University.
Diploma in Taxation Eligibility Criteria
- As per the eligibility criteria for Diploma in Taxation candidate must be a graduate in Commerce or Law from a recognized institution/university.
- Some institutes/universities also accept candidates having Graduation degree in Art/Science streams with one-year practical experience in Taxation or related fields
Post Graduation in Taxation Eligibility Criteria
To be eligible for Post Graduation in Taxation programme, candidates must be a graduate in B.Com with an aggregate minimum percentage of 50-60%.
Taxation Entrance Exams
For admission to the Taxation course at various levels, candidates must appear for the entrance exams. Some universities/institutions offer direct admission based on merit while some conduct entrance exams to assess the candidate’s abilities in various sections. Check the list of entrance exams that candidates must appear for admission to the taxation course.
| Taxation exams for Certification courses |
Taxation exams for Undergraduate programme admission |
Taxation exams for Diploma admission |
Taxation Exam for Postgraduation admission |
|---|---|---|---|
| Admission on the basis of merit basis/ score in the qualifying examination |
Admission granted on the basis of aggregate score in the qualifying examination. |
|
Taxation Course Skills Required
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
Taxation Course Syllabus
The taxation syllabus varies from level to level. Candidates can check the syllabus of taxation course at each level.
Certification in Taxation Syllabus
Popular Taxation certification offered by The Institute of Cost Accountants of India offers various courses under taxation. Check the table below to know the different certificate courses for taxation and syllabus.
| Taxation certificate course |
Taxation subjects |
|---|---|
| Certificate Course on GST |
Constitutional Background of GST, Concepts of GST & Definitions in GST, Classification, HSN, SAC Input Tax Credit, Refund of ITC Records and Returns Payment and Refunds Demands Penalties and Prosecutions Job Work Zero Rated Supplies, Imports and Exports Applicability of TDS and TCS under GST and Filing of Return, Taxable event, Time of Supply and Place of Supply, Composite & Mixed supply, Works Contract, Exempted supply Valuation under GST, Valuation rule Basic Procedures- Registration, Invoice, Bill of supply, E way Bills etc. Annual Return and Assessment Adjudication and appeal Advance Ruling and Anti-profiteering Miscellaneous Provisions and Case studies on specific Chapters involving real-life scenarios |
| Advanced Certificate Course on GST |
Taxable Event and Type of Supply Time of Supply and Place of Supply Classification & HSN and SAC Valuation Rule, Analysis of TDS and TCS under GST Zero Rated Supplies, Imports and Exports E-Invoicing and Reconciliation of Credits and Job Work Analysis of Annual Return & Assessment, Analytical Approach of Registration, Invoice, Bill of supply, E way Bill Practical Analysis of GST Returns, Demands, Adjudication and appeal, Penalties and Prosecutions Analytical view of Advance Ruling and Anti Profiteering Miscellaneous Provisions and Case studies on specific Chapters involving real-life scenarios |
| Certificate Course on TDS (Direct Taxation) |
Basics of TDS, Duties and Responsibility for deducting tax at source, Practical Approach for TDS Return submission and correction in TDS Return Procedure of TDS Challan generation, Section wise in-depth discussion on TDS on different types of payments along with amendments and case law TDS for Non-Residents Various penalties & consequences, Specific Amendments & inclusion under TDS as per latest Finance Bill and amendments Some Important Case Laws |
| Certificate Course on Return Filling (Income Tax) |
Basics of Income Tax Return Filling, Duties and Responsibility for deducting tax at source Various penalties & consequences, ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7 [Timeline for filling Return and practical approach] Recent Amendments in Filing of Returns as per Finance Bill Recent Case Laws for guidance |
| Crash Course on GST for College and University |
Concept of GST, Classification, HSN and SAC Code, Taxable event, Time of supply and place of supply, valuation rules, the concept of GST registration, procedure of GST registration, Concept of TDS and TCS in GST, registration and return submission procedure in TCS and TDS, Rule of invoicing and bill of supply, input tax credit, reverse charge mechanism, E-way bill, introduction to GST return, procedure of GST return submission, concept of annual return, practical aspects of GSTR 9, 9A |
| Advanced Course On Gst Audit And Assessment Procedure |
Theoretical and Practical Approach of GSTR 9, Information required for filling up GSTR 9, Theoretical and Practical Approach of GSTR 9, Proper maintenance of Accounts and Records, Linking between GST and Income Tax, Theoretical Approach of GST Assessment, Duties and Responsibilities of Assessee and Auditor during Assessment, Practical Approach of Appeal under GST (drafting & uploading of the Appeal papers), Role of CMA in GST, Specially in Audit, Special Audit and Desk Review |
Graduation in Taxation Syllabus
Courses offered for graduation in taxation are:
- B.com (Hons.) in Accounting, Auditing and Taxation
- B.Com in Taxation
- B.Com Accounting and Taxation
- B.Com Taxation and Finance
Based on the above courses mentioned, candidates can check the syllabus of undergraduate taxation course:
| B.Com in Taxation Subjects |
||
|---|---|---|
| Accountancy |
PC Software |
Fundamentals of Business |
| Mathematics |
Advanced Accountancy |
Professional Communication |
| Banking |
Indian Constitution |
Income Tax Law and Practice – Basic Concepts |
| Business Statistics and Operations Research |
Corporate Accounting |
Insurance and Risk Management |
| Introduction to GST |
Environmental Science and Sustainability |
Income Tax Law and Practice - Heads of Income |
| Mercantile Laws |
Fundamentals of Costing |
Advanced Concepts of GST |
| Income Tax Law & Practice - Determination of Income |
Company Law and Secretarial Practice |
Accounting Packages - Tally |
| Management Accounting |
GST – Procedures and Practices |
Introduction to Research Projects |
| Investment Management |
Income Tax Law and Practice - Assessment Procedures and Authorities |
Principles of Financial Management |
| Capital Markets and Financial Services |
Auditing – Principles and Practices |
Customs Law - Practice and Procedure |
| Wealth Tax & Vat Procedure and Practices |
Principles of Statistics |
Indian Company Act |
| Indirect Taxation |
Central Excise Procedure & Practice |
Human Resource Management |
Note: Subject's name may vary from college to college. The above data is an aggregate of colleges offering Taxation courses.
Taxation Diploma Syllabus
Courses offered under diploma in taxation:
- Diploma in Accounting & Taxation
- Diploma in Service Tax
- Diploma in Taxation Law
- Post Graduate Diploma in Taxation
- Post Graduate Diploma in Tax Management and Tax Administration
| Diploma in Taxation Subjects |
||
|---|---|---|
| Income Tax Paper I |
Income Tax Paper II |
Indirect Taxes I |
| Financial Accounting & Analysis I |
Organization & Management |
Computer Applications & Introduction To Tally |
| Income Tax Paper I |
Income Tax Paper II |
Indirect Taxes II |
| Financial Accounting & Analysis II |
Communication Skills |
Principles of Auditing |
Post Graduation in Taxation Syllabus
Courses offered for post-graduation in taxation:
- Master of Commerce in Finance and Taxation
- Master of Commerce in Accounting and Taxation
| Post Graduation in Taxation Subjects |
||
|---|---|---|
| Law of Direct Taxes & Practices - Income Tax Act |
Law of Indirect Taxes - Central Excise Act, 1944 |
Law of Indirect Taxes - Custom Act, 1962 & Custom Tariff Act, 1975 & Service Tax |
| Law of Direct Taxes & Practices - Income Tax Act & Wealth Tax Act |
Income Tax Act |
Basic concepts, definition and charge of Income Tax Act (Section 1 to 4) |
| Income Tax Authorities (Section 116 to 130A) |
Scope of total income and Residential Status (Section 5 to 9) |
Computation of Gross Total Income |
| Income from Salaries (Section 15 to 17) |
Income from House Property (Section 22 to 27) |
Rebates & Relief |
| Double Taxation Relief |
Tax Authorities and Tribunal |
Assessments, Recovery of Tax Refund |
| Liability to pay tax in certain cases |
Return of Income and Assessment (Section 139 to 158) |
Advance Payment of Tax (Section 207 to 219) |
| Wealth Tax Act |
Rules and Central Excise Tariff Act, 1985 |
Special Features of Indirect Taxation |
| Excise Law |
Excise Liability |
Excise Duties |
| Excisable Goods |
Valuation under Central Excise Act |
Custom Act, 1962 & Custom Tariff Act, 1975 |
| Service Tax |
Payment of service tax and registration (Section 68 & 69) |
Central Sales Tax Act 1956 |
| Interest and refund of excess payment |
Tax deduction and collection at source (Section 192 to 206C) |
Appeals and Revisions (Section 246 to 264) |
| Penalties and Prosecutions (Section 270 to 280) |
Small Scale Units and applicable laws for duty payment purposes |
Adjudication, Appellate and Revision provisions. |
Taxation Career Prospects and Job Roles
| Job roles/Career Prospects |
Description |
Average Salary |
|---|---|---|
| Tax Consultant |
Tax consultant helps people or organisations in paying taxes. |
Rs. 5,18,123 |
| 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 |
Rs. 4,40,000 |
| Tax Auditor |
They analyse the financial data and correct the number of applicable deductions, taxable income, and nontaxable expenses. |
Rs. 4,86,615 |
| Tax Collector |
They act as an agent for local government or state for the collection of the revenues and public funding. |
- |
| Accounting Manager |
Manage and oversees the daily operations of the accounting department |
Rs. 697,769 |
| Tax Accountant |
A tax accountant assists companies and clients with their income tax and financial statements. |
Rs. 348,171 |
| Revenue agents |
They ensure that the government get their tax money from citizens or businesses |
Rs. 589,542 |
| Internal auditors |
Assess business processes or companies IT. Also, the internal auditor’s the risk and ensures that the company comply with the relevant statutes and law. |
Rs. 540,859 |
| External Auditors |
External auditor analyses the financial information of a company. |
- |
Data Courtesy: Payscale
Taxation Course Top Recruiting Companies
| Accenture |
Amazon |
PWC |
| Deloitte |
Bosch Ltd |
Bata India |
| Ernst & Young |
Feedback Infra Pvt |
Decathlon |
| Axis Bank |
Verizon |
Wipro |
| Nestle |
Parle Agro |
IBM |
Taxation Course Top Colleges
Candidates can check the top colleges for Taxation courses at each level.
Certification
The taxation certificate course is offered by The Institute of Cost Accountants of India. Candidates can check the list of taxation courses offered by the ICAI.
| Courses |
Mode |
Duration |
|---|---|---|
| Certificate Course on GST |
Offline & Online(both) |
72 Hours |
| Advanced Certificate Course on GST |
Online only |
40 Hours |
| Certificate Course on TDS (Direct Taxation) |
Online only |
30 Hours |
| Certificate Course on Return Filling (Income Tax) |
Online only |
30 Hours |
| Crash Course on GST for College and University |
Offline only |
32 Hours |
| Advanced Course On GST Audit And Assessment Procedure |
Online only |
30 Hours |
| Advanced Course On Income Tax Assessment And Appeal |
Online only |
30 Hours |
Graduation
The duration of the Graduation in taxation is of three years. Each year is divided into 2 semesters. Candidates can check the name of colleges offering B.Com in Taxation.
| College |
Course name |
|---|---|
| B.Com. (Hons.) in Accounting, Audit and Taxation |
|
| B.com in Taxation |
|
| B.Com. in Accounting, Auditing and Taxation |
|
| B.Com. in Auditing and Taxation |
|
| B.Com. in Finance and Taxation |
Post Graduation
Post Graduation in Taxation of 2 years. Each year is further divided into 2 semesters. Check the list of colleges offering M.Com in Taxation below:
| College |
Course name |
|---|---|
| M.Com. in Finance and Taxation |
|
| M.Com. in Accounting and Taxation |
|
| M.Com. in Accounting and Taxation |
|
| M.Com. (Hons) in Taxation |
|
| M.Com. (Finance and Taxation/ Marketing and Analytics) |
|
| M.Com. in Finance and Taxation |
Diploma
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 |
International Taxation Courses
The Institute of Chartered Accountants of India offers Post Qualification Diploma in International Taxation. To obtain the International Taxation Diploma degree candidate has to undergo 120 hours of professional training which would cover the entire syllabus of International Taxation courses. Candidates can check the International Taxation subjects below:
- International Tax - Transfer pricing
- International Tax - Practice
At the end of the International Taxation Diploma course, the institute will conduct an International taxation Assessment test based on which candidates will be issued an eligibility certificate by the committee of International Taxation.
Frequently Asked Questions on Taxation
Q. When can I do B.Com in Taxation?
Q. What is the age limit to take admission in M.Com in Taxation?
Q. Is it necessary to have work experience before applying for a certification programme?
Q. What is the average salary offered after a B.Com in taxation degree?
Q. What are the career prospects after completing the taxation degree?
- Tax Consultant
- Tax Policy Analyst
- Tax Auditor
- Tax Collector
- Accounting Manager
- Tax Accountant
- Revenue agents
- Internal auditors
- External Auditors
Q. What is the minimum percentage required for M.Com in taxation?
Q. How can I apply for a diploma in taxation?
Q. What is the average salary for an income tax officer?
Q. How do I get a job in taxation?
Q. Which are the colleges/institutes offering taxation degree in Delhi/NCR?
- New Delhi YMCA
- IGNOU - Indira Gandhi National Open University
- ICAI - Institute of Cost Accountants of India
- ICSI Delhi
Q. What is the duration of certification in the taxation course?
Q. What is the eligibility criteria to pursue the International Taxation Courses?
Popular Taxation Colleges in India
Popular Private Taxation Colleges in India
Taxation Applications open. Apply Now
Most Popular Courses
Popular Courses
- M.Com in Finance and Taxation/ Marketing and AnalyticsSt. Joseph's College of Commerce
- B.Com. (Hons.) in Finance, Accounting, Audit and Taxation with KPMG Certified Accounting Professional (KCAP)Jain Deemed-to-be University, Bangalore
- Master of Commerce (M.Com.)Kristu Jayanti College
- B.Com. in TaxationSacred Heart College - SHC
- B.Com. (Hons.) in Business AdministrationS.S. Jain Subodh Pg College
- Bachelor of Commerce (B.Com. Hons.)Chandigarh University (CU)
- Bachelor of Commerce (B.Com)Presidency College
- Bachelor of Commerce (B.Com. Hons.)Amity University, Raipur
- B.Com. in TaxationSt Teresa's College
- B.Com. in TaxationSt. Albert's College
Popular Taxation UG Courses in India
UG Courses
- B.Com
243 Colleges
- UG Diploma
35 Colleges
- BBA
10 Colleges
- B.Voc
8 Colleges
Popular Taxation PG Courses in India
PG Courses
- M.Com
47 Colleges
- MIM
38 Colleges
- PG Diploma
27 Colleges
- MBA/PGDM
8 Colleges
- LL.M.
1 College
Popular Taxation Specializations in India
Popular Specializations
- Income Tax
19 Colleges
- Direct Taxation
6 Colleges
- Indirect Taxation
5 Colleges
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.
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A
Which are the colleges for LLB in taxation?
Reply to Aman