Tax law in India

Direct and Indirect Tax Laws in India are as follows:

Direct Tax

• Income Tax
• Capital Gains Tax
• Corporate Tax
• Gift Tax
• Securities Transaction Tax
• Wealth Tax  

Indirect Tax

• Sales Tax
• Custom Duty
• Service Tax
• Value Added Tax (VAT)
• OCtroi Duty
• GST

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There are various organizations which give good packages to Tax law graduates and also it also depends on skills of a candidate. Starting salary package for Tax law graduates can be anywhere between INR 4 Lakh to INR 7.5 Lakh.

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To become a Taxation Lawyer you can follow steps below -

• get  LLB degree (3 or 5 years)
• register with State Bar Council
• pass All India Bar Examination (AIBE) to practice

Pro tip: Specializing in tax laws by internships, pursuing an LLM in Taxation or also getting certifications in GST/Direct Tax can help you get better jobs. 

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Government agencies and private businesses are constantly looking for graduates with highly sought-after skills and knowledge. In terms of starting pay, tier 1 legal firms provide INR 10 Lacs to 12 lakh, whereas tier 2 companies offer INR 2 Lacs to 6 lakh. Additionally, the scope includes worldwide taxation, where students can study about the updates and developments in tax laws in other nations. This will enable them to develop the skills and knowledge necessary to apply for jobs with multinational corporations and organisations.

One of the key areas of the Indian legal sector is tax law. The taxation law is a body of rules that controls the tax that people must pay to the government. Taxpayers must submit their income or property as payment for the tax levied by the federal and state governments. Due to this area's everyday impact on a nation's citizens, there has been tremendous growth in this industry, and the number of applicants is steadily rising.