Taxation is a method of imposing financial charge (tax) on the people who make ‘taxable’ income. Tax is charged upon the tax payers by the state government, central government or any other authority of state such as the local council or the municipality. Collecting of tax is a major role of the government as the tax paid by the people forms its important source of income. Graduates and post graduates students in commerce are generally employed in the field of taxation. Various institutes in India are conducting this course in the field, to produce skilled professionals who can work in the field of taxation.
List of Courses: -
- Diploma in Accounting & Taxation
- Diploma in Service Tax
- Diploma in Taxation Law
- Advanced Diploma in Taxation
- Bachelor of Commerce in Taxation
- Bachelor of Commerce in Tax Procedure & Practices
- Master of Commerce in Finance and Taxation
- Master of Commerce in Accounting and Taxation
- Post Graduate Diploma in Taxation
- Post Graduate Diploma in Tax Management and Tax Administration
For admission in a bachelor’s degree, the candidate must have passed the higher secondary school certificate (10+2) examination with commerce subjects such as accounts, maths and economics. The duration for this course is 3 years.
The eligibility criteria for pursuing a master’s degree are holding a bachelor's degree with commerce subjects such as accounts, maths and economics. The duration for this course is 2 years.
There are multiple job opportunities in this field. Depending upon individuals academic background along with working experience in taxation, employ can be found in all corners of the globe. Graduates in this field can seek employment in government and private sectors. Professionals can join any organization as tax recruiter, tax policy analyst, tax advisor, revenue agents, tax examiners, tax manager, tax accountant and tax collectors.
Professionals in this career can also opt for teaching jobs in universities and colleges. They can also work separately as a consultant. The key role of any tax consultant must be to make maximum use of all of his/ her technical knowledge for the betterment of the company he/she is working for.
Some job titles: -
- Revenue Agent
- Marketing Manager
- Financial Analyst
- Tax Policy Analyst
- Tax Attorney Specialist
- Employment Tax Specialist
- Personal Finance Consultant
Taxation is one of highly rewarding field. Professional’s income mostly depends upon their qualifications and experience. For those who want to pursue a career in taxation, their initial salary starts from Rs 200000- Rs 500000 per annum.