Tax is money that people have to pay to the government. Taxes are used to pay for the people who work for the government, such as the military, police, etc. The government provides benefits to the citizens by using the money collected as tax. The role of a Tax Consultant is to resolve the tax-related issues of the clients. They need to prepare the tax returns for individuals and businesses with complicated estates. Many large companies hire tax consultants.
Courses
There are multiple diploma courses and three years graduation programs available. Students can opt for any of the below-mentioned programs to pursue in the field of Taxation.
Diploma Courses- These are the short term courses. The duration of these courses is around six months. The syllabus under the diploma courses includes the necessary knowledge of the subject.
• Diploma in Accounting & Auditing
• Post Graduate Diploma in Accounting
• Diploma in Taxation
• Diploma in Tax & Company Law
• Advance Diploma in Financial Accounting & Taxation
• Advance Diploma in Taxation
Bachelor Courses(Three Year Duration)- It is a three years graduation degree, where students will get to learn the subject in depth. Both the theoretical and practical knowledge will be covered under the graduation level courses for Taxation.
• Bachelor of Commerce in Fundamental Auditing
• Bachelor of Commerce in Taxation
• Bachelor of Business Administration in Accounting & Finance
• Bachelor of Commerce in Direct & Indirect Taxation
• Bachelor of Commerce in Tax Procedure and Practice
• Bachelor of Commerce in Accounting & Taxation
Admissions
Some universities and colleges grant admissions in diploma or bachelor courses based on the merit list prepared by the marks obtained in 12th standard. Some universities select students based on the scores they obtain in the entrance exams, followed by group discussions and personal interviews.
Eligibility Criteria: For a Bachelor's degree, students need to pass class 12th examinations with Mathematics, Economics & Accounts.
Top Colleges to study Taxation in India
Many colleges and universities give excellent coaching in Taxation, out of which few are listed below:
• Osmania University, Hyderabad
• University of Pune
• Xavier’s College Kolkata, West Bengal
• Budge Budge College, Kolkata
• Symbiosis College of Arts and Commerce, Pune
• Alpha Arts and Science College, Chennai
• Shivaji University, Kolhapur
Career Scope
There are infinite job opportunities in this field. After getting a degree, students can apply for private as well as government sector jobs. Some of the diverse sectors that require a tax consultant are private organizations, the business banking sector, colleges, universities, economics companies, etc. In India, the average salary for a tax consultant is somewhere around Rs. 5 lakhs per annum and more. Companies like Ernst and Young, KPMG, Deloitte, etc offer job opportunities to Tax Consultants and pay a decent salary.
By Swaranshi Chhabra
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