Career Option in Tax
A.Field description
A tax is a financial charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (for example, secessionist movements or revolutionary movements). Taxes are also imposed by many sub national entities. Taxes consist of direct tax or indirect tax, and may be paid in money or as its labor equivalent. A tax may be defined as a pecuniary burden laid upon individuals or property to support the government a payment exacted by legislative authority.
B.Education Guide
Education Details & Eligibility:
A person aspiring to get into the field of Tax has to obtain one of the following degrees or any other related courses to become a certified profession.
- Bachelors in Accounting and Taxation.
- Master of Science in Taxation.
- Certificate Course in Taxation.
Basic eligibility criteria:
10th / +2 (Higher Secondary students) with any group as the majors are eligible for these programs.
Course Duration:
The course duration tends to change in various universities and colleges but generally,
- B.Com in accounting and taxation is a three year course consisting of six semesters.
- Master of Science in Taxation is a two year course consisting of four semesters.
Approximate Education Expenses:
The Total expense for doing a course in accounting and Tax at any internationally recognized institute is as follows
Bachelors- Rs. 55000/ year- (3 Years)
Masters- Rs. 60000/year- (2 Years)
Bank loans and private loans can be easily arranged by directly contacting the banks through the college administrative.
C.Institutions that Offers this Education
Almost all the deemed and general universities offer degree in Accounting and Tax. Some of the institutions are:
- Symbiosis Society's College of Arts & Commerce, Pune
- Delhi School of Economics (University of Delhi)
- Presidency College, Chennai
- St. Joseph's Bangalore
- Presidency College, Kolkata
- Madras Christian College, Chennai
- St. Xavier's College, Kolkata
D.Job Opportunities and Job Roles
Person who completes commerce course can join as junior accountant or trainee. Once they gain experience and understand and practice the accounting rules they can choose career in many ways in India and Abroad. They can either take
- Government Jobs,
- Private companies,
- Public Limited companies,
- Tax Senior
- Tax Preparer / Tax Manager
- Tax Advisor, Tax Consultancy
- International Assignment Specialist (TAX)
- Tax Associate (or) They can have their own companies to provide consultation work.
E.Approximate Salary Range
The salary can be from Rs.9400 to Rs.26000 for freshers and increases with the persons experience and knowledge.
F.Related Links
An online compendium of web sites of interest to students and those who wish to make a career in the field of Tax.
