B.Com. in Tax Procedure and Practice is a 3 years’ graduate degree program, the minimum eligibility is 12th class from a recognized school board or its equivalent exam. Interested candidates can get admission in B.Com. In Tax Procedure and Practice on the basis of candidate’s performance in a relevant entrance exam, and subsequent round of counselling.
Some of the top colleges and institutes which provide admission to B.Com. in Tax Procedure and Practice are as follows:
The average tuition fee charged for the course in India ranges between INR 5000and 2 Lacs for a span of 3 years.
This program helps candidates to develop skills in accounting, finance and economics. There are various types of tax for example Income tax, Property tax, Value added tax, Service tax etc.
Those candidates who pursue this program usually get exposed to the details of the indirect taxes like customs tax, wealth tax and central excise tax. After finishing of this course, the candidates can find jobs in accounting, marketing services and financial institutions.
B.com. in Tax Procedure and Practice increases the applicant’s proficiency in accounting, finance and taxation. After finishing this program the candidates can opt for programs such as MBA and M.Com in order to enhance the job prospects, applicants can pursue courses for example CA, CS, and ICWA. The bachelor degree program in tax procedure helps the students to reach a great profile in the banking sector.
Such postgraduates are hired in capacities such as Business Consultant, Auditor, Chief Financial Analyst, Personal Financial Advisor, Tax Consultant, Teacher, Actuaries, Budget Analysts, Cost Estimators, Entrepreneurship/Own Business, Finance Managers, Business Consultants, Certified Public Accountant, Chartered Management Accountant, Tax Assistants, Book Keepers, Human Resource Managers, Investment Analysts, Marketing Managers, Chief Financial Officer, Financial Analyst, Personal Financial Advisor, Stock Brokers Teacher/lecturer etc. The average salary of a CA in the company is around INR 5 to 10 Lacs per annum.
Given below are some of the main highlights of the course.
|Duration of the Course||3 years|
|Examination Type||Semester and Annual|
|Eligibility||10+2 with Commerce Subject|
|Admission Process||Entrance exam and Merit Based|
|Average Course Fee||INR 5000 to 2 lacs|
|Average Starting Salary||INR 2 lacs to 10 Lacs|
|Top Recruiting Companies||Google, Amazon, Snapdeal, Flipkart, Adobe, Reliance, Hdfc bank, Just dial, Apollo, Genpact, Motorola, Newgen, HP, Dell, Park Ascent, ITC Infotech, Claridges, HCL, L &T Infotech, Godrej etc.|
|Top Job Areas||Banks, Merchant Banking, Industrial Houses, Inventory Control, Business Consultancies, Educational Institutes, Budget Planning, Investment Banking, Marketing, Foreign Trade, Public Accounting Firms, Capital Market, Insurance, Media, Multi-National Companies, Investment Banking, Forensic Accounting, Retail Stores, Advertising etc.|
|Top Job Positions||Business Consultant, Auditor, Chief Financial Analyst, Personal Financial Advisor, Tax Consultant, Teacher, Actuaries, Budget Analysts, Cost Estimators, Entrepreneurship/Own Business, Finance Managers, Business Consultants, Certified Public Accountant, Chartered Management Accountant, Tax Assistants, Book Keepers, Human Resource Managers, Investment Analysts, Marketing Managers, Chief Financial Officer, Financial Analyst, Personal Financial Advisor, Stock Brokers Teacher/lecturer etc.|
B.com. in Tax Procedure and Practice is an undergraduate Accounting program. This program helps the candidates to grow skills in accounting, economics and finance. This program seems to be simple and easy for those students who have completed their higher secondary 10+2 in commerce. Candidate must be up to date with the methods and strategies in commerce fields as it is required for the program. Candidates willing for further higher studies such as Masters and then M.Phil are best for it.
In this course, candidates are instructed about tax essentials and procedures, along with various commercial subjects. It is beneficial for candidates who want to work for Tax department or Accounting for any organization or those who wish to start their own tax consultancy or work as a Tax consultant.
Those competitors who are unable to clear it in three years can clear it in a certain number of years on the basis of education policy of a college and an institute. Various colleges and Institutes offer a change of Elective Subjects in the second year relies upon the premises of candidate’s performance.
Professionals may join any organization as tax policy analyst, tax recruiter, tax advisor, tax examiners, revenue agents, tax accountant, tax manager and tax collectors. It prepares candidates for a professional qualification in finance, taxation and accounting and gives a strong base in the field of Accounting, Taxation and Finance, thus making it simpler and easier to obtain a leadership and managerial role in the financial industry.
Given below are some of the top institutes in India that offer the course.
|Name of Institute||City||Average Fees|
|ST. Albert’s College||Ernakulam||INR 29,000|
|Sacred Heart College||Ernakulam||INR 33,000|
|Lala Lajpat Rai College of Commerce and Economics||Mumbai||INR 16,900|
|The Bhawanipur Education Society College||Kolkata||INR 36,700|
|ST Teresa’s College||Ernakulam||INR 18,000|
|Career College||Bhopal||INR 19,000|
|Bharat Mata College||Kochi||INR 22,500|
|M.B. Khalsa College||Indore||INR 17,000|
|Osmania University||Hyderabad||INR 8,000|
|The Bhopal School of Social Science||Bhopal||INR 23,100|
|Amity University||Noida||INR 2,05,000|
|Doaba College||Jalandhar||INR 5,560|
|Amrita Vishwa Vidyapeetham Kochi Campus||Kochi||INR 55,400|
The candidates those who have finished the 10+2 are eligible to apply for this program with a minimum of 45 % marks in the qualifying examination is required for admission. The admission to this program depends upon the marks obtained by candidates for the qualifying exam.
The application process for this program begins with the issue of notification. The necessary information for the application process can be obtained from the internet. Various application forms are made available on the website of the college and University. Candidates can additionally collect from other notified centres. The application form must be filled carefully. The candidate must be careful in submitting the application before last of the application form. Following are a few entrance tests that are conducted by some of the B.Com. in Tax Procedure and Practice colleges in India:
A year-wise breakup of the course’s syllabus is tabulated below.
|Semester I||Semester II|
|English Language and Indian Culture||English Language and Indian Culture|
|Development of Entrepreneurship||Development of Entrepreneurship|
|Fundamental Principles of Accounting||Financial Accounting|
|Business Mathematics||Partnership Accounting|
|Indian Contract Act and Sale of Goods Act||Business Regulatory Framework|
|Business Organisation||Business Communication|
|Micro Economics||Micro Economics|
|Business Environment||Business Environment|
|Semester III||Semester IV|
|English Language and Scientific Tamper||English Language and Scientific Tamper|
|Environmental Studies||Environmental Studies|
|Elements of Company Accounts||Advance Corporate Accounts|
|Theory & Practice of Cost||Advance Cost Accounts|
|Indian Company Act||Principles of Management|
|Principal of Statistics||Advance Statistics|
|Income Tax Procedure & Practice||Income Tax Procedure & Practice|
|Wealth Tax||Service Tax|
|Semester V||Semester VI|
|English Language and Scientific Tamper||Auditing|
|Basic Computer & Information Technology||Central Excise Tax Procedure & Practice|
|Income Tax||Customs & Central Excise Tax Procedure & Practice|
|Indirect Tax||Job Training|
There are various career opportunities in this field. Depending upon individuals academic background along with a number of years experience in taxation, employ can be found in all around the world. Graduates in this field can apply for the job in government and private sectors. Professionals may apply any organization as tax policy analyst, recruiter, tax advisor, tax examiners, revenue agents, tax accountant tax manager, and tax collectors.
Professionals in this sector can also opt for teaching jobs in institutes, universities and colleges. Candidates can also work separately as a consultant. The key role of any tax consultant should be to make a greater utilization of all of his/ her technical skills and knowledge for the betterment of the organization he/she is working for.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY|
|Tax Consultant||Tax Consultants are responsible to train their clients on expense choices, including how to authentically cut down obligation commitment or how to figure charges in light of their theories.||7 to 8 Lacs|
|Finance Officer||Finance Officer is responsible to handle and prepares money related as well as business frames with the ultimate objective of empowering purchases, financial record adjusts etc. They additionally Perform routine calculations to convey examinations and reports as requested by the bank office.||3 to 4 Lacs|
|Actuaries||Acturies are responsible to utilize statistical methods and numerical skills to evaluate the probability of an event and its financial results.||7 to 8 lacs|
|Business Consultant||Business consultant is responsible to work with clients on methodologies, procedures, strategies, planning and problem solving and empowers clients to develop business skills, abilities and knowledge.||8 to 9 Lacs|
|Auditor||An auditor is in charge of preparing and monitoring financial records. They guarantee that financial records are exact and that charges are paid appropriately and on time.||3 to 4 Lacs|