B.Com. in Taxation is an undergraduate course in accounts. The length of the course is 3 years. The course covers the investigation of standards of bookkeeping, monetary arranging and monetary hypothesis alongside a specific concentrate on tax assessment which is named as a procedure of imposing a financial charge (tax) on the subjects who earn ‘taxable’ income.
Top Institutes offering this course are:
B.Com. in Taxation degree course prepares students for a professional qualification in taxation, finance, and accounting and provides a solid base in the field of Taxation, Accounting and Finance, thus making it easier to acquire a leadership / managerial role in the financial sector.
The students are exposed to details of indirect taxes like customs and central excise tax, wealth tax, etc. Upon completion of the course, the students become capable to perform well in banking, financial institutions, in accounting, marketing services, and so on.
B.Com. Taxation degree makes one qualified to work in Accounts and Finance bureaus of different firms and organizations, banks, government divisions and offices, instructive establishments and various different sorts of associations. Average starting salary offered to B.Com Taxation degree holders ranges from INR 2 to 10 Lacs.
Arranged beneath are a portion of the real highlights of the course.
|Name of the course||B.Com in Taxation|
|Duration||3 years, full time/Distance Learning|
|Examination Type||Semester System/Yearly|
|Eligibility||10+2 with English and math|
|Admission Process||Students are admitted in B.Com on the basis of merit. The merit is prepared on the basis of candidate’s performance in higher secondary examination. Some Universities also conduct the entrance test for admitting students. Besides candidate’s academic knowledge, some colleges conducts interview|
|Average Course Fee||INR 5K to 5 Lacs|
|Average Starting Salary||INR 1.2 Lakh 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|
B.Com. in Taxation degree holders are in a position to acquire the status of a government employee who is regarded as a notch above the ordinary people in terms of both post and power. B.Com. in Taxation degree course prepares students for a professional qualification in taxation, finance, and accounting and provides a solid base in the field of Taxation, Accounting, and Finance, thus making it easier to acquire a leadership / managerial role in the financial sector.
It has been concluded in a number of recent surveys that more and more students are now opting for the degree that enables them to establish a good career in taxation areas.
The tax assessment is a degree program in which, aside from a general course think about in Commerce. Assorted angles on various sorts of expense, for example, Income assess, Value Added Tax or VAT, Service Tax, Property Tax, and so forth are secured under the course. The understudies are presented with subtle elements of backhanded assessments like traditions and focal extract charge, riches impose, and so on.
The average tuition fee charged in India for B.Com in Taxation ranges around INR 5 lacs for private institutes but is as low as INR 5,000.
Listed below are some of the best institutes in India that offer B.Com in Taxation:
|College/Institute||State||Tuition Fees (Per Year) in INR|
|St. Albert's college||Ernakulam, Kerala||22,500|
|Sacred heart college||Ernakulam, Kerala||32,990|
|Lala Lajpat rai college of commerce and economics||Mumbai, Maharashtra||36,650|
|St Teresa's college||Ernakulam, Kerala||18,000|
|Bharata Mata College, Chennai||Kochi,||22,500|
The essential qualification basis for seeking after B.Com Taxation degree is qualifying 10+2 or proportional examination in any stream
Some of the colleges and organizations request at least 45% checks in the above subjects at 10+2 level.
The details on the admission in B.Com Taxation will be distributed toward the start of every scholastic year.
The applicant can apply for the course either through the online interface or through postal strategy.
In both strategies, the competitor ought to pay a particular amount of fees. Once the application form is filled, the same must be submitted before the end date.
Syllabus of Taxation as prescribed by various Universities and Colleges.
Main subjects covered in the discipline are:
|Indian Tax System||Indian Tax System|
|Income Tax Law Procedure||Income Tax Law Procedure|
|Fundamental Principles of Accounting||Financial Accounting|
|Business Mathematics||Partnership Accounting|
|Indian Contract Act and Sale of Goods Act||Business Regulatory Framework|
|Business Organization||Business Communications|
|Income Tax Procedure & Practices||Income Tax Procedure & Practices|
|Wealth Tax & Vat Procedure and Practices||Wealth Tax & Vat Procedure and Practices|
|Basics of Company Accounts||Advanced Corporate Accounts|
|Theory and Practice of Cost||Advance Cost Accounts|
|Indian Company Act||Principles of Management|
|Principles of Statistics||Advance Statistics|
|Central Excise Procedure & Practice||Central Excise Procedure & Practice|
|Custom Procedure & Practice||Custom Procedure & Practice|
|Income Tax for Individuals||Income Tax for Business|
|Accounting for Managers||Indirect Tax|
|Marketing Management||Human Resource Management|
There are enormous openings for work are accessible in these fields. In the wake of holding a degree in this field, you can take up for a vocation in both private and government parts. Professionally you can likewise select showing employment in schools and colleges.
Back Executive, Accounts Assistant, Audit Assistant, and so on are a portion of the occupation profiles appropriate for applicants who have finished their B.Com degree in tax collection.
In India, the normal compensation of taxation officer is between Rs. 3 to 4 lacs for every year while in abroad, you can gain a normal pay of more than $52 k every year.
Some of the popular employment areas for B.Com Taxation:
B.Com in Taxation graduate is hired in capacities such as:
Listed here are some of the popular job positions offered to successful graduates of the discipline with the corresponding job descriptions and salaries offered:
|Job Title||Job Description||Average Annual Salary in INR|
|Tax Consultant||Tax Consultant instruct their customers on expense alternatives, including how to legitimately bring down duty obligation or how to figure charges in light of their speculations. Charge experts may plan and finish customer government forms and help customers in finding the correct derivations, credits and alterations in light of their money related circumstance.||INR 2 to 7 Lacs|
|Actuary||Actuary utilize measurable systems and scientific aptitudes to evaluate the likelihood of an occasion and its money related results.||INR 2 to 4 Lacs|
|Book Keepers||Creates framework to represent money related exchanges by building up an outline of records; characterizing accounting approaches and methodology. Keeps up auxiliary records by checking, designating, and posting exchanges. Balances auxiliary records by accommodating passages.||INR 1 to 3 Lacs|
|Finance Officer||Handle and get ready money related and business frames with the end goal of financial records adjusts, encouraging buys, and so on. Perform routine computations to deliver examinations and reports as asked for by the back executive. Gather and enter information for different monetary spreadsheets.||INR 3 to 10 Lacs|