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Master of Laws [L.L.M.] (Taxation Law) - Course Overview

  • STREAM

    LAW

  • DURATION

    2 YEARS

  • COURSE

    General

  • COURSE TYPE

    Post Graduation

Updated On - July 7th 2018

Master of Laws [L.L.M.] in Taxation Law Top Colleges, Syllabus, Scope and Salary

LLM in Taxation Law is a 2-year full-time postgraduation degree of law specializing in Tax Law. The eligibility of which is passing 3 years or 5 years degree in Bachelor’s degree in Law (LLB) with a minimum of 45% marks (40% for SC/ST category) from a recognized university. 

Some of the top colleges who offer the program of LLM in Taxation Law are as follows:

Admission to LLM in Taxation Law is done on the basis of Merit obtained in the qualifying examination. No entrance examination is conducted for admission to the program is merely based on marks secured in the final test. Candidates are introduced to the intricacies of law pertaining to taxation and are made proficient with the rules and regulations related to the same. The course is considered a lucrative program for all those who wish to embark on their career surrounding taxation.

LLM in Taxation Law acquaints students to the details involved in the field of tax law. Candidates having expertise regarding the tax laws and the regulations pertaining to it are considered well suited for the program. As taxation makes an important part of different fields of law, having knowledge of different areas involved in tax is considered to be beneficial. The course is considered to be extremely career orienting as it opens to candidates a vast number of prospects in private and government agencies and corporations.

The average college fee charged for LLM in Taxation Law course in India ranges from INR 70,200 to 8.72 Lacs. After the successful completion of the program, candidates are competent to apply as tax experts in government and private agencies, practice as private consultants and in-house counsels in large corporations as well as faculty professors at reputed universities and colleges and much more. The average remuneration earned by candidates ranges from INR 2 to 6 lacs per annum.

LLM in Taxation Law: Course Highlights

Course levelPost-Graduation
Duration2 years
Examination TypeSemesters
EligibilityQualifying 3 years or 5 years of Bachelor’s degree in Law with minimum 45% aggregate from a recognized university.
Admission processMerit Based
Course FeeINR 70,200 to 8.72 lacs
Average salaryINR 2 to 6 lacs per annum
Top Recruiting CompaniesGovernment and Private Financial Agencies, Law Suites, Large Corporations, Law Consultancies
Job PositionsTax Analyst, Tax Consultant, Tax Professional, Tax

LLM in Taxation Law: What is it About?

Tax plays an intricate role in every person’s life. The program of LLM in Taxation Law is set with the view of imbibing in candidates the rules and regulations surrounding taxation laws. Tax is an important aspect of both businesses as well as effects on an individual’s financial planning. Students of L.L.M. are introduced to these aspects of tax laws and how to manage the issues which crop in this field.

The program is deemed highly beneficial as taxation as a field of study has its effect on different sectors of law, making this a high-demand field opening a lot of career prospects. They are introduced to different areas of taxes and the techniques of taxation, along with its effect on different sectors. Under taxation law, they are given an in-depth knowledge of tax laws in business planning, estate planning, corporate and financial sectors as well as into the different areas of federal tax law.

LLM in Taxation Law curriculum is designed in a manner which includes lectures and practice. The course is divided into 30 hours of classroom lectures per week. The course dwells into different topics like principles of taxes, Direct and Indirect taxes, Litigation, International Tax laws and much more. The course develops the students in overall aspect as a law practitioner who has a large demand on the further field.

Aspirants of LLM in Taxation Law have wide prospects of career opportunity opened for them in a different arena of law fields. They have opportunities to either work as private practitioners, counselors in government and private firms as well as work as eminent law consultants in large corporations. The course aims at developing the student in all aspect of law concerning taxes making them proficient experts and law consultants in their field of work.

LLM in Taxation Law: Top Colleges and Institutes

Name of InstitutionLocationAverage Course Fee (in INR)
Indian Institute of Technology (IIT)Kharagpur2,80,000
Amity UniversityNoida1,05,000
Tamil Nadu Dr. Ambedkar Law UniversityChennai70,200
Institute of Chartered Financial Analysts of India (ICFAI)HyderabadNA
Government Law CollegeKozhikode8,72,000
Maharaja Sayajirao UniversityGujaratNA

LLM in Taxation Law: Eligibility

The eligibility of LLM in Taxation Law are as follows:

  • Candidates who have passed 3 years or 5 year’s Bachelor’s degree in Law (LLB) with a minimum aggregate of 45% (40% for candidates belonging to SC/ST category) from a recognized university are eligible for admission.

LLM in Taxation Law: Admission Process

Candidates who seek admission to LLM in Taxation Law as the branch of study are required to meet the eligibility criteria as prescribed by different colleges and universities. The minimum eligibility criteria require candidates to qualify their LLB program with aggregate marks of 45% and above from a recognized university. There is no entrance examination held for admission to the program, however, the eligibility criterion is subject to differ.

Admissions are solely done on the basis of merit obtained in the qualifying examination. Candidates can apply for the course both online as well as offline. All important information pertaining to admission dates, counseling and selection of candidates will be notified through email or listed on the official website of the college.

LLM in Taxation Law: Syllabus and Course Description

LLM in Taxation Law surrounds the aspects related to taxation and the details included in it. The course enables aspirants to gain a general understanding of the subject with the view of making them proficient in varied fields related to this field of law. As taxation has an effect on varied fields of laws, the course is structured to imbibe in students the principles and fundamental of tax law on domestic and international grounds.

The curriculum covers the program through classroom lectures and projects. The topics covered in LLM in Taxation Law course include estate taxation law, international law, financial taxation, state taxation and much more. Apart from these, candidates are also given a deeper understanding of the subject through discussions, seminars, case studies, and presentations. Candidates during the fourth semester will have to choose from the list of electives as prescribed by the college.

Following is the tentative study of subjects followed by most of the universities and colleges mentioned below:

Syllabus
Paper I – General Principles of Taxation
Paper II – Direct Tax Laws
Paper III – Indirect Tax laws
Paper IV – Tax Litigation
Paper V – International Taxation
Paper VI – State and Local Body’s Tax
Paper VII (Elective paper) – Tax on Intellectual Property & E-commerce
Paper VIII (Elective paper) – Corporate Tax

** The Syllabus of the program may differ for different colleges.

LLM in Taxation Law: Career Prospects

LLM in Taxation Law is considered extremely career orienting as it opens a wide range of opportunities for candidates after its completion. As the tax laws have an effect on many fields, this course is understood as a high-demand program by experts. Candidates after its completion have an opportunity to work in government and private firms. They can also opt to become private practitioners or as in-house consultants in big corporations. They can become tax professionals, counsel, Law Clerk, Tax Analyst and much more. 

Read about more LLM in Taxation Law courses

Read about more Masters in Law courses

Mentioned below are career prospects for candidates to choose from:

LLM Annual Salary
Job ProfileJob DescriptionAverage Salary (in INR) per annum
Tax CounselResolve financial and tax issues of the client, guide them and advise regarding various tax regimes and norms.INR 3 to 6 lacs
Law ClerkConduct legal research, prepare memos, draft orders, proofread orders and opinions, verify and communicate the decisions to the council.INR 2 to 3 lacs
Tax AnalystInteract with corporate accounting group, businesses and assist in filing income and property taxes.INR 3 to 4 lacs
Tax professionalsPrepare tax returns for clients, interview clients for gaining additional information, to make deductions, adjustments, and credits to keep client’s taxes at a minimum level.INR 3 to 4 lacs
ProfessorsImpart knowledge of the subject using different tools and techniques.INR 2 to 4 lacs
Tax ConsultantsPrepare tax returns, advise clients in planning and compliance.INR 4 to 6 lacs

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