PGP in Tax Management is a postgraduate program involving insight into income tax affairs and related concepts. Until recently, courses tagged under taxation were integrated into some of the existing MBA programs but lately, institutes like Symbiosis Pune have started offering a specialization course in this field.
The program typically lasts for 1 to 2 years, with the course duration depending upon the institute offering the course. The average fee charged for the course in India ranges between INR 50,000 to 1,50,000. The course is also offered on a part- time basis at some institutes in the country.
Upon successful completion of the course, postgraduates are offered lucrative career opportunities in the finance departments of organizations and also consultancies. The course is an additional add- on for candidates who already completed an MBA in finance. In terms of average annual salary, fresh postgraduates of the course are offered between INR 4, 00,000 to 9, 00, 000, depending on the expertise and base course completed by the candidate.
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Tabulated below are some of the major highlights of the course.
|Course Level||Post Graduate Diploma|
|Duration||1 or 2 Years (Full-Time or Distance Learning)|
|Examination scheme||Semester System|
|Eligibility||Bachelor’s degree in a finance related specialization|
|Admission Process||Management Entrance exam or Direct Admission in some cases|
|Course Fee||INR 50,000 to 1,50,000|
|Average Starting salary||INR 4,00,000 to 9,00,000|
|Job Areas||Tax Consultancies, Finance Departments etc.|
PGP in Tax Management: What is it About?
PGP in Tax Management is essentially designed to impart to eligible students an advanced learning in the various forms of taxes and ways to tackle issues related to them. Students are taught about Income tax, Sales tax, Service tax, VAT, Central Excise, besides various other forms of filing income tax returns.
The course curriculum broadly covers detailed information about the various acts and laws related to taxation, skill- building through live projects and field visits, all directed towards creating skilled tax professionals.
PGP in Tax Management: Who Should Opt?
Qualified graduates, preferably from the discipline of Chartered Accountancy, or professionals working in the field of taxation such as accountants and financial advisors are ideally suited to pursue this course. These days, investment banking as a field is a fast- growing field with an increasing number of people investing into saving taxes. This gives more relevance to PGP in Tax Management as an academic discipline.
Some of the skills ideal in candidates aspiring for pursuing the course are listed here:
Institutes offering the course, such as KPMG and Symbiosis, focus on training enrolled candidates in real world tax- related situations through Moots, Case Studies, and field visits. Their curricula focus on imparting both practical and theoretical knowledge in the specialization.
PGP in Tax Management: Course Duration
The duration of the course may range from 5 months to 1 to years. Most institutes last for a standard duration of 8 months. The duration generally depends on the frequency with which classes are held, and batch schedules.
Compiled here is a list of the top institutes in India offering the course along with their respective locations, eligibility conditions, admission processes, and fees charged by each.
|Name of Institute||City||Average Annual Fees in INR|
|KPMG||Mumbai, Delhi, Bangalore||50,000|
|Symbiosis Law School,||Pune||80,000|
|Imperia Centre for Advanced Learning||Ahmedabad||60,000|
|Sikkim Manipal University||Gangtok||54,000|
|Institute of Professional Accountants||Delhi||35,000 -60,000|
|Finplan International Institute of Management||Mumbai||60,000|
|Faculty of Law||Varanasi||60,000|
|Dr. V N Bedekar Institute of Management Studies||Mumbai||70,000|
Listed below are the basic minimum eligibility criteria needed to be satisfied by candidates aspiring to pursue the course:
Some institutes in the country offer the course in the mpart- time correspondence mode, and conduct no entrance tests for admission. Institutes like KPMG and Symbiosis take direct admissions and candidates can simply enroll by meeting the basic minimum eligibility criteria, submitting the application, depositing the fees.
Distance mode admission
The most popular institute in India among the ones that offer the course via the distance mode of learning is the Sikkim Manipal University. The tests for entrance are mostly held online and the students are not required to visit the campus as all the study material is provided by the concerned institutes online.
Some institutes offering the course in the distance learning mode have a set minimum strength for a batch, such as Symbiosis operates a batch of minimum 20 students for the course. Students can hence enroll for the course based on the availability of seats in an institute.
A semester- wise breakup of the course’s syllabus is given here:
Law Affecting Taxation
Central Excise Act 1944
Value Added Tax Act
Advanced Income Tax
Custom Act 1962
Central Sales Tax
State Minor Act
Foreign Exchange Management Act
Skill Building through the following ways
Most companies today manipulate accounts in a legal way so as to save taxes. The main advantage of the course is that it teaches students the tricks of the trade, which may eventually come handy during real- life application.
Numerous wealth managers and financial advisors are also taking up the course now to be better equipped in guiding clients for tax savings with better and more profitable investments, which is why the field promises good career prospects.
Depending on a postgraduate’s skills and experience in the discipline, salaries offered may vary.
Listed here are some of the popular job positions offered to successful postgraduates of the discipline with the corresponding job descriptions and salaries offered.
|Job Position||Job Description||Average Annual Salary in INR|
|Accountant||Responsible for preparing accounts and preparing incomes’ statements and tax- filings.||3,00,000 – 5,00,000|
|Assistant Wealth Manager||Responsible for assisting the wealth managers.||3,00,000 – 6,00,000|
|Financial Advisor||Responsible for drafting investment plans for clients||4,00,000 – 7,00,000|
|Tax Consultant||Responsible for providing financial and tax- related advice to clients.||1,97,972 – 7,39,471|