Overview
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.
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. 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.
Eligibility
· 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.
Admission Process
· 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.
Career
Prospects
There are enormous openings for work is 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, and Audit Assistant, and so on is a portion of the occupation profiles appropriate for applicants who have finished their B.Com degree in tax collection. Some of the popular employment areas for B.Com Taxation:
· Banks
· Budget Planning
· Business Consultancies
· Educational Institutes
· Foreign Trade
· Industrial Houses
· Inventory Control
· Investment Banking
| Job profile | Job description | Average salary | |
| Tax Examiner | To regulate and control financial mismanagement and ensure all taxes are collected as per the law | To regulate and control financial mismanagement and ensure all taxes are collected as per the law | 6,00,000 in 0-2 Years |
| Auditor | Auditors are specialists who review the accounts of companies and organisations to ensure the validity and legality of their financial records. They can also act in an advisory role to recommend possible risk aversion measures and cost savings that could be made. | Auditors are specialists who review the accounts of companies and organisations to ensure the validity and legality of their financial records. They can also act in an advisory role to recommend possible risk aversion measures and cost savings that could be made. | 6,87,948 in 0-2 Years |
| Actuary | An actuary analyses the risk possibilities of a financial activity and mitigate the involved risks. An actuary is mostly needed in the insurance sector and pension programs where the task is to use financial theories, statistics and mathematics to study uncertain future events. | An actuary analyses the risk possibilities of a financial activity and mitigate the involved risks. An actuary is mostly needed in the insurance sector and pension programs where the task is to use financial theories, statistics and mathematics to study uncertain future events. | 7,62,817 in 0-2 Years |
| Finance Manager | Finance Managers review financial reports, monitor accounts, and prepare activity reports and financial forecasts of the company. They also investigate ways to improve profitability and cut down costs. Their duties also include analyzing market trends for business opportunities such as expansion, mergers, or acquisitions. | Finance Managers review financial reports, monitor accounts, and prepare activity reports and financial forecasts of the company. They also investigate ways to improve profitability and cut down costs. Their duties also include analyzing market trends for business opportunities such as expansion, mergers, or acquisitions. | 9,00,000 in 0-2 Years |
| Income Tax Officer | The job is a public sector job which involves ensuring compliance of the taxpayer with the stipulated law in that regards. | The job is a public sector job which involves ensuring compliance of the taxpayer with the stipulated law in that regards. | 10,00,000 in 0-2 Years |
| Tax Consultant | The job of tax consultant involves tendering of advice to clients in regards to tax saving and tax benefits as per the legal mandate of the act. | The job of tax consultant involves tendering of advice to clients in regards to tax saving and tax benefits as per the legal mandate of the act. | 4,00,000 in 0-2 Years |
* Average salary are subjective to change based on various factors
