Income Tax Courses: Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope
Parul ThapaSenior Executive Content
Income Tax courses are designed to provide individuals with comprehensive knowledge of the taxation system, tax laws, and compliance regulations. Income Tax courses are beneficial for professionals like accountants, tax consultants, and financial planners, as well as business owners who want to manage their tax obligations effectively. Many institutes and online platforms offer Income Tax courses, often including practical case studies and assessments to enhance real-world application.
To be eligible for Income Tax courses, candidates must pass Class 12 in the Commerce stream with an aggregate of 50%. Admission to the Income Tax courses is majorly based on only Class 12 scores. Popular colleges offering Income Tax courses are Shivaji University, Telangana Mahila Viswavidyalayam, Dr. B.R. Ambedkar University of Social Sciences, New Delhi YMCA, etc. The average Income Tax course fees range between INR 50,000 and INR 3 Lakh.
On graduating with Income Tax courses, candidates can opt for job profiles such as Tax Consultants/Advisors, Tax Analysts, Income Tax Officers, Tax Managers, Corporate Tax Managers, etc. The average salary that a graduate of an Income Tax course can earn ranges between INR 3 LPA and INR 5 LPA.
Relevant Links for Income Tax Course:
Top Colleges of DU for BCom 2024: Category-wise Seats and Annual Fees
Top 50 Commerce Colleges: Highest and Lowest Cutoffs
- Income Tax Course Details
- 1.1 Why Study Income Tax Courses?
- Income Tax Course Eligibility Criteria
- Income Tax Course Syllabus
- 3.1 Online Income Tax Courses
- Best Colleges for Income Tax Course
- Income Tax Career Scope: Jobs Profiles, Average Salary and Top Recruiters
- 5.1 Income Tax Salary in India
- 5.2 Income Tax Course Top Recruiters
- Income Tax Course FAQs
Income Tax Course Details
The Income Tax courses are crucial for both individuals and professionals in various aspects. Taking Income Tax courses can lead to a variety of job prospects in financial planning, accounting, finance, and taxation.
Students can see the job profiles, average salary, course fees, top recruiters, eligibility, and colleges and make the decision relating to admission to the Income Tax courses accordingly.
| Particulars | Income Tax Course Details |
|---|---|
| Income Tax Course Levels | UG and PG |
| Income Tax Course Duration | 2-3 years |
| Income Tax Course Eligibility | UG: After Class 12 PG: After a Bachelor's degree |
| Income Tax Course Fees | INR 50000 - 3 Lakh |
| Income Tax Course Admission Process | Merit-Based |
| Income Tax Popular Colleges | Shivaji University, Telangana Mahila Viswavidyalayam, Dr. B.R. Ambedkar University of Social Sciences, New Delhi YMCA, etc. |
| Income Tax Jobs | Tax Consultants/Advisors, Tax Analysts, Income Tax Officers, Tax Managers, Corporate Tax Managers, etc. |
| Income Tax Top Recruiters | KPMG, Deloitte, ICICI, HDFC, Mahindra, Reliance, and so on. |
| Income Tax Average Salary | INR 2 LPA - 5 LPA |
Note: This information is sourced from the official website and may vary.
Relevant Information Related to Income Tax:
All India Bar Examination - Know Salient Features, Eligibility, Application Process, Pattern, COP
BCom in Accounting and Commerce
Career After CFA: Roles, Responsibilities, Job Profiles, CFA Salary
Why Study Income Tax Courses?
- Professional Growth: Gaining an understanding of income tax laws and regulations can lead to several profitable career options in the fields of accounting, finance, taxation, and financial planning.
- Financial Literacy: Being aware of tax rules gives people the essential information they need to manage their personal and corporate finances, make wise decisions, and take advantage of tax breaks.
- Professional Skills: Income tax courses improve professional talents and marketability by imparting practical skills in tax planning, preparation, and compliance.
- Client Services: Income tax proficiency enables people to provide customers with important services including tax planning, preparation, and guidance, which enhances their professional profile and clientele.
Quick Links Related to Income Tax Courses:
Preparation tips to clear CA course in first attempt
Q: What is Income Tax course all about?
Candidates aspiring to pursue the course must possess the desired taxation skills to enhance further skills desirable for career growth. Check the list of taxation skills that a candidate must have before enrolling for the course:
Ability to explain complex regulations in a way a common man can understand
Be comfortable with numbers
Time management; punctuality
Commercial awareness; dynamic with a situation
Problem-solving
Attention to details
Q: What is TDS in income tax?
The acronym TDS represents Tax Deducted at Source. It is a system whereby the payer deducts tax at the time that certain payments, like rent, interest, commission, and salary, are made. On behalf of the payment's recipient, the withheld tax is subsequently deposited with the government. TDS assists with tax collection all year long and guarantees a consistent stream of income for the government.
Q: What are Accounting courses?
Accounting course as a field of education is a wide arena. Accounting courses are available as academic as well as professional programmes. Accountants are responsible for managing the finances of several small and medium-sized organisations.
Creating balance sheets, profit and loss statements, and summarising the financial situation by gathering data are some of an accountant's general responsibilities. To become an accountant, students might pursue a Master of Commerce or Master of Business Administration degree.
Q: What are the main functions of Accounting?
Students can read the points mentioned below to know the main functions of Accounting:
Recording: The main function of accounting is to record all transactions in which the company participates. The confirmation of transactions and their records is called bookkeeping.
Summarising: The transaction log creates raw data. Pages and pages with raw data are not very useful for organizational decision-making.
Reporting: The management is responsible to investors for the company's condition, and owners must receive information about the activities funded by their funds on a regular basis, and therefore regularly send them reports.
Analysing: Finally, accounting includes analysis results; after summarizing and presenting the results in the report, meaningful conclusions must be drawn; management must know its pros and cons; accounting helps to compare; the usual practice is to compare income, cash, and sales analysis of business performance.
Q: What is the main objective of Accounting?
Accounting is an art of recording, classifying and summarising in a significant manner, and in terms of money, transactions and events which are in part at least, of a financial character and interpreting the result there of.
By analysing this definition you will find the objective as:
- Recording of transactions
- Analysing of transactions
- Summarising of transactions
Income Tax Course Eligibility Criteria
Those looking to advance their financial knowledge and abilities, as well as professionals, students, and entrepreneurs, can all enrol in income tax courses. The eligibility criteria for Income Tax courses vary at different levels.
Candidates must adhere to the prescribed eligibility criteria of the Income Tax courses for successful admission to the desired institute/university.
| Income Tax Course Levels | Income Tax Course Eligibility |
|---|---|
| UG |
|
| PG | To be eligible for Post-Graduation in Taxation programme, candidates must be graduates of BCom with an aggregate minimum percentage of 50-60%. |
Note: This information is sourced from the official website and may vary.
Q: Is maths subject compulsory in graduation to become an income tax inspector?
Q: Can I become an income tax inspector after BA in correspondence?
Q: I am a B.Com computer student of 1 st year and want to prepare for civil exam for income tax post. How and what should I prepare?
Q: Is a B.A. LL.B graduate eligible to become an income tax advocate?
Q: Can I do Accounting course without any entrance exams?
Hi, yes you can do Accounting without any entrance exam. You can refer below the best Accounting colleges in India that accept students without any entrance exams:
| College Name | Tuition Fee | Eligibility / Exams |
|---|---|---|
| MIT-WPU | INR 4.05 lakh | CBSE 12th, ISC, Maharashtra HSC |
| Parul University | INR 2.96 Lacs - INR 3.75 lakh | CBSE 12th, ISC, GSEB HSC |
| IGNOU | INR 8,100 - INR 10,000 | CBSE 12th, ISC |
| Guru Nanak University Hyderabad | INR 1.8 lakh | CBSE 12th, TSBIE |
| Parul University Mumbai | INR 3.76 lakh | CBSE 12th, ISC, Maharashtra HSC |
Income Tax Course Syllabus
Income Tax courses typically cover topics such as income tax calculations, tax return filing, deductions, exemptions, and tax planning strategies.
A typical undergraduate (UG) Income Tax course syllabus covers a wide range of topics about tax laws, processes, and principles. An overview of the Income Tax course subjects you might study is provided below:
| Income Tax Course - Semester 1 Subjects |
||
|---|---|---|
| Definition and principles of taxation |
Types of taxes | Objectives of Taxation |
| Basics of Income Tax |
Overview of income tax laws |
Taxable vs. non-taxable income |
| Income Tax Course - Semester 2 Subjects |
||
| Different types of income (salary, business income, capital gains, etc.) |
Tax treatment of various income sources | Calculation of taxable income after deductions |
| Exclusions and deductions from income | Deductions and Exemptions |
Standard deduction vs. itemized deductions |
| Income Tax Course - Semester 3 Subjects |
||
| Tax Credits |
Types of tax credits (e.g., child tax credit, education credits) | Calculation and application of tax credits |
| Tax Planning |
Strategies for minimizing tax liabilities |
Tax planning for individuals and businesses |
| Income Tax Course - Semester 4 Subjects |
||
| Tax Compliance |
Procedures for filing tax returns |
Penalties for non-compliance |
| Taxpayer responsibilities and obligations | Recent Developments in Taxation |
Updates on changes in tax laws and regulations |
Online Income Tax Courses
Online Income Tax courses provide a convenient way for individuals and professionals to deepen their understanding of tax regulations, filing procedures, and compliance strategies. Designed to be flexible, Online Income Tax courses allow learners to study at their own pace, making them suitable for working professionals, students, and those seeking career advancement.
Candidates can check the table below to see the list of available Online Income Tax courses in India.
| Online Income Tax courses | Offered by | Total Fees |
|---|---|---|
| Income Tax Preparer Certificate | Wake Tech | 3.63 Lakh |
| Finance Foundations: Income Taxes | Linkedin Learning | 1,400 |
| Centre for Online Education - BCOC-136 Income Tax Law and Practice | Swayam | NA |
| Income Taxation in Personal Financial Planning | UCLA Extension | 57,123 |
| Certification in Fixed Income & Interest rate futures | Emeritus | NA |
Helpful Links for Income Tax Course:
All about CMA Courses, Eligibility, Fee and Career Scope
CA Pass Percentage 2024: Check Highest Marks in CA Foundation, Final and Intermediate
Q: What are the main subjects in Income Tax courses?
The main subjects in Income Tax courses are:
Basic of Income Tax, Major Head of Income, Tax Forms, New & Old Tax Scheme
Concept of Business Income, Calculation of Income from Business & Profession
Depreciation under the Income Tax, Important Rate & Calculation of Depreciation
Calculation of Allowed Expenses under the IT Act, Import Section of the Act
Books of Account &, Documents & Maintenance of Books of Accounts
Audit of Books of Account under the IT act & Exemption from the Audit
Benefit & Disadvantage of Presumptive Taxation under the Income Tax
Tax Deducted at Source (TDS) Basic, TDS Rate and TDS Provisions
Tax Deducted at Source (TDS) Due Dates & Penalty
Q: Can I learn accounts and income tax in one year if I belong from differ background and choose MBA in finance afterwards?
Best Colleges for Income Tax Course
In India, several institutions are offering Income Tax courses, both at undergraduate and postgraduate levels. The colleges offering Income Tax courses provide a robust foundation in tax laws, accounting, and finance, making them great choices for those pursuing a career in Income Tax specialization.
Candidates can check the table below to see the list of the best colleges offering Income Tax courses.
| Income Tax Colleges | Income Tax Course Fees |
|---|---|
| Shivaji University | 8 K |
| Telangana Mahila Viswavidyalayam | 48 K |
| Dr. B.R. Ambedkar University of Social Sciences | 3.04 K |
| New Delhi YMCA | 25 K |
| Idyllic Institute of Management | 1.35 L |
| Alpha Arts and Science College | 80 K |
| Royal College of Management Studies | 2.7 L |
| Sunstone: Sharda University | 5.79 L |
| IASE Deemed University- Institute of Advanced Studies in Education | 3 K |
Note: This information is sourced from the official website and may vary.
Suggested Income Tax Course readings:
Career After BCom: Jobs, Salary, Courses
Q: What are the best International Accounting colleges in Delhi?
In Delhi, several institutions are recognised for offering strong programs in International Accounting and related fields.
Here are some notable colleges and universities known for their International Accounting courses:
International Accounting Colleges | International Accounting Course Fees |
|---|---|
2.5 L | |
3.21 L | |
12.49 L | |
8.8 L | |
School of Business Management, Noida International University | 3.3 L |
Q: Which are the good institutes offering online accounting classes?
Q: What are the top Accounting colleges in India with good placements?
The table below shows the average placement package offered by top recruiters who participated in top Accounting colleges in India:
College Names | Average Placement Package | Top Recruiters |
|---|---|---|
| Narsee Monjee College of Commerce & Economics Placements | INR 3 LPA - INR 5 LPA | Wipro, MGH Logistics, PwC, Deloitte, etc. |
| Kishinchand Chellaram College Placements | INR 3 LPA - INR 6 LPA | Taj Group, Infosys, IBM, Axis Bank, Wipro, etc. |
| Symbiosis Centre for Management Studies Placements | INR 7 LPA | KPMG, Deloitte, Barclays, Zomato, ICICI Bank, etc. |
| Ramanujan College, University of Delhi Placements | INR 4 LPA | McKinley Rice, Deloitte, EY, NTT Data, etc. |
| Management Development Institute Gurgaon Placements | INR 26 LPA | Colgate, ITC Limited, Infosys, Deloitte, Goldman Sachs, etc. |
Popular Private Income Tax Colleges in India
Income Tax Career Scope: Jobs Profiles, Average Salary and Top Recruiters
The career scope after Income Tax course in India is vast and promising, driven by the country's growing economy and increasing tax compliance requirements. Income Tax course graduates can explore diverse roles in both the public and private sectors.
Opportunities range from becoming an Income Tax Officer in the government to working as a Tax Consultant or Analyst for businesses and individuals. With the rising complexity of tax laws, the demand for skilled tax professionals is on the rise, offering lucrative career paths in corporate tax management, financial planning, and advisory services.
Additionally, independent tax consultants can build successful practices by helping clients with tax planning and compliance.
Income Tax Salary in India
After completing Income Tax courses in India, several job profiles and career opportunities are available. Each of the Income Tax jobs can vary in requirements and responsibilities, so pursuing relevant certifications and practical experience is often beneficial.
Students can see the below table to learn the job profiles and average salary after Income Tax courses:
| Income Tax Jobs | Description | Income Tax Salary |
|---|---|---|
| Tax Consultants/Advisors | Provide expert advice on tax-related issues, help clients with tax planning, and ensure compliance with tax laws. | INR 2.9 LPA |
| Tax Analysts |
Analyze tax returns and financial data to ensure accuracy and compliance. They also assist in preparing tax filings. | INR 5.3 LPA |
| Income Tax Officers | Work with the Income Tax Department, conducting assessments, audits, and investigations related to income tax. | INR 7.4 LPA |
| Tax Managers | Oversee a team of tax professionals, and manage tax compliance and planning strategies for individuals or businesses. |
INR 10.9 LPA |
| Corporate Tax Managers | Handle tax planning and compliance for corporations, ensuring adherence to tax laws and optimizing tax liabilities. | INR 10.9 LPA |
Note: This information is sourced from multiple sources on the web. Hence, is subject to vary.
Income Tax Course Top Recruiters
Income Tax graduates can find jobs in the Income Tax Department. The Government of India recruits candidates for various posts. Besides, they can find employment in many private companies like:
| Top Recruiters for Taxation | ||
|---|---|---|
| Accenture |
Amazon |
PWC |
| Deloitte |
Bosch Ltd |
Bata India |
| Ernst & Young |
Feedback Infra Pvt |
Decathlon |
| Axis Bank |
Verizon |
Wipro |
| Nestle |
Parle Agro |
IBM |
Q: How can I become an income tax officer?
To become an income tax officer:
Obtain a bachelor's degree from a recognized university.
Clear competitive exams conducted by tax authorities or government agencies.
Undergo training at designated institutions.
Complete a probationary period before appointment.
Pursue professional development for skill enhancement.
Progress through promotions and transfers within the Income Tax Department.
Q: What is the job role of an income tax officer?
An income tax officer's duties include:
Ensuring that people and corporations abide by tax laws and regulations is known as tax compliance.
Tax assessment: Examining tax returns to ascertain whether income claims and taxes paid are accurate.
Investigations: Looking for signs of fraud or tax evasion through audits and investigations.
Enforcement: Taking legal action and imposing fines on those who escape paying taxes.
Taxpayer help is the provision of support and direction to taxpayers regarding matters about taxes.
Q: What is the per month salary offered to an income tax officer?
Q: Can a B.Com student become an Income Tax Officer?
Yes, a BCom student can become an Income Tax Officer. After completing their BCom degree, students are eligible to appear for the Staff Selection Commission Combined Graduate Level (SSC CGL) exam, which is the primary route to becoming an Income Tax Officer in India.
The exam consists of multiple tiers, including objective tests, descriptive papers, and sometimes skill tests, all designed to assess a candidate's knowledge, reasoning, and aptitude. With dedicated preparation, especially in areas like general knowledge, quantitative aptitude, and English, a BCom graduate can successfully clear the SSC CGL exam and embark on a career as an Income Tax Officer.
Q: Can I know what is the job profile of Assistant Commercial Tax Officer?
Q: What would be the expected salary of an income tax inspector after their seventh pay commission?
Income Tax Course FAQs
Candidates can refer below for Income Tax course FAQs.
Q: Are Income Tax officer exam difficult after BCA due to lack of maths?
Q: Which books should I read to become an income tax inspector?
Q: I am a +2 commerce student. I want to give papers for the income tax department. Which course or degree should I do?
Q: My eye sight is (-3). Is it allowed for GST and income tax inspector?
For GST and income tax inspectors, the vision requirements are as follows:
Visual Acuity: The unaided visual acuity should be not less than 6/6 in each eye. Corrective spectacles are permitted during the visual test.
Colour Vision: Defects in colour vision are not suitable for the post of Inspector GST in CBIC.
In your case, since your vision can be corrected to a standard, you are eligible for the post
Popular Income Tax UG Courses
UG Courses
- B.Com
9 Colleges
- UG Diploma
2 Colleges
Popular Income Tax PG Courses
PG Courses
- M.Com
1 College
Popular Exams
13 Nov ' 24 | CA Final November 2024 Group II Paper III |
11 Nov ' 24 | CA Final November 2024 Group II Paper II |
9 Dec ' 24 | CA Inter Jan 2025 Mock Test - Series 2 Paper 1 |
10 Dec ' 24 | CA Inter Jan 2025 Mock Test - Series 2 Paper 2 |
Jun '24 | CT SET 2024 Counselling Start TENTATIVE |
Jun '24 | CT SET 2024 Result TENTATIVE |
20 Dec ' 24 | CA Foundation Mock Test - Series 1 Paper 1 |
21 Dec ' 24 | CA Foundation Mock Test - Series 1 Paper 2 |
News & Updates
Student Forum
Anything you would want to ask experts?Answered 2 months ago
The acronym TDS represents Tax Deducted at Source. It is a system whereby the payer deducts tax at the time that certain payments, like rent, interest, commission, and salary, are made. On behalf of the payment's recipient, the withheld tax is subsequently deposited with the government. TDS assists
P
Contributor-Level 10
Answered 2 months ago
An income tax officer's duties include:
Ensuring that people and corporations abide by tax laws and regulations is known as tax compliance.
Tax assessment: Examining tax returns to ascertain whether income claims and taxes paid are accurate.
Investigations: Looking for signs of fraud or tax evasion thr
P
Contributor-Level 10
Answered 2 months ago
The main subjects in Income Tax courses are:
Basic of Income Tax, Major Head of Income, Tax Forms, New & Old Tax Scheme
Concept of Business Income, Calculation of Income from Business & Profession
Depreciation under the Income Tax, Important Rate & Calculation of Depreciation
Calculation of Allowed Expe
P
Contributor-Level 10
Answered 2 months ago
Candidates aspiring to pursue the course must possess the desired taxation skills to enhance further skills desirable for career growth. Check the list of taxation skills that a candidate must have before enrolling for the course:
Ability to explain complex regulations in a way a common man can under
P
Contributor-Level 10
Taking an Exam? Selecting a College?
Find insights & recommendations on colleges and exams that you won't find anywhere else
On Shiksha, get access to
- 63k Colleges
- 962 Exams
- 606k Reviews
What is TDS in income tax?