Career, Scope and Opportunities in Tax Consultant

By | October 13, 2020
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Tax Consultant

Tax is a legal word for contributing towards nation’s overall growth and development. A tax is a financial charge or other levy which an individual or a legal entity has to pay to a state or a functional equivalent of a state. Taxes are also imposed by many sub national entities. Tax is either direct tax or indirect tax, and could be paid in money or as its equivalent. Tax is financial burden upon people or their possessions to support the government a payment exacted by legal authority.

tax consultant

Key to Success

To be successful in TAX you should have/ develop:

  • Love for mathematics
  • Quick learner
  • Attention to Details
  • Excellent Communication Skills
  • Computer literate

Scope and Opportunities

Commerce graduates can join as junior accountant or trainee. As they gain experience and learn and practice the accounting rules they can choose career in many ways in India as well as Abroad. They can either take:

  • Government Jobs
  • Private companies
  • Public Limited companies
  • Tax Advisor, Tax Consultancy
  • Tax Associate (or) they can have their own companies to provide consultation work.

Lifestyle & Social Status

  • Indoor job
  • Long working hours
  • Travel depending on work
  • Well paid with experience

Job Profile

Individual Tax Prep Clerk – Filing TAX returns, assisting during audit.

Certified Public Accountant - They make the financial statements for individuals, companies and partners.

Tax Accountant - prepare and review of central and state and local income tax returns

Tax Manager - Responsible for managing the tax department

Assistant Controller - Tax Administration and Grants and Contracts

Skill sets

  • Sales skills
  • A strong work ethic;
  • Analytical skills;
  • Ability to synthesize
  • Creative ability
  • Initiative

Work Value

  • Quick Focus
  • Very active social life
  • Visual acuity

Current Job Scenario

Like every other field this field is also growing rapidly. Professional working as tax officers are appointed in every sector of the industry. They are paid well. they also go for audits where they get added perks.

 Top Recruiters

  • Ernest & Young
  • Jiya and Associates
  • MK Tyagi and Co
  • Chatrath Capital Services
  • Singh Agarwal & Associates
  • S C Bhagat & Company
  • Agarwal Kamal Kumar & Associates

Course Synopsis

Course Options DTL Bachelors in Accounting and Taxation

 

Academic Eligibility 10th / +2 (Higher Secondary students) with any group as the majors are eligible for these programs  
Fees Rs. 5,000 to Rs. 10,000 Rs. 55000/ year-
Overall expenditure in Metro and Tier-1 Rs. 70K -90K Per/Year Rs. 2 Lakhs- Rs. 2.5 Lakhs
Overall expenditure in Tier-2 Rs. 45K – Rs. 50K Per/Year Rs. 1.25 Lakhs to Rs. 1.75 Lakhs
Duration 1 Year (3 Years)
Mode Regular Regular
Approved UGC UGC
Affiliation Respective University Respective University

Career prospect

  1. Prosecutor
  2. Tax assistant
  3. Inspector
  4. Assistant commissioner  of  income tax

Entrance Exam

  • CPA

Success stories

  1. https://www.youtube.com/watch?v=dgHnoy6PFrE
  2. https://www.youtube.com/watch?v=qEFj3w7SCSw
  3. https://www.youtube.com/watch?v=KJyarOfX764
  4. https://www.youtube.com/watch?v=tuyQeUAPpAw
  5. https://www.youtube.com/watch?v=5CreFJbbUSg
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