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.
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
- Prosecutor
- Tax assistant
- Inspector
- Assistant commissioner of income tax
Entrance Exam
- CPA
Success stories