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B.Com Taxation Course - Check Taxation Course Fees, Admission, Eligibility, Duration, Colleges, Career & Scope 2024

Update on 18 Apr, 2024

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B.Com Taxation Course - Check Taxation Course Fees, Admission, Eligibility, Duration, Colleges, Career & Scope 2024-here

BCom Taxation Course

Bachelor of Commerce in Taxation Course is an undergraduate full-time course in accounts. The course duration is 3 years.

This course includes the investigation of standards of:

  1. bookkeeping,
  2. monetary arranging, and 
  3. monetary hypothesis alongside a specific concentrate on tax assessment which is named as a process of imposing a financial charge as the tax on the concerns who earn ‘taxable’ income.

The students are taught the details of indirect taxes like customs & central excise tax, wealth tax, etc. On completion of this course, the students become competent to perform well in banking, financial institutions, accounting, marketing services, and so on.

B.Com Taxation enables the graduate students qualified to work in Accounts and Finance bureaus of different firms & organizations, banks, government divisions, and offices, instructive establishments, and various different sorts of associations. The approx. starting salary offered to B.Com Taxation degree holders ranges from INR 3 to 12 Lacs.

B.Com Taxation Course: Highlights

  • Degree Name: Bachelor's Degree
  • Full-Name: Bachelors of Commerce in Taxation Course
  • B.Com Taxation Course Duration: Course Tenure of Bachelor of Commerce B.Com Taxation is 3 Years.
  • B.Com Taxation Course Age Criteria: Between 17-23 years
  • Minimum Percentage for B.Com Taxation Course: 50%
  • Minimum Education Required: 10+2 intermediate from a Recognized Educational Board preferably in the commerce stream
  • Approx. Fees Incurred: INR 7K - 90K per annum
  • Alike Options of Study: B.Com Corporate Secretaryship, B.Com Accountancy & Finance,B.Com Taxation & Finance, etc.
  • Approx Salary Offered: INR 6 Lacs per annum
  • Employment Profiles: Accountant, Operations Manager, Lecturer, Financial Analyst, Finance Manager, Account Executive, Executive Assistant, Chartered Accountant, Accounts Assistant, SAP Consultant, etc.
  • Placement Possibilities: Tata Consultancy Services Limited, Genpact, Accenture, EY (Ernst & Young), J.P. Morgan Chase & Co. (JPMCC), HDFC Bank Pvt Ltd, HSBC, Capgemini, Wipro, Amazon.com Inc, Kotak Mahindra Bank, etc.

B.Com Taxation Degree: Overview

  • B.Com Taxation Course is an undergraduate Commerce Accountancy Program.
  • Bachelor of Commerce in Taxation course is usually a full-time three academic year degree course & the B.Com Taxation syllabus is divided into 6 semesters.
  • The course includes the investigation of standards of bookkeeping practices, monetary arranging, & monetary hypothesis alongside a specific concentrate on tax assessment.
  • Those who are desiring to join teaching fields at a higher degree level i.e. colleges & universities both in private & government institutions can go for it.
  • Candidates must have a teamwork spirit & good communication & interpersonal skills.
  • Students must possess good Mathematical skills and account knowledge.
  • The minimum eligibility criteria for pursuing a B.Com Taxation is qualifying 10+2 or equivalent examination from a recognized educational board or its equivalent.
  • After the B.Com Taxation Degree is completed one will possess an excellent foundation in financial analysis,  analysis & creative thinking, & also good communication and interpersonal skills & can find job opportunities.

B.Com Taxation degree holders are in a state to acquire the status of a government employee who is regarded as a top-notch job, above the ordinary people in terms of both post & power.

Bachelor of Commerce in Taxation course makes students for a professional qualification in taxation, accounting & finance, and provides a solid foundation in the field of Taxation, and Accounting, & Finance, thus making it easier to acquire a leadership or managerial role in the financial sector.

It has been mentioned in a number of recent surveys that more &more students are now picking up the degree that enables them to establish a good career in taxation fields.

The taxation assessment is a program Assorted angles on various sorts of expenses, for example:

  1. Income assets, 
  2. GST Goods and service tax,
  3. Property Tax, and so forth are secured. The substudies are presented with subtle elements of backhanded assessments like traditions & focal extract charge, riches impose, and so on.

B.Com Taxation Degree: Important Details

  • B.Com Taxation is an undergraduate course in accountancy in which standards of bookkeeping, monetary arranging, and monetary hypothesis with a specific concentrate on tax assessment which is named as a process of imposing a financial charge or tax on the concerns who earn ‘taxable’ income are taught.

Taxation is the craft of:

  1. recording, 
  2. classifying, and

summarizing in a significant manner and in terms of money, transactions, and events so that to assess how much of one's income has to be paid to the government for meeting the tax requirements.

  • The foundation of the Administrative & Functional responsibilities of a state is formed by the Taxation and revenue collections, so a state works on the resources collected from citizens in the form of taxes.
  • The B.Com Taxation degree is picked up more by the students as it opens many job possibilities after its successful completion & it is always in demand as it is the backbone of every business entity.

Reasons to Choose B.Com Taxation

  • One can find infinite career opportunities in the financial sector after the completion of the course. The course study helps the candidate to attain adequate skills in data handling & quantitative techniques related to accounting & finance.
  • Those who have successfully completed these courses can have huge scope both with regard to higher education & career. Or can also go for government jobs as government accountants.
  • Master's degree courses in the relevant area of interest help the candidate to build a strong career in the banking or financial service sector.
  • Students who are interested in taxation & financial administration & those who have a career as a Tax consultant in mind should choose this course, where they are responsible for developing and managing organizations’ financial plans.

B.Com Taxation Course Eligibility Criteria

  • The essential basis for the Bachelor of Commerce Taxation Course Eligibility degree is qualifying 10+2 or intermediate or any other relevant examination in any stream from a recognized board.
  • Some of the colleges & organizations demand at least 50% marks in aggregate in the above subjects at 10+2 level.
  • The basic eligibility marks required for admission in this course may vary from one college to another college. In various colleges, entrance exams are conducted plus interviews & the percentage of 12th class for the admission of students.

B.Com Taxation Course Admission Process

  • The details on the B.Com Taxation course admission process will be conducted toward the start of every academic year.
  • The admission process varies from institute to institute. One may apply online or offline mode as required by the college seeking admission.
  • There are colleges that propose direct admission to the course on the basis of:
  1. merit and
  2. personal interview

The Aspirants need to pay a particular amount of fees. Once the application form is properly filled and submitted, the admission fees must be submitted before the end date.

B.Com Taxation Course Fees

The approx. tuition fee charged in India for B.Com Taxation Course Fees ranges around INR 4 lacs for private institutes but is as low as INR 7,000. Mainly an average student gets to complete this course somewhere between INR 7,000 to INR 90,000.

B.Com Taxation Course Duration

B.Com Taxation is usually a 3-year full-time academic degree course and the B.Com Taxation Course syllabus is divided into 6 semesters. The theoretical and practical aspects of the entire syllabus are divided into a systematic semester program that is taught to the students in a well-planned way.

B.Com Taxation Course Colleges and Institutes

Enlisted are some of the best B.Com Taxation Colleges and Institutes in India that offer this course:

Name of the Colleges Place Annual Fees
St. Albert's college Ernakulam, Kerala 24,000
Sacred Heart College Ernakulam, Kerala 35,000
St Teresa's College Ernakulam, Kerala 20,000
Career College Bhopal 22,000
Bharata Mata College, Chennai Kochi 25,000

B.Com Taxation Syllabus & Subjects

1st Semester 2nd Semester
Indian Tax System-1 Indian Tax System-2
Income Tax Law Procedure Financial Accounting
Fundamental Principles of Accounting Partnership Accounting
Business Mathematics Business Regulatory Framework
Sale of Goods Act Indian Contract Act Business Communications
Business Organization -
3rd Semester 4th Semester
Income Tax Procedure & Practices-1 Income Tax Procedure & Practices-2
Wealth Tax & Vat Procedure and Practices Advanced Statistics
Basics of Company Accounts Wealth Tax & Vat Procedure and Practices
Theory and Practice of Cost Advanced Corporate Accounts
Indian Company Act Advance Cost Accounts
Principles of Statistics Principles of Management
5th Semester 6th Semester
Central Excise Procedure & Practice-1 Central Excise Procedure & Practice-2
Custom Procedure &-1 Custom Procedure & Practice-2
Income Tax for Individuals Income Tax for Business
Accounting for Managers Indirect Tax
Financial Management Auditing
Marketing Management Human Resource Management

B.Com Taxation Course Scope

There is an enormous B.Com Taxation Scope for work. With the chance of holding a degree in this field, students can take up for a vocation in both private & government parts. Professionally graduates can likewise select showing employment in schools and colleges.

  1. Back Executive,
  2. Accounts Assistant,
  3. Audit Assistant, and
  4. many more are a part of the occupation profiles appropriate for applicants who have finished their B.Com Taxation degree in tax collection.

In India, the basic salary of a taxation officer is between Rs. 4 to 6 lacs every year while abroad, graduates can gain a normal pay of more than $58 k every year.

Some of the famous employment areas for B.Com Taxation are:

  • Banking sector
  • Budget Planning
  • Business Consultancies
  • Educational Institutes
  • Foreign Trade
  • Industrial Houses
  • Inventory Control
  • Investment Banking
  • Marketing
  • Merchant Banking
  • Public Accounting Firms
  • Working Capital Management
  • Policy Planning
  • Public Accounting Firms
  • Treasury and Forex Department

B.Com Taxation Course graduates are hired in profiles such as:

  • Tax Assistants
  • Auditors
  • Actuaries
  • Book Keepers
  • Budget Analysts
  • Business Consultants
  • Certified Public Accountant
  • Chartered Management Accountant
  • Chief Financial Officer
  • Cost Estimators
  • Entrepreneurship or Own Business
  • Finance Managers
  • Financial Analyst
  • Human Resource Managers
  • Investment Analysts
  • Marketing Managers
  • Personal Financial Advisor
  • Stock Brokers
  • Teacher or lecturer

B.Com Taxation Course Jobs

Some of the finest B.Com Taxation Course Jobs for graduates are:

  • Tax Assistants
  • Finance Managers
  • Financial Analyst
  • Bookkeepers
  • Budget Analysts
  • Business Consultants
  • Certified Public Accountant
  • Chartered Management Accountant
  • Human Resource Managers
  • Auditors
  • Actuaries
  • Chief Financial Officer
  • Cost Estimators

Sectors of Recruitment for B.Com Taxation

  • Banking Sector
  • Inventory Control
  • Investment Banking
  • Educational Institutes
  • Foreign Trade
  • Treasury and Forex Department
  • Industrial Houses
  • Working Capital Management
  • Policy Planning
  • Marketing
  • Merchant Banking
  • Public Accounting Firms
  • Budget Planning
  • Business Consultancies
  • Public Accounting Firms

Job Profile, Job Description & Salary for B.Com Taxation Course Graduates

Tax - Consultant

  • Job Description: A Tax Consultant instructs its customers on expenditure options, including how to legitimately bring down duty obligations or how to figure charges in light of their speculations. Charge experts may plan & finish customer government forms & help customers in finding the correct derivations, credits, & alterations in light of their money-related circumstances.
  • Approx. Annual Salary in INR: INR 3 to 8 Lacs

Actuary

  • Job Description: Actuary uses measurable systems & scientific aptitudes to evaluate the likelihood of an occasion & its money-related results.
  • Approx. Annual Salary in INR: INR 3 to 5 Lacs

Book - Keepers

Job Description

Creates a framework to represent money-related exchanges by building up an:

  • outline of records;
  • characterizing accounting approaches &
  • methodology.

Keeps up auxiliary records by checking, designating, & posting exchanges. Balances auxiliary records by adjusting passages.

  • Approx. Annual Salary in INR: INR 2 to 5 Lacs

Finance Officer

  • Job Description: Handle & prepare money-related and business frames with the end goal of financial records adjustment, encouraging buys, & so on. Performs routine computations to deliver examinations & reports as asked for by the bank executive. Gather & enter information for different monetary spreadsheets.
  • Approx. Annual Salary in INR: INR 4 to 12 Lacs

Conclusion:

Dear Aspirants, we have tried to provide you with all the necessary information regarding the B.Com Taxation Course. This will help you in taking your career decision properly and efficiently keeping in mind all the aspects of the course. Hoping for the best for your career and future endeavors.

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