Taxation Law generally related to tax collection on income, personal property, real property, etc. A tax is a charge by the government on the income of an individual, corporation or trust, as well as the value of an estate or gift. The different areas of taxes, the techniques of taxation and its effect on different sectors are given an in-depth knowledge of tax laws in business planning, estate planning, corporate and financial sectors as well as into the different areas of federal tax law.
Top Colleges:
- Amity University, Noida
- Tamil Nadu Dr Ambedkar University, Chennai
- Indian Institute of Technology (IIT), Kharagpur
- Government Law College, Kozhikode
- Institute of Chartered Financial Analysts of India (ICFAI), Hyderabad
- Guru Nanak Dev University, Amritsar
- Bharathiar University, Coimbatore
- Siddharth Law College, Gandhinagar
Highlights:
| Course Name | Taxation Law |
|---|---|
| Course level |
Diploma in Taxation Law LLM in Taxation Law |
| Examination Type | Semesters |
| Eligibility |
Diploma in Taxation Law The student should have completed its 10+2 from a recognized college or institution
LLM in Taxation Law No entrance examination is conducted for admission to the program is merely based on marks secured in the final test. |
| Admission process | Merit-Based |
| Top Recruiters | Government Organisations, Private Financial Companies, Law Suites, Law Consultancies, Multi-National Companies like Google, Amazon, Hdfc bank, etc |
| Job Positions | Tax Analyst, Tax professionals, Professors, Law Clerk, Financial advisors, etc. |
Courses and Eligibility:
Course |
Duration |
Eligibility |
Entrance |
|---|---|---|---|
| Diploma | 1 year | 10+2 pass out, | Institute For Excellence In Higher Education Entrance Exam, PRIN. L. N. Welingkar Institute Of Management Development & Research Entrance Exam, Sree Narayana Guru College Of Commerce Entrance Exam |
| LLM | 2 years | Bachelor’s degree in Law (LLB) with a minimum aggregate of 45% (40% for candidates belonging to SC/ST category) from a recognized university | No entrance examination is conducted for admission to the program is merely based on marks secured in the final test. |
Top Recruiters:
- Amazon
- Snapdeal
- Flipkart
- Adobe
- Reliance
- Hdfc bank
- Just dial
- Apollo
- Genpact
- Motorola
- Newgen
- HP
- Dell
- ITC Infotech
- Godrej
Admission Process:
The admission process to this course depends on the eligibility criteria prescribed by different colleges and universities. Admission to the LLM course is based on the marks required in the LLB program that is 45% and there is no such entrance examination held for admission to the program.
For admission to the diploma course, candidates should have to fulfill the common eligibility criteria and by a common entrance test led by respective colleges and universities. Students are advised to visit the official page for more information regarding the admission process, counseling, etc.
Syllabus:
- General Principles of Taxation
- Principles of Taxation and Income Tax Laws
- Other Tax Laws
- Indirect Tax Laws
- VAT and Allied Laws
- Direct Tax Laws
- Tax Litigation
- International Taxation
- State and Local Body’s Tax
- Tax on Intellectual Property & E-commerce
- Corporate Tax
Skills Required:
- Excellent oral and written communication skills
- Analytical and critical thinking
- Accounting and math skills
- Time management
- Commercial awareness
- Problem-solving skills
- Organization
Top Entrances:
- CLAT
- AILET
- AIBE
- Institute For Excellence In Higher Education Entrance Exam
- Sree Narayana Guru College Of Commerce Entrance Exam
- PRIN. L. N. Welingkar Institute Of Management Development & Research Entrance Exam
- IPU-CET Law
Career Prospects:
Job Post |
Job Description |
Salary |
|---|---|---|
| Tax Analyst | help companies and high-wealth individuals file tax returns, ensuring that they are in compliance with local, state, and federal laws. | 3 lakhs to 4 lakhs |
| Tax professionals | Prepare tax returns for clients, adjustments, and credits to keep client’s taxes at a minimum level, interview clients for gaining additional information, to make deductions | 2.5 lakhs to 4.2 lakhs |
| Professors | Impart knowledge of the subject using different tools and techniques. | 2 lakhs to 4 lakhs |
| Tax Consultants | experts in tax law, planning and compliance, serve businesses and individuals alike by staying current on new tax law and positioning taxpayers for short and long term tax optimization | 3.5 lakhs to 5.5 lakhs |
| Law Clerk | Conduct legal research, proofread orders and opinions, verify and communicate the decisions to the council, prepare memos, draft orders. | 2 lakhs to 3 lakhs |
| Tax Counsel | advise corporations and high net worth individuals with respect to all areas of tax law on a day-to-day basis, monitor legislative developments and advise clients with respect to the potential impact of pending legislation on their businesses and their personal finances | 3 lakhs to 6 lakhs |
| Financial advisors | Answering client questions about financial plans and strategies and giving financial advice. Advising strategies for clients in insurance coverage, investment planning, cash management, and other areas to help them reach financial objectives | 5.5 lakhs to 8.5 lakhs |
FAQs:
Q: What is the Taxation Law?
A: Taxation Law generally related to tax collection on income, personal property, real property, etc.
Q: What are the entrances for diploma in Taxation Law?
A: The entrances for Taxation Law are-
- Institute For Excellence In Higher Education Entrance Exam
- Sree Narayana Guru College Of Commerce Entrance Exam
- PRIN. L. N. Welingkar Institute Of Management Development & Research Entrance Exam
- IPU-CET
- SET
Q: What is the eligibility criteria to apply for LLM in Taxation Law?
A: The eligibility criteria for LLM in Taxation Law is to have Bachelor’s degree in Law (LLB) with a minimum aggregate of 45% (40% for candidates belonging to SC/ST category) from a recognized university.
Q: What is the job role of a Tax Analyst?
A: The Tax analysts help companies and high-wealth individuals file tax returns, ensuring that they are in compliance with local, state, and federal laws.
Q: What is the average salary of a Financial advisor?
A: The average salary of a financial advisor is around 5.5 lakhs to 8.5 lakhs.
Q: What are the skills required to build a career in Taxation Law?
A: The skills required to build a career in Taxation Law are-
- Excellent oral and written communication skills
- Analytical and critical thinking
- Accounting and math skills
- Time management
- Commercial awareness
- Problem-solving skills
- Organisation
Q: What are the top colleges for Taxation Law?
A: The top colleges for Taxation Law are-
- Amity University, Noida
- Tamil Nadu Dr. Ambedkar University, Chennai
- Indian Institute of Technology (IIT), Kharagpur
- Government Law College, Kozhikode
- Institute of Chartered Financial Analysts of India (ICFAI), Hyderabad
- Guru Nanak Dev University, Amritsar
- Bharathiar University, Coimbatore
- Siddharth Law College, Gandhinagar
Q: What are the top recruiting companies of Taxation Law?
A: The top recruiting companies of Taxation Law are Google, Amazon, Snapdeal, Flipkart, Adobe, Reliance, Hdfc bank, Just dial, Apollo, Genpact, Motorola, Newgen, HP, Dell, Park Ascent, ITC Infotech, Claridges, HCL, L &T Infotech, Godrej etc.
Q: Do we have a merit-based selection in this stream?
A:The admission process generally varies across the colleges. The admission process for the students is based on the performance in the relevant entrance examination. There are institutes where there is direct admission which is based over the candidate's performance at the last qualifying exam.
Q: Does this course have semester exams or yearly exams?
A: The examination is conducted semester wise.
