Bachelor of Commerce (B.Com) in Taxation Syllabus, Scope, and Salary

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Pranjal Singhal

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B.Com. in Taxation is an undergraduate course in accounts. The length of the course is 3 years. The course covers the investigation of standards of bookkeeping, monetary arranging and monetary hypothesis alongside a specific concentrate on tax assessment which is named as a procedure of imposing a financial charge (tax) on the subjects who earn ‘taxable’ income.

Top Institutes offering this course are:

B.Com. in Taxation degree course prepares students for a professional qualification in taxation, finance, and accounting and provides a solid base in the field of Taxation, Accounting and Finance, thus making it easier to acquire a leadership / managerial role in the financial sector.

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

B.Com. Taxation degree makes one qualified to work in Accounts and Finance bureaus of different firms and organizations, banks, government divisions and offices, instructive establishments and various different sorts of associations. Average starting salary offered to B.Com Taxation degree holders ranges from INR 2 to 10 Lacs.

B.Com in Taxation: Course Highlights

Arranged beneath are a portion of the real highlights of the course.

Name of the course B.Com in Taxation
Course Level B.Com
Duration 3 years, full time/Distance Learning
Stream Taxation
Examination Type Semester System/Yearly
Eligibility 10+2 with English and math
Admission Process Students are admitted in B.Com on the basis of merit. The merit is prepared on the basis of candidate’s performance in higher secondary examination. Some Universities also conduct the entrance test for admitting students. Besides candidate’s academic knowledge, some colleges conducts interview
Average Course Fee INR 5K to 5 Lacs
Average Starting Salary INR 1.2 Lakh to 10 Lacs
Top Recruiting Companies 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

B.Com in Taxation: What is it About?

B.Com. in Taxation degree holders are in a position to acquire the status of a government employee who is regarded as a notch above the ordinary people in terms of both post and power. B.Com. in Taxation degree course prepares students for a professional qualification in taxation, finance, and accounting and provides a solid base in the field of Taxation, Accounting, and Finance, thus making it easier to acquire a leadership / managerial role in the financial sector.

It has been concluded in a number of recent surveys that more and more students are now opting for the degree that enables them to establish a good career in taxation areas.

The tax assessment is a degree program in which, aside from a general course think about in Commerce. Assorted angles on various sorts of expense, for example, Income assess, Value Added Tax or VAT, Service Tax, Property Tax, and so forth are secured under the course. The understudies are presented with subtle elements of backhanded assessments like traditions and focal extract charge, riches impose, and so on.

Top Institutes Offering B.Com in Taxation

The average tuition fee charged in India for B.Com in Taxation ranges around INR 5 lacs for private institutes but is as low as INR 5,000.

Listed below are some of the best institutes in India that offer B.Com in Taxation:

College/Institute State Tuition Fees (Per Year) in INR
St. Albert's college Ernakulam, Kerala 22,500
Sacred heart college Ernakulam, Kerala 32,990
Lala Lajpat rai college of commerce and economics Mumbai, Maharashtra 36,650
St Teresa's college Ernakulam, Kerala 18,000
Career college Bhopal 19,000
Bharata Mata College, Chennai Kochi, 22,500

Eligibility for B.Com in Taxation

The essential qualification basis for seeking after B.Com Taxation degree is qualifying 10+2 or proportional examination in any stream

Some of the colleges and organizations request at least 45% checks in the above subjects at 10+2 level.

B.Com in Taxation: Admission Process

The details on the admission in B.Com Taxation will be distributed toward the start of every scholastic year.

The applicant can apply for the course either through the online interface or through postal strategy.

In both strategies, the competitor ought to pay a particular amount of fees. Once the application form is filled, the same must be submitted before the end date.

B.Com in Taxation: Syllabus and Course Structure

Syllabus of Taxation as prescribed by various Universities and Colleges.

Main subjects covered in the discipline are:

Semester-I Semester-II
Indian Tax System Indian Tax System
Income Tax Law Procedure Income Tax Law Procedure
Fundamental Principles of Accounting Financial Accounting
Business Mathematics Partnership Accounting
Indian Contract Act and Sale of Goods Act Business Regulatory Framework
Business Organization Business Communications
Semester-III Semester-IV
Income Tax Procedure & Practices Income Tax Procedure & Practices
Wealth Tax & Vat Procedure and Practices Wealth Tax & Vat Procedure and Practices
Basics of Company Accounts Advanced Corporate Accounts
Theory and Practice of Cost Advance Cost Accounts
Indian Company Act Principles of Management
Principles of Statistics Advance Statistics
Semester-V Semester-VI
Central Excise Procedure & Practice Central Excise Procedure & Practice
Custom Procedure & Practice Custom Procedure & Practice
Income Tax for Individuals Income Tax for Business
Accounting for Managers Indirect Tax
Financial Management Auditing
Marketing Management Human Resource Management

B.Com in Taxation: Career Prospects

There are enormous openings for work are accessible in these fields. In the wake of holding a degree in this field, you can take up for a vocation in both private and government parts. Professionally you can likewise select showing employment in schools and colleges.

Back Executive, Accounts Assistant, Audit Assistant, and so on are a portion of the occupation profiles appropriate for applicants who have finished their B.Com degree in tax collection.

In India, the normal compensation of taxation officer is between Rs. 3 to 4 lacs for every year while in abroad, you can gain a normal pay of more than $52 k every year.

Some of the popular employment areas for B.Com Taxation:

  • Banks
  • 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 in Taxation graduate is hired in capacities such as:

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

Listed here are some of the popular job positions offered to successful graduates of the discipline with the corresponding job descriptions and salaries offered:

Bachelor of Commerce (B.Com) Taxation annual salary
Job Title Job Description Average Annual Salary in INR
Tax Consultant Tax Consultant instruct their customers on expense alternatives, including how to legitimately bring down duty obligation or how to figure charges in light of their speculations. Charge experts may plan and finish customer government forms and help customers in finding the correct derivations, credits and alterations in light of their money related circumstance. INR 2 to 7 Lacs
Actuary Actuary utilize measurable systems and scientific aptitudes to evaluate the likelihood of an occasion and its money related results. INR 2 to 4 Lacs
Book Keepers Creates framework to represent money related exchanges by building up an outline of records; characterizing accounting approaches and methodology. Keeps up auxiliary records by checking, designating, and posting exchanges. Balances auxiliary records by accommodating passages. INR 1 to 3 Lacs
Finance Officer Handle and get ready money related and business frames with the end goal of financial records adjusts, encouraging buys, and so on. Perform routine computations to deliver examinations and reports as asked for by the back executive. Gather and enter information for different monetary spreadsheets.  INR 3 to 10 Lacs

Bachelor of Commerce [B.Com] (Taxation) Fee Structure in India


3 K (Minimum Fee)PUBLIC COLLEGES3.40 L  (Maximum Fee)
42.13 K (Average Fee)
3.21 K (Minimum Fee)Private COLLEGES3.06 L (Maximum Fee)
62.18 K (Average Fee)

Bachelor of Commerce [B.Com] (Taxation) Fee Structure By state


Madhya Pradesh

12 KPUBLIC COLLEGES95.48 K
53.74 K
24 KPrivate COLLEGES2.37 L
56.67 K

Kerala

3 KPUBLIC COLLEGES3.40 L
54.16 K
3.71 KPrivate COLLEGES3.06 L
65.82 K

Telangana

14.13 KPUBLIC COLLEGES54.66 K
34.40 K
43 KPrivate COLLEGES1.90 L
1.30 L

Karnataka

10.50 KPUBLIC COLLEGES10.50 K
10.50 K
11.74 KPrivate COLLEGES37.20 K
24.47 K

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109 Reviews found out of 177281


AJ
8.3 /10

Campus Life :

The college has a lot of club activities and conducts a lot of events. There are many clubs in college such as debate club, pk3 (an initiative under the district collector), fashion team, sports teams such as Basketball team etc. The college has its own gym. Many competitions such as essay writing in French, English etc, western music, eastern music, solo dance, poetry writing, content writing etc are conducted. It is really a vibrant event for which many famous celebrities and DJs will be joining every year. NCC and NSS training and activities are also taking place to a great extent. Festivals such as Onam, Diwali and Christmas are celebrated to the fullest in the College.

Course Curriculum Overview :

I chose B.com Taxation because of my interest in accounting. The college faculty is really good. Majority of the faculty is well qualified at least with a post-graduation degree. Teachers take really sincere efforts to teach us very well. Most of the teachers are well experienced. Each division has at least 50 students. Two internal exams are conducted before each of the two semesters in a year. Question papers are computer-generated covering all the aspects taught in the semester.

Placement Experience :

The College has a very good placement cell which offers a lot of very good opportunities in the top companies. It also offers professional courses like ACCA and CMA (USA) along with B.com Taxation and many other add on courses like Capital marketing, Spanish, bank coaching etc are also provided which makes the students more qualified and makes students outshine the competitors in interviews.

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S
8.2 /10

Course Curriculum Overview :

St.Teresa's College offers a Well structured Course curriculum for B.com students, along with real world projects and applications. The only minus point was that, The syllabus for our batch 2017-2020 was not updated we where taught the Mg Univetsity syllabus till 2016-2017 itself. But the Interships, seminars and project made it up with excellence in intellectual knowledge. Expert and well versed faculty members.

College Events :

Campus life is great in STC. Almost all festivities are celebrates in the college like onam, diwali, Christmas. Intercollegiate fests and Under25summit was the iceing on the cake during the last academi year. The college events are conducted by the student college union for the year. Kaleidoscope is the biggest fashion Event held in STC. Teresian week marks the glitering part of participation for the students.

Placement Experience :

Good placements!! St.Teresa's College offers 80-90% placements for B.com programmes. Wipro, Deloitte, Tommy Hilfiger, Amazon an Tcs are the top companies that conducts these placement drives in the campus. A group of friends from my batch started a Cake business. About 10 students got placed in Wipro and Tommy Hilfiger.

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S
7.0 /10

Remarks :

Cochin college is one among the popular aided colleges in the city. It is noted by the good quality education offered by highly qualifed faculty in the college. The reasonable and financially feasible fee structure is one of the peculiar advantage that the college offers. E grants are available to the SC/ST Students that will be a great financial assistance during their graduation.

Course Curriculum Overview :

B.com taxation course curriculum contains more of theoretical applications than practical sessions. The only negative about the curriculum is that it do not include interships and industrial visits to give more of industry based work experience and knowledge. Faculty of the college is good, supportive and friendly.

College Events :

Campus life is really good. Only positive remarks about the cultural events, extracurricular activities and sports events held in the college. The Union day is the biggest event during the academic year that is the official inaugration day of the college student union. There is campus politics inside the college.

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