Bachelor of Commerce [B.Com] (Taxation and Finance) Top Colleges, Syllabus,Scope and Salary

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Sakshi Gupta

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B.Com in Taxation and Finance is a three-year undergraduate program (UG) in the domain of commerce with specialization in taxation and finance management related principles and techniques. The minimum eligibility criterion which most of the institutes ask for is a score of at least 50% (relaxable for reserved category candidates) at 10+2 or equivalent level.

Some of the popular institutes/universities that offer the course in India are listed below:

The average tuition fee charged for the course in Indian colleges/University ranges between INR 12,000 to 3 Lacs and depends upon the nature of college/institute (that is government, state/private/deemed) as well as its location.

B.Com in Taxation and Finance course admission involves Common Entrance Test (CET) based selection method as well as merit-based selection criterion that is the percentage of marks obtained at 10+2 or equivalent level by the candidate. Colleges and Institute that provide admissions through CET mechanism rely on the score of All India Level common entrance exams like IPU CET while some of them go for a separate entrance exam of their own (GSAT).

The course aims at delivering holistic knowledge of taxation system and financial principles to the graduate level students in a gradual and effective manner. It dissipates a complete overview of all the aspects related to the subject. Those institutes who do conduct an entrance exam provide due consideration to class 12th or equivalent level marks and performance in the entrance exam while considering the applications for admissions.

Candidates completing the course successfully can expect job offers ranging from INR 15,000 to 18,000 per month. The annual salary in the industry can go beyond this average bracket with enhancement in the skill set and experience of the candidate.

B.Com in Taxation and Finance: Course Highlights

Course Level Under Graduate
Duration of the Course 3 years
Examination Type Semester-Wise
Eligibility Minimum score of 50% (Relaxable for reserved category students) marks at 10+2 or equivalent level.
Admission Process Entrance exam based/Merit-based
Course Fee Between INR 12,000 to INR 3 Lacs
Average Starting Salary Rs.15,000 to 18,000
Top Recruiting areas Sales tax department, banking sector, Indian economic services, Import/Export firms, Docks, Airports etc.
Job Positions Auditor, Income tax officer, Cost accountant, Tax consultant, Budget analyst, Finance manager, Assistant accountant etc.

B.Com in Taxation and Finance: What is it about?

Taxation and revenue collection forms the core of the administrative and functional responsibilities of a state. A state is run on the resources collected from citizens in the form of taxes. Hence, it becomes essential that proper collection and utilization of funds is ensured for public welfare.

Management of the collected finance is also important both at the public and private level so as to keep the engine of the economy going. This management and collection function requires effective and qualified professionals who are trained to tackle the situations in practical domain. Apart from that the expanding business and growth opportunities emerging out nowadays require a dedicated set of personnel who can handle finance related matters in an effective and efficient manner.

B.Com in Taxation and Finance course delivers to this demand of the economy by churning out qualified and skilled professionals out of graduate level students with a background in commerce. The course attains its aim through structured and organized curriculum and subject division.

B.Com in Taxation and Finance: Top Institutes offering the course

Bachelor of Commerce in Taxation and Finance is offered as a UG level course by a good number of colleges and universities across the country to candidates who have passed their 10+2 or equivalent level examination from a recognized state or central board.

For your reference, we have tabled down a list of various colleges/universities that are offering this course in India.

Institute City Average Fee (Per annum basis)
Al Ameen College Ernakulam INR 9,500
Alphonsa College Kottayam INR 14,489
Altius Institute of Universal Studies Indore INR 28,667
Annie Besant College Indore INR 3,500
Assumption College Kottayam INR 3,155
Bhopal School of Social Sciences Bhopal INR 23,420
Dr. CV Raman University Bilaspur INR 23,710
East Calcutta Girls College Kolkata INR 4,783
BHU Varanasi INR 2,650
Government degree College Karimnagar INR 3,233

B.Com in Taxation and Finance: Eligibility

Candidate must have passed the 10+2 or equivalent examination with at least 50% (relaxable for reserved category candidates) marks from a recognized state or central board.

  • He/She shall not be having any supplementary or compartment in any of the subject/subjects at 10+2 or equivalent level that is yet to be cleared at the time of taking admissions.
  • Apart from the above-mentioned eligibility criteria’s various colleges and institutes may have their own additional criteria’s which the students would have to satisfy in order to take admission.
  • In case of reserved category students, they would have to present their reservation certificates issued by the competent authorities in order to avail the benefits applicable to them.
  • Institutes offering admissions through Common Entrance Test go for scores of exam like IPU CET for grant of admission. To get admissions in these institutes candidates would have to qualify the respective entrance exam by securing minimum qualifying marks.

The eligibility criteria’s mentioned above are common to most of the universities and colleges across the country that are offering this course to the students.

B.Com in Taxation and Finance: Admission Process

B.Com (Taxation and Finance) course admissions are done through common entrance test based admission process (as seen across various Universities and colleges in the country) as well as merit-based selection process (as seen in a good number of institutes/colleges).

  • Majority of the Universities/Colleges conduct a common entrance test for admission into B.Com. Courses (like GITMA) or take admissions through commonly held entrance exam like BHU CET. Hence students would have to make an application for such exams.
  • Students have to qualify these exams (for which they should be eligible to appear) in order to get admission in the course.
  • After the conduct of the test, a merit list of finally qualified candidates is prepared and candidates are invited for counseling cum admission process by the respective university or college.
  • After counseling cum admission process final allotment of seats to the candidate takes place and the candidate is asked to deposit the fee for the course and register for the respective academic year.

Admission process would more or less be same across all the colleges and universities that are offering this course.

B.Com in Taxation and Finance: Syllabus and Course description

The course syllabus is divided into 6 semesters spread over a span of three years with End Semester Exams being held after each semester. The syllabus of the course is divided into various subjects and domain-specific modules that students are taught during the course of their under graduation. The syllabus covers all the aspects related to Taxation and Finance so, as to provide a holistic understanding of the subject to the undergraduate students.

The details regarding the syllabus of the course are mentioned below so, as to provide a reference to the candidates.

Year I Year II Year III
Account Transactions Employee Report preparation Inventory Management
Books of Accounts Employee state Insurance Act E-Commerce
Business Statistics Excise and Custom laws Service Tax management
Capital Budgeting Excise Registers Income distribution
Central and Sale Taxes Applied Economics Payroll management
Custom law and procedures Income Tax evaluation Research and report presentation
Employee management Income Tax act 1961 Viva-Voce
Communicative English - -

B.Com in Taxation and Finance: Who Should Opt for?

  • Students who have interest in taxation and financial administration.
  • Those who have a career as a Tax consultant in mind.
  • Those who are looking for jobs in Indian Economic Services after graduation.
  • Those aiming at higher studies in the domain can opt for the course.

B.Com in Taxation and Finance: Career Prospects

B.Com in Taxation and Finance graduates have plenty of options to choose from in terms of their career. One can choose to work as Auditor, Income tax officer, Cost accountant, Tax consultant, Budget analyst, Finance manager, Assistant accountant etc.

To provide you a holistic view of the career prospects of the course we have tabled certain areas and the respective roles attached to the same where B.Com. Undergraduates can look for in terms of their career.

Bachelor of Commerce [B.Com] (Taxation and Finance annual salary
Area/Domain Role Average Salary for Fresher’s
Auditor The job of an auditor involves timely audit and up gradation of financial accounts of the firm as per the update transaction receipts of the firms. INR 2.68-2.93Lacs
Income Tax Officer The job is a public sector job which involves ensuring compliance of the taxpayer with the stipulated law in that regards. INR 4.69-5.85 Lacs
Tax Consultant The job of tax consultant involves tendering of advice to clients in regards to tax saving and tax benefits as per the legal mandate of the act. INR 2.74-3.45 Lacs
Finance Manager The job involves efficient and effective management of finical resources of the firm through revenue collection and expenditure cycle mechanism. INR 2.82-3.35 Lacs
Probationary officer It is a typical banking job in public/private sector which requires one to take on various banking functions as a part of his/her job profile. INR 4.62-5.55 Lacs

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


36.48 K (Minimum Fee)PUBLIC COLLEGES70.61 K  (Maximum Fee)
53.54 K (Average Fee)
6.75 K (Minimum Fee)Private COLLEGES2.48 L (Maximum Fee)
73.71 K (Average Fee)

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


Kerala

36.48 KPUBLIC COLLEGES70.61 K
53.54 K
6.75 KPrivate COLLEGES2.48 L
68.48 K

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Bharata Mata College - [BMC] (9)
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De Paul Institute of Science and Technology - [DIST] Angamaly (4)
Amrita School of Arts and Sciences - [ASAS] (2)
CMS College (2)
Rajagiri College of Social Sciences - [RCSS] (2)
SCMS School of Technology and Management - [SSTM] (2)
Chinmaya College of Arts, Commerce and Science (2)
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Sree Sankara College -[SSC] Kalady (1)
Amrita School of Arts and Sciences - [ASAS] (1)
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Management (7)
Scholarship (7)
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32 Reviews found out of 177281


ST
8.0 /10

Campus Life :

I have a great experience in my college life and which moulded me to face any situation with a smile and the ability to face any challenges. And our campus is having equal gender ratio in most of the class. We Have NCC and NSS division in our college and there are camps conducted druing that time. We have build a nearby road during ours NSS camp. Arts and Sports day are celebrated with arts and sports competition. Ours college has a Excellent Science Lab, but I have taken commerce group so no need for to visit lab.

Course Curriculum Overview :

Our college was under M. G. University, the Course curriculum will be provided by the University and also exam too is conducted by them. During our time there is no industrial visit, but it is research driven and very fair too. Ours college has given enough freedom for us with slight restricion, with that most of us become better in ours future life.

Faculty :

The faculty of ours College is Excellent, one among them became Judge, another one Registrar of KUFOS and One of them after Retired is now Serving In Rajagiri College as HOD. Ours Principal Late Prof. Antony Issac is the one who leads all of us with his great leadership quality. He is one among the best principal in our state during that time.

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S
6.8 /10

Course Curriculum Overview :

The course and the faculties were really good. But when it comes to curriculum I feel like it’s not been updated properly. We were taught the same subjects which were taught years back. Actually the curriculum has to be changed every year. But it is not happening here. I don’t blame my college, M.G. university is responsible. And the curriculum is more theoretical the application level is low and the industrial exposure as such was low because there was no industrial visits or Such takeaways. One of my favourite faculty is raj kumar, he taught us accounting part.

Remarks :

Good teaching, college timing is the main element attracted me it was from morning 8 to afternoon 1. College has got a friendly environment which helps to adopt in to the learning aspect fast, teachers are really friendly, I got good review from the ex students studied in the college.As the college is a private institution they give utmost importance to studies. Teachers provided all the necessary notes and Chinmaya mission as it is more of disciplined and had a systematic practice of moral values that is nurtured to the students.

College Events :

My college life was pretty good. I got chance to participate in inter college fest and also got chance to participate in various events which are conducted in the college so it helped to come out of my comfort zone. We didn’t conducted any fest in our college, because college was not that big enough to accommodate the outsiders. But we had different events and functions like arts day etc which was conducted for us in my college.

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Jr
8.5 /10

Admission :

A student’s record in and outside the high school classroom demonstrates to an admissions officer the kind of contributions he or she will make at the college level. Colleges are looking for candidates who perform consistently well or show a record of improvement in rigorous or college-prep courses. This means the right coursework, good grades, and activities that have a positive impact should be a continuous focus throughout high school.

Fee Structure And Facilities :

With affordable fee structure there is no need of applying for loan. There are many scholarships for those from low economic strata - FFE scholarship ( around 40000/year ) Agaram scholarship, Fist graduate scholarship, scholarships for BC, MBC, ST, SC students which can be applied through college

College Events :

We have splendore for all ug students and physeta for physcology departement and magneq for commerce department and dyti for pg students and also nss camp for social work department we also have sports day and other cultural programs conducted by college student union

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NV
8.7 /10

Campus Life :

Extracurriculars are one of the best things in cms we have sports arts day union day and all both girls and boys are included in these programmes but usually girls are more in cultural day programme while boys are more participated in sports programme. There is no politics inside campus because the College became autonomous and the College banned politics inside campus. The College have more girls than boys but not by a huge margin

Remarks :

This College is 200 years old and have many many big old trees the buildings are 200 years old buildings and they are well maintained , while walking inside campus we feel a good vibe of nature and tradition which no College can offer other than cms Many noted pesonalities studied here one of them is indias former president k r narayanan

Admission :

I had 85 percent mark in 12th grade after that i submitted an application form in cms College that form can be downloaded from cms official website later they didnt alloted me when merit list published the cut was 89 percent so i applied for management qouta and paid 1 lakh for admission then i got admission straight away

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EA
5.7 /10

Admission :

The mark I achieved in +2 was not enough for attainig admission in college I preferred. So I decided to try in other colleges for admission but i failed to get there too, then i applied for the management seat in the college where I am studying now which was referred by one of my relative so I did it accordingly. After 1 week they called me and said to join.

Course Curriculum Overview :

My opinion about my course curriculum is good because it is the course which I wished for.The course which I took is Bcom Finance And Taxation The exam stucture is that we have six semester exams and in each semester we have two internals.The mark we achieve im internals will reflect on the semester examination which determines the grade.

Alumni/Alumna :

The seniors are very good in approach and they treat us as their own brothers and we do the same. The seniors are very helpful and kind and we often spend our leisure time together with seniors. I am happy and lucky to have seniors of having same wave length of thinking. Me and my seniors shares the same school of thought.

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GM
4.5 /10

Admission :

As I did not have the minimum required marks to get into college I had to get my spot through management seat by paying a certain amount of money which guaranteed my place in the college. By through on the basis of recommendation the money I had to pay was less as compared to the regular fee.

Placement Experience :

The placements and job opportunities provided by the college is non satisfactory. Mg college does not provide internship for my course but provides internship for other courses such as B.Voc etc. I feel the after college opportunities that this college provided in not sufficient.

Fee Structure And Facilities :

The fee structure is paid on a monthly basis. It is compulsory for all. Scholarship programs are provided by the college to help in a student's education. Students coming from a backward class family gets fee exception. The fees for the college are really cheap.

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