Taxation Law Course: Details, Eligibility, Syllabus, Career, Fees, Scope, and More

Taxation law is an important field in the legal space of India. It is usually a set of rules and regulations to control the tax system of the country. With the help of this law, the state and central government govern the tax that is paid by the taxpayers or the citizens of the country.

Although the tax laws appear a general system to study, it is very important because it affects the citizens of the country every day. This is why the tax sector has a huge scope in India. Also, the number of candidates in this field is increasing day by day. Many people choose to study this course because of its increasing importance and popularity.

The taxation law course can be pursued at both the postgraduate and undergraduate levels. Though it seems a difficult course, it offers a pleasing career to the candidates in India. The graduates of the taxation law course can build a better career by joining different law firms.

Course Details of Taxation Law Course

Course Name Course Duration Eligibility
Diploma Taxation Law Course 1 Year After 12th Pass
Undergraduate Taxation Law Course 1 years-5 years After 12th Pass
Postgraduate Taxation Law Course 2 Years After Graduation

This course demands knowledge in ethics and in the subject rather than mathematical and quantitative skills. Also, the students should have intellectual capability and knowledge in the current trends of the field to maintain tax reforms. Further, problem-solving skills and detailing skills are a plus point to have for students.

Taxation Law Course India

In this article, we are going to discuss everything about the taxation law course.

Scope of The Taxation Law Course:

Those who have better knowledge in the taxation field will have a higher number of options to choose from. Further, the job opportunities for the graduates of the taxation law course are broad. They can opt for internships with various legal firms as fresh graduates to gain experience in the field. There they can apply their theoretical knowledge and learn new practical skills.

By gaining practical knowledge in the field, the candidates can get their dream job in different firms. They can work in both government and private sectors as per their skills and expertise. The salaries of these candidates can vary from 2 lakhs to 12 lakhs.

Apart from that, the taxation law course graduates can have opportunities in international tax systems. In this case, students can learn international taxation and apply their skills and knowledge in international organizations.

Eligibility Criteria for The Taxation Law Course:

The candidates should meet the minimum eligibility criteria of the institution to take admission to the taxation law course. Otherwise, the application of the candidate will get rejected.

As mentioned above, this course is available at the diploma, undergraduate, and postgraduate levels. Here are the eligibility criteria for all these course levels.

  • Eligibility Criteria for Diploma Taxation Law Course

The candidates who want to pursue the diploma taxation law course should have passed the 12th standard or any equivalent standard. They should have at least 50% to 60% aggregate marks in the same to be eligible for this course.

  • Eligibility Criteria for Undergraduate Taxation Law Course

To pursue the taxation law course at the undergraduate level, the students should have passed the 10+2examination or any equivalent examination from a recognized board. Further, they need at least 50% to 60% aggregate marks in their last exam to meet the eligibility criteria.

  • Eligibility Criteria for Postgraduate Taxation Law Course

The candidates should have passed LLB or an equivalent degree course to meet the eligibility criteria for the taxation law course at the postgraduate level. Also, those who have completed a five-year-long integrated law course are eligible for LL.M or PG diploma course. However, a minimum of 50% to 60% marks is required in the qualifying exam to take admission to the postgraduate taxation law course.

Admission Process for The Taxation Law Course:

The admission process to the taxation law course is different in different colleges. Some colleges shortlist the candidates considering their marks in state level and national level entrance exams. Also, some universities or institutions conduct their own entrance exams to offer admission to the taxation law course.

Some colleges and universities also shortlist candidates on the basis of their scores in the common law entrance exam like CLAT. Further, some colleges give admission to candidates on the basis of merit. In this process, the colleges consider the score of students in qualifying exams and then conduct a personal interview to shortlist candidates. So, you should figure out the admission process followed by your preferred college and follow the same to get admission to the taxation law course.

Entrance Exams for The Taxation Law Course:

Here is the list of the top entrance exams for the taxation law course.

  • Common-Law Admission Test (CLAT)

This is a national-level entrance exam that offers admission to various law colleges in the country. The candidates who want to pursue the taxation law course must appear to this entrance exam to get admission to different private and government colleges.

  • All India Law Entrance Test (AILET)

This entrance exam is conducted by three centers of the national law university Delhi. The candidates who appear in this exam can get admission to undergraduate courses in LAW, LLM, and Ph.D.

  • All India Bar Exam (AIBE)

The AIBE entrance exam is an open-book national-level examination that gives admission to fresh law graduates. This exam is conducted by the Bar Council that determines whether the candidates are eligible to practice law.

  • Law School Admission Test (LSAT)

This entrance exam is designed by the Law School Admission Council for the admission process of the Indian law colleges. This exam is conducted as per the world model of LSAT. This is done the same way as in America and Australia.

Apart from these entrance examinations, many other entrance exams are conducted at the state level.You will need to score qualifying marks in the respective entrance exam of your preferred college to get admission for this course.

Course Fee for The Taxation Law Course:

The course fee for the tax law course is different in different colleges. Here are the fees for diploma, undergraduate, and postgraduate taxation law courses.

  • Fees for Diploma Courses

The course fee for the diploma in taxation law course in a private college is 5000 rupees to 2 lakh rupees. In government college, this course fee is 12000 rupees to 40000 rupees.

  • Fees for Undergraduate Courses

The course fee for the taxation law course at the undergraduate level is 7000 rupees to 15 lakh rupees.

  • Fees for Postgraduate Courses

The course fee for the postgraduate courses in a private college is 9000 to 4 lakh rupees. The fee for the same course in the government college is 12000 to 67000 rupees.

Syllabus for The Taxation Law Course:

In order to pursue the tax law course at any level, you should have an idea about all the subjects that are taught in the course. The following are the syllabus for the tax law course at the diploma, undergraduate, and postgraduate levels.

Syllabus for Diploma Courses in Taxation Law:

The subjects that are taught in the diploma in taxation law are as follows:

  • Introduction to The Tax System in India
  • Income Tax Act, 1961
  • Managerial Accounting
  • Direct Tax Applications and Its Procedure
  • Goods and Service Tax Part 1
  • Goods and Service Tax Part 2
  • Communication Skills
  • Principles of Auditing
  • Computer Applications and Tally
  • Financial Accounting & Analysis Part 1 And 2

Syllabus for Undergraduate Courses in Taxation Law:

The subjects that are taught in the taxation law undergraduate course are as follows:

First Year: 

  • Business Computing
  • Business Laws
  • Business Mathematics and Statics
  • Corporate Accounting
  • Business Communication
  • Income Tax Law and Practices
  • Corporate Laws
  • Macro Economics
  • Financial Accounting
  • Insurance Risk and Management
  • Investment in Stock Markets

Second Year:

  • Information System
  • Money and The Firm
  • Management Accounting
  • Indirect Tax
  • Management
  • Human Resource Management
  • Training and Development
  • Wealth Tax Procedures
  • Goods and Service Tax
  • Entrepreneurship
  • Collective Branding and Negotiation Skills
  • Creativity, Innovation, And Foresight
  • Corporate Tax Planning
  • Cost Accounting
  • Auditing and Taxation
  • Financial Management
  • Excise and Custom Law
  • Research Methods and Report Writing

Third Year:

  • Project Management
  • Tax Planning and Administration
  • Computerized Accounting System
  • Financial Institutions and Markets
  • Business Policy and Strategy
  • Mergers and Corporate Restructuring
  • Major Project Part 1 And 2
  • Venture Ideation
  • Organizational Behavior
  • Business Ethics
  • Corporate Governance

Syllabus for Post Graduate Courses in Taxation Law:

The following are the subjects that you are going to study in your postgraduate course in taxation law.

  • Corporate Taxation
  • Indirect Taxes
  • Law and Justice in A Globalizing World
  • Research Methodology and Legal Writing
  • Constitutional Law Part 1
  • Penology and Treatment of Offenders
  • Direct Taxation
  • Tax Litigation Practice
  • Double Taxation Agreement and International Consortium of Traits
  • International Taxation
  • Law Relating to Industrial Injuries and Social Security
  • Foundation of Taxation and Tax Planning
  • Transfer Pricing
  • Taxation of Intellectual Property
  • Transaction Tax Planning for Family Business
  • General Taxation

Career Opportunities for Taxation Law Course:

Although the taxation law course seems to be a narrow field, it offers broad career opportunities to students. After completing this course, the graduates can get good jobs in the same field. The candidates can join different internships and other industry-standard courses to gain experience in the field after completing this course.

With appropriate knowledge, skills, and expertise, students can easily build a better career in the taxation industry. Then they can improve their career by gaining years of experience and learning new things in the industry. Sometimes the top employers look for experienced candidates instead of freshers, so gaining enough experience in the field is important.

The tax law graduates can get better job opportunities in the government and private sectors as per their knowledge and expertise. Apart from that, the candidates can get handsome salaries depending on their company, job profile, location, and skills. So, if you have sufficient knowledge in the field and have an interest in working in the industry, then you can build a better career in the industry.

Job Profiles for The Taxation Law Course:

After completing the taxation law course, the candidates can apply for various job profiles in different companies. The following are some top job profiles for the graduates of this course.

  • Tax Collector:

The role of a tax collector is to collect money from businesses and citizens who fill the returns late. They conduct audits on the financial data and keep records. They also check for the people who pay the taxes late and provide solutions to them. Tax collectors work at central, state, and local levels to collect the tax. The salary of a tax collector ranges from 2.5 lakhs to 5 lakhs per annum.

  • Tax Associate:

Tax associates can have different works depending on the companies where they have posted. For example, they prepare tax returns of properties, businesses, etc. Also, they are responsible for verifying bills, income tax compliance, tracking assessment, and other such things. The average salary of a tax associate varies from 2.5 lakhs to 9.6 lakhs per year.

  • Tax Analyst:

The job of a tax analyst is to analyze the finances of the industry and pay the taxes according to the tax laws of the central and state. Also, they ensure that the tax returns are filed on time. They work in various industries like manufacturing, IT, banking, transportation, etc. The annual salary of a tax analyst ranges from 4 lakhs to 10 lakhs.

  • Chief Financial Officer:

The role of a chief financial officer is to monitor the financial actions of a company and track the cash flow. They also plan finances and make strategies for companies considering the strengths and weaknesses. The average salary of a chief financial officer in India is 3.6 lakhs. Further, it can increase up to 10 lakhs or more.

  • Tax Attorney:

The work of a tax attorney is to give tax advice to companies and persons. They mostly focus on the tax law and financial management areas. The salary of a tax attorney ranges from 6 lakhs to 12 lakhs in the beginning, and with experience, it will increase.

Top Colleges in India For Taxation Law Course:

  • Indian Institute of Technology, [IIT] Kharagpur
  • ManikchandPahade Law College, Aurangabad
  • Savitribai Phule Pune University, [SPPU] Pune
  • School of Law, Chhatrapati Shivaji Maharaj University, Navi Mumbai
  • Tamil Nadu Dr. Ambedkar Law University, [TNDALU] Chennai

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