B.Com in Taxation is a 3-year course. Students will learn about imposing tax and maintaining bookkeeping, overseeing monetary arrangement. The subjects taught in B.com (taxation) are basically from taxation, accounting, and finance fields. These subjects have a main role in the financial sector.
The eligibility for the course ‘Bachelor of Commerce in Taxation’ is qualifying 10+2 from the registered institute.
The fee structure is different in all colleges and universities. Fees are different due to the location and course provided by them. So, the average fee structure for B.Com in Taxation is INR 5,000 to INR 5 lakhs per annum.
B.Com in Taxation offers you many job roles: Chartered Accountant, financial risk manager, tax consultant, tax specialist, senior tax manager, tax compliance manager, cost estimators, lecturer, stockbrokers, financial analyst, actuaries, etc.
There are good salary packages offered to employees after B.Com in Taxation. It also varies on the location and skills of people. The average salary package offered is INR 1.2 lakhs to INR 10 lakhs per annum.
Students can pursue higher studies after B.Com in Taxation like MBA, M.Com, Chartered Accountant, actuarial science, B. Ed., etc.
The top recruiters are Claridges, L & T InfoTech, Google, Amazon, Newgen, Flipkart, Adobe, Snapdeal, Reliance, Just dial, Apollo, HP, Dell, etc.
Table of Content
- B.Com Taxation: Course Highlights
- B.Com Taxation: What is it About?
- Why Study B.Com Taxation?
- B.Com Taxation: Admission Process
4.2 Entrance Exams
7.1 Important Books
B.Com Taxation: Course Highlights
| Course Level | Undergraduate |
| Full form | Bachelor of Commerce in Taxation |
| Duration | 3 Years |
| Examination type | Semester |
| Eligibility | 10+2 examination with English and Mathematics |
| Admission process | Merit-based or entrance exam |
| Course fee | INR 5,000 - INR 5 lakhs |
| Average salary | INR 1.2 lakhs - INR 10 lakhs |
| Top Recruiters | Claridges, L & T InfoTech, Google, Amazon, Newgen, Flipkart, Adobe, Snapdeal, Reliance, Just dial, Apollo, HP, Dell, etc. |
| Job Positions | Financial Risk Manager, Tax Consultant, Tax Specialist, Senior Tax Manager, Tax Compliance Manager, Cost Estimators, Lecturer, Stockbrokers, Financial Analyst, Actuaries, Etc. |
B.Com Taxation: What is it About?
Bachelor of Commerce in Taxation is a 3-year course. The type, of course, is under graduation.
- Students will learn about imposing tax and maintaining bookkeeping, overseeing monetary arrangement.
- Students become professional in the fields of taxation, finance, and accounting.
- They get the easier role of leadership or managerial in the finance sector as they have specialization in taxation, finance, or accounting.
- A wide range of opportunities are opened in this field and more people are choosing this subject as their career.
Why Study B.Com Taxation?
B.Com in Taxation course should be opting by students because:
- After the Bachelor’s, students can develop a successful career in the field of taxation with a good package.
- Students, who want to be tax consultants, should opt for this course for developing a company’s strategies.
- Students will learn skills like management and quantitative techniques to open more wide opportunities.
- You can work in fields like marketing, foreign trade, public accounting, etc.
B.Com Taxation: Admission Process
Colleges and universities adopt two methods of enrolling students. The methods are merit-based selection and through entrance exams.
Merit-based Admissions
- Colleges will release cutoff after examination of 10+2.
- You should be aware and check your percentage in different lists.
- Colleges and universities will release date for documents verification
- Students must go for documents verification and enrol themselves in the colleges.
- Submit tuition fees on time to avoid loss of good of the college.
Entrance-based Admissions
- Students have to be aware of releasing the date of the registration form.
- Fill the form on time with the fees (if required).
- The registration form will be filled online via college websites.
- After registration, an admit card will be released by them with the examination date and venue.
- You have to attempt the exam and after that result, the date will be releases
- They release dates for documents verification. The documents include your mark sheets of 10th and 12th class with the photographs and certificates like migration certificate, provisional certificate.
- Submit tuition fees on time to avoid loss of good of the college.
B.Com Taxation: Eligibility Criteria
- Qualifying 10+2 stage from the registered institute.
- Every student must have to score at least 45% marks.
- Some colleges give a 5% reduction for reserved category students.
- English and maths are compulsory subjects.
B.Com Taxation: Entrance Exams
The entrance exams taken are
- JUEE: Jammu University Entrance Test
- JMIEE: Jamia Millia Islamia Entrance exam
- IPU CET: Indraprastha University Common Entrance Test
- CUCEE: Central Universities Common Entrance Test, etc.
| Entrance exam | Registration Date | Exam date |
|---|---|---|
| Indraprastha University Common Entrance Test | March 2024 – May 2024 (Tentative) | May - June 2024 (Tentative) |
| Central Universities Common Entrance Test | 1st week of February 2024 – 2nd week of March 2024 | 15th May 2024 to 31st May 2024 |
| Jamia Millia Islamia Entrance Exam | To be announced | To be announced |
| Jammu University Entrance Test | To be announced | To be announced |
How To Get Admission In A Good College for B.Com in Taxation?
Here are some tips to get admission to a good college:
- You should have an interest in the subject which you have chosen.
- Candidates should score at least 45% marks in 10+2 to get admission to a good college.
- Cover full syllabus of the entrance exam.
- Practice model test papers as much as you can. You get an idea from it about questions type and duration of questions.
- Read questions, chapters, properly to avoid rejection.
- Choose an interesting subject in 10+2 as you have to build your future career by seeing them.
- Participating in extracurricular activities to gain more skills, certificates, awards, etc.
B.Com Taxation: Top Colleges
| College Name | Average Annual Fee |
|---|---|
| Sacred Heart College, Ernakulam | INR 6,170 |
| Osmania University, Hyderabad | INR 18,220 |
| Chandigarh University, Chandigarh | INR 96,000 |
| Rabindranath Tagore University, Bhopal | INR 20,000 |
| Woxsen University, Hyderabad | INR 2.50 lakhs |
| Jain University, Bangalore | INR 1.20 lakhs |
| St. Albert’s College, Ernakulam | INR 18,000 |
| Christ University, Bangalore | INR 3,345 |
| CH Institute of Management & Commerce, Indore | INR 10,000 |
| LNCT University, Bhopal | INR 35,000 |
B.Com Taxation: College Comparison
| Parameters | Sacred Heart College | Chandigarh University |
|---|---|---|
| Overview | Sacred Heart College is located in Ernakulam, Kerala. It was established in 1944. It was established by Carmelites of Mary Immaculate (CMI). It was accredited by the NAAC in the 2000 year. It was reaccredited at A level. It is affiliated with Mahatma Gandhi University located in Kerala. It offers undergraduate courses, postgraduate courses. | Chandigarh University was established in 2012. It is located in Chandigarh. It is a private university. It is graded A+ by NAAC. It offers undergraduates, postgraduate and doctoral level courses. There are 16 such departments. They enrol students in their college by entrance exam- CUCET. It is the top university in placement among other top universities. |
| Location | Ernakulam | Chandigarh |
| Average fee | INR 6,170 | INR 96,000 |
| Average salary package | INR 2.3 lakhs | INR 7.2 lakhs |
| Top Recruiters | Goldman Sachs, Larsen & Toubro, Wipro, Tata Consultancy, South Indian, Federal Bank, Ernst & Young, Ashok Leyland, etc. | Wipro, IBM, Capgemini, Mindtree, TAFE Reliance industries, Godrej, Sanmar Group, Jindal sheet, Asahi Glass, Tata Power, Tata Technologies, Indigo Airlines, DELL, SAP Labs, Nokia, Deloitte, Hewlett Packard, Bank of America, etc. |
B.Com Taxation V/s B.Com Taxation & Finance: Which is Better?
| Parameters | BCom Taxation | BCom Taxation & Finance |
|---|---|---|
| Overviews | Bachelor of Commerce in Taxation is a 3-year course. The type, of course, is under graduation. Students will learn about imposing tax and maintaining bookkeeping, overseeing monetary arrangement. They learn how to impose a tax on taxable incomes. | B. Com (taxation & Finance) or Bachelor of Commerce in Taxation and finance is a 3-year course. The course type is under graduation. This course specialized in taxation and finance. This course helps to become professional and collect proper funds and utilize properly to ensure both public and private welfare. |
| Duration | 3 Years | 3 Years |
| Eligibility | 10+2 with at least 45% marks | 10+2 with at least 50% marks |
| Admission Process | Merit-based selection or entrance exams | Merit-based selection or entrance exams |
| Average Fee | INR 5,000 to INR 5 lakhs | INR 12,000 to INR 3 lakhs |
| Job Opportunities | Chartered Accountant, financial risk manager, tax consultant, tax specialist, senior tax manager, tax compliance manager, cost estimators, lecturer, stockbrokers, financial analyst, actuaries, etc. | Finance manager, assistant accountant, auditor, income tax officer, tax consultant, cost accountant, budget analyst, etc. |
| Top Recruiters | Claridges, L & T InfoTech, Google, Amazon, Newgen, Flipkart, Adobe, Snapdeal, Reliance, Just dial, Apollo, HP, Dell, etc. | The sales tax department, import firms, export forms, docks, airports, income tax department, banking sector, Indian economic services, colleges or universities, etc. |
| Average Salary Package | INR 1.2 lakhs - INR 10 lakhs | INR 1.8 lakhs - 12 lakhs |
B.Com Taxation: Course Syllabus
The syllabus for the course B.Com in taxation is based on 6 semesters as there are 3 years for graduation.
| Semester I | Semester II |
|---|---|
| Business mathematics | Financial accounting |
| Income tax law procedure | Income tax law procedure |
| Indian tax system | Indian tax system |
| Fundamental principles of accounting | Partnership accounting |
| Business organization | Business regulatory framework |
| Indian contract act and sale of goods act | Business communications |
| Semester III | Semester IV |
| Income tax procedure & practice | Advance cost accounts |
| Principles of statistics | Income tax procedure & practice |
| Basics of company accounts | Advance corporate accounts |
| Indian company Act | Advanced statistics |
| Wealth tax & VAT Procedure and practices | Wealth tax & VAT Procedure and practices |
| Theory and practice of cost | Principles of management |
| Semester V | Semester VI |
| Income tax for individuals | Indirect tax |
| Custom procedures & practice | Custom procedure & practice |
| Accounting for managers | Income tax for business |
| Marketing management | Auditing |
| Financial management | Central excise procedure & practice |
| Central excise procedure & practice | Human resource management |
B.Com Taxation: Important Books
Every B.Com in taxation course pursuing a person should read these books with the best authors. Here are the top 10 books to read:
| Name of the Books | Authors |
|---|---|
| Corporate taxation | Cheryl D. Block |
| The best zero tax planning tools | Tim Voorhees |
| Federal Income Taxation | Marvin Chirelstein & Lawrence Zelenak |
| Federal Taxation- Basic principles | James R. Hasselback & Ephraim P. Smith |
| International Taxation in a Nutshell | Richard Doernberg |
| Principles of Taxation for Business and investment planning | Sally Jones & Shelley Rhoades- Catanach |
| South-Western Federal Taxation: Individual Income Taxes | William H. Hoffman, Annette Nellen |
| Essentials of Federal Income Taxation for Individual & Business | Linda M. Johnson |
| Fundamentals of corporate taxation | Stephen Schwartz & Daniel Lathrope |
| K. Lasser’s 1001 deductions and tax breaks | Barbara Weltman |
B.Com Taxation: Job Profiles
These are the job roles offered after B. Com in Taxation has chartered Accountant, financial risk manager, tax consultant, tax specialist, senior tax manager, tax compliance manager, cost estimators, lecturer, stockbrokers, financial analyst, actuaries, etc.
| Job Profiles | Job Description | Average Annual Salary |
|---|---|---|
| Tax Specialist | Tax specialists have a very important role as they are known for tax consultants. They are specialists, professional tax law, planning and compiling. The updated new tax laws and services businesses and individuals, clients, etc. | INR 6.87 lakhs |
| Senior Tax Manager | Senior tax manager has a vital role as they evaluate tax documents and prepare for timely return taxes. They ensure that the company’s accounting procedures are according to state regulations and local procedures. | INR 30 lakhs |
| Actuaries | An actuary oversees and analyses the financial position of a company or organization. They use statistics, mathematics, and financial statements of the company to predict a future event. | INR 15 lakhs to INR 20 lakhs |
| Stockbrokers | The role of a stockbroker is to sell and buy stocks at the stock market. They buy and sell on behalf of investors. | INR 3.95 lakhs |
| Cost Estimators | The role of a cost estimator is collecting data and analyzing it according to the requirement of manufacturing a product, constructing a building or any other service. They analyze time, money, labour, and other materials. | INR 11.73 lakhs |
B.Com Taxation: Future Scope
The higher studies after B.Com in Taxation like Master of Business Administration (MBA), M.Com, Chartered Accountant (CA), Company Secretary (CS), Chartered Financial analyst (CFA), Business accounting and taxation (BAT), certified management account (CMA), actuarial science, B. Ed., US Certified public accounting (CPA) etc.
Companies that participate in hiring candidates are Claridges, L & T InfoTech, Google, Amazon, Newgen, Flipkart, Adobe, Snapdeal, Reliance, Just dial, Apollo, HP, Dell, etc.
The employment area is schools, colleges, universities, the sales department, income tax department, airport, banking sector, etc.
Candidates can be a part of some of the job opportunities like Chartered Accountant, financial risk manager, tax consultant, tax specialist, senior tax manager, tax compliance manager, cost estimators, lecturer, stockbrokers, financial analyst, actuaries, etc.
B.Com Taxation: FAQs
Ques. How to enrol yourself in colleges after the 10+2 examination?
Ques. Who are eligible for under graduation courses?
Ques. Is any university situated in Indore for undergraduates?
Ques. Is accountancy a compulsory subject in 10+2 for B. com in taxation?
Ques. Is there any ageing issue while enrolling in college?
Ques. What are the highest paying jobs after B. Com in Taxation?
Ques. What is the international average salary package of a finance manager and internal auditor?
Ques. What are the courses related to B.Com in Taxation?
Ques. What is the minimum fee of B.Com in Taxation in India?
Ques. What is the maximum fee of B.Com in Taxation?
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