Post Graduate Program in Tax Management is basically a post graduation degree course, the duration of which usually varies from 1 to 2 years. PGP Tax Management is specially designed to equip the students with the understanding of income tax and its related concepts. PGM in Tax Management can also be pursued in distance mode in some of the institutes in India.
The average fee structure of PGP Tax Management in the country ranges between INR 50,000 and 1,50,000 on an annual basis. The course undoubtedly offers an average salary package between INR 4 lakhs to 9 lakhs per annum. PGP Tax Management eligibility criteria is that the candidates ought to have a Bachelor's degree in any discipline from a recognised university. The admission to the course is, however, different in different colleges.
The applicants can be selected either on merit basis or their performances in the Entrance tests conducted by different colleges. After successful completion of the degree course, the candidates can be recruited in several taxation areas.
Post Graduate Program in Tax Management [PGPTM]: Course Highlights
| Course Level | Post Graduate |
| Full Form | Post Graduate Program in Tax Management |
| Duration | 1 to 2 years |
| Mode of learning | Regular or Distance |
| Examination Type | Semester system |
| Eligibility Criteria | Bachelor's degree in any discipline from a recognised university. |
| Admission Process | Direct or Entrance |
| Course Fee | INR 50,000 to INR 1.5 lakhs |
| Average Salary Package | INR 4 lakhs to INR 9 lakhs |
| Top Recruiting Areas | Tax Management, Taxation, Accountancy, Tax Consultancy, etc |
| Top Employment Types | Wealth Managers, Financial Advisors,Tax Consultants, Accountants etc. |
Post Graduate Program in Tax Management [PGPTM]: Admission Process
The admission process of the course varies from Institute to Institute. It is described briefly as follows :
- The willing candidates ought to apply online and read the instructions properly before submitting the application form.
- If the admission process is direct, the candidates would be selected on the basis of marks obtained in the Graduation degree.
- In some of the colleges, the candidates are required to appear for a management entrance test in order to be selected for the admission.
- In case of opting the course in distance mode, the candidates have to follow the same process; the only difference being the availability of seats in those institutes. Therefore the admission is held on a first come first serve basis .
Post Graduate Program in Tax Management [PGPTM]: Eligibility Criteria
For admission to Post Graduate Program in Tax Management, the candidates should fulfill the below mentioned criteria for eligibility :
- A candidate who wishes to apply for the course should have a Bachelor’s degree in any discipline from a recognized University with a minimum of 50% marks.
- In some institutions that conduct entrance exams, the applicant should obtain the qualifying marks.
- Besides, CA certified, CS certified and/ or ICWA qualified professionals can also apply for the course.
Post Graduate Program in Tax Management [PGPTM]: Entrance Exams
Some of the Institutes conduct management entrance exams for admission to the course. In such cases, the willing candidates are required to appear for management entrance exams such as CAT, XAT, TISSNET, etc.
- CAT - Common Admission Test or CAT exam is one of the most popular MBA entrance exams in the country. It is a computer-based entrance exam held for MBA/PGDM admissions at 20 IIMs and more than 1000 Business Schools in India.
- XAT - Xavier Aptitude Test or XAT is a national-level entrance test conducted by Xavier Labour Relation Institute (XLRI) Jamshedpur on behalf of Xavier Association of Management Institutes (XAMI). The mode of the XAT exam is online.
- TISSNET - TISS National Entrance Test (TISSNET) refers to a national level entrance exam conducted by Tata Institute of Social Sciences, Mumbai for admission to its postgraduate courses. The exam is held in online mode.
| Exam Name | Exam Schedule |
|---|---|
| CAT | Check CAT Dates |
| XAT | Check XAT Dates |
How to Prepare for the PGP Tax Management Entrance Exam?
The following are some of the valuable tips for the students for the preparation of PGP Tax Management Entrance exam:
- The aspirants should start focusing on language skills and improve communication abilities by reading newspapers, articles, solving grammar ,etc.
- Students from Commerce, non-medical and other backgrounds who have optional maths in school and college must take the subject, no matter how difficult they find it to be. Others can take private coaching from a very early stage.
- They must get hold of some of the important books for exam preparation.
- The questions would be set on these three domains- verbal, reasoning and quantitative abilities.
- They should be solving previous years questions and participating in different mock tests.
- Students should be aware of the Time management. The time limit is, however, different for different entrance tests. They must check the important dates, syllabus, exam pattern, time limit,etc for each of the tests.
Post Graduate Program in Tax Management [PGPTM]: How to Get Admission in a Good College?
The following include some important tips to get admission in a reputed institution that offers the course :
- Planning early – The best thing to do is to begin research online right after completing the Graduation exam. One should check the top university rankings to shortlist the best colleges that offer the program.
- Choosing the course – This would enable the candidates to have a clear idea about the course already chosen.
- Discussion with teachers – The candidates should seek the advice of the teachers who will be able to guide them in the right direction.
- Talking to seniors and ex-students – Discussing about the college with senior students and the ex-students always prove to be advantageous as they are able to tell about the exact atmosphere of the college and also the pros and cons of getting admission into a specific college.
- Scoring well – The marks obtained in the last exam need to be exceptionally good since getting admission into a top college is not enough; performing well should be the main motive.
- Taking part in extracurricular activities – The admissions officers take into account the candidates’ involvement in co-curricular activities such as dance, music, sports, theatre, etc.
- Preparing for entrance exams – The aspiring students who want to seek admission to a reputed college must focus on preparing for entrance exams .
What is the Post Graduate Program in Tax Management about?
The PostGraduate Program in Tax Management is a full-time or part-time degree program which focuses on broad-based tax skills along with the requisite management skill set to hold leadership positions in the field of taxation. The program has the following aspects :
- The program enhances the students' ability to research and analyze the complex issues of corporate taxation.
- The students are able to learn about Income tax, Sales tax, Service tax, VAT, Central Excise, apart from various other forms of filing income tax returns.
- The program promotes the learner's critical thinking as well as their problem-solving skills.
- It also enhances their leadership qualities.
- It has plenty of career opportunities and future scope for the students.
- It is apt for those who are aspiring to become Taxation professionals such as Accountants, Tax Analysts and Financial Advisors.
Why to study Post Graduate Program in Tax Management in Particular?
Since tax management has a pivotal role in modern times, all those students who are pursuing Post Graduate Program in Tax Management can be highly benefited in several ways as discussed below :
- The students will have an in-depth knowledge and detailed understanding of various forms of taxes and the ways to tackle issues related to them.
- The students will learn about Income tax, Sales tax, Service tax, VAT, Central Excise,etc.
- The course deals with various acts and laws related to taxation, development of skills through live projects and field visits.
- The students will get thoroughly acquainted with tax, accounting, tax software and tax collection methods and procedures.
- The course is directed towards creating experts and professionals in the field of taxation.
Post Graduate Program in Tax Management [PGPTM]: Syllabus
The detailed syllabus for the Post Graduate Program in Tax Management course is discussed below :
| Paper 1 | Paper 2 |
|---|---|
| Income Tax | Central Excise Act 1944 |
| Wealth Tax | Value Added Tax Act |
| Laws Affecting Taxation | - |
| Paper 3 | Paper 4 |
| Bookkeeping | Advanced Income Tax |
| Accountancy | Custom Act 1962 |
| Management Accounting | Service Act |
| Paper 5 | Paper 6 |
| Central Sales Tax | Skill Building Activities |
| State Minor Act | Compulsory Moots |
| Companies Act | Drafting Journals |
| Foreign Exchange Management Act | Field Visits |
| Projects | - |
| Viva | - |
Post Graduate Program in Tax Management [PGPTM]: Important Books
| Name of the Book | Author |
|---|---|
| Understanding Taxes in India | Ram Dutt |
| Income Tax Planning & Management | Dr. R K Jain |
| Tax Reforms in India | Rani Vaneeta |
| Management Accounting | R.S.N. Pillai |
| Tax System in India | M.M. Sury |
| Corporate Tax Planning & Management | Dr. Mehrotra & Dr. Goyal |
| Problems and Solutions in Income Tax | Dr. Mehrotra & Dr. Goyal |
Post Graduate Program in Tax Management [PGPTM]: Top Colleges
Tabulated below are some of the leading institutes that offer the Post Graduate Program in Tax Management :
| Institute Name | Average Course Fee |
|---|---|
| Faculty of Law, BHU | INR 20,000 |
| Symbiosis Law School | INR 19,000 |
| Sikkim Manipal University | INR 54,000 |
| Veer Narmad South Gujarat University | INR 40,000 |
| NSOU | INR 9,300 |
Post Graduate Program in Tax Management [PGPTM]: College Comparison
The following table represents the comparison between the above 2 colleges:
Symbiosis Law School vs Veer Narmad South Gujarat University
| Parameter | Symbiosis Law School, Pune | Veer Narmad South Gujarat University |
|---|---|---|
| Overview | A renowned private Institute which was established in 1977 under Symbiosis International University, Pune which offers LLB, BA-LLB, BBA-LLB at the UG level, LLM at the PG level, and also Diploma courses. | A state-level university, located in Surat, which was established in 1965 and is recognised by the University Grants Commission (UGC). The University offers 30 courses at UG, PG, diploma, certificate and doctoral levels. |
| Average Course Fee | INR 19,000 | INR 40,000 |
| Average Placement Package | INR 5 Lakhs | INR 10 Lakhs |
| Top Recruitment Companies | Bajaj Alliance, ACC Cement, H Energy, CIPLA, ICICI Bank, Kotak Mahindra Bank, etc. | TCS, Kansai Nerolac Paints, Telenor, Mahindra & Mahindra Financial Services Ltd, etc. |
| Research Options | M.Phil and Ph.D programs | - |
Post Graduate Program in Tax Management [PGPTM]: Course Comparison
Post Graduate Program in Tax Management vs Diploma in Taxation Law
The comparison between the above 2 courses can be drawn using the given table as follows :
| Parameter | Post Graduate Program in Tax Management | Diploma in Taxation Law |
|---|---|---|
| Purpose | The purpose of the course is to focus on broad-based tax skills and also the requisite management skill set to hold leadership positions in the field of taxation. | The course focuses on basic understanding of taxation. |
| Duration | 1 to 2 years | 1 year |
| Study Mode | Full time or Distance | Full time or Distance |
| Eligibility Criteria | Bachelor's degree in any discipline from a recognised university | 10+2 from any recognised board |
| Admission Process | Merit or Entrance test | Merit based |
| Course Fee | INR 20,000- 1.5 lakhs | INR 15,000- 1 lakh |
| Job Profile | Wealth Managers, Financial Advisors,Tax Consultants, Accountants etc. | Financial Advisors, Tax Collectors, Tax Managers etc. |
Post Graduate Program in Tax Management: Distance Education
Post Graduate Program in Tax Management Distance Education is basically a certified diploma level of program which has a duration of 1 year. The program is designed to provide the students with the opportunity to learn Indian taxation system and its related laws in detail.
For eligibility, the candidates should have completed their Graduation from any recognised university. The admission process of the Post Graduate Program in Tax Management course in distance mode of learning is conducted directly , usually held on the basis of the availability of seats. This program is ideal for those individuals who are aspiring to become Tax Consultants, Tax Analysts, Tax Advisor etc.
Post Graduate Program in Tax Management [PGPTM]: Top Colleges for Distance Education
The two most well known institutions offering Post Graduate Program in Tax Management in distance or correspondence mode of learning are:
- Netaji Subhas Open University (NSOU) , Kolkata
- Symbiosis Centre for Distance Learning, Mumbai
| Institute Name | Duration | Eligibility | Course Fee |
|---|---|---|---|
| NSOU | 1 year | Bachelor's degree from any recognised university | INR 30,000 |
| Symbiosis Centre for Distance Learning, Mumbai | 1 year | Bachelor's degree from any recognised university | INR 35,000 |
Post Graduate Program in Tax Management [PGPTM]: Job Prospects and Career
The Post Graduate Program in Tax Management offers ample career opportunities to the students. After successful completion of the program, the individuals can be recruited in several taxation and accountancy fields. The reputed job positions that are desired include Wealth Managers, Financial Advisors,Tax Consultants, Accountants, etc.
Post Graduate Program in Tax Management [PGPTM]: Job Profiles
| Name of the Job Profile | Description of the Job Profile | Average Salary |
|---|---|---|
| Accountant | To prepare balance sheets, profit and loss statements and other financial reports, to analyze trends, costs, revenues, financial commitments, etc. | INR 3 to 5 Lakhs |
| Assistant Wealth Manager | To counsel on wealth preservation, wealth transfer, wealth management and wealth growth, to assist clients manage their expenses and plan their budget according to their needs and requirements, etc. | INR 3 to 6 Lakhs |
| Financial Advisor | To advise the clients on investments, taxes, estate planning, college savings accounts, insurance, mortgages and retirement. | INR 4 to 7 Lakhs |
| Tax Consultant | To conduct research on tax laws, communicate with clients to explain tax issues, prepare tax returns, to estimate planning etc. | INR 2 to 7.4 Lakhs |
The Salary Trend Graph
The average salary trend of the above mentioned job positions is depicted in the following graph :
Post Graduate Program in Tax Management [PGPTM]: Future Scope
The future scope for those pursuing the PostGraduate Program in Tax Management is immense. It is highly advantageous especially the ones aspiring to become accountants, tax consultants or financial advisors.The candidates, after completing the program, can undoubtedly work in different government and private organisations related to taxation.
Post Graduate Program in Tax Management [PGPTM]: FAQs
Some of the most frequently asked questions related to Post Graduate Program in Tax Management are discussed as follows :
Ques. What is the basic purpose of pursuing a Post Graduate Program in Tax Management ?
Ques. What is the duration of Post Graduate Program in Tax Management ?
Ques. What is the minimum educational qualification required to pursue the program ?
Ques. What is the admission process of a Post Graduate Program in Tax Management ?
Ques. Who can opt for a Post Graduate Program in Tax Management ?
Ques. What is the examination system of the course ?
Ques. What is the average course fee of a Post Graduate Program in Tax Management?
Ques. What is the average salary package offered in the Post Graduate Program in Tax Management ?
Ques. What are the top recruiting areas available for Post Graduate Program in Tax Management ?
Ques. What are the career opportunities available to a candidate after completing the program ?
Ques. Can someone pursue the program in distance mode of learning ?
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