Taxation is a course that churns tax consultants who then become experts in the tax law of the country. Therefore, for those who wish to become a tax consultant, it is necessary for them to complete the course of taxation that comprises of laws regarding tax, upcoming income tax, rules of tax etc. The professionals are guide people on how to file taxes and advice the clients as well.
It is the main responsibility of the tax consultant to help the client file the tax within the time frame and according to the law of the country. It is their responsibility to help them submit the documents to the government office of the internal revenue service.
To be eligible to apply for the taxation course, one must be a graduate in the related discipline and should have completed a Bachelor's degree course in any stream to opt for the CPA course. One should have studied in a reputed college. It is also a must that the candidate is above 18 years of age with a 12th grade of schooling. One can also pursue a post graduation course in taxation as well.
A career in taxation provides lucrative opportunities to have a bright future. Candidates from the taxation background can get jobs at any company, banks, offices, institutions, colleges, government offices and many more. Moreover, one can get a job anywhere in the world. One can be a tax advisor, employment tax specialists, tax examiner, revenue agents, collectors, tax policy analyst, tax manager, state local tax attorney specialist, etc. One can also work independently by owning his own firm.
The salary of the tax consultant who is a fresher can be around Rs. 25,000 per month and can increase according to the education and most prominently due to the experience. The more experienced you are your salary can get around Rs. 75,000 per month.
To be a tax consultant one has to be a hard worker, honest and determined to achieve his/her goal. It is necessary for the student to study the post graduation course in taxation or complete the CPA course that is carried out by the CPA council. One can opt for various courses in Taxation that are very attractive and have a great knowledge and training in taxation. Some of the courses that can be done are the, certification course in taxation, degree course in taxation, doctorate level course. There are not many colleges that take up entrance exam. However, there are some institutions that may like students to appear for the entrance exam.
India has several colleges that can help students get good knowledge, education and training. The list is as follows: