Career in Taxation

What: Taxation is a process of imposing financial charge (tax) on the citizens who earn ‘taxable’ income. Tax is levied upon the tax payers by the Central Government, State Government or any authority of a state, such as the Municipality or the Local Council. Tax collection is an important role of the government, because the tax paid by the citizens forms its integral source of income. Commerce graduates and post graduates are generally hired for jobs in the field of taxation. Many institutes in India are conducting courses in the field, to produce competent professionals who can work in the field of taxation. A career in taxation challenges you to stay on the leading edge of tax issues. Taxation involves dealing with direct taxes, assessment of taxes, filing returns and providing advice on indirect taxes. While direct tax is the tax collected directly from the people in the way of income tax, property tax, wealth tax etc.; indirect tax is the tax collected from the customers on the goods purchased or for the service provided. For eg: VAT, sales tax, excise duty, customs duty etc. 

Remuneration in the field of taxation varies from one organization to the other. However, beginners can earn a salary of Rs 200000-Rs500000 per annum.

How: Public sector undertakings are always in demand of efficient professionals who can deliver good performance in the field of taxation. The aspirants can join any related organizations as Tax Accountant, Employment Tax Specialists, State Local Tax Attorney specialists, Tax Policy Analyst, Tax Recruiter, tax advisor, Tax Manager, Tax Examiners etc. A career in Taxation invites you to be a progressive, innovative team member of a high-quality, professional organization. Tax consultants are generally people who are well aware of the different forms of taxes which are to be paid and use their knowledge in order to advice people or companies as to how to go about it. Providing suggestions and giving useful insights on how to handle the various aspects of dealing with taxes is a job of a tax consultant. Once you have done the taxation related courses and have some work experience in the field of taxation, then you can opt for a tax consultant’s job profile. On the whole, the main aim of any tax consultant should be to make maximum use of all of his or her technical knowledge for the betterment of the client/company he is working.

Where: The aspirants having sound knowledge of taxation are appointed as tax accountant, revenue managers, tax analyst, tax recruiter, tax advisor, tax examiners, property tax consultants, business tax consultant, income tax consultant, tax manager and collectors. There are many other job opportunities such as lawyers, tax counsels and defence attorneys. Tax people in Indian Revenue Service hold the top positions. They are aggressive professionals in their field as they have immense responsibilities on them.

Institutions: (see below)