Diploma in Taxation Course, Admissions, Eligibility, Syllabus, Fees, Career

What is a diploma in taxation?

Diploma in taxation is a one year certificate level diploma course that covers a variety of technical and practical areas with relevance to direct and indirect taxes, financial accounting, income tax, auditing, accounting management and more such related matters. The admission to diploma in taxation is based on merit for most of the colleges. However, there are a few universities that conduct their own entrance test for selecting the candidates for diploma in taxation.

After successful completion of a diploma in taxation, candidates can get various opportunities of work in both the private and public sector such as banking, stock market, and MNCs. In most of the cases, candidates are required to either complete an undergraduate or a PG diploma for better job opportunities. However, the average salary after completing a diploma in taxation is around Rs. 2.4 Lakh per annum.

Highlights - Diploma in Taxation

Diploma in taxation eligibility criteria:

Diploma in taxation eligibility criteria is defined as a minimum prerequisite defined by the universities or admission conducting authorities to select the eligible candidates from a pool of candidates. Students who fail to meet the eligibility criteria are not allowed to participate in the diploma in taxation admission process. Hence, students must check the eligibility criteria for a particular university beforehand.

The diploma in taxation eligibility criteria varies for every institute but here we have curated some of the common parameters of eligibility criteria required by every university or institute:

• Candidates aspiring for admission in diploma in taxation courses must have successfully completed 10+2 from a recognised board of India.
• The required percentage varies for every university. Students are advised to check the percentage from the university website or contact the admissions office for the same.

Diploma in Taxation Admission:

The diploma in taxation admission process is different for every university and institute. Some institutes prefer admitting students on the basis of 10+2 merit and first come - first served basis. While other institutes conduct their own entrance examinations and prepare a merit list to offer admission to diploma in taxation courses. Some of the common admission process is mentioned below:

• For either of the admission process, candidates are required to fill the online application form and submit the required documents and application fees beforehand.
• The admission authorities verify the details of applicants and send them the admission offer letter.

Top Entrance Exams for Diploma in Taxation:

Most colleges do not conduct any entrance examination for admission to diploma in taxation courses. However, there are a few universities that conduct their own entrance exam and provide admission on the basis of that entrance exam.

IPU CET: IPU CET is one of the top entrance examinations when it comes to admission of diploma in taxation courses. The entrance exam is conducted by GGSIPU for admission to diploma in taxation and various other undergraduate level courses.

Diploma in Taxation Skills Required

Diploma in taxation is a course that deals with a lot of numbers and their manipulation. Additionally, candidates are required to possess a great eye for detail. With such skills, one can excel in the field of taxation and auditing. Some of the most important skills required to perform above the bar in diploma in taxation are mentioned below:

Diploma in Taxation Syllabus

Diploma in taxation is a one year certification level diploma course segregated into two semesters. Each semester has some of the core subjects of taxation along with practical aspects to it. Prospective candidates can find the complete syllabus for one year diploma in taxation below:

Diploma in Taxation Fee Structure

The fee structure for diploma in taxation courses differs for every institute. The fee structure is prepared on the basis of the number of facilities and quality of education one institute offers. However, the average fee structure for diploma in taxation courses is somewhere around Rs. 50,000 to Rs. 2 Lakh for the entire duration.

Scope of Diploma in Taxation:

Diploma in taxation is an entry-level qualification course for students aspiring to have a career in taxing, financing, or auditing. Candidates with a certification level diploma in taxation course can get entry-level job opportunities in various firms given they exhibit the required skills. Students can also choose to pursue a higher degree such as BA LLB, LLB, BBA LLB, LLM.

There are tremendous opportunities in the field of taxation and finance with lucrative benefits. Finance jobs are bound to increase with the increase in entrepreneurship culture in the business world. Interested students can also pursue taxation law after completing their course. The average salary for a well qualified candidate in taxation and finance is around Rs. 6.5 Lakh per annum.

Career Options after Diploma in Taxation:

After completing a diploma in taxation course, students are provided with two options - either to start working at an entry level job for a finance firm, tax and audit company. Most of the students choose to pursue a higher degree since there are better chances of job after a post graduation or a complete bachelors. If students are interested in excelling in the field upto managerial level, they are required to get a postgraduate degree. The salary bar is also high for candidates who have a higher degree.

List of popular career options after diploma in taxation:

There are various types of job roles one can choose to pursue after completing a diploma in taxation. Candidates are advised to choose the job according to their area of interest, knowledge in the field and competitive factor in the market. Some of the popular career options after completing diploma in taxation are mentioned below:

Auditor - An auditor is a professional who is responsible for collecting and reviewing audited financial information. An auditor is also responsible for constantly monitoring the financial progressions and ensuring that the organisation is functioning with full efficiency. Additionally, they also make sure that all the taxes of a company are paid on time and that company is booming financially.

Financial analyst - A financial analyst is a professional who is responsible for guiding an organisation in terms of financial investments. A financial analyst is responsible for analysing the stock market and the company’s position to invest in the potential stocks available.

Tax collector - A tax collector is a professional who is responsible for gathering financial information, going on field checks for audits, evaluating financial information, and maintaining the book keeping system. They also check and tally the tax data for previous quarters and ensure no anomaly is left behind.

Accountant - An accountant is a professional who is responsible for providing financial information to tax auditors, stakeholders, managers, investors and others so that appropriate financial decisions can be made regarding the allocation of company resources. At large companies, accountants are responsible for ensuring that company finances are in the right order and all the transitions are transparent.

Financial advisor - A financial advisor is a person responsible for studying the current financial trends, analysing the consumer market and risks associated within the financial aspects, and briefing company or individual clients so that they can make an appropriate investment decision.

Top recruiters:

• HDFC Bank

• Citi Bank

• Amazon

• ICICI Bank

• HSBC

• Google

• Axis Bank

• IBM

• Accenture

• Cognizant

• WIPRO

Benefits of studying diploma in taxation

Diploma in taxation is an appropriate course to have complete knowledge around taxation and laws related to it. It is an entry-level qualification course for students aspiring to have a career in taxing, financing, or auditing. The course is beneficial for students since it offers tremendous opportunities in the field of taxation and finance with lucrative benefits. After successful completion of a diploma in taxation, candidates can get various opportunities of work in both the private and public sector such as banking, stock market, and MNCs.

Expected salary after diploma in taxation:

The average salary for a well qualified candidate in taxation and finance is around Rs. 6.5 Lakh per annum. In most of the cases, candidates are required to either complete an undergraduate or a PG diploma for better job opportunities. However, the average salary after completing a diploma in taxation is around Rs. 2.4 Lakh per annum. The average salary according to level of experience is mentioned below:

Browse top Diploma in Taxation in Top Locations:

Job opportunities for diploma in taxation graduates are better in Tier-1 cities. Students can find the top diploma in taxation colleges for top locations in India in the table below:

List of Top 10 Colleges in India Offering Diploma in Taxation:

There are some universities with exceptional academic curriculum and good placement statistics that offer quality education, which makes them top colleges in diploma in taxation. Students can find the top 10 diploma in taxation colleges in India in the table below:

Top Private Colleges in India Offering Diploma in Taxation

Since there are a limited number of seats available in the government colleges, there are various private colleges that offer exceptional academic qualifications for diploma in taxation courses. Students can find the top 10 private diploma in taxation colleges in India in the table below:

Top Government Colleges in India Offering Diploma in Taxation

The government colleges in India that offer diploma in taxation courses are quite popular not only because they offer quality education but also because of less fees. Students can find the top 10 government diploma in taxation colleges in India in the table below: