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

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

Edited By Team Careers360 | Updated on Jun 17, 2021 01:08 PM IST

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

Particulars

Values

Degree Name

Diploma in taxation

Degree Type

Certificate level

Degree Duration

1 year

Entrance Exams

IPU CET

Eligibility Criteria

10+2 from any stream

Admission process

Merit based or entrance exam based

Cutoff

Merit based

Fees for the entire duration

Rs. 50,000 to Rs. 2 Lakh

Average Salary

Rs. 2.4 Lakh per annum

Job profiles

Accountant, tax analyst, tax accountant. auditor

Top recruiters

Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL),


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.

Also Read: IP University Admission


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:

Numerical Ability

Communication skills

Observation skills

Eye for detail

Logical reasoning

Critical thinking

Analytical skills

Problem solving ability


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:

Semester 1

Semester 2

Income tax paper 1

Income tax paper 1

Income tax paper 2

Income tax paper 2

Indirect taxes 1

Indirect taxes 2

Financial accounting and analysis

Financial accounting and analysis 2

Organisation and management

Communication skills

Computer applications and introduction to tally

Principles of auditing


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:

Level of Experience

Average Salary (per annum)

0 - 1 year

Rs. 1.2 Lakh

1 - 3 years

Rs 2.4 Lakh

Above 5 years

Rs. 4 Lakh


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:

Frequently Asked Question (FAQs)

1. 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, auditingaccounting management and more such related matters.

2. Which companies hire diploma in taxation graduates?

ICICI Bank, HSBC, Google, Axis Bank and IBM are some of the top recruiters of these graduates.

3. What is the eligibility criteria for a diploma in taxation?

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.

4. What is the admission criteria for a diploma in taxation?

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.

5. Are there any entrance examinations for admission to diploma in taxation courses?

IPU CET is one of the top entrance examinations when it comes to admission of diploma in taxation courses.

6. What are the skills required for a diploma in taxation?

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.

7. What is the fee structure of a diploma in taxation?

The fee structure for diploma in taxation courses differs for every institute. However, the average fee structure for diploma in taxation courses is somewhere around Rs. 50,000 to Rs. 2 Lakh for the entire duration. 

8. What is the scope of a diploma in taxation?

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.

9. What are the career options after completing a 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 or students can choose to pursue a higher degree - Bachelors or a PG diploma.

10. Who is a 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. 

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Get answers from students and experts

 5 g of Na2SO4 was dissolved in x g of H2O. The change in freezing point was found to be 3.820C.  If Na2SO4 is 81.5% ionised, the value of x (Kf for water=1.860C kg mol−1) is approximately : (molar mass of S=32 g mol−1 and that of Na=23 g mol−1)
Option: 1  15 g
Option: 2  25 g
Option: 3  45 g
Option: 4  65 g  
 

 50 mL of 0.2 M ammonia solution is treated with 25 mL of 0.2 M HCl.  If pKb of ammonia solution is 4.75, the pH of the mixture will be :
Option: 1 3.75
Option: 2 4.75
Option: 3 8.25
Option: 4 9.25
 

CH_3-CH=CH-CH_3+Br_2\overset{CCl_4}{\rightarrow}A

What is A?

Option: 1

CH_3-CH(Br)-CH_2-CH_3


Option: 2

CH_3-CH(Br)-CH(Br)-CH_3


Option: 3

CH_3-CH_2-CH_2-CH_2Br


Option: 4

None


\mathrm{NaNO_{3}} when heated gives a white solid A and two gases B and C. B and C are two important atmospheric gases. What is A, B and C ?

Option: 1

\mathrm{A}: \mathrm{NaNO}_2 \mathrm{~B}: \mathrm{O}_2 \mathrm{C}: \mathrm{N}_2


Option: 2

A: \mathrm{Na}_2 \mathrm{OB}: \mathrm{O}_2 \mathrm{C}: \mathrm{N}_2


Option: 3

A: \mathrm{NaNO}_2 \mathrm{~B}: \mathrm{O}_2 \mathrm{C}: \mathrm{Cl}_2


Option: 4

\mathrm{A}: \mathrm{Na}_2 \mathrm{OB}: \mathrm{O}_2 \mathrm{C}: \mathrm{Cl}_2


C_1+2 C_2+3 C_3+\ldots .n C_n=

Option: 1

2^n


Option: 2

\text { n. } 2^n


Option: 3

\text { n. } 2^{n-1}


Option: 4

n \cdot 2^{n+1}


 

A capacitor is made of two square plates each of side 'a' making a very small angle \alpha between them, as shown in the figure. The capacitance will be close to : 
Option: 1 \frac{\epsilon _{0}a^{2}}{d}\left ( 1 - \frac{\alpha a }{4 d } \right )

Option: 2 \frac{\epsilon _{0}a^{2}}{d}\left ( 1 + \frac{\alpha a }{4 d } \right )

Option: 3 \frac{\epsilon _{0}a^{2}}{d}\left ( 1 - \frac{\alpha a }{2 d } \right )

Option: 4 \frac{\epsilon _{0}a^{2}}{d}\left ( 1 - \frac{3 \alpha a }{2 d } \right )
 

 Among the following compounds, the increasing order of their basic strength is
Option: 1  (I) < (II) < (IV) < (III)
Option: 2  (I) < (II) < (III) < (IV)
Option: 3  (II) < (I) < (IV) < (III)
Option: 4  (II) < (I) < (III) < (IV)
 

 An ideal gas undergoes a quasi static, reversible process in which its molar heat capacity C remains constant.  If during  this process the relation of pressure P and volume V is given by PVn=constant,  then n is given by (Here CP and CV are molar specific heat at constant pressure and constant volume, respectively)
Option: 1  n=\frac{C_{p}}{C_{v}}


Option: 2  n=\frac{C-C_{p}}{C-C_{v}}


Option: 3 n=\frac{C_{p}-C}{C-C_{v}}

Option: 4  n=\frac{C-C_{v}}{C-C_{p}}
 

As shown in the figure, a battery of emf \epsilon is connected to an inductor L and resistance R in series. The switch is closed at t = 0. The total charge that flows from the battery, between t = 0 and t = tc (tc is the time constant of the circuit ) is : 


Option: 1 \frac{\epsilon L }{R^{2}} \left ( 1 - \frac{1}{e} \right )
Option: 2 \frac{\epsilon L }{R^{2}}


Option: 3 \frac{\epsilon R }{eL^{2}}

Option: 4 \frac{\epsilon L }{eR^{2}}
 

As shown in the figure, a particle of mass 10 kg is placed at a point A. When the particle is slightly displaced to its right, it starts moving and reaches the point B. The speed  of the particle at B is x m/s. (Take g = 10 m/s2 ) The value of 'x' to the nearest is ___________.
Option: 1 10
Option: 2 20
Option: 3 40
Option: 4 15

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A career as social media manager involves implementing the company’s or brand’s marketing plan across all social media channels. Social media managers help in building or improving a brand’s or a company’s website traffic, build brand awareness, create and implement marketing and brand strategy. Social media managers are key to important social communication as well.

2 Jobs Available
Photographer

Photography is considered both a science and an art, an artistic means of expression in which the camera replaces the pen. In a career as a photographer, an individual is hired to capture the moments of public and private events, such as press conferences or weddings, or may also work inside a studio, where people go to get their picture clicked. Photography is divided into many streams each generating numerous career opportunities in photography. With the boom in advertising, media, and the fashion industry, photography has emerged as a lucrative and thrilling career option for many Indian youths.

2 Jobs Available
Producer

An individual who is pursuing a career as a producer is responsible for managing the business aspects of production. They are involved in each aspect of production from its inception to deception. Famous movie producers review the script, recommend changes and visualise the story. 

They are responsible for overseeing the finance involved in the project and distributing the film for broadcasting on various platforms. A career as a producer is quite fulfilling as well as exhaustive in terms of playing different roles in order for a production to be successful. Famous movie producers are responsible for hiring creative and technical personnel on contract basis.

2 Jobs Available
Copy Writer

In a career as a copywriter, one has to consult with the client and understand the brief well. A career as a copywriter has a lot to offer to deserving candidates. Several new mediums of advertising are opening therefore making it a lucrative career choice. Students can pursue various copywriter courses such as Journalism, Advertising, Marketing Management. Here, we have discussed how to become a freelance copywriter, copywriter career path, how to become a copywriter in India, and copywriting career outlook. 

5 Jobs Available
Vlogger

In a career as a vlogger, one generally works for himself or herself. However, once an individual has gained viewership there are several brands and companies that approach them for paid collaboration. It is one of those fields where an individual can earn well while following his or her passion. 

Ever since internet costs got reduced the viewership for these types of content has increased on a large scale. Therefore, a career as a vlogger has a lot to offer. If you want to know more about the Vlogger eligibility, roles and responsibilities then continue reading the article. 

3 Jobs Available
Publisher

For publishing books, newspapers, magazines and digital material, editorial and commercial strategies are set by publishers. Individuals in publishing career paths make choices about the markets their businesses will reach and the type of content that their audience will be served. Individuals in book publisher careers collaborate with editorial staff, designers, authors, and freelance contributors who develop and manage the creation of content.

3 Jobs Available
Journalist

Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

3 Jobs Available
Editor

Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

3 Jobs Available
Reporter

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication), B.M.M. (Bachelor of Mass Media), or MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

2 Jobs Available
Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

2 Jobs Available
Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
QA Manager
4 Jobs Available
AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

4 Jobs Available
Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

4 Jobs Available
Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

3 Jobs Available
ITSM Manager
3 Jobs Available
Automation Test Engineer

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

2 Jobs Available
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