B.Com Taxation is a bachelor’s degree programme in taxation. The B.Com Taxation course prepares students for technical training in taxation, finance, and accounting, as well as providing a strong foundation in these fields. The course covers the fundamentals of financial structure and microeconomic theory, with a special emphasis on tax evaluation. According to several recent surveys, an increasing number of students are opting to pursue a B.Com in taxation, which will enable them to pursue a successful career.
Table of Contents
Overview of B.Com Taxation
|Level of Course||Undergraduate|
|Full form||Bachelor of Commerce in Taxation|
|Duration of Course||3 Years|
|Eligibility Criteria||10+2 examination with English and Mathematics|
|Process of Admission||Merit-based or entrance exam|
|Course fee||INR 5,000 – INR 5 lakhs|
|Average salary||INR 1.2 lakhs – INR 10 lakhs|
|Top Recruiters||Claridges, L & T InfoTech, Google, Amazon, Newgen, Flipkart, Adobe, Snapdeal, Reliance, Just dial, Apollo, HP, Dell, etc.|
|Job Positions||Financial Risk Manager, Tax Consultant, Tax Specialist, Senior Tax Manager, Tax Compliance Manager, Cost Estimators, Lecturer, Stockbrokers, Financial Analyst, Actuaries, Etc.|
B.Com Taxation: Introduction
The Bachelor of Commerce in Taxation is a three-year degree programme.
- Students will learn about taxation and bookkeeping, as well as overseeing monetary arrangements.
- In the fields of taxation, finance, and accounting, students become professionals.
- As they have a specialisation in taxation, finance, or accounting, they are given the easier role of leadership or management in the finance sector.
- A wide range of opportunities has opened up in this field, and more people are considering it as a career option.
Eligibility Criteria for B.Com Taxation
Candidates must meet the following eligibility criteria in order to be admitted to the B.Com Taxation programme:
- Candidates must have passed a recognised board’s 10 + 2 or equivalent examination in any subject.
- Candidates must obtain a minimum of 45 percent on their qualifying examination in order to be considered for admission (Relaxation for Reserved Class which also be available in some colleges).
- The applicants do not have any compartments in any of the subjects at the time of admission.
- To be eligible for the benefits, students from the reserved group must submit a reservation certification issued by the appropriate authorities.
- In addition to the above eligibility requirements, different colleges and institutes may have additional requirements that students must meet in order to be admitted to B.Com Taxation.
Admission Process for B.Com Taxation
Students are enrolled in colleges and universities using one of two methods. Merit-based selection and entrance exams are the methods used.
- Colleges will announce cutoffs after the 10+2 examination.
- You should be aware of your percentage and check it in various lists.
- Dates for document verification will be announced by colleges and universities.
- Students must go to the colleges for document verification and enrollment.
- To avoid losing the college’s good, pay your tuition fees on time.
- Students must be aware of the registration form’s release date.
- Fill out the form and pay the fees on time (if required).
- The registration form will be completed online through the college’s website.
- They will issue an admit card with the examination date and location after you have registered.
- You must take the exam and wait for the results before the date is announced.
- They announce dates for the verification of documents. Your 10th and 12th grade mark sheets, as well as photographs and certificates such as migration certificates and provisional certificates, are among the documents.
- To avoid losing the college’s good, pay your tuition fees on time.
Benefits of Pursuing B.Com Taxation
Students should choose the B.Com in Taxation course because:
- Students can develop a successful career in the field of taxation with a good package after earning their bachelor’s degree.
- Students interested in becoming tax consultants should take this course to learn how to develop a company’s strategies.
- Students will learn management and quantitative techniques in order to expand their career options.
- You can work in marketing, foreign trade, public accounting, and other fields.
Tips for Taking Admission in a Good College for B.Com Taxation
Here are some points on how to get into a good college:
- You should be enthusiastic about the topic you’ve chosen.
- To get into a good college, candidates must score at least 45 percent in their 10+2 exams.
- Cover the entire entrance exam syllabus.
- As much as possible, practise with model test papers. It gives you an idea of the types of questions and their duration.
- To avoid rejection, read the questions and chapters carefully.
- Choose an interesting subject in 10+2 because you will need to see them in order to build your future career.
- Extracurricular activities are a great way to gain new skills, certificates, and awards.
Entrance Exams for B.Com Taxation
The following entrance exam are taken:
- JUEE: Jammu University Entrance Test
- CUCEE: Central Universities Common Entrance Test
- JMIEE: Jamia Millia Islamia Entrance exam
- IPU CET: Indraprastha University Common Entrance Test
Top Colleges for B.Com Taxation
|College Name||Average Annual Fee|
|Sacred Heart College, Ernakulam||INR 6,170|
|Osmania University, Hyderabad||INR 18,220|
|Chandigarh University, Chandigarh||INR 96,000|
|Rabindranath Tagore University, Bhopal||INR 20,000|
|Woxsen University, Hyderabad||INR 2.50 lakhs|
|Jain University, Bangalore||INR 1.20 lakhs|
|St. Albert’s College, Ernakulam||INR 18,000|
|Christ University, Bangalore||INR 3,345|
|CH Institute of Management & Commerce, Indore||INR 10,000|
|LNCT University, Bhopal||INR 35,000|
Syllabus for B.Com Taxation
As the course B.Com in taxation is three years long, the syllabus is divided into six semesters:
|Semester I||Semester II|
|Business mathematics||Financial accounting|
|Income tax law procedure||Income tax law procedure|
|Indian tax system||Indian tax system|
|Fundamental principles of accounting||Partnership accounting|
|Business organization||Business regulatory framework|
|Indian contract act and sale of goods act||Business communications|
|Semester III||Semester IV|
|Income tax procedure & practice||Advance cost accounts|
|Principles of statistics||Income tax procedure & practice|
|Basics of company accounts||Advance corporate accounts|
|Indian company Act||Advanced statistics|
|Wealth tax & VAT Procedure and practices||Wealth tax & VAT Procedure and practices|
|Theory and practice of cost||Principles of management|
|Semester V||Semester VI|
|Income tax for individuals||Indirect tax|
|Custom procedures & practice||Custom procedure & practice|
|Accounting for managers||Income tax for business|
|Financial management||Central excise procedure & practice|
|Central excise procedure & practice||Human resource management|
Recommended Books for B.Com Taxation
Every person pursuing a B.Com in taxation should read these books by the best authors. The following are the top ten books to read:
|Name of the Books||Authors|
|Corporate taxation||Cheryl D. Block|
|The best zero tax planning tools||Tim Voorhees|
|Federal Income Taxation||Marvin Chirelstein & Lawrence Zelenak|
|Federal Taxation- Basic principles||James R. Hasselback & Ephraim P. Smith|
|International Taxation in a Nutshell||Richard Doernberg|
|Principles of Taxation for Business and investment planning||Sally Jones & Shelley Rhoades- Catanach|
|South-Western Federal Taxation: Individual Income Taxes||William H. Hoffman, Annette Nellen|
|Essentials of Federal Income Taxation for Individual & Business||Linda M. Johnson|
|Fundamentals of corporate taxation||Stephen Schwartz & Daniel Lathrope|
|K. Lasser’s 1001 deductions and tax breaks||Barbara Weltman|
Course Comparison: B.Com Taxation V/s B.Com Taxation & Finance
|Parameters||BCom Taxation||BCom Taxation & Finance|
|Overview||The Bachelor of Commerce in Taxation is a three-year degree programme. Of course, the type is still in its formative stages. Students will learn about taxation and bookkeeping, as well as overseeing monetary arrangements. They will learn how to tax taxable incomes.||The Bachelor of Commerce in Taxation and Finance, or B. Com (taxation and Finance), is a three-year programme. The course is a graduation-level course. The focus of this course was on taxation and finance. This course will assist you in becoming a professional by assisting you in collecting appropriate funds and properly utilising them to ensure both public and private welfare.|
|Duration of Course||3 Years||3 Years|
|Eligibility Criteria||10+2 with at least 45% marks||10+2 with at least 50% marks|
|Process of Admission||Merit-based selection or entrance exams||Merit-based selection or entrance exams|
|Average Fee||INR 5,000 to INR 5 lakhs||INR 12,000 to INR 3 lakhs|
|Job Opportunities||Chartered Accountant, financial risk manager, tax consultant, tax compliance manager, cost estimators, lecturer, tax specialist, senior tax manager,stockbrokers, financial analyst, actuaries, etc.||Finance manager, income tax officer, tax consultant, assistant accountant, auditor, cost accountant, budget analyst, etc.|
|Top Recruiters||Claridges, L & T InfoTech, Newgen, Flipkart, Adobe, Snapdeal, Reliance, Just dial, Google, Amazon, Apollo, HP, Dell, etc.||The sales tax department, import firms, export forms, docks, airports, Indian economic services, income tax department, banking sector, colleges or universities, etc.|
|Average Salary Package||INR 1.2 lakhs – INR 10 lakhs||INR 1.8 lakhs – 12 lakhs|
Job Profiles in B.Com Taxation
Chartered Accountant, financial risk manager, tax consultant, tax specialist, senior tax manager, tax compliance manager, cost estimators, lecturer, stockbrokers, financial analyst, actuaries, and other job roles are available after completing a B. Com in Taxation.
|Job Profiles||Job Description||Average Annual Salary|
|Tax Specialist||As they are known as tax consultants, tax specialists play a critical role. They are experts in the fields of tax law, planning, and compilation. Businesses and individuals, as well as clients, will benefit from the updated new tax laws and services.||INR 6.87 lakhs|
|Senior Tax Manager||Senior tax managers play an important role in evaluating tax documents and preparing timely tax returns. They ensure that the company’s accounting procedures comply with state and local regulations.||INR 30 lakhs|
|Actuaries||An actuary is a professional who oversees and analyses a company’s or organization’s financial position. They use statistics, mathematics, and the company’s financial statements to forecast a future event.||INR 15 lakhs to INR 20 lakhs|
|Stockbrokers||A stockbroker’s job is to sell and buy stocks on the stock exchange. They make purchases and sales on behalf of investors.||INR 3.95 lakhs|
|Cost Estimators||A cost estimator’s job entails gathering data and analysing it in order to meet the needs of manufacturing a product, constructing a building, or providing any other service. They look at things like time, money, labour, and other resources.||INR 11.73 lakhs|
Scope of B.Com Taxation
- Master of Business Administration (MBA), M.Com, Chartered Accountant (CA), Company Secretary (CS), Chartered Financial Analyst (CFA), Business accounting and taxation (BAT), certified management account (CMA), actuarial science, B. Ed., US Certified public accounting (CPA) are some of the higher studies available after completing a B.Com in Taxation.
- Claridges, L&T InfoTech, Google, Amazon, Newgen, Flipkart, Adobe, Snapdeal, Reliance, Just dial, Apollo, HP, Dell, and others are among the companies that participate in the hiring process.
- Schools, colleges, and universities, as well as the sales department, the income tax department, the airport, and the banking sector, are all places where people work.
- Chartered Accountant, financial risk manager, tax consultant, tax specialist, senior tax manager, tax compliance manager, cost estimators, lecturer, stockbrokers, financial analyst, actuaries, and other positions are available to candidates.
Frequently Asked Questions
Ans. Learning and development specialist, internal auditor, financial analyst, and account executive are the highest-paying jobs after a B. Com in Taxation.
Ans. Undergraduate courses are open to people who have completed their 12th grade with the least amount of marks required by colleges and universities.
Ans. Central Universities Common Entrance Test, Jammu University Entrance Test, Maharshi Dayanand University Common Entrance Exam, Jamia Millia Islamia Entrance Exam, and Indraprastha University Common Entrance Test are just a few of the exams you can take to get into B.Com Taxation programmes.
Ans. After passing the 10+2 examination, students can enrol themselves by filling out a registration form. They must pay the registration fees before the deadline. There are two types of application forms: online and offline.
Ans. Bachelor of commerce in computer applications, Bachelor of commerce in accounting and finance, and Bachelor of commerce in corporate secretaryship are all courses related to B.Com in Taxation.