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B.Com Taxation: Course Details, Fees, Colleges, Admission, Eligibility, Salary

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.

Overview of B.Com Taxation

Level of Course Undergraduate
Full formBachelor of Commerce in Taxation
Duration of Course3 Years
Examination typeSemester
Eligibility Criteria10+2 examination with English and Mathematics
Process of Admission Merit-based or entrance exam
Course feeINR 5,000 – INR 5 lakhs
Average salaryINR 1.2 lakhs – INR 10 lakhs
Top RecruitersClaridges, L & T InfoTech, Google, Amazon, Newgen, Flipkart, Adobe, Snapdeal, Reliance, Just dial, Apollo, HP, Dell, etc.
Job PositionsFinancial 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.

Merit-based Admissions

  • 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.

Entrance-based Admissions

  • 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:

  1. JUEE: Jammu University Entrance Test
  2. CUCEE: Central Universities Common Entrance Test
  3. JMIEE: Jamia Millia Islamia Entrance exam
  4. IPU CET: Indraprastha University Common Entrance Test

Top Colleges for B.Com Taxation

College NameAverage Annual Fee
Sacred Heart College, ErnakulamINR 6,170
Osmania University, HyderabadINR 18,220
Chandigarh University, ChandigarhINR 96,000
Rabindranath Tagore University, BhopalINR 20,000
Woxsen University, HyderabadINR 2.50 lakhs
Jain University, BangaloreINR 1.20 lakhs
St. Albert’s College, ErnakulamINR 18,000
Christ University, BangaloreINR 3,345
CH Institute of Management & Commerce, IndoreINR 10,000
LNCT University, BhopalINR 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 ISemester II
Business mathematicsFinancial accounting
Income tax law procedureIncome tax law procedure
Indian tax systemIndian tax system
Fundamental principles of accountingPartnership accounting
Business organizationBusiness regulatory framework
Indian contract act and sale of goods actBusiness communications
Semester IIISemester IV
Income tax procedure & practiceAdvance cost accounts
Principles of statisticsIncome tax procedure & practice
Basics of company accountsAdvance corporate accounts
Indian company ActAdvanced statistics
Wealth tax & VAT Procedure and practicesWealth tax & VAT Procedure and practices
Theory and practice of costPrinciples of management
Semester VSemester VI
Income tax for individualsIndirect tax
Custom procedures & practiceCustom procedure & practice
Accounting for managersIncome tax for business
Marketing managementAuditing
Financial managementCentral excise procedure & practice
Central excise procedure & practiceHuman 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 BooksAuthors
Corporate taxationCheryl D. Block
The best zero tax planning toolsTim Voorhees
Federal Income TaxationMarvin Chirelstein & Lawrence Zelenak
Federal Taxation- Basic principlesJames R. Hasselback & Ephraim P. Smith
International Taxation in a NutshellRichard Doernberg
Principles of Taxation for Business and investment planningSally Jones & Shelley Rhoades- Catanach
South-Western Federal Taxation: Individual Income TaxesWilliam H. Hoffman, Annette Nellen
Essentials of Federal Income Taxation for Individual & BusinessLinda M. Johnson
Fundamentals of corporate taxationStephen Schwartz & Daniel Lathrope
K. Lasser’s 1001 deductions and tax breaksBarbara Weltman

Course Comparison: B.Com Taxation V/s B.Com Taxation & Finance

ParametersBCom TaxationBCom Taxation & Finance
OverviewThe 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 Course3 Years3 Years
Eligibility Criteria10+2 with at least 45% marks10+2 with at least 50% marks
Process of Admission Merit-based selection or entrance examsMerit-based selection or entrance exams
Average FeeINR 5,000 to INR 5 lakhsINR 12,000 to INR 3 lakhs
Job OpportunitiesChartered 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 RecruitersClaridges, 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 PackageINR 1.2 lakhs – INR 10 lakhsINR 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 ProfilesJob DescriptionAverage Annual Salary
Tax SpecialistAs 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 ManagerSenior 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
ActuariesAn 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
StockbrokersA 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 EstimatorsA 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

Ques. What are the highest-paying jobs after completing a B. Com?

Ans. Learning and development specialist, internal auditor, financial analyst, and account executive are the highest-paying jobs after a B. Com in Taxation.

Ques. Who are the people who are eligible for undergraduation courses?

Ans. Undergraduate courses are open to people who have completed their 12th grade with the least amount of marks required by colleges and universities.

Ques. I’m looking for a place in the B.Com Taxation programme. Is there anything I need to pass in order to do that?

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.

Ques. How do you enrol in colleges after passing the 10+2 exam?

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.

Ques. What courses are related to a B.Com in Taxation?

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.

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