What are taxation courses?
Taxation courses impart fundamental knowledge of the major conceptual, research and technical issues in the taxation arena. Skills in finance, accounting and economics with special emphasis given to taxation are gained through these courses offered at undergraduate and postgraduate levels.
A variety of areas like property tax, value added tax, service tax and income tax among others, are delved into during taxation courses. Students also get exposed to indirect taxes such as wealth tax, central excise tax, etc.
Knowledge of tax procedures and law can go a long way not only to help you navigate through your taxes with ease but also to help you be gainfully employed in a variety of fields. Upon completion of taxation courses, students become capable to perform well in banks, financial institutions, and accounting and marketing jobs, among others.
Job Prospects at UG Level
A person who has completed Bachelor’s level Taxation courses can opt for a career in fields, including Finance Management, Financial Accounting, Auditing, Banking, Investment Management, Public Relation, Business Administration, Inventory Control and Policy Planning.
Also, those who have completed their B Com in taxation are well-suited to be audit assistants, finance executives, accounts assistant and much more. One can apply for the post of tax assistant in both the private and government sectors. Also, various government departments such as Department of Excise and Taxation, and Income tax department of India, among others, remain in need of graduates from taxation courses.
Further, one can find employment in areas, such as marketing, working capital management, inventory control, banks, business consultancies, budget planning, investment banking, policy planning, treasury and Forex department, etc.
Moreover, pass outs of Bachelor’s level Taxation courses can serve as a cost estimator, tax assistant, actuary, chief financial officer, cost estimator, entrepreneurship, certified public accountant, budget analyst, financial analyst, investment analyst, business consultant, human resource manager, chartered management accountant, lecturer, personal financial advisor and marketing manager.
Job Prospects at PG Level
A postgraduate in taxation courses can be employed in various sectors, including rural management, banking, investment management, public relation, business administration, retail management, finance management, marketing management, taxation, etc.
After completing postgraduate taxation courses, one can apply for various posts, such as financial analyst, money manager, personal finance consultant, market analyst, investment analyst, senior accountant, operation manager, investment banker, marketing manager, securities analyst, etc.
Skill Sets Required
You need to either have the following attributes before enrolling into or be ready to acquire the same while pursuing undergraduate and postgraduate taxation courses:
Systems Analytical Skills: A basic understanding of systems analysis is required.
Mathematical Skills: Knowledge and aptitude for geometry, arithmetic, calculus, algebra and statistics.
Procedural Knowledge: A candidate aspiring to opt for a Taxation Course should possess knowledge of clerical and administrative procedures will help.
Strong Fundamentals: A candidate must have a strong economics and accounting base.
Creativity: Ability to think out of the box will help in this line.
Problem-solving skills: The capacity to figure out solutions to complex problems will make one more efficient while dealing with tax related matters.
Strong interpersonal skills: People planning to do Taxation Course should have great communication skills, which will help them to go a long way in meeting with clients and other key financial players are integral.
Good work ethics: This will give you an edge over when it comes to killing competition.
Analytical mindset: It is required to identify patterns, analyse data and draw conclusions.