- Degree Course Type
- Entry Level Qualification
- Degree Course Duration
- Course Fields
- Degree Course Entrance Exam
- Average Course Fee
- Average Salary Offered
- Course Details
- Course Highlights
- About Course
- Why Choose Course And Required Skills
- Eligibility
- Entrance Exams Details
- Degree Course Syllabus
- Top Colleges
- Course Fees
- Top Recruiters And Salary
- Course Scope And Career Options
- Admission Process
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Course Details
UG, PG & DIPLOMA COURSE IN TAX LAW
Degree Course Type
Bachelors, Masters, Diploma
Entry Level Qualification
Class 10+2
Degree Course Duration
3 Year
Course Fields
Law
Average Course Fee
50000 - 150000
Average Salary Offered
120000 - 200000
Course Highlights
Tax law is the body of rules under which a public authority has a claim on taxpayers, requiring them to transfer to the authority part of their income or property. The power to impose taxes is generally recognized as a right of governments.
Popular Law UG courses in India. The popular UG law courses are Bachelor of Law (LLB) and dual degree. Students can opt for a Bachelor of Law degree after completing graduation in any subject. For dual degrees, the eligibility is 10 + 2 in any subject (For example- B.Com + LLB the students need 10 + 2 in commerce).
About Course
Tax laws are defined as the legal rules and procedures governing the tax owed by the citizens to their government. Taxes in India are levied by the State Governments and the Central Government. While tax law might sound to be something very generic, it is indeed one of those aspects of the Indian legal structure that tend to affect every Indian citizen on a daily basis.
India has seen a rapid increase in the number of tax law aspirants because of the growing importance of the topic. Tax Law can be pursued not just at the postgraduate level but also at the undergraduate level. While many would say that Tax Law is a dying subject, a career in Tax Law thrives like no other profession in India. It is, in fact, one of the most rewarding career options in India, enabling graduates to find the ideal career path and join the biggest law firms.
Although many believe that Tax Law demands great quantitative skills, it rather wants the candidate’s focus on ethics, passion for the subject, and an incomparable intellectual capacity to keep up with the tax reforms.
Why Choose Course And Required Skills
Skills for a successful law career
1. Commercial awareness.
2. Attention to detail.
3. Communication.
4. Teamwork.
5. Information analysis and research.
6. Organization.
7. Creative problem solving.
Eligibility
Aspirants are required to meet the minimum eligibility criteria of the selected college in order to be admitted to tax law. If the student fails to meet the eligibility criteria of the college, his/her application will be rejected. Provided below are the eligibility criteria of Tax Law that candidates need to meet in order to be held eligible for the same:
a. To be eligible for a diploma program in Tax Law, candidates must have passed 10+2 or equivalent with not less than 50%-60% marks in aggregate.
b. To be eligible for an undergraduate program in Tax Law, the candidate must have passed or qualified for the 10+2 examination or an equivalent examination from a recognized board or university. In addition, the candidate is required to score at least 50%-60% aggregate marks in the qualifying exam.
c. To be eligible for a postgraduate program in Tax Law, an aspirant is required to have completed an LLB or its equivalent degree. Candidates who have completed a 5-year-long integrated law course shall also be considered eligible for admission to the PG Diploma or LL.M course in Tax Law. The candidate is required to score a minimum of 50% to 60% marks in the qualifying examination.
Note: Colleges have their own set of eligibility criteria that need to be satisfied before taking admission to a particular college. Candidates are, therefore, requested to go through the concerned college's eligible criteria prescribed for the course.
Entrance Exams Details
Given below is the list of the top entrance exams that a Tax Law aspirant might have to appear for:
CLAT (Common Law Admission Test)
AIBE (All India Bar Exam)
AILET (All India Law Entrance Test)
LSAT (Law School Admission Test) India
TS LAWCET (Telangana State Law Common Entrance Test)
AP LAWCET (Andhra Pradesh Law Common Entrance Test)
Degree Course Syllabus
For Diploma Courses in Tax Law
The syllabus for Diploma Courses in Tax Law is as follows:
Introduction to Taxation in India | Income Tax Act, 1961 |
Managerial Accounting | Direct Tax (Application & Procedure) |
Goods and Services Tax I | Goods and Services Tax II |
Assignment/Dissertation I | Assignment/Dissertation II |
Tax Law Syllabus for Undergraduate Courses
The syllabus for Undergraduate Courses in Tax Law has been mentioned below:
First Year:
Business Computing | Environmental Studies |
Financial Accounting | Business Laws |
Micro Economics (Elective) | Business Mathematics and statics |
Corporate Accounting | Insurance and Risk Management (Elective) |
Business Communication | Investment in Stock Markets |
Income Tax Law and Practices | Corporate laws |
Macro Economics (Elective) | Introduction to Psychology (Elective) |
Second Year:
Management | Information System |
Human Resource Management | Training and Development |
Money and the Firm | Cost Accounting |
Management Accounting | e-Commerce |
Introduction to Philosophy | Wealth Tax Procedures and Practices |
Indirect Tax | Financial Management |
Research Methodology and Report Writing | Goods and Services Tax |
Entrepreneurship | Auditing and Taxation |
Generic Elective | Collective Bargaining & Negotiation Skills |
Excise and Custom Law | Corporate Tax Planning |
Introduction to Sociology | Creativity, Innovation and Foresight |
Third Year:
Project Management | Tax Planning and Administration |
Mergers and Corporate Restructuring | Venture Ideation |
Major Project I | Advertising |
International Taxation | Computerised Accounting System |
Organizational Behavior | Business Ethics |
Corporate Governance | Business Policy and Strategy |
Financial Institutions and Markets | Major Project- 2 |
Tax Syllabus for Postgraduate Courses
The syllabus for Postgraduate (LL.M) Courses in Tax Law is as follows:
Indirect Taxes | Tax Policy - Foundation of the Taxation - Tax Planning |
Crime and Administration of Criminal Justice | Penology and Treatment of Offenders |
General Taxation | Direct Taxation |
International Taxation | Tax Litigation - Procedure |
Tax Litigation - Practice | Transfer pricing |
Dissertation/Assignment | Double Taxation Agreement and International Consortium of Treaties |
Administration, Adjudication, and Professional Responsibility | Taxation of Intellectual Property Transaction Tax Planning for Family Business |
Top Colleges
NLU Hyderabad - Nalsar University of Law
Symbiosis Law School, Pune
ILS Law College
University College of Law, Osmania University
Siddharth College of Law, Mumbai
New Law College, Bharati Vidyapeeth Deemed University
Dr. Ambedkar College of Law, People’s Education Society
Course Fees
The course fee of Tax Law depends upon the level of degree and the college from which you are pursuing the course. The average UG course fee for Tax Law is Rs. 1.5 lacs per annum and the PG course fee is around Rs. 1.2 lacs per annum.
Top Recruiters And Salary
The highest salary that a Tax Advocate can earn is Rs. 17.0 Lakhs per year (Rs.1.4L per month).
List of few Top Law Firms
1. Cyril Amarchand Mangaldas. Patnaik
2. L&L Partners. Srivastava
3. Majmudar & Partners. Ravishankar Raghavan | Akil Hirani
4. Phoenix Legal. Saxena
5. Reina Legal. Maheshwari
6. Trilegal. Sinha
Course Scope And Career Options
Tax Law might seem like a very narrow subject but it certainly offers the widest range of opportunities in the field of law. However, it works best for candidates with prior demonstrable experience or skills and tremendous potential in the field. Law students can undergo multiple internships and industry-oriented courses and fresh law graduates can easily target mid-size law firms to learn the basics of Tax Law and move up the ladder in the subsequent years after getting familiar with the industry.
A few of the job positions that a Tax Law graduate may choose from are as follows:
Tax Examiners
Tax Analysts
Tax Advisors
Tax Accountants
Tax Recruiters
Revenue Managers
Tax Managers
Tax Collectors
Income Tax Consultants
Business Tax Consultants
Property Tax Consultant
Admission Process
Admission for every college offering a course in Tax Law shall differ from each other. Candidates are usually shortlisted on the basis of the score they obtain in an entrance exam Listed below are the pointers that institutes generally consider before enrolling students in law programs.
a. Selection of candidates is done on the basis of the marks scored in the entrance exam conducted at the national or state level.
b. There are few universities/institutes that conduct their own entrance examination to carry out their selection process. Few universities also accept the score obtained by the candidate in common entrance tests like CLAT.
c. Few universities/institutes look at the merit of the candidate in the qualifying exam. This may be followed by a personal interview conducted by the institute.
