PGD in Taxation is a 2-year postgraduate program involving insight into income tax affairs and related concepts. Eligibility to which is bachelors degree in a finance-related specialization
Some of the institutes that offer the course in India are listed here:
- Symbiosis Law School
- Osmania University, Hyderabad
- Sikkim Manipal University
- Chandigarh University, Chandigarh
- Finplan International Institute of Management
- Dr. V N Bedekar Institute of Management Studies
The average fee charged for the course in India ranges between INR 50,000 to 1,50,000. The course is also offered on a part-time basis at some institutes in the country.
Upon successful completion of the course, postgraduates are offered lucrative career opportunities in the finance departments of organizations and also consultancies. The course is an additional add-on for candidates who already completed an MBA in finance. Post Graduate Diploma in Taxation can apply for jobs in various companies.
Some of those companies are Genpact, Tata Consultancy Services Limited, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd). They can work in these companies as tax recruiter, tax policy analyst, tax advisor, revenue agents, tax examiners, tax manager, tax accountant and tax collectors etc.
In terms of average annual salary, fresh postgraduates of the course are offered between INR 4 to 9 Lacs depending on the expertise and base course completed by the candidate.
PGD in Taxation: Course Highlights
|Course Level||Post Graduate Diploma|
|Duration||1 or 2 Years (Full-Time or Distance Learning)|
|Examination scheme||Semester System|
|Eligibility||Bachelor’s degree in a finance-related specialization|
|Admission Process||Management Entrance exam or Direct Admission in some cases|
|Course Fee||INR 50,000 to 1,50,000|
|Average Starting salary||INR 4,00,000 to 9,00,000|
|Top recruiting companies||Genpact, TATA CONSULTANCY SERVICES LIMITED, WNS Global Services, Wipro Technologies Ltd., Tata Motors, Bharat Sanchar Nigam Limited (BSNL), National Small Industries Corporation Limited (NSIC), Heavy Engineering Corporation Limited (HEC Ltd)|
PGD in Taxation: What is it about?
PGD in Taxation is essentially designed to impart an advanced learning in the various forms of taxes and ways to tackle issues related to them. Students are taught about Income tax, Sales tax, Service tax, VAT, Central Excise, besides various other forms of filing income tax returns.
The course curriculum broadly covers detailed information about the various acts and laws related to taxation, skill- building through live projects and field visits, all directed towards creating skilled tax professionals.
Qualified graduates, preferably from the discipline of Chartered Accountancy, or professionals working in the field of taxation such as accountants and financial advisors are ideally suited to pursue this course. These days, investment banking as a field is a fast-growing field with an increasing number of people investing in saving taxes. This gives more relevance to Post Graduate Diploma in Taxation as an academic discipline.
Some of the skills required in candidates aspiring for pursuing the course are listed here:
- Critical Thinking
- Quick Decision- Making
- Management of Material and Financial Resources
- Active Listening
- Strong Analytics and Logical Abilities
- System evaluation and Analysis
Institutes offering the course focus on training enrolled candidates in real-world tax-related situations through Moots, Case Studies, and field visits. PGD in Taxation syllabus focus on imparting both practical and theoretical knowledge in the specialization.
Through PGD in Taxation course, students learn how to solve complex taxation problems, research tax literature and complete an analytical review of tax returns. They will recognize ethical issues surrounding taxes and learn how to handle these situations. In general, students leave the program understanding state and federal taxes, recognizing business taxation problems and will understand how taxation works in relation to the national and global economy.
PGD in Taxation students may also learn about financial reporting, estate taxation and planning, deferred compensation, property taxation and sales tax.
Some of the topics you may encounter include:
- Accounting methods
- Taxation of corporations
- Foreign transactions
- Tax planning, accounting
- Cost management
- Auditing concepts
PGD in Taxation: Top institutes
|Name of Institute||City|| Fees|
|Sikkim Manipal University||Gangtok||54,000|
|Netaji Subhas Open University||Kolkata||8,000|
|ASM Group of Institutes||Pune||1,35,000|
|Dr. V N Bedekar Institute of Management Studies||Mumbai||70,000|
|Savitribai Phule Pune University||Pune||25,000|
|Aligarh Muslim University||Aligarh||16,700|
|JK Business School||Gurgaon||2,82,000|
|Desh Bhagat University||Gobindgarh||26,500|
|Arihant Group of Institutions||Pune||45,000|
PGD in Taxation: Eligibility
Listed below are the basic minimum eligibility criteria needed to be satisfied by candidates aspiring to pursue the course:
- Aspiring candidates need to have a Bachelor’s degree in any stream from a recognized institute with a minimum aggregate score of 50%.
- Student having attained CA, CS or ICWA etc. qualifications are also eligible to attend the Post Graduate Program in Tax Management
- Some institutes conduct entrance tests for admission to the course, but most other institutes offer direct admission based on fulfillment of the aforementioned criteria.
PGD in Taxation: Admission Process
Some institutes in the country offer the course in part-time correspondence mode and conduct no entrance tests for admission. Some Institute takes direct admissions and candidates can simply enroll by meeting the basic minimum eligibility criteria, submitting the application, depositing the fees.
Distance mode admission
The most popular institute in India among the ones that offer the course via the distance mode of learning is the Sikkim Manipal University. The tests for entrance are mostly held online and the students are not required to visit the campus as all the study material is provided by the concerned institutes online.
Some institutes offering the course in the distance learning mode have a set minimum strength for a batch, such as Symbiosis operates a batch of minimum 20 students for the course. Students can hence enroll for the course based on the availability of seats in an institute.
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PGD in Taxation: Syllabus and Course Description
|PART A Income Tax Wealth Tax Law Affecting Taxation||Part B Central Excise Act 1944 Value Added Tax Act|
|PART C Book Keeping Accountancy Management Accounting||PART D Advanced Income Tax Custom Act 1962 Service Act|
|PART E Central Sales Tax State Minor Act Companies Act Foreign Exchange Management Act||PART F Skill Building through the following ways Compulsory Moots Drafting Journals Field Visits Projects Viva|
PGD in Taxation: Career Prospects
Most companies today manipulate accounts in a legal way so as to save taxes. The main advantage of the course is that it teaches students the tricks of the trade, which may eventually come handy during real-life application.
Numerous wealth managers and financial advisors are also taking up the course now to be better equipped in guiding clients for tax savings with better and more profitable investments, which is why the field promises good career prospects.
Depending on a postgraduate’s skills and experience in the discipline, salaries offered may vary. There are immense job opportunities available in these fields. After holding a degree in this field you can take up for a job in both private and government sectors. Professionally you can also opt teaching jobs in colleges and universities.
You can find jobs according to your educational background and working experience.
You can work in different fields such as:
- Private organizations,
- Banking sector,
- Economic companies
In addition to the careers mentioned earlier, you may also be interested in becoming a budget analyst, which would require the observation of an institution's spending in order to prepare budget reports and best organize finances. You can also consider becoming a personal financial advisor, which would entail similar responsibilities as a financial manager, just on an individual level, such as giving advice on large budget investments such as mortgages and insurances, as well as assisting in financial management. Another occupation would be becoming a loan officer. Loan officers work in banks or finance centers and evaluate various aspects of a person's financial circumstances to decide whether or not they are eligible for a loan, either personal or business related.
Some of the popular professional avenues open to such graduates are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Pay Scale in INR|
|Accountant||Responsible for preparing accounts and preparing incomes’ statements and tax- filings.||INR 3 to 5 Lacs|
|Assistant Wealth Manager||Responsible for assisting the wealth managers.||INR 3 to 4 Lacs|
|Tax Consultant||Responsible for providing financial and tax- related advice to clients.||INR 1 to 3 Lacs|
|Certified Public Accountant||In addition to preparing individuals' taxes, certified public accountants (CPA) often advise clients on issues related to their taxes and income.||INR 4 to 6 Lacs|
|Financial advisors||Financial advisors assess the financial needs of individuals, corporations or nonprofits. Advisors help their clients plan for both long-term and short-term goals, including education expenses, retirement plans, budgeting and general investments.||INR 6 to 9 Lacs|
|Chief Financial Officer||A chief financial officer (CFO) is the person responsible for the finances of a corporation. They may review financial risks, create business plans and keep financial records. The CFO may analyze the financial data within a company and report his or her findings to the company's board of directors and chief executive officer.||INR 9 to 10 Lacs|
|Tax collector||Tax collectors, also referred to as revenue officers, attempt to gather money owed to the government by individuals or businesses late in filing tax returns. Most tax collectors work for the government at federal, state or local levels.||INR 2 to 3 Lacs|
|Tax manager||Building relationships and interacting with clients to provide excellent planning, consulting and expertise. Providing innovative tax planning and reviewing complex income tax returns.||INR 1 to 3 Lacs|
|Tax examiner||Tax examiners typically deal with tax returns filed by individuals and small businesses, whether at the municipal, state or federal level. They confirm that taxpayers are claiming the appropriate deductions and credits, and assess penalties, interest and fees as necessary.||INR 8 to 10 Lacs|
|Revenue agent||Along with tax examiners and collectors, revenue agents help ensure that federal, state and local governments collect tax revenues from businesses and individuals. They are responsible for reviewing tax returns and conducting audits, as well as identifying and collecting overdue taxes.||INR 6 to 7 Lacs|