Updated On - Aug 11, 2017
Diploma in Taxation is a short-term diploma course that is usually offered at the undergraduate level. However, a few institutions may also offer this specialised course in taxation at the postgraduate level. Most of the institutions providing this programme, conduct this course for the duration of one year, which may go shorter or longer based on the institution’s offerings and the course coverage. The course is offered both in full-time and part-time modes of study.
While the Diploma in Taxation course is not widely available, it is a value-adding programme for those who want to excel in the domain of taxation and related laws applicable to citizens and businesses. The course is also not very expensive. In most institutions, the course fee may fall below INR 1 lakh. Students pursuing this programme gain a detailed understanding of taxation or tax rules and regulations, as well as the technical and conceptual issues with taxes. They receive training in several procedural and practical aspects of taxation.
While there are not a large number of institutions providing the Diploma in Taxation course at the undergraduate or postgraduate level, a few institutions offer value-adding courses in this area. Following are some such institutions listed for you:
In most of these institutions, the diploma course in taxation is of the duration of one year.
Whether students want to pursue the undergraduate-level Diploma in Taxation or postgraduate diploma course in taxation, they need to possess a few essential abilities and skills to optimise their learning and practice during and after the course. Here are some of the skills that are critical for students of taxation to succeed in this domain:
After completing the diploma course in taxation, students can turn into professionals who can handle a variety of individual and business tax issues. They can take up several job roles, such as an accountant, management trainee, finance executive, taxation consultant, taxation advisor, investment analyst, taxation executive, and taxation specialist. However, students of Diploma in Taxation course can raise their career prospects if they pursue higher education in the field of taxation. Students can go for B.Com and M.Com programmes in taxation. They can further do courses like CA to become chartered accountants.
While the demand for taxation specialists is in all industries and companies, professionals can benefit more by working with banking institutions, taxation departments, and finance and tax advisory firms. They can also offer their own consulting services in the domain of taxation. They can provide tax advisory services as income tax advisors or business tax advisors. As the job prospects are unlimited, students who pursue higher education in taxation can grab high paying, managerial-level jobs in the fields of taxation, audit, finance, accounting, or banking.
As most institutions offer the Diploma in Taxation course at the undergraduate level, the candidate applying for this course must have passed the 10+2 exam. Other institutes offering the course at the postgraduate level require candidates to be graduates. A few institutes may even demand the candidates to have completed their schooling in the Commerce stream. However, the criterion may vary from one institution to another.
Additionally, some institutions may set the minimum marks percentage required in the qualifying exam to seek admission in the Diploma in Taxation course. This requirement may also vary for different candidate categories. While most institutes admit students in this course based on merit, some conduct an entrance exam to be eligible for admission. Thus, it is important for applicants to check all the eligibility criteria of an institution before applying to pursue its diploma course in taxation.
The Diploma in Taxation course is a specialised course in itself. The course is designed for students who want to make a career in the field of taxation, be it individual taxation or business taxation. Those pursuing this course learn about income computation, assessments under varied taxation rules, assessment procedures, taxation rules and regulations, restrictions and conditions in concern with various taxes, the liability of taxpayers, direct and indirect taxes on citizens and business entities and more.
