B Com in Taxation and Finance

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Mar 13, 2023 19:31PM IST

About B.Com in Taxation and Finance

Bachelor of Commerce in Taxation and Finance is a specialized course in the field of tax and financial management. B.Com in Taxation and Finance is a three-year undergraduate course designed to provide students with an effective understanding of the tax system and financial principles in an efficient way. The primary purpose of this course is to prepare students for various positions in the area of the tax department and various financial careers such as financial administration, financial planning, wealth management, property valuation etc. B.Com in Taxation and Finance course also prepares students for a wide variety of business opportunities while imparting management skills and core competencies. B.Com in Taxation and Finance also offers a solid platform to the students who wish to pursue technical courses in the future such as CA, CS, ICWA.

B.Com in Taxation and Finance Highlights

The Major Highlights of B.Com in Taxation and Finance Course is mentioned below:-

Level

Undergraduate

Duration

3 Years

Age Limit

17 - 23

Minimum Qualification

10+2 with minimum 50% marks

Selection Process

Merit or Entrance Exam

Annual Fees

Rs 5,000/- to 1,00,000/- per annum

Average Salary

Rs 4,80,000/- LPA

Employment Sectors

Sales Tax Department, Banking Sector, Indian Economic Services, Import/Export firms, Docks, Airports etc

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B.Com in Taxation and Finance Eligibility Criteria

The candidates who meet the following eligibility criteria will be eligible to take admission in B.Com in Taxation and Finance.

  • In order to take admission in B.Com in Taxation and Finance course, the candidates need to pass 10+2 examination with minimum 50% marks from any recognized board of education or its equivalent qualification

  • In some colleges and universities candidates also need to appear for the admission test.

Note:- The eligibility criteria mentioned above can vary from one college to another.

B.Com in Taxation and Finance Admission Process 

Like any other undergraduate programme offered in the country, each educational institution will define an admission process and guidelines. In India, aspirants may be asked to participate in two distinct admission processes such as Merit-Based admissions and Entrance-based admissions. Check out the steps for different admissions processes for B.Com Taxation and Finance followed in India.

Entrance-Based Admissions

  • After applying for admission, the college/university will request each candidate to appear for a University-Level entrance test on a specified date and time.

  • Post attempting the entrance test, the concerned university and institute will release merit lists containing the names of all candidates along with their ranks and scores obtained in the entrance test.

  • Depending on the admission policy of the institute/college/university, candidates will be asked to partake in different selection processes.

  • Among the common selection processes, candidates may be asked to sit for a Personal Interview and/or a Group Discussion.

  • Based on the overall performance of the shortlisted candidates, the concerned educational institution will offer admissions to prospective students.

Merit-Based Admissions

  • Here, candidates will be asked to participate in different selection processes after submitting their respective application forms.

  • As per the individual admission guidelines of the colleges, merit lists will be released containing the names of all candidates who have applied and have been shortlisted for further admission processes.

  • According to the ranks obtained by the candidates in the merit lists, they will be called to participate in the selection processes, which may include a Personal Interview and/or Group Discussion.

  • The overall performance of each candidate in the selection parameters, which include the past academic record and the personal interview and/or group discussion, will confirm their admission to the respective B.Com Taxation and Finance course in the concerned college.

Counselling-Based Admissions

  • Common under both Merit-based and Entrance-Based admissions, universities opt for counselling based admission in cases where there are a number of affiliated and constituent colleges under their ambit.

  • In Entrance-based admissions, after the respective merit lists have been released, candidates will be called in the order of their merit for the counselling rounds.

  • In merit-based admissions, the colleges will call applicants as per their merit, as listed in the respective merit lists.

  • In both scenarios, the candidates will be asked to sit for counselling rounds, where candidates will choose the college and course as per their choice.

  • The Universities/colleges will offer admissions to the prospective students based on the ranks/scores mentioned in the merit lists, the preferred choice of college and course along with the vacancy of seats in the individual choices.

Note: It is important to note that each college or educational institution will define its admission processes individually for B.Com Taxation and Finance course in India. Therefore, all aspirants are advised to go through the individual admission processes and guidelines prior to applying for admissions.

B.Com in Taxation and Finance Course Fees

All those aspiring to pursue the 3-year undergraduate programme can expect to be charged an average course fee for B.Com in Taxation and Finance ranging anywhere between ?5,000 to ?5,00,000. As is the case usually, Government Colleges offering B.Com Taxation and Finance course are comparatively cheaper than that offered in Private B.Com Taxation and Finance Colleges in India.

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B.Com in Taxation and Finance Syllabus

The year-wise syllabus of B.Com in Taxation and Finance is as follows:

1st Year

Account Transactions

Books of Accounts

Business Statistics

Capital Budgeting

Central and Sale Taxes

Custom law and procedures

Employee management

Communicative English

2nd Year

Employee Report preparation

Employee state Insurance Act

Excise and Custom laws

Excise Registers

Applied Economics

Income Tax evaluation

Income Tax act 1961

Inventory Management

3rd Year

E-Commerce

Service Tax management

Income distribution

Payroll management

Research and report presentation

Viva-Voce

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B.Com in Taxation and Finance Career Options and Job Prospects

Some of the popular job roles and employment areas that the candidates can choose after the completion of the respective course is as follows:

Employment Areas

  • Banking sector

  • Tax Department

  • Sales

  • Indian economic services

  • Import/Export firms

  • Airports

Job Profiles

  • Income Tax Officer

  • Cost Accountant,

  • Tax Consultant, 

  • Budget Analyst, 

  • Finance Manager, 

  • Assistant Accountant

  • Auditor

Salary

In Between Rs 2,70,000/- to Rs 5,50,000/-

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FAQs about B.Com in Taxation and Finance

What is the duration of the course B.Com in Taxation and Finance ?

B.Com in Taxation and Finance is a 3 year course.

What is the average fee for the course B.Com in Taxation and Finance ?

The average fee for B.Com in Taxation and Finance is INR 50,000 per year.

What are the top colleges offering B.Com in Taxation and Finance courses ?

Following are some of the top colleges offering Commerce and Banking courses : Sri Venkateswara College (New Delhi) , Hindu College (New Delhi) , St. Xavier's College (Kolkata) , Shri Ram College of Commerce (Delhi) , Mount Carmel College (Bangalore). You can explore these colleges on our website to check if they offer B.Com in Taxation and Finance or not.
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Related Questions

A

Abhinav Chamoli, CollegeDekho Expert

-Answered on July-24-2023

Dear Student,

Whether you can take admission to the Bachelor of Commerce (B.Com) course at the Bhim Rao Ambedkar College (BRAC), New Delhi depends on whether you clear the BCom eligibility criteria for DU as well as the DU BCom cutoff.

Please note that applications for admission to the BCom course at BRAC, Delhi can be made through the admissions portal of the University of Delhi (DU).

DU BCom Eligibility Criteria

  • Candidate must have cleared Class 12th (Standard XII / Intermediate / HSC) in any stream from a recognized board.

  • Candidate must have received the minimum marks specified by DU in the qualifying examination.

BRAC BCom Cut Off 2019

The cutoff for 2019 admissions to the BCom course at DU was as follows:

  • General - 94%

  • OBC - 87%

  • SC - 82%

  • ST - 73%

  • PwD - 68%

If you need admissions-related help, please feel free to fill our Common Application Form (CAF) or reach out to our toll-free student helpline number 1800-572-9877.

Thank you.

A

Abhik Das, Student / Alumni

-Answered on Mar-23-2023

Dear student, the B.Com admission application form will not be released on the official website of Ekamra College Bhubaneswar. To apply for B.Com admission in this institution, you have to apply through the SAMS Odisha ug admission official portal. The official site of SAMS Odisha has not yet released the UG admission schedule for the academic year 2021-22 yet. You have to keep visiting the official website of SAMS Odisha at regular intervals for the latest updates regarding the B.Com admission process. 

Or, you can also apply for B.Com admission for the current academic year through our common application form. Through this form, you will have access to several reputed B.Com colleges where the admission process for the current academic year has begun. You can apply for admission into multiple colleges through a single application form. Call 18005729877 for more details regarding the admission process through our common application form now!

S

Sakshi, Student / Alumni

-Answered on Nov-07-2022
I will suggest you to do MBA. The scope of the course is increasing day by day. An MBA will offer you a wealth of advantages, especially when it's offered by a top business school with a very good reputation. Getting a higher salary after graduation, landing a top management position, or even becoming your own boss are just a few of the extra advantages. Master of Business Administration is a two-year, internationally recognised postgraduate management degree that deals with the Science of business administration by streamlining organizational processes involving human resources, finance, marketing, sales, and customer services. The MBA course aims to produce trained professionals for effective management in this entrepreneurial world. An MBA graduation does with his professional potential whatever they wish to. An MBA doesn't really change a person or their career graph magically. It is not a magic spell that, makes people better managers, entrepreneurs, or analysts. An MBA a students existing skillset and adds a few more to make them more compatible with the future roles and responsibilities they wish to overtake. Best University ITER Bhubaneswar, Bhubaneswar. Geeta University, Panipat MSRIT Bangalore - Ramaiah Institute of Technology. SRM VIT BITS Pilani Amity University.