Tax Law

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Mar 13, 2023 19:31PM IST

About Tax Law

Tax laws are defined as the legal rules and procedures governing the tax owed by the citizens to its 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 to 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. On this page, you shall find everything about Tax Law, the eligibility norms to pursue it, admission process, syllabus or course curriculum along with the job scope and career prospects in the field.

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Tax Law Eligibility Criteria

Aspirants are required to meet the minimum eligibility criteria of the selected college in order to take admission in tax law. If the student fails in meeting the eligibility criteria of the college, his/her application would 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:

  • To be eligible for a diploma programme in Tax Law, candidates must have passed 10+2 or equivalent with not less than 50%-60% marks in aggregate. 
  • To be eligible for an undergraduate programme in Tax Law, the candidate must have passed or qualified the 10+2 examination or an equivalent examination from a recognised board or university. In addition, the candidate is required to score at least 50%-60% aggregate marks in the qualifying exam.
  • To be eligible for a postgraduate programme 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 in the particular college. Candidates are, therefore, requested to go through the concerned college's eligible criteria prescribed for the course.

Tax Law 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 for the law programmes.

  • Selection of candidates is done on the basis of the marks scored in the entrance exam conducted at the national or state level.
  • 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.
  • 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. 

Top Tax Law Entrance Exams

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)

Top Tax Law Colleges in India

CollegeDekho has collated the top universities/colleges/institutions in India that offer courses in Tax Law. Find the same below:

  • 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
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Tax Law Syllabus

Candidates may have a look at the syllabi or course curricula for Tax Law at Diploma, undergraduate and postgraduate levels to have an idea of the topics that they might come across. 

For Diploma Courses in Tax Law

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

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

Syllabus for Postgraduate (LL.M) Courses in Tax Law is as follows:

Constitutional Law- I

Research Methods and Legal Writing

Corporate Taxation

Law relating to Industrial Injuries and Social Security

Law and Justice in a Globalizing World

Research Methodology

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

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Tax Law Career Options and Job Prospects

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.
Tax Law grads must also note that employers often prefer experienced lawyers to novices. In terms of salary that a taxation lawyer can expect, tier 1 law firms usually offer an average salary of Rs 10-12 lakh to freshers and the starting salary in a tier 2 firm is around 6 lakh. The range, however, depends on factors such as job profile, company, academic background, location of the job and henceforth.

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 Consultants
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FAQs about Tax Law

What is Tax Law?

Tax Law is a popular specialisation offered in the study of law. It is defined as the legal rules and procedures governing the tax owed by the citizens to its government.

Is Tax Law offered at the UG level?

Yes, Tax Law comprises an important subject in all the undergraduate degrees of law.

Can I pursue a post graduate degree in Tax Law?

There are many post graduate degrees that offer the specialisation of Tax Law. Apart from LLM, degrees like Post Graduate Diploma and Advanced Diploma also provide the course.

How can I study Tax Law after class 12th?

If you have completed class 12th, you can enrol in a 5 year integrated law course such as BA LLB, BBA LLB, B.Com LLB, etc. The subject of Tax Law is taught in detail in all these programmes.

Are certificate courses in Tax Law available?

Yes, many certificate level courses in Tax Law are offered by reputed colleges.

Do I have to give an entrance exam to get admission in a Tax Law course?

You might have to appear for an entrance exam, depending upon the course and college that you have targetted. Some colleges provide merit based admissions while some use entrance exams to shortlist applicants.

Which are the best colleges to study Tax Law from?

Some of the most popular law colleges that you can consider for taking admission are the National Law Universities (NLUs), Symbiosis Law School (SLS), ILS Law College, Lovely Professional University (LPU), Amity University, Nirma Law College, etc.

Which are the popular exams for Tax Law?

Some of the most common law entrance exams that you might have to give for admission to a Tax Law course are CLAT, AILET, SLAT, MH CET Law, RULET, BHU LLB Entrance Test, DU LLB Entrance Exam, AP LAWCET, TS LAWCET, etc.

What is the fees of a Tax Law course?

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 of Tax Law is Rs. 1.5 lacs per annum and the PG course fee is around Rs. 1.2 lacs per annum.

Which are the popular career options after Tax Law?

After completing a course in Tax Law, you can be recruited at any of the following positions: Tax Analysts, Tax Accountants, Tax Recruiters, Tax Collectors, Revenue Managers, Income Tax Consultants, Business Tax Consultants, and Property Tax Consultants.
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Related Questions

A

Anil kumar, Student / Alumni

-Answered on Dec-28-2023
1 year ka h sir
s

shailesh kumar, Student / Alumni

-Answered on Dec-21-2023
12th pass with pcm (2010)
S

Sukriti Vajpayee, CollegeDekho Expert

-Answered on Nov-07-2023

Dear student,

The course of Post Graduate Diploma in Law (PGD in Law) is not offered at Apex University, Jaipur. The university provides law programmes of the undergraduate and postgraduate levels only. If you meet the eligibility criteria for the programmes of LL.B or LL.M at Apex University then you can apply for admission to these programmes instead.

If you seek a good law college in Rajasthan that offers PGD in Law, you can check out Raffles University which is located in Neemrana. There are other law institutes in Rajasthan that prove diploma in law and are quite recognised and popular.

In order to find the best college for yourself, fill the Common Application Form (CAF) and get a chance to apply at multiple colleges with just one form. Upon the successful submission of the form, you will also be assigned an admissions expert who will contact you and understand all of your requirements. Based on your preferences, he/ she will give you the options of some of the best law college for you to take admission in.

For any admission related queries, please call on the toll-free student helpline number of CollegeDekho - 1800-572-9877. Do write back to us if you have more questions to ask.

Thank you.

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