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    Tax Law

    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.

    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

    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

    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

    FAQs about Tax Law

    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.

    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 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.

    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.

    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.
    Show More

    Related Questions

    N

    Navneet, Student / Alumni

    Hi, I can share the admission criteria at LPU. You have to fulfill the eligibility criteria for the respective program to take admission at LPU.. I recommend you kindly visit the LPU website for more details of programs and their eligibility as per your interest. Let me guide you. In certain courses LPUNEST is mandatory, like if you are seeking admission in B.Tech, or MBA courses then LPUNEST is madatory, without LPUNEST you are not eligible for admission, However in certain courses like BA, BBA etc LPUNEST is not mandatory, you can get admission based on your previous qualification. The application process for LPU is completely online. The LPU admission process includes filling in the application form, appearing for the LPUNEST entrance test, result declaration and fee payment. Given below is the admission process of Lovely Professional University. Step 1: LPU Application Process 2023 Candidates are required to follow the below-mentioned steps to fill out the LPU application form: Step 1.1: Visit the official website of LPU and click on the ' Apply Now' tab at the top of the web page. Step 1.2: Register on the official admission portal of LPU i.e. LPUADMIT (admission.lpu.in) with basic details such as name, email-id, mobile no., state, gender and password). The email id used during registration will act as the username for the portal and the password needs to be set by the candidate while registering. Step 1.3: Candidates can continue to apply for LPUNEST (for scholarship purposes). Step 1.4 Pay the application fee and hit on the submit button to complete the application process.
    S

    Sukriti Vajpayee, CollegeDekho Expert

    Dear student,

    There are many leading LL.B colleges in India in which you can take admission. If you wish to get enrolled in Hari College of Law (HCL), Saharanpur for the course of Bachelor of Law (LL.B), you must first check the eligibility criteria and admission process of the college.

    To be eligible for the programme, you must have completed any undergraduate degree in any stream from a recognised university/ college. Your aggregate score must not be less than 45%.

    In order to know more details of the college and its admissions fill our Common Application Form (CAF) and apply for admission through it. You will also get the assistance of our admissions experts who will guide you throughout the process. For any admission related queries, you can call on the helpline number of CollegeDekho - 1800-572-9877.

    Thank you.

    N

    Navneet, Student / Alumni

    LPU offers an integrated Law program, and LPU offers BBA-LLB and BA-LLB. The fee structure of the programme is Rs. 120000 per semester without any scholarship for the 2023 session. However, LPU provides very good scholarships to bright students based on good academic records, sports, or extracurricular activities achievement, etc. I recommend you visit the LPU website for more details of scholarships. The online application has already been started for this programme for the 2023 session. You can visit www.admission.lpu.in for an online application. Thanks

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