|1 years-5 years|
|3 K-3 L INR annual|
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.
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:
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.
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.
Given below is the list of the top entrance exams that a Tax Law aspirant might have to appear for:
CollegeDekho has collated the top universities/colleges/institutions in India that offer courses in Tax Law. Find the same below:
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.
Syllabus for Diploma Courses in Tax Law is as follows:
Introduction to Taxation in India
Income Tax Act, 1961
Direct Tax (Application & Procedure)
Goods and Services Tax I
Goods and Services Tax II
Syllabus for Undergraduate Courses in Tax Law has been mentioned below:
Micro Economics (Elective)
Business Mathematics and statics
Insurance and Risk Management (Elective)
Investment in Stock Markets
Income Tax Law and Practices
Macro Economics (Elective)
Introduction to Psychology (Elective)
Human Resource Management
Training and Development
Money and the Firm
Introduction to Philosophy
Wealth Tax Procedures and Practices
Research Methodology and Report Writing
Goods and Services Tax
Auditing and Taxation
Collective Bargaining & Negotiation Skills
Excise and Custom Law
Corporate Tax Planning
Introduction to Sociology
Creativity, Innovation and Foresight
Tax Planning and Administration
Mergers and Corporate Restructuring
Major Project I
Computerised Accounting System
Business Policy and Strategy
Financial Institutions and Markets
Major Project- 2
Syllabus for Postgraduate (LL.M) Courses in Tax Law is as follows:
Constitutional Law- I
Research Methods and Legal Writing
Law relating to Industrial Injuries and Social Security
Law and Justice in a Globalizing World
Tax Policy - Foundation of the Taxation - Tax Planning
Crime and Administration of Criminal Justice
Penology and Treatment of Offenders
Tax Litigation - Procedure
Tax Litigation - Practice
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 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:
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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.
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.
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.
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.
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.
Yes, many certificate level courses in Tax Law are offered by reputed colleges.
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.
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.
Yes, Tax Law comprises an important subject in all the undergraduate degrees of 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.