BCom Tax Procedure and Practice is a two- years post-graduate programme with the motive to impart understating of various types of taxes such as wealth tax, Value added tax, customs tax, Income tax, central excise tax, Property tax, Service tax, etc.
The starting salary of BCom Tax Procedure and Practice fresher is about 3-9 LPA. Candidates who want to become Accountant, Revenue Agent, Tax Policy Analyst, Employment Tax Specialist, Personal Finance Consultant, Marketing Manager, Financial Analyst, Tax Attorney Specialist, Tax Examiners, etc usually go after this course.
Know More: BCom Courses
BCom Tax Procedure and Practice eligibility require candidates to complete their 10+2 or its equivalent examination from a recognized board. Admission to BCom Tax Procedure and Practice is granted through Entrance exams conducted at the state level and the national level. BCom Tax Procedure and Practice direct admission is also offered by some of the leading BCom Colleges in India
Table of Content
- BCom Tax Procedure and Practice: Course Highlights
- Why Study?
- Course Advantages
- BCom Tax Procedure and Practice: Admission Process
4.2 Entrance Exams
8.1 Future Scope
BCom Tax Procedure and Practice: Course Highlights
| Full-Form | Bachelor of Commerce (Tax Procedure and Practice) |
| Duration | 3 years |
| Type | Degree |
| Selection Mode | Merit-based or Entrance examination |
| Course Level | Graduate |
| Examination Type | Semester and Annual |
| Eligibility | 10+2 or any equivalent exam with Commerce as one of the Subjects |
| Syllabus | Indian Tax System, Value Added Tax, etc. |
| Admission Process | Entrance exam and Merit-based |
| Average Course Fee | Ranges between INR 5000 to INR 10,00,000 |
| Average Starting Salary | Ranges between INR 1,20,000/- to INR 10,00,000/- |
| Employment Sectors | Sales Tax Department, Insurance, Indian Economic Services, Multinational Companies, Banking Sector, firms, Import/Export, Airports, Forensic Accounting, etc |
Why should you do BCom Tax Procedure and Practice?
- The course B. Com (Tax Procedure and Practice) helps in making a candidate proficient in concepts related to taxation, finance, and accounting.
- Pursuing higher studies after graduating in B. Com (Tax Procedure and Practice) will improve the career prospects of a candidate.
- The course prepares a student both for entrepreneurship as well as the corporate world.
- One can also opt for jobs in government sectors, private organizations, or become an entrepreneur.
- They can pursue their higher education by opting for Postgraduate degrees like M.B.A and M.Com or go in for professional courses like CA, CS, ICWA to brighten their career prospects.
BCom Tax Procedure and Practice: Course Advantages
- Tax Procedure and Practice is the complex study of Tax processes.
- Tax Procedure and Practice degree programs often include Value added tax, Service tax, Property tax, Income tax, etc. and to equip the students with knowledge in indirect taxes like wealth tax, central excise tax, and customs tax. Indian Tax System, Value Added Tax and Central Tax Procedure, etc.
- Candidates who enrolled in the course of BCom Tax Procedure and Practice are provided with knowledge about the technicalities of the domain of Taxes.
- The objective of BCom Tax Procedure and Practice programme is to increase the skills of students who are Tax Procedure and Practice enthusiasts and enhance their skills while imparting knowledge of the global standard.
BCom Tax Procedure and Practice: Admission Process
Admissions in Bachelor courses are also done through both merit and entrance exams.
Direct Admission
- Candidates who are willing to get admission in this stream can apply to BCom Tax Procedure and Practice colleges by both offline and online means.
- You can either reach the official website of the institute or to this step admission office of the institute to fill the admission application form.
- Fill the application form required and upload all the necessary documents which are asked in the form.
- After completion of the process of application, go for counselling round and attend the personal interview round to get your desired college.
BCom Tax Procedure and Practice: Eligibility Criteria
- Candidates must have cleared the equivalent exam for their desired college.
- For admission in some colleges, students are also required to have Mathematics as one of the compulsory subjects either at the 10+2 level or in Sr. Secondary (10+2).
- Candidates must have scored at least minimum 50% to 60% marks in 10+2 in order to be considered for admission to BCom Tax Procedure and Practice.
BCom Tax Procedure and Practice: Entrance Exams
Some of the important entrance exams conducted by esteemed universities and colleges are listed below.
| Entrance Exam | Conducting Body | Mode | Exam Date |
|---|---|---|---|
| NPAT | Narsee Monjee Institute of Management Studies NMIMS | Online mode | January 04, 2023 – May 31, 2023 |
| BHU UET | Banaras Hindu University (BHU), Uttar Pradesh | Computer Based Test | May 21 and May 31, 2023 |
| JET | Jain University | Online mode | To be Announced |
| DSAT | Dayananda Sagar University | Online/offline mode | 3rd week of August 2023 |
| LPUNEST | Lovely Professional University (LPU) | Online mode | April 5 to 30, 2023 |
| AIMA UGAT | All India Management Association (AIMA) | Paper Based Test (PBT) |
May 6, 2023 |
BCom Tax Procedure and Practice: Entrance Exam Preparation Tips
- Divide your schedule: Studying without a deadline isn’t something that candidates can afford, therefore they must assign their days to certain topics and finish them within the deadline.
- Keep your resources limited: It is a must for candidates to remain focused and having too many resources will only alleviate the stress. Therefore, they must research well and shortlist some resources for the study plan and stick to it. Remember, Candidates can’t cover everything from everywhere, therefore keep it simple and accurate.
- Revision is the Key: Candidates should not keep revision for the last minute. They should keep revision sessions for regular intervals. They should make some crisp notes for the last minute reading and avoid unnecessary panic before the exam.
BCom Tax Procedure and Practice: Top Colleges
Many colleges are offering this course in India. Some of the top colleges offering this course are listed below –
| Name of the College | Average Fees |
|---|---|
| Shri Ram College of Commerce (SRCC) | INR 45,000 |
| Hindu College, New Delhi | INR 54,780 |
| Lady Shri Ram College for Women, New Delhi | INR 59,610 |
| Hansraj College, New Delhi | INR 62,835 |
| Loyola College, Chennai | INR 3,00,000 |
BCom Tax Procedure and Practice: College Comparison
College Comparison between Shri Ram College of Commerce (SRCC), Hindu College, New Delhi and Lady Shri Ram College for Women, New Delhi is given below:
| Features | Shri Ram College of Commerce (SRCC) | Hindu College, New Delhi | Lady Shri Ram College for Women, New Delhi |
|---|---|---|---|
| Overview | One of the best colleges for Commerce and Economics in the country aims at inculcating conceptual and practical understanding of taxation and financial concepts. | An esteemed college aims at equipping the students with skills to develop and manage an organizations' financial strategies | Lady Shri Ram College for Women is one of the best colleges for commerce that imparts an in-depth knowledge of the taxation concepts to students. |
| India Today Ranking 2020 | 1 | 2 | 3 |
| Admission | Merit-based | Merit-based | Merit-based |
| Average fee | INR 45,000 | INR 54,780 | INR 59,610 |
| Average placement package | INR 6,40,000 | INR 8,00,000 | INR 6,30,000 |
| Top Recruiters | Google, Barclays, Citibank | EY, KPMG, DE Shaw, etc | Bank of America, Bloomberg, Genpact, KPMG, BCG, etc |
BCom Tax Procedure and Practice: Tips to get Best College
To get admission into a good college one needs to ensure to have scored more than 90% at the Intermediate level. Apart from this, most of the institutes provide admission to the course on the basis of entrance examinations, hence preparing well for the entrance exams is a must for an aspirant to get the best college.
Note: Before shortlisting and selecting colleges finally, they must ensure to check the placement rate of the college, method of course delivery, admission system, and the financial aid offered there.
BCom Tax Procedure and Practice: Syllabus
A typical BCom Tax Procedure and Practice syllabus is written below –
The table shows some of the topics taught in the course throughout the 3 Years of education.
| Semester I | Semester II |
|---|---|
| Business Mathematics | Financial Accounting |
| Business Economics | Business Economics |
| Financial Accounting | Business Management |
| Business Management | Indian Tax System and Income Tax |
| Indian Tax System and Income Tax | Business Mathematics |
| Central and State Sales Tax Procedure and Practice I | Central and State Sales Tax Procedure and Practice II |
| Semester III | Semester IV |
| Corporate Accounting | Corporate Accounting |
| Business Statistics | Business Statistics |
| Corporate Law | Business Regulatory Framework |
| Business Regulatory Framework | Corporate Law |
| Direct Tax (Procedure and Practice) | Direct Tax (Procedure and Practice) |
| Direct Tax (Employers Obligation) I | Wealth Tax |
| Semester V | Semester VI |
| Taxation Law | Taxation Law |
| Cost Accounting | Cost Accounting |
| Accounting for Management | Financial Management |
| Financial Market Operations | Auditing |
| Indirect Tax: Procedure and Practice | Indirect Tax: Procedure and Practice |
| Indirect Tax: Central Excise Duty | Indirect Tax: Provisions of Custom Duty |
BCom Tax Procedure and Practice: Recommended Books
Some of the important reference books are mentioned below:
| Name of the Books | Authors |
|---|---|
| Taxation (Direct and Indirect) | Monica Singhania and Vinod K Singhania |
| Taxation BCom | Gaur V.P., Yadagiri M., Padmalatha N., Krishna Rao |
| Taxation with Lab Work BCom | Gaur V.P., Narang D.B., Madmalatha M., Kanduri Sush |
| Business Taxation BCom, BBM, BCA & M.Com | Radhakrishnan P |
BCom Tax Procedure and Practice: Course Comparison
All these degrees may sound similar. But BCom Tax Procedure and Practice and BBA are different courses. Below is mentioned the comparison of all these courses:
See also: Top BBA Colleges in India
| Feature | B. Com (Tax Procedure and Practice) Course | BBA Course |
|---|---|---|
| Objective | For candidates who would like to build a career in finance, taxation, and accounting. | For candidates who would like to build a career in business management and entrepreneurship. |
| Eligibility Criteria | A pass in the higher secondary exam or an equivalent exam in commerce stream with an aggregate of at least 50% | A pass in the higher secondary exam or an equivalent exam in any stream with an aggregate of at least 45% |
| Admission | Based on marks in qualifying exams and entrance exams. | Based on marks in the entrance exam and qualifying exam. |
| Subjects | Indian Tax System, Value Added Tax etc. | International Business, Information Technology, Human Resource, Insurance etc. |
| Roles Offered | Tax recruiter, revenue agents, tax policy analysts, tax examiners, etc. | Sales Executive, Research Assistant, Office Executive, etc. |
| Higher Education | M.Com, MBA, and professional courses like CA, CS, etc. | MBA |
BCom Tax Procedure and Practice: Job Prospects
After completing degree BCom Tax Procedure and Practice, Students also get good career options in Banks, Budget Planning Commissions, Business Consultancies, Educational Institutes, Foreign Trade Centres, Industrial Houses, Investment Banking Sector, Marketing Companies, Merchant Banking, Public Accounting Firms, Policy Planning, Public Accounting Firms, Treasury and Forex Departments, etc.
Top Job Profile and Average Salary are given below:
| Job Profile | Average annual Salary |
|---|---|
| Tax Consultant | INR 7 to 8 LPA |
| Finance Officer | INR 3 to 4 LPA |
| Actuaries | INR 7 to 8 LPA |
| Business Consultant | INR 8 to 9 LPA |
| Auditor | INR 3 to 4 LPA |
Future scope after BCom Tax Procedure and Practice
After completing the bachelor of arts (Tax Procedure and Practice) course graduates can continue doing their further study and go for a PhD. It will enhance their language skills and provide more knowledge. Graduates can work in the government sector as well as the private sector.
M.Com: If a student wants to continue in the same field of education, the second program of choice is M.Com. It is a two duration course and the eligibility criteria include having a BCom Degree in related disciplines.
See Also Top M.Com Colleges in India
PhD: If a student wants to continue in the same field of education, the second program of choice is a PhD. It is a three to five year duration course and the eligibility criteria include having a BCom Degree in related disciplines.
See Also Top PhD Colleges in India
BCom Tax Procedure and Practice: FAQs
Ques. What is the best option after I complete my BCom. (Tax Procedure and Practice)? Should I go for a job or pursue my higher studies?
Ans. There are opportunities available right after the completion of the course. However, a PG degree or professional course will help you in landing up in a better job profile.
Ques: What is the duration of the BCom. (Tax Procedure and Practice)?
Ans. The course duration is 3 years which is divided into 6 semesters.
Ques. What is the average fee for the course BCom. (Tax Procedure and Practice)?
Ans. The average annual fee to pursue this program ranges from INR10,000 to 3,00,000. It varies depending on the college/ university the candidate is opting for.
Ques: What are the career options after completing the course BCom. (Tax Procedure and Practice)?
Ans. There are many career options available for a BCom. graduate. Some of them are Accountant, Revenue Agent, Tax Policy Analyst, etc
Ques: Can I opt for BCom. (Tax Procedure and Practice) in Loyola College, Chennai?
Ans. Loyola College, Chennai is ranked 5th by India Today. It is one of the esteemed colleges offering the BCom. (Tax Procedure and Practice) and definitely a very good college to pursue your BCom. course.
Ques. What are the main subjects in BCom (Tax Procedure and Practice)?
Ans. There are a lot of subjects covered in the syllabus during the course. Listed below are a few among them.
- Business Mathematics
- Business Economics
- Financial Accounting
- Business Management
- Indirect Tax: Procedure and Practice
- Indirect Tax: Central Excise Duty
Ques. What is the average salary of a BCom (Tax Procedure and Practice)?
Ans. The average salary depends on the job profile and the sector the candidate is employed in. It generally ranges between INR 1,20,000 to INR 10,00,000.
Ques. What should one do after BCom (Tax Procedure and Practice) M. Com or MBA?
Ans. M. Com would probably be a great choice if you wish to pursue research/Ph. D or teach at a college level. An MBA will be a better option if one wishes to pursue a career in the corporate sector. However, it entirely depends on the individual’s choice and preference.
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