The levy of Income Tax is governed by the Income Tax Act of 1961. The Authority for Advance Rulings AAR, constituted under the Income Tax Act of 1961 is authorised to determine any questions of law or facts in relation to transactions that have been undertaken or to be undertaken.
DTL (Diploma in Taxation law) is a course that enables you to have deep insights into the rules and regulations related to taxation. It is a 1-year diploma-level course. It also provides you with a basic understanding of taxation.
The average salary received post the completion of the course ranges from INR 4 - 10 LPA.
Diploma in Taxation Law: Course Highlights
| Course Level | Certificate- Level Course |
| Full-Form | Diploma in Taxation Law |
| Duration | 1 year |
| Eligibility | 10+2 from recognised board or university |
| Admission Process | Entrance Exam/ Merit Based |
| Course Fee | Up to INR 1 Lakh |
| Average Salary | Up to INR 5 Lakhs per annum |
| Career Prospects | Financial Advisors, Tax Collector, Tax Managers, Tax Analyst and Tax Accountants |
What is a Diploma in Taxation Law?
Diploma in Taxation Law (DTL) course helps you to widen your knowledge related to taxation and laws related to it. This course helps you to get eligible for presenting tax plans, providing advice and filing various tax returns.
Taxation is basically a strategy to charge fees from the individuals who earn a taxable income. This program includes various enactments with recent changes in the Income Tax Act. This course opens a wide range of job opportunities after its successful completion.
Why Study Diploma in Taxation Law?
DTL course provides you with a number of perks after its completion. A of them are listed below:
- Offers you Job security.
- Enhance your knowledge on taxation subjects.
- Open gates for government jobs.
- Provides you with a wide range of job opportunities in every sector.
Admissions to Diploma in Taxation Law courses are based on the entrance exams conducted by different universities and colleges. Students are shortlisted on the basis of the marks obtained in the entrance exams etc.
Below mentioned are the steps conducted for enrolling students in Diploma in Taxation Law courses,
- Selection of the students are done on the basis of the marks obtained in entrance exams
- Certain Universities conduct their own entrance exams, while others accept the score of various national level entrance exams such as CLAT, AILET, LSAT etc.
- There are also certain Universities who grant admission to Diploma in Taxation Law courses on the basis of merit
Diploma in Taxation Law: Eligibility Criteria
Like any other Diploma courses, Diploma in Taxation Law too has certain eligibility criterias to be followed. Below are enlisted the main criterias that need to be fulfilled in order to pursue a Diploma in Taxation Law course,
- Students should clear their class 12th board examinations from a recognised board
- They should have minimum 60% aggregate marks or equal CGPA for their class 12th board exams
Diploma in Taxation Law: Entrance Exams
As already discussed above, there are several entrance exams that are conducted to enroll students for Diploma in Taxation Law courses, such as CLAT, AILET, LSAT, AIBE, TS LAWCET etc.
Below mentioned table will discuss in detail about the entrance exams as well as their crucial dates such as registration date, exam date, results declaration date etc.
Entrance Exam Important Dates
| Law Entrance Exams | Registration Date | Exam Date |
|---|---|---|
| CLAT | August 08 – November 13, 2022 | December 18, 2022 |
| AILET | September 07, 2022 onwards | December 11, 2022 |
| CUSAT CAT | To be Announced | To be Announced |
| LSAT | November 10, 2022 - January 11, 2023 | January 22, 2023 (January Session) Jun 8, 2023 to Jun 11, 2023(June Session) |
| TS LAWCET | April 2023 – June 2023 | July 2023 |
| AP LAWCET | 3rd week of March 2023 - 4th week of April 2023 | 4th week of May 2023 |
| ILSAT | To be Announced | To be Announced |
| MHT CET | March 2023 | PCM- May 9, 10, 11, 12, 13, 2023 PCB- May 15, 16, 17, 18, 19, 20, 2023 |
| SET SLAT | December 15, 2022 - April 12, 2023 | May 6, 2023 (Test 1 - 9 AM to 10 AM) May 14, 2023 (Test 2 - 9 AM to 10 AM) |
| DU LLB Entrance Exam | March 2023.- 3rd week of June 2023. | 1st week of July 2023 |
| PU LLB | To be Announced | To be Announced |
How to Prepare for Entrance Exams
The entrance exams for Diploma in Taxation Law generally covers 4 major sections, they are
| General Knowledge | Logical Reasoning |
| English Aptitude | Quantitative Aptitude |
The below mentioned points should be kept in mind while preparing for Diploma in Taxation Law courses,
- Go through the entrance exam syllabus thoroughly.
- Practice previous year question papers or model test papers to keep a check on exam pattern. You need to master the subjects of your higher secondary class.
- You should have the ability to analyse and provide solutions to the critical case studies.
The syllabus and subjects that are taught throughout the entire course duration of Diploma in Taxation Law are tabulated below for your reference,
| 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 |
Diploma in Taxation Law: Top Colleges
Some of the top colleges in India offering Diploma in Taxation Law courses are tabulated below for your reference,
| Name of the Colleges | Average Fees |
|---|---|
| Symbiosis Law School, Pune | INR 27,000 |
| ILS Law College, Pune | INR 17,600 |
| Institute for Excellence in Higher Education, Bhopal | INR 10,000 |
| Arihant Group of Institutes, Pune | INR 20,500 |
| Sree Narayana Guru College of Commerce, Mumbai | INR 3,000 |
| PRIN. L. N. Welingkar Institute of Management Development and Research | INR 20,000 |
| Savitribai Phule Pune University, Pune | INR 5,000 |
| Sinhgad Law College, Pune | INR 10,767 |
| Indian School of Technology and Management | INR 14,900 |
Diploma in Taxation Law: College Comparison
The table given below draws a sharp contrast between the top colleges, Symbiosis Law School and ILS Law School, who offer Diploma in Taxation Law courses in terms of their ranking, affiliation, average fees etc.
| Parameters | Symbiosis Law School | ILS Law School |
|---|---|---|
| Overview | This law school is approved by the Bar Council of India. It offers admissions in both UG and PG courses. Since 2002, it has been affiliated to Symbiosis International University. | This law school ranked 1st amongst top 10 law colleges in the country by India Today. The college is accredited by University of Mumbai. |
| Affiliated By | BCI and UGC | NAAC |
| Outlook Rank | 10 | 3 |
| Eligibility | 10+2 from a recognised board or university | 10+2 from a recognised board or university |
| Courses Offered | BA LLB, LLB, LLM, Diploma and BBA LLB | Diploma, LLB, BA LLB and LLM |
| Average Fees | INR 27,000 | INR 17,600 |
Diploma in Taxation Law: Distance Education
Apart from the regular Diploma in Taxation Law, students can also pursue it through correspondence courses. There are several colleges / universities who offer distance courses on Diploma in Taxation Law, such as Symbiosis Centre for Distance Learning, Annamalai University, Balaji Law College etc.
The eligibility criteria for pursuing Distance courses in Taxation Law are enlisted below for your reference,
- Students should completed their class 12th board examination from a recognized board
- They should clear all the subjects for class 12th board examination
Some of the top colleges along with their average course fees for Diploma in Taxation Law Diploma courses are tabulated below for your reference,
| Name of the Colleges | Average Fees (INR) |
|---|---|
| Bharati Vidyapeeth School of Distance Education | 5,200 |
| Symbiosis Centre for Distance Learning | 17,000 |
| Balaji Law College | 20,000 |
| Annamalai University | 2,850 |
| Institute of Distance Education, University of Madras | 25,000 |
Diploma in Taxation Law: Course Comparison
Below mentioned table will discuss elaborately the difference between two top Diploma Law courses, they are Diploma in Taxation Law and Diploma in Cyber Law.
Diploma in Cyber Law focuses on the laws that are related to cyber crime and incidents whereas Diploma in Taxation Law course lays more emphasis on taxation subjects and acts related to it. In the below given table we will discuss the course difference in terms of impact, orientation and course material:
| Parameters | Diploma in Taxation Law | Diploma in Cyber Law |
|---|---|---|
| Overview | Diploma in Taxation Law course gives you an overview of taxation related subjects and laws related to it. | Diploma in Cyber Law is the course that covers Intellectual property right and trademark related laws with respect to cyber space. |
| Duration | 1 year | 6 months to 1 year |
| Eligibility | 10+2 from a recognised board or university | 10+2 from a recognised board or university |
| Average Annual Fee | INR 25,000 | INR 15,000 |
| Average Salary | Upto INR 5 Lakhs per annum | Upto INR 8 Lakhs per annum |
DTL course graduates are open to various lucrative job opportunities. Depending upon the skills and the years of experience, your payscale will be decided by the firm or the organization. Few of the Diploma in Taxation law (DTL) job prospects are discussed below:
| Job Profile | Job Description | Average Salary (INR) |
|---|---|---|
| Tax Collector | Role of the tax collector is to gather information by going for field audits, maintaining the book keeping records and evaluating financial information. | Up to INR 6,50,000 |
| Tax Manager | Tax managers are responsible for accurate preparation and filing of tax documents. | Up to INR 14,26,000 |
| Certified Public Accountant | Role of CPA is to advise an individual or an organization to plan and meet their financial goals. | Up to INR 10,00,000 |
| Financial Advisors | Financial advisors are the professionals who render their financial services and suggestions after analysing the financial situation of the client. | Up to INR 5,00,000 |
| Chief Financial Officer | Role of CFO is to manage the financial actions of the company. He is the senior most finance executive of the company. | Up to INR 17,00,000 |
| Tax Analyst | He/she is the one who helps in filing returns keeping in mind that it is in compliance with local, state and federal laws. | Up to INR 3,40,000 |
Diploma in Taxation Law: FAQs
Ques: What is the duration of DTL course?
Ques: What is the eligibility for DTL Course?
Ques: Can we pursue DTL course from Distance Education mode?
Ques: What are the possible job aspects after DTL course completion?
Ques: Is IGNOU offering DTL course?
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