BCom Taxation is a three-year full-time undergraduate management degree course that prepares students for careers in Consulting Firms and Financial Institutions. The program provides students with the knowledge of tax planning, income tax, corporate tax, international tax, and auditing, preparing them for careers in taxation and finance.
The students who have passed 10+2 with a minimum aggregate of 50% marks in commerce are eligible to apply for BCom in Taxation. Also, nowadays, an entrance exam of CUET(UG) is being preferred by colleges. While some conduct their entrance exams for admission, like IPU CET, conducted by Indraprastha University. The average course fees range between INR 20,000 - 3,00,000. Some of the top colleges that offer the course are Avinash College of Commerce, Sacred Heart College, and Presidency College.
A BCom in Taxation can lead to careers in accounting, finance, and taxation. The graduates can pursue careers as Tax Specialists, Tax Consultants, Tax Advisors, and even in government agencies like the Income Tax Department.
BCom Taxation Highlights
The basic details of BCom in Taxation are as follows:
Particulars | Course Details |
Course Name | BCom Taxation |
Duration | 3 Years |
Eligibility | 10+2 with a minimum 50% aggregate |
Admission Process | Merit-Based/ Entrance-Based |
Entrance Examinations | CUET (UG) |
Average Course Fees | INR 20,000- 3,00,000 |
Career Prospects | Tax Specialist, Tax Consultant, Tax Advisor and Income Tax Department |
Average Package after Graduation | INR 3-6 LPA |
What is BCom Taxation?
Bachelor of Commerce in Taxation consists oftaxation, accounting, and business law, with a deep understanding of income tax law, GST, and auditing, providing students with deep theoretical knowledge. The course is ideal for those who want to pursue a career in taxation and accounting.
The demand for the course is rising as there is complexity of tax laws, due to which there is a growing need for specialized professionals in finance and taxation.
A graduate in BCom Taxation works as a tax consultant and helps businesses navigate the complexities of tax regulations and ensure compliance with laws like GST. Candidates also assist in budgeting, analyzing financial trends, and offering financial advice to help companies.
Why Study BCom Taxation?
Bachelor of Commerce in Taxation is a course of study that presents varied career opportunities in fields such as taxation, accounting and financial management. Some of the benefits of studying this course are as follows:
- This program equips students with the ability to analyze finance data, corporate financial management, auditing, and budgeting and leads them to a broad range of career paths.
- The information acquired can be used directly in actual situations, for example, assisting companies with their account operations, budgeting, financial trend analysis, cost reduction and making informed strategic decisions based on valid financial information.
- A BCom in Taxation graduate employed as a tax consultant in a firm, will engage in auditing financial reports, analysing trends in finances and developing budgets to enable enterprises to minimise operational expenditures, maximize profitability and make strategic decisions informed by facts.
BCom Taxation Admission Process
Admission to BCom in Tax is usually based on merit or entrance examinations. Here is the common admission process based on the CUET-UG exam. Candidates can follow the steps mentioned below:
- Apply online on the official website of CUET (UG) and appear for the exam.
- Fill out the application form on the university/ college's official website.
- The candidates will be shortlisted based on their scores in the entrance examination.
- Shortlisted candidates would be called for document verification.
- Selected candidates shall pay the course fee to confirm admission.
BCom Taxation Eligibility
The basic eligibility criteria for admission to BCom in Taxation are as follows:
- The candidate must have passed 10+2 with a minimum aggregate of 50% marks in the commerce field.
- Some colleges may require candidates to appear for entrance exams, such as CUET (UG).
- Some colleges conduct their own entrance exams, like IPU CET conducted by Indraprastha University.
BCom Taxation Colleges in India
Some of the colleges that offer BCom in Taxation course are as follows:
India Today Ranking 2024 | College Name | City | Fees |
11 | Christ University | Bangalore | INR 6,40,000 (Karnataka students)
INR 7,30,000 (for others) |
30 | Presidency College | Bangalore | - |
31 | Sacred Heart College | Kochi | INR 1,80,000 |
87 | Dr. N.G.P. Arts and Science College | Coimbatore | - |
183 | Parishkar College of Global Excellence | Jaipur | INR 90,000 |
189 | Avinash College of Commerce | Hyderabad, | INR 90,000 (Day scholars)
INR 2,70,000 (Hostellers) |
- | Sarla Birla University | Ranchi | INR 3,40,800 |
BCom Taxation VS BCom
BCom Taxation offers extensive knowledge of income tax, GST (Goods and Services Tax), auditing, corporate tax planning, and financial management. The candidates can take up career opportunities in tax consulting, tax auditing, and financial advisory services after graduating from this course and also opt for career opportunities in accounting firms, corporate finance departments and government taxation departments.
While a broad BCom degree provides the students with a more comprehensive curriculum that includes subjects as business mathematics, marketing, economics, financial accounting, and organisational behaviour, with no in-depth concentration on taxation or specialised financial legislation. Once the course is finished, the candidates can pursue a career as an accountant, financial analyst, auditor, business manager, or even study further, such as an MBA.
BCom Taxation Jobs
The basic details of jobs after a Bachelor of Commerce in Taxation are as follows:
- Industry: Students after BCom in Taxation are employable in a variety of sectors like tax consultancy, accounting firms, corporate finance departments, government agencies and banking/financial institutions.
- Employment Demand: In recent years, there has been a significant increase in the demand for Tax Specialist, Tax Consultant, and Tax Advisor.
- Average Salary: The average salary of a Tax Consultant varies based on experience, industry, and location. The entry-level positions offer a salary range of INR 4-6 LPA.
There are various job roles available for BCom Tax. As per Payscale, the average package of various job roles according to the years of experience is mentioned in the table below:
Job Roles | Entry level | Experience level |
Tax Consultant | INR 3-6 LPA | INR 6-10 LPA |
Tax Advisor | INR 3-6 LPA | INR 7-10 LPA |
Tax Specialist | INR 3-6 LPA | INR 6-10 LPA |
Auditor | INR 3-5 LPA | INR 6-8 LPA |
BCom Taxation FAQs
What are the qualifications required to pursue a BCom in Taxation?
Candidates interested in pursuing a BCom in Taxation should have passed 10+2 with a minimum aggregate of 50% in the commerce stream and should have cleared CUET (UG).
Is a Bachelor of Commerce in Taxation good?
Yes, B.Com in Taxation is a good course, as after completing the course, one can pursue their career as a Tax Specialist, Tax Consultant, and Tax Advisor.
What is the average salary after a BCom in Taxation?
BCom in Taxation graduates can expect an average salary typically ranging between INR 3-6 LPA.
What are the top companies that hire Tax Consultant?
Some of the top companies that hire Tax Consultants include Deloitte, KPMG, EY, Grant Thornto,n and many more.
Which is better, BCom or B.Com in Taxation?
B.Com in Taxation is generally considered better than a BCom because it offers a broad overview of commerce subjects such as income tax, corporate tax, and indirect taxes. This course provides more career opportunities, especially in sectors like accounting, financ,e and taxation.