B Com in Taxation and Finance

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Mar 13, 2023 19:31PM IST

About B.Com in Taxation and Finance

Bachelor of Commerce in Taxation and Finance is a specialized course in the field of tax and financial management. B.Com in Taxation and Finance is a three-year undergraduate course designed to provide students with an effective understanding of the tax system and financial principles in an efficient way. The primary purpose of this course is to prepare students for various positions in the area of the tax department and various financial careers such as financial administration, financial planning, wealth management, property valuation etc. B.Com in Taxation and Finance course also prepares students for a wide variety of business opportunities while imparting management skills and core competencies. B.Com in Taxation and Finance also offers a solid platform to the students who wish to pursue technical courses in the future such as CA, CS, ICWA.

B.Com in Taxation and Finance Highlights

The Major Highlights of B.Com in Taxation and Finance Course is mentioned below:-

Level

Undergraduate

Duration

3 Years

Age Limit

17 - 23

Minimum Qualification

10+2 with minimum 50% marks

Selection Process

Merit or Entrance Exam

Annual Fees

Rs 5,000/- to 1,00,000/- per annum

Average Salary

Rs 4,80,000/- LPA

Employment Sectors

Sales Tax Department, Banking Sector, Indian Economic Services, Import/Export firms, Docks, Airports etc

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B.Com in Taxation and Finance Eligibility Criteria

The candidates who meet the following eligibility criteria will be eligible to take admission in B.Com in Taxation and Finance.

  • In order to take admission in B.Com in Taxation and Finance course, the candidates need to pass 10+2 examination with minimum 50% marks from any recognized board of education or its equivalent qualification

  • In some colleges and universities candidates also need to appear for the admission test.

Note:- The eligibility criteria mentioned above can vary from one college to another.

B.Com in Taxation and Finance Admission Process 

Like any other undergraduate programme offered in the country, each educational institution will define an admission process and guidelines. In India, aspirants may be asked to participate in two distinct admission processes such as Merit-Based admissions and Entrance-based admissions. Check out the steps for different admissions processes for B.Com Taxation and Finance followed in India.

Entrance-Based Admissions

  • After applying for admission, the college/university will request each candidate to appear for a University-Level entrance test on a specified date and time.

  • Post attempting the entrance test, the concerned university and institute will release merit lists containing the names of all candidates along with their ranks and scores obtained in the entrance test.

  • Depending on the admission policy of the institute/college/university, candidates will be asked to partake in different selection processes.

  • Among the common selection processes, candidates may be asked to sit for a Personal Interview and/or a Group Discussion.

  • Based on the overall performance of the shortlisted candidates, the concerned educational institution will offer admissions to prospective students.

Merit-Based Admissions

  • Here, candidates will be asked to participate in different selection processes after submitting their respective application forms.

  • As per the individual admission guidelines of the colleges, merit lists will be released containing the names of all candidates who have applied and have been shortlisted for further admission processes.

  • According to the ranks obtained by the candidates in the merit lists, they will be called to participate in the selection processes, which may include a Personal Interview and/or Group Discussion.

  • The overall performance of each candidate in the selection parameters, which include the past academic record and the personal interview and/or group discussion, will confirm their admission to the respective B.Com Taxation and Finance course in the concerned college.

Counselling-Based Admissions

  • Common under both Merit-based and Entrance-Based admissions, universities opt for counselling based admission in cases where there are a number of affiliated and constituent colleges under their ambit.

  • In Entrance-based admissions, after the respective merit lists have been released, candidates will be called in the order of their merit for the counselling rounds.

  • In merit-based admissions, the colleges will call applicants as per their merit, as listed in the respective merit lists.

  • In both scenarios, the candidates will be asked to sit for counselling rounds, where candidates will choose the college and course as per their choice.

  • The Universities/colleges will offer admissions to the prospective students based on the ranks/scores mentioned in the merit lists, the preferred choice of college and course along with the vacancy of seats in the individual choices.

Note: It is important to note that each college or educational institution will define its admission processes individually for B.Com Taxation and Finance course in India. Therefore, all aspirants are advised to go through the individual admission processes and guidelines prior to applying for admissions.

B.Com in Taxation and Finance Course Fees

All those aspiring to pursue the 3-year undergraduate programme can expect to be charged an average course fee for B.Com in Taxation and Finance ranging anywhere between ?5,000 to ?5,00,000. As is the case usually, Government Colleges offering B.Com Taxation and Finance course are comparatively cheaper than that offered in Private B.Com Taxation and Finance Colleges in India.

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B.Com in Taxation and Finance Syllabus

The year-wise syllabus of B.Com in Taxation and Finance is as follows:

1st Year

Account Transactions

Books of Accounts

Business Statistics

Capital Budgeting

Central and Sale Taxes

Custom law and procedures

Employee management

Communicative English

2nd Year

Employee Report preparation

Employee state Insurance Act

Excise and Custom laws

Excise Registers

Applied Economics

Income Tax evaluation

Income Tax act 1961

Inventory Management

3rd Year

E-Commerce

Service Tax management

Income distribution

Payroll management

Research and report presentation

Viva-Voce

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B.Com in Taxation and Finance Career Options and Job Prospects

Some of the popular job roles and employment areas that the candidates can choose after the completion of the respective course is as follows:

Employment Areas

  • Banking sector

  • Tax Department

  • Sales

  • Indian economic services

  • Import/Export firms

  • Airports

Job Profiles

  • Income Tax Officer

  • Cost Accountant,

  • Tax Consultant, 

  • Budget Analyst, 

  • Finance Manager, 

  • Assistant Accountant

  • Auditor

Salary

In Between Rs 2,70,000/- to Rs 5,50,000/-

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FAQs about B.Com in Taxation and Finance

What are the top colleges offering B.Com in Taxation and Finance courses ?

Following are some of the top colleges offering Commerce and Banking courses : Sri Venkateswara College (New Delhi) , Hindu College (New Delhi) , St. Xavier's College (Kolkata) , Shri Ram College of Commerce (Delhi) , Mount Carmel College (Bangalore). You can explore these colleges on our website to check if they offer B.Com in Taxation and Finance or not.

What is the average fee for the course B.Com in Taxation and Finance ?

The average fee for B.Com in Taxation and Finance is INR 50,000 per year.

What is the duration of the course B.Com in Taxation and Finance ?

B.Com in Taxation and Finance is a 3 year course.
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Related Questions

A

Anmol Arora, Content Team

-Answered on Oct-23-2024

Dear Student,

The complete fee for B.Com first year at Alankar PG Girls College, Jaipur is INR 17,000 as tuition fee for first year and an additional charge of INR 1,000 for practicals. Hence, the total B.Com course first year fee at the college is INR 18,000. There are two semesters in B.Com first year and for each semester the fees is INR 8,500. The fee is to be paid using the provided payment gateway network in the starting itself at the time of admission. The fee structure of a college depends upon several factors such as location, placement record, number of seats, reservation policy followed, academic achievements of the student, course, specialization availability etc. 

A

Anmol Arora, Content Team

-Answered on Oct-08-2024

Dear Student,

The application fees for B.Com course at Mumbai University is INR 1,000 for general category students and INR 500 for reserved category students. The course fees for B.Com at Mumbai University is INR 3,680 per semester for general category students and INR 380 per semester for reserved category students. The course is offered for a duration of three years and divided into six semesters, which total up to INR 22,080 course fees for general category students and INR 2,280 for reserved category students. The B.Com course offered at Mumbai University is quite popular and has a good placement record. The fees is quite affordable in comparison to other colleges and universities situated in Maharashtra.

r

rahul sharma, Student / Alumni

-Answered on Oct-03-2024
Dear ,for B.Com at LPU,the eligibility is 12th with minimum 50% marks from a recognised school , a regular or a distance education course. B.Com eligibility criteria also includes students to be primarily from commerce background with Maths and Economics being the core subjects. Moreover, students who have appeared for class 12th final examination and are waiting for their results are also eligible