Description
Course Name: Diploma in Basic Of Income Tax
Course Id: DBIT/Q0001.
Eligibility: 12th Grade (higher Secondary) or Equivalent.
Objective: A Diploma in Basics of Income Tax is a short-term professional course designed to provide students with a foundational understanding of income tax laws, filing procedures, and compliance in India. It equips learners with the knowledge and practical skills needed to work in tax-related roles or assist individuals and businesses with tax-related matters.
Duration: 370 Hrs (Equivalent to One Year).
Total Credits: 18.
How You will Get Diploma Certificate:
Step 1- Select your Course for Certification.
Step 2- Click on Enroll Now.
Step 3- Proceed to Enroll Now.
Step 4- Fill Your Billing Details and Proceed to Pay.
Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.
Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.
Step 6- After Payment You will get Study Material Login id and Password on your email id.
Step 7- After Completion of Course Study give Online Examination.
Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).
Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.
Online Examination Detail:
- Duration- 120 minutes.
- No. of Questions- 60. (Multiple Choice Questions).
- 10 Questions from each module, each carry 10 marks.
- Maximum Marks- 600, Passing Marks- 40%.
- There is no negative marking in this module.
| How Students will be Graded: | ||
| S.No. | Marks | Grade |
| 1 | 91-100 | O (Outstanding) |
| 2 | 81-90 | A+ (Excellent) |
| 3 | 71-80 | A (Very Good) |
| 4 | 61-70 | B (Good) |
| 5 | 51-60 | C (Average) |
| 6 | 41-50 | P (Pass) |
| 7 | 0-40 | F (Fail) |
Benefits of Certification:
- Government Authorized Assessment Agency Certification.
- Certificate Valid for Lifetime.
- Lifetime Verification of Certificate.
- Free Job Assistance as per your Interest Area.
Syllabus
Introduction to Income Tax: Basic concepts, direct taxes, indirect taxes, type of taxes, components of income tax law, classes of companies.
Capital investment and Financing Decisions: Conceptual issues in capital investment, the accounting rate of return, compounding and discounting, the net present value (NPV), the internal rate of return, the international rate of return, the impact of inflation on investment proposals, capital rationing.
Financial Statement Analysis: Introduction, characteristics of accounting, branches of accounting, advantages of accounting, types of ratios, liquidity ratios, profitability ratios, classification of cash flow statement, analysis of cash flow statement, important cost concepts, classification/type of budget.
Corporate Accounting and Taxation: Introduction, objectives, computation of time ratio, sales ratio, procedure and basis of allocation of expenses and incomes, meaning and concept of banking companies, important terms in banking business, concept of non-performing assets, types of insurance, concept of consolidated balance sheet.
Computerized Accounting: Spreadsheet and its business application, capital budgeting, preparing presentations, financial accounting packages, financial reporting, features of computerized accounting software, advantages of computerized accounting system, features of tally, book-keeping.
Goods and Services Tax: Analysis of various aspects of GST, GST in India, supply chain and GST, report on returns, report on registrations, report on refunds, report on payment, report on business processes bring clarity, basic-indirect taxes, indirect tax implications on various transactions.
After successfully completing a Diploma in Basics of Income Tax, graduates gain foundational knowledge in tax laws, filing procedures, and compliance, which opens up several career opportunities. Here is a detailed overview of potential career options and their salary ranges in India:
1. Tax Consultant
- Role: Advising individuals and small businesses on tax planning, compliance, and filing income tax returns.
- Salary Range: ₹2.5 to ₹5 LPA (fresher level); experienced professionals can earn ₹6 to ₹10 LPA or more.
- Skills Required: Tax laws, financial analysis, communication skills.
2. Accounts Executive
- Role: Handling day-to-day financial records, preparing ledgers, and ensuring proper documentation for tax filing.
- Salary Range: ₹2 to ₹4 LPA (entry-level); can rise to ₹6 LPA with experience.
- Skills Required: Accounting, GST knowledge, income tax basics, TDS filing.
3. Tax Associate in CA Firms
- Role: Assisting chartered accountants in preparing financial statements, tax audits, and compliance reports.
- Salary Range: ₹1.8 to ₹4 LPA for freshers; ₹5 to ₹8 LPA with 3–5 years of experience.
- Skills Required: Income tax rules, financial documentation, and analytical thinking.
4. Income Tax Return Preparer (ITRP)
- Role: Filing income tax returns for salaried individuals, freelancers, and small businesses.
- Salary Range: ₹1.8 to ₹3.5 LPA; can increase based on volume and clientele.
- Skills Required: Practical tax knowledge, IT return software proficiency, client management.
5. GST Practitioner
- Role: Assisting clients in GST registration, filing GST returns, and resolving GST-related queries.
- Salary Range: ₹2.5 to ₹6 LPA, depending on expertise and client base.
- Skills Required: GST laws, compliance procedures, and taxation software usage.
6. Finance & Tax Analyst
- Role: Analyzing financial data to ensure compliance with tax laws and optimizing tax liabilities for organizations.
- Salary Range: ₹3 to ₹7 LPA for entry-level; senior analysts can earn ₹8 to ₹12 LPA.
- Skills Required: Financial reporting, tax laws, and analytical skills.
7. Payroll Executive
- Role: Managing employee payroll, ensuring proper deduction of taxes (TDS), and handling compliance-related matters.
- Salary Range: ₹2.5 to ₹5 LPA.
- Skills Required: Payroll management, TDS, compliance.
8. Self-Employment as a Freelancer
- Role: Offering services such as tax return filing, small business tax advisory, and compliance audits.
- Earnings: Highly variable, ranging from ₹2 LPA to ₹10 LPA or more, depending on client base and services offered.
Additional Opportunities:
- Government Sector: Positions in the Income Tax Department (requires passing SSC CGL or UPSC exams).
- Corporate Tax Advisor: Salary ranges from ₹4 to ₹10 LPA.
- Taxation Trainer: Teaching income tax basics in institutions or through online platforms. Salaries range from ₹3 to ₹6 LPA.
Career Growth and Certifications
For enhanced career prospects, graduates can pursue additional certifications:
- Certified Public Accountant (CPA) or CA Intermediate for deeper tax expertise.
- GST Certification Courses for specialization.
- Advanced Diploma in Taxation and Accounting for managerial roles.
Salary Factors:
- Location: Salaries in metros like Mumbai, Delhi, and Bengaluru are generally higher.
- Experience: Entry-level roles offer modest pay, but expertise and a growing client base can substantially increase income.
- Specialization: Proficiency in GST, TDS, and corporate tax compliance commands higher remuneration.
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