Skip to main content

Income Tax As A Career

Income Tax As A Career

Summary

A career with Income Tax Department (Government of India) gives an opportunity to work in one of the most important function of the government revenue generation setup. A knack for people as well as for numbers is very important to succeed in this department. The various services in the department provide a wonderful opportunity for a stable career along with the chance in contributing to the nation's development.

How to Pursue a Career in the Income Tax Department

StreamGraduationAfter GraduationAfter Post Graduation
Path 1
Clear Class XII with any streamGraduation in any stream with minimum 55% marksClear Income Tax Department Test-
Path 2
Clear Class XII with any streamGraduation in any stream with minimum 55% marksClear Civil services examination and fill preferences for IRS-

Important Facts

  • Graduation in any stream
  • Income Tax department conducts a separate selection test for all posts except those to be filled by the IRS. A good command over number and various Taxation laws and policies is a must to pass the test.

Important Entrance Exams

Postgraduate
InstitutionTentative DateImportant ElementsWebsite
UPSE CSEExam- June to JulyPreliems exam
  • Paper -1 & Paper 2 (MCQ)
  • General Knowledge Vocabulary
  • Social Studies, Science (6th -12th class), Indian polity & constitution, logical reasoning, mathematical aptitude.

Mains There are 8 papers:
  • Paper 1 Indian Language
  • Paper 2- English
  • Paper3- Essay
  • Paper4,5,6,7- General Studies
  • Paper 8,9- Optional paper
Interview/ Personality Test		www.upsc.gov.in/
Income Tax Department Selection TestNA
  • General Intelligence
  • Arithmetic Ability
  • General English
  • General Intelligence

Consists of 5 Paper (Objective papers) Paper 1 to Paper 4 are objective and consists of Tax Law & Taxes, Advance Accountancy, Allied Laws, Office Procedure. 
Paper 5 is subjective		www.incometaxindia.gov.in/Pages/default.aspx 

Work Description

  • Ensure that the government receives tax from businesses and citizens
  • Maintain accounts of tax from different departments
  • Send notice and conduct periodic checks for frauds and other illegal activities
  • Assist people in tax related problems and queries
  • Investigate into claims of inability to pay taxes by researching court information for the status of liens, mortgages, or financial statements, or by locating assets through third parties
  • Examine and analyze tax assets and liabilities to determine resolution of delinquent tax problems.
  • Communicate with companies, lawyers, colleagues and accountants

Pros & Cons of a Career in Income Tax

Pros
  • Job security and a stable income.
  • Assured pension, medical and other benefits.
  • Less amount of work load.
  • Better pay at low and middle levels (as a result of the 7thpay commission).
Cons
  • Transferrable nature of jobs
  • Technologically backward.
  • Retirement age is fixed.
  • Working hours can be irregular with uncertain duration.

Comments

Post a Comment

Popular posts from this blog

Robotics As A Career

Robotics As A Career Summary Robotics is a branch of engineering which deals with the making of robots. Robots are programmed machines which are able to carry out tasks autonomously or semi- autonomously for the better working of the company. It involves designing, building and programming of phsycial robots, to troubleshoot the problems in various domains of operations and manufacturing. This is very useful in fields including transporation, manufacturing, production, medical, army, etc. It is an interdisciplinary branch of mechanical and electrical engineering. Career Opportunities in Robotics Space Research Medical Private Organizations Entertainment Investigation Banking How to Pursue a Career in Robotics Stream Graduation After Graduation After Post Graduation Path 1 Clear Class XII with Science with Maths stream Pursue B.Tech/B.E in Robotics/Mechatronics Engineering Pursue M.Tech in specialized branch of robotics Ph.D in the area of spe...
Post a Comment
Read more

Professor As A Career

Professor As A Career Summary Postgraduates from all fields can hold teaching jobs at the college/university level as professors and lecturers. They are employed by various government and private universities, as well as research institutes across the country. In addition to teaching, many professors also regularly engage in, and contribute to research developments in their field, by writing research papers. Career Opportunities as a Professor Professor How to Become a Professor Stream Graduation After Graduation After Post Graduation Path 1 Pass 12th Class in Any Stream Pursue Graduation for 3-4 years in any discipline Pursue Post Graduation for 2 years in any discipline/concerned discipline Pursue Ph.D for 3-5 years in the same discipline/Clear UGC or CSIR-UGC NET Important Facts Most colleges have an eligibility criteria of minimum 50% aggregate marks in Class XII / and some of minimum 60%. For Post Graduation program some college...
Post a Comment
Read more

Mining Engineering As A Career

Mining Engineering As A Career Summary Mining engineering examines the viability, safety and output of potential mines. Mining engineers ensure safe and efficient development of mines and optimize extraction of ore reserves. They also carry out research and develop equipment that reduce the environmental impact of mining and closely work with geotech, surveying and metallurgy experts. Career Opportunities in Mining Engineering Consultant Production Manager Operations Manager Health and Safety Manger Analyst Mine Planning Mine Ventilation engineer Mining Investment Analyst Petroleum Engineer How to Pursue a Career in Mining Engineering Stream Graduation After Graduation After Post Graduation Path 1 Clear Class XII with Science Stream with Maths Pursue B.Tech in Mining Engineering for 4 years Pursue M.Tech for 2-3 years Pursue Ph.D for 2-3 years Path 2 Clear Class XII with Science Stream with Maths Pursue B.Tech + M.Tech (Dual Degree) in M...
Post a Comment
Read more