IRS About

Indian Revenue Services (IRS) is a part of Civil Services. A person can be recruited into IRS through Civil Services Examination which is conducted by UPSC. The Indian Revenue Service (IRS), is the body revenue service of the govt. of India. It is one of the Group A services. Indian Revenue Services is a Central civil service that functions under the Department of Revenue within the Union Ministry of Finance and cares with the gathering and management of the various direct and indirect taxes, accruing the same to the Union Government.

IRS includes 2 branches:

  1. IRS (Income Tax)
  2. IRS (Customs and Central Excise)

 

IRS
:
Career Roles & Responsibilities

Indian Revenue Services (IRS) officers act as the safeguards of the Economic borders. They are appointed to law enforcement and intelligence organisations like the Central Bureau of Investigation, Research and Analysis Wing, etc. IRS officers are charged with the responsibility of identifying the tax evasions. They hold statutory powers to go looking for and seize lawlessly accumulated wealth and arrest the culprits to forestall any evasions.

Indian Revenue Services officers have been playing an important role in probing and exposing many scams in India. IRS officers perform all necessary border postings and shield the country from importation and safeguard its economic borders. They undertake patrolling missions on high seas and preventive operations against piracy and smuggling.

 

:
Career Education Path Summary

how-to-become-an-irs-officer-indian-revenue-services

Indian Revenue Services Eligibility

Contents

Nationality

For the Indian Revenue Services, a candidate must be one of the following:

  1. A citizen of India,
  2. A person of Indian origin who has migrated from Pakistan, Myanmar, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, African nation or Vietnam with the intention of permanently settling in India.

Educational Qualification

The candidate ought to have any of the subsequent credentials:

  • A degree from a Central, State or Deemed University,
  • Degree received through Correspondence Education or Distance,
  • Degree from a university qualification recognised by the Government of India as being equivalent to either of the above.

The following candidates also are eligible,but have to submit proof of their eligibility from a competent authority at their institute/university at the time of the main examination, otherwise they will not be allowed to attend the communicating

  • Candidates who have passed the final exam of the MBBS degree but have not yet completed their internship
  • Candidates who have passed the Final exam of Institute of Chartered Accountants of India (ICAI), ICSI and ICWAI
  • A degree from a private university
  • A degree from any foreign university recognised by Association of Indian Universities (AIU)

Age Limit

Age limits vary consistent with the caste reservations. The minimum regulation for a candidate is twenty one years. The upper age limits are as follows

  1. For General: Up to 32 years.
  2. For OBC : Up to 35 years
  3. For SC/ST: Up to 37 years.

Upper regulation relaxation is provided to bound candidates UN agency area unit backward with relevance different factors and physically disabled individuals

Number Of Attempts

  1. For General Category: 6 attempts
  2. For OBC Candidates: 9 attempts
  3. For SC/ST Candidates: No restrictions.

 

Overview Of The IRS Exam

UPSC is the agency authorized by the government to be held responsible for selecting the right candidates for this service. From lakhs of the aspirants only near 1000 aspirants are selected for all the major all-India 24 services combined.

IRS is one of the hardest exam conducted by government organizations considering the exam duration is more (extended 1 year), depth of the syllabus and obviously, the competition involved.

The IRS examination is conducted in 3 components that area unit Preliminary (objective): it’s commonly organized in MAY/JUNE and second: Mains (written), is organized near SEPTEMBER/OCTOBER. After getting through Mains, the candidate will have to face interview/personality test during MARCH/APRIL time. The final result generally comes in MAY. Similarly, a year is spent on exams only.

 

  1. Since the IRS cadre officers are the experts in the matters of taxation they are recruited in various agencies like CBI (Central Bureau of Investigation), R&AW (Research & Analysis Wing), and IB (Intelligence Bureau).
  2. IRS officers get an opportunity to serve as chairperson of the Central Board of Direct Taxes (CBDT).
  3. IRS officers get an opportunity for overseas posting.
  4. IRS cadre officers also may get the opportunity to serve as Income Tax Ombudsman.
  5. IRS cadre officers get the opportunity to serve in Ministries.

The above details would help candidates prepare for UPSC 2020 in setting up their goals.

Related Links:

IAS Salary Static GK
Civil Service Exam Indian Police Service (IPS)
Government Exams UPSC Syllabus
Similar Careers

An IRS agent's salary varies based on the area of expertise, level of experience, education, certifications, and other factors.

  • Median Annual Salary: $54,440 ($26.17/hour)
  • Top 10% Annual Salary: More than $101,120 ($48.62/hour)
  • Bottom 10% Annual Salary: Less than $32,500 ($15.63/hour)
:
Career Pros Details

An IRS installment plan offers many advantages for taxpayers.

  1. Set your amount – The installment plan allows taxpayers to set their own monthly payments to pay back their large debts over a period of time, eliminating the need to come up with large lump sums at once. This allows for the taxpayer to retain control over their finances, even while paying back a significant debt.
  2. Reduced penalties – IRS penalties are reduced for those enrolled in a plan. For example, the Failure to Pay penalty, which is generally 0.5% per month of your unpaid taxes, is cut in half.
  3. Pay off without further penalty – Even if you are enrolled in a plan, you may pay off your taxes in full at any time without incurring further, or additional, penalties. This way, you can wait until your debt is down to a manageable amount and pay it off in full when you are more comfortable and able to do so.
  4. The Collection statute will continue to run – The IRS generally has ten years to collect a tax once it has been assessed.  The clock on this ten-year period is stopped when you request an installment agreement, but begins to run again while your agreement is in effect.  If the clock runs out, you do not need to make any further payments.
:
Career Cons Details

Although clearly advantageous, IRS plans also have some disadvantages, such as:

  1. Interest and penalties – Like any debt, additional interest and penalties apply for each month the debt is not paid in full. This means that the taxpayer will ultimately pay more than the original debt by the time they complete their plan payments.
  2. The IRS may still file a Federal Tax Lien – A federal tax lien means that the IRS has the right to seize your property if you fail to pay your taxes. A lien is served by notice from the IRS that they will seize your property if you do not submit immediate payment. If you do not pay within the specified time after receiving a lien notice, then your property, including your house, can be sold off to satisfy your debt.
  3. Sign up fees – Unless you can pay off your debt within 120 days, IRS plans have their own fees associated with signing up.  Although not very high, they still range from $43 for low income applicants all the way up to $225 for regular installment plan applicants.
  • Analytical skills: Agents must identify potential criminal activity by conducting investigations and analyzing evidence.
  • Computer skills: Much of the data under investigation will be accessed from a computer.
  • Detail-oriented: Agents need to pay attention to detail to identify fraudulent transactions through forensic accounting, and track complex transactions such as those involved in money-laundering.
  • Interpersonal and organizational skills: IRS agents must interact with people across various departments and groups, and cases may involve large amounts of data, making interpersonal communications and an organized approach to work critical.
Register to SeoSight

Sed diam nonummy nibh euismod tincidunt ut laoreet dolore magnais.

Complete Registration!