Income Tax About

A career with the Income Tax Department (Government of India) gives an opportunity to work in one of the most important functions 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.

Income Tax
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Career Roles & Responsibilities
  • Deliver a full range of tax services in compliance with laws and regulations within a time frame
  • Build relationships and interact with clients to provide excellent planning, consulting, and expertise
  • Provide innovative tax planning and review complex income tax returns
  • Identify and mitigate tax risks
  • Coordinate accounting staff and assess their performance
  • Manage tax provision and tax compliance process
  • Improve processes by developing or implementing best practices
  • Manage and coordinate tax audits
  • Maintain tax balances on general ledger
  • Prepare all tax papers on a regular basis and handle all information data requests
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Career Education Path Summary

How to Pursue a Career in the Income Tax Department

 

Stream

Graduation

After Graduation

After Post Graduation

Path1

Clear Class XII with any stream

Graduation in any stream with a minimum of 55% marks

Clear Income Tax Department Test

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Path2

Clear Class XII with any stream

Graduation in any stream with a minimum of 55% marks

Clear Civil services examination and fill preferences for IRS

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Important Facts

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

Career Opportunities in Income Tax

Similar Careers
  • 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 the resolution of delinquent tax problems.
  • Communicate with companies, lawyers, colleagues, and accountants
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Career Pros Details
  • Job security and a stable income.
  • Assured pension, medical, and other benefits.
  • Less amount of workload.
  • Better pay at low and middle levels (as a result of the 7th pay commission).
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Career Cons Details
  • Transferrable nature of jobs
  • Technologically backward.
  • The retirement age is fixed.
  • Working hours can be irregular with uncertain duration.

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 the resolution of delinquent tax problems.
  • Communicate with companies, lawyers, colleagues, and accountants

1. Communication

When you work in Tax, you need to explain complex regulations in a way non-specialists can understand. Clear written and verbal communication is an absolute must.

Gathering examples:

  • Telephone jobs, such as calling alumni for donations or volunteering for a peer support line, develop your verbal communication skills and grow confidence
  • Join a debating society, a student council, or even an improv group
  • Join a student magazine or take responsibility for a social website. Successfully advertising and event online is a great example of your written skills

During the application process:

  • Don’t rush your application questions. Make sure your answers are clear and well-structured. The same goes for your CV. Use the STAR method – Situation, Task, Activity, Result
  • In your interview speak clearly and confidently, and connect with your interviewer through body language and eye contact

2. Numeracy

You don’t need to be a maths genius - plenty of humanities students get into Tax. But you do need to be comfortable with numbers.

Gathering examples:

  • Luckily you use numeracy all the time in daily life. For students, the big one is budgeting food, rent, and bills - especially if these are split with other housemates
  • You can also volunteer as a treasurer of a club or society

During the application process:

  • Don’t be afraid to use prosaic examples on your CV or at an interview. If you can explain your successful budgeting techniques, that’s plenty
  • If you’re faced with a numerical question, take a deep breath and think through how to approach it before you dive in

3. Time management

To be successful, you’ll need to priorities tasks, meet deadlines and take personal responsibility for a professional workload.

Gathering examples:

  • During your degree, you need to juggle several different pieces of work or revision for several modules. Think about the techniques you use to manage your time successfully in these situations
  • You also need to manage your time to fit in other responsibilities such as chairing a student society or working part-time

During the application process:

  • Get your application in well before the deadline
  • Be on time for your interview
  • Tackle in-tray exercises methodically. Practice in advance – you can find tests online

4. Commercial awareness

Organisations want their employees to be honestly enthusiastic about their jobs. Commercial awareness shows you’re interested in your industry and you'll be able to keep up with changes as you work.

Gathering examples:

  • Read. Get your hands on any relevant journals and compile a list of expert bloggers
  • Look out for trends. You should be able to discuss industry news and explain why it interests you
  • Act on what you discover. If you hear something talked about, research it further. If you can, organise a debate or seminar or invite a guest speaker

During the application process:

  • Research the company before you apply. What’s unusual about it? What attracts you? What are the different paths for graduates?
  • By the interview stage, you should have an excellent grasp of the company; key competitors, recent successes, reasons for any stock movements, and so on
  • Don’t ask your interviewer any questions where the answers are available online or in company reports

5. Problem-solving skills

In Tax, you often need to get creative. For example, if you want to reduce the tax a client pays there is a huge range of tools you could recommend, such as trusts and tax-free investments. It’s up to you to find a clever solution.

Gathering examples:

  • You solve problems all the time in your everyday life. Think about times when you’ve hit a snag – maybe a funding shortfall for a trip, a member of a project group who called in sick at the last minute, or two colleagues at your part-time job who wouldn’t stop arguing. What did you do to fix it?
  • The more you try to do, the more problems you’ll run across! Get involved in anything where you have to take on responsibility. Problem-solving examples are guaranteed

During the application process:

  • There aren’t any special tips for this one. You’ll be given tasks and problems to solve. You’ll be watched as you work. Think carefully, take your time, and be creative

6. Attention to detail

In tax law, the regulations say exactly what they mean – and you need to interpret them exactly that way. That means paying attention to every word. 

Gathering examples:

  • Science students have it easy here – experimental techniques and computer programming require attention to detail and give evidence of your success
  • Take on tasks such as proofreading for the college paper or keeping records for a student society

During the application process:

  • Proofread your application thoroughly – weed out every tiny spelling or punctuation error
  • When your interviewer asks you a question, make sure you’re clear on what you need to do. If you’re not, ask for more detail

7. Organisation

You’ll be facing large, complex tasks during your career in Tax. You need to be able to break them down into sections you can tackle methodically.

Gathering examples:

  • Everyday examples of organisation often involve technology. Think about the apps you use to keep yourself organised. How did you select them, and what do they allow you to do?
  • Take on managerial responsibilities at a job, such as setting up shift rotas or allocating tasks
  • Get involved in organising an event for a student society
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