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PGDM in Business Taxation: Everything You Need to Know

PGDM in Business Taxation

22 November 2021

Filing taxes and maintaining business accounts is a tedious process and quite confusing too if one does not have formal education in the subject. There is hardly any business that does not need to maintain tax files and bookkeeping. Skilled resources of Business Taxation are always in demand in the Accounting industry. Times have changed, processes have been digitized, but the basic need of accounting and taxation is the same for every business.

Eligibilities and structure of PGDM in Business Taxation

Following are the eligibilities a prospective student would need for enrolling PGDM in Business Management

  • Accounting professionals with industry-specific work experience
  • Graduate degree with 50% mark in aggregate
  • A valid score in CAT, MAT, XAT, ATMA, CMAT, or equivalent exams
  • Students who are in the final year of their graduation are also eligible to apply for this course.

A postgraduate diploma in Business taxation also known as PGDM is typically a four-semester program that is designed to acquaint students with the dynamics of the business world. Students are allowed to involve in theoretical activities and practical sessions, giving them an in-depth knowledge of the intricacies of business taxation.

Career leverage of PGDM in Business Taxation

Earlier business taxation was a part of Business accounting but with the increasing awareness and taxation policies, and the government imposing more stringent rules, the importance of taxation professionals is increasingly getting recognized.

The four-semester PGDM course in Business Taxation imparts in-depth knowledge on all the latest technical accounting software. However, due to its intensive pedagogy, this PG diploma certificate in Business Taxation is considered equivalent to CA and MBA. Below are some career leverages of this PGDM course.

  • Detailed in-depth knowledge of the accounting structure of an organization
  • There is always a high demand for accounts professionals and hence innumerable opportunities.
  • Scopes of learning practical accounting and solving challenges
  • Gain in-depth knowledge of the current accounting technologies other than just tally.
  • Scope for students to start their practice as entrepreneurs.
  • Those who do not want to stick to one organization can take up freelance jobs.
  • Get the opportunity for non-commerce graduates who are interested in working for the accounts and business industry.
  • There is a huge requirement of accounts professionals in middle east countries, so it opens opportunities for people who expect high salaries.

Role and Career Scope of Tax Accountant

Undoubtedly, being a tax accountant is a lucrative and highly rewarding career. In an organization, he is responsible for the following things.

  • Ideate profitable business plans, investment strategies for an organization.
  • End-to-end management, file and, submission of tax-related documents for the entire organization.
  • Estimate the overall tax of the organization and ensure that it has been paid on time and look for any discrepancy on part of the income tax department.
  • Assist the management in Finance and taxation matters.

A PGDM degree in business taxation provides an array of career choices to its students both in the public and private sectors. A taxation professional can expect the following job roles after the completion of the course:

  • Accounts Manager
  • Accounts Executive / Consultant
  • Analyst or a Senior Accountant
  • Auditor
  • Tax/Compliance Consultant
  • Cashier
  • Payroll Manager
  • Finance/Business Planner
  • E filing expert
  • GST compliance officer
  • ESI & PF Consultant
  • GST Consultant

There are other responsibilities of a business taxation professionals other than just his organization’s requirement. These professionals are also responsible for managing accounts and ta filing formalities of the clients, employees, vendors. Apart from being a part of the organization, students with PGDM in Business taxation can start up their practice.

PGDM providing institutions like Mats Institute of Management and Entrepreneurship (MIME) intensively designed curriculum that provides training in ERP software, MIS reporting, SAP, Quickbooks, auditing, techniques of payroll processing, Goods and Services Tax (GST) apart from core concepts of commerce, trading, business, and management.

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