How do I become a tax professional in India?

How can I become a tax preparer in India?

Eligibility for Becoming Income Tax Return Preparer

Any individual who holds a graduate degree from a recognised Indian Univerisity in the fields of Business Administration or Management or Commerce or Economics or Law or Mathematics or Statistics can become an Income Tax Return Preparer.

Do tax preparers make good money?

While ZipRecruiter is seeing salaries as high as $42,274 and as low as $15,238, the majority of Entry Level Tax Preparer salaries currently range between $20,153 (25th percentile) to $29,493 (75th percentile) with top earners (90th percentile) making $41,781 annually in California.

How do I become a tax expert?

The qualifications needed to become a tax expert include a bachelor’s degree in subjects such as accounting, statistics, finance, or business administration. Most tax specialists then work for tax preparation or accounting firms while they study for tax CPA exams.

Who can prepare tax preparer?

The applicant should have a degree in Law, Economics, Statistics, Mathematics, Commerce, Management or Business Administration. Applicants who have qualified with more than fifty per cent score are eligible to become a Tax Return Preparer.

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How can I get TRP certificate?

Register yourself for a home visit by a Tax Return Preparer using the TRPS website. Call the helpline at 1800-10-23738 to get assistance from a TRP. Send a mail to to get a TRP assigned to you.

What is a tax consultant salary?

How much do Tax Consultant employees make? Employees as Tax Consultant earn an average of ₹17lakhs, mostly ranging from ₹5lakhs per year to ₹50lakhs per year based on 56 profiles. The top 10% of employees earn more than ₹34lakhs per year.

Are tax preparers in demand?

The overall job outlook for Tax Preparer careers has been positive since 2004. Vacancies for this career have increased by 9.64 percent nationwide in that time, with an average growth of 1.61 percent per year. Demand for Tax Preparers is expected to go up, with an expected 41,640 new jobs filled by 2018.

Is tax professional a good job?

High Earning Potential

The financial incentive of a tax preparer career is a definite selling point. Income tax preparers typically don’t start out earning high wages; however, their earnings grow as they gain clients and build their reputation.

How do tax preparers make money?

Whether you’re just starting out or you’re a veteran tax professional, here are eight ways tax preparers can make money year round.

  1. Prepare taxes for businesses. …
  2. Offer payroll management. …
  3. Perform bookkeeping services. …
  4. Become a tax service bureau. …
  5. Represent clients before the IRS. …
  6. Educate other tax preparers.


How do I start a career in tax?

Courses in Taxation

A B.Com degree is mandatory to take admission in the two-year M.Com course. Students who do LLB or LLM can also specialise in Taxation Laws and join the field. Bachelor of Management Studies (BMS) or an MBA degree with specialization in Finance may also give you an edge in the field.

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Who are the best tax preparers?

The 5 Best Tax Preparation Services of 2021

  • Best Overall: H&R Block.
  • Best for Self-Preparation With Tax Expert Assistance: TurboTax.
  • Best for Low Income: VITA and TCE Programs.
  • Best for Convenient Locations: Jackson Hewitt.

How much do tax consultants earn in India?

The average salary for a tax consultant is ₹ 19,991 per month in India.

How long does it take to be a tax preparer?

To become a CTEC registered tax preparer, you must: Take a 60-hour qualifying education course from a CTEC approved provider within the past 18 months.

What is tan income tax?

Tax Deduction Account Number or Tax Collection Account Number (TAN) is a 10-digit alpha-numeric number issued by the Income-tax Department. … As per section 203A of the Income-tax Act, 1961, every person who deducts or collects tax at source has to apply for the allotment of TAN.

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