Income Tax

Being one of the vast subjects, Taxation comes under the Government. There are certain slabs set by the Government and if an individual or business earns more than a certain limit, it has to pay taxes to the Government. Hence, Income Tax Auditors calculate taxes and pay the amount on behalf of the citizens or firms so that the Government can utilize that money for various public services like Construction of Roads, Parks, improving the health schemes, educational institutes, and much more.

Tax Auditors are responsible for preparing and submitting tax returns, suggesting business plans, and investment options, helping clients to prepare financial statements, and suggest ways to minimize the income tax to be paid by an individual or group.

• 10 + 2 in any Stream
• Graduation in any stream with 55%
• Qualify Income Tax Department Test / Civil services examination and fill preferences for IRS

Significant Statistics

• Graduation can be completed in any stream
• Good  command over numbers, tax laws and policies is needed to qualify the selection test for all posts other than those filled under IRS 
   

Pros

• Stable income and secure job
• Numerous benefits like pension, medical, etc.
• Even at low and middle levels remuneration is good

Cons

• Professionals might get transferred during job
• Technologically not updated 
• Fixed retirement age
• Irregular working hours