As per Section 2(20) of the Income Tax Act, 1961, unless the context otherwise requires, the terms “director”, “manager” and “managing agent”, in relation to a company, have the meanings respectively assigned to them in the Companies Act, 1956 (1 of 1956). SSC CGL for is that the candidate should hold a Bachelor’s degree in any stream. 9,300/- Total Pay: Rs. Additional tax responsibilities could include payroll, sales and property tax filings. technology to drive streamlined access to best-matched mentors & leading global Universities. An Income Tax Officer (ITO) is involved in determining tax liabilities, individual and company audits, assisting the public with their tax situations and investigating work aimed at combating tax evasion. After successfully completing a stipulated period of service, you are assured of time-bound promotion given that your annual performance report is always good with no adverse remark against you. For complete Salary Details: Click Here; Income Tax Officer Salary is equivalent to the salary of an Assistant Audit Officer (Grade 4800). Qualifying any exam between UPSC and SSC CGL will help you attain this job profile. These cutoffs are generally set high for the Income Tax Department as it comprises of the most preferred and lucrative job profiles. Leverage Edu Tower, Leverage Edu helps students make career choice & university admission decisions, using simplified However, the cutoffs depend on the number of candidates and number of vacancies available. Income Tax Inspector Salary After 7th Pay Commission: It is a Group C Non Gazetted Post. Duties include keeping records, managing inventory, and answering calls. Salary in Hand is around Rs. entertainment tax officer meaning in Hindi with examples: मनोरंजन कर अधिकारी मनोरंजन कर-अधिकारी ... click for more detailed meaning in Hindi with examples, definition, pronunciation and example sentences. Get notified about the latest career insights, study tips, and offers at Leverage Edu. customs officer definition: 1. a person whose job is to make certain travellers are not taking goods into a country without…. Give us a call on 1800572000 and book a free e-meeting with us today! The candidate is required to fulfil the minimum required physical fitness and stature eligibility to be considered qualified for the Income Tax exam for Income Tax Inspector posts under the Government of India: Principal Chief Commissioner of Income Tax. The minimum age limit of the candidate is 18 years and the maximum is 27 years. Also called as ‘Tax Specialists’, Income Tax Officers analyse and examine business and personal tax accounts and ensure that the correct amount of tax is being paid. customised services that resonate with your personal career needs. D-5 Road No. This will combine the knowledge of your business and specific compliance expertise into one team. 20, Marol MIDC, Requirements to Become an Income Tax Officer, https://leverageedu.com/blog/ias-preparation/, Bachelor’s Degree from a Recognized University, Not more than 27 years (3-13 years of relaxation for reserved categories), General Studies (Reasoning and Awareness). There is a possibility of being appointed as the Chairman of various appellate authorities and tribunals if you retire at a higher position in the Income Tax Department. Moreover, it should be noted that the Preliminary Exam is just a qualifying section for the Final Exam and scores obtained in this exam are not added to the final marks. To become an Income Tax Officer in India, you can qualify either of the two competitive exams such as UPSC or SSC CGL. An assessing Officer or AO is a person who has jurisdiction to make an assessment of an assessee or tax payer, who is liable to tax under the Act. Income Tax Recruitment 2020 Notification – Apply for 20,750 Inspector of Income Tax, Income Tax Officer & Other Vacancies: Latest Job Vacancy in Income Tax Department. Individuals who join the Income Tax Department at an early age have a fair chance of being promoted quickly through the following levels: Income Tax Inspectors work under the Department of Income Tax operating under the Central Board of Direct Taxes (CBDT), a statutory authority that takes care of matters related to levy and collection of direct taxes. As per the grade you are selected for, there can be a mild variation in the salary. Owing to the endless perks and benefits with a worthy salary often lets one ponder about how to become an income tax officer. Finance Officer job description. Another element in the process of exploring how to become an Income Tax Officer is to take the direct route of the UPSC exam. Though there are specific qualifications for Income Tax Departments, the general requirements you need to qualify include a bachelor’s degree and the age limit is 18-27 years. The official graduate careers website in Ireland, north and south – brought to you by your careers service and published by AHECS and GTI Ireland, ©2021 AHECS/GTI Ireland. How to use duty in a sentence. The basic eligibility requirement for the income tax exam, i.e. Other than this exam, you can opt for the civil services exam organised by UPSC for Indian Revenue Services and cracking this exam, you will be appointed as Assistant Commissioner of Income Tax which is a Group A Post. For taxation purposes, a Public Safety Officer (PSO) is defined as: "an individual serving a public agency in an official capacity, with or without compensation, as a law enforcement officer, as a firefighter, as a chaplain, or as a member of a rescue squad or ambulance crew." The CAO is responsible for overseeing all accounting functions such as ledger accounts, financial statements, and cost control systems. Koramangala Industrial Layout Koramangala, Bengaluru, Karnataka 560034, Read Our Blog: Also called as ‘Tax Specialists’, Income Tax Officers analyse and examine business and personal tax accounts and ensure that the correct amount of tax is being paid. NOTE: The aforementioned table contains scores only for indicative purposes. Are you wondering how to become Income Tax Officer? Defence Colony New Delhi, Delhi 110024, Leverage Edu Bangalore, Tax compliance officers are employees of the Internal Revenue Service (IRS) who determine if businesses and individuals have paid the proper amount of taxes. ‘something’ and helping you leverage it! Copyright © HarperCollins Publishers. 44900. Hi Ankit, If you want to become an Income Tax Officer after 12th, you will have to complete an undergraduate degree and then qualify the SSC CGL exam or the UPSC exam for Indian Revenue Services. Moreover, our team have experience working for the tax authority, which brings in-depth insight into the workings of the tax authorities, adding significant value to your business. Registered office: The Fountain Building, Howbery Park, Benson Lane, Wallingford, Oxfordshire OX10 8BA UK. Their focus includes regulatory compliance and practices and collaborating with the CFO developing financial strategies. The State Service Commission (SSC) conducts the recruitment exams for Income Tax Inspectors and Income Tax Officers under the Department of Income Tax. Grade Pay 4600. Build your Administrative Officer job description with skills, salaries, and more. To become an Income Tax Officer you will have to qualify either SSC CGL or UPSC. Both the exams can be taken irrespective of the stream that candidate belongs to. Are you curious about the process of how to become Income Tax Officer and what is the scope of a career in the field of Revenue and Taxation? Koramangala Industrial Layout It contains two sections where Part A involves a ‘Written Exam’ and Part B is a ‘Personality Test’. Plot No. taxworry.com is a house of tax solution related to scrutiny cases, reassessment case , concealment penalty ,salary taxation , house property income ,capital gains , or business & professional income taxation,exemptions and deduction Public officer definition is - a person who has been legally elected or appointed to office and who exercises governmental functions. The IRS is comprised of two main divisions that carry out revenue services on behalf of the Government of India-the CBEC (Central Board of Excise and Customs) and CBDT (Central Board of Direct Taxes). Further, as a career field, there are immense prospects available in Taxation. These tax officers are highly essential to assess, collect and manage tax duties that account for over 93% of exchequer revenue. The table given below has all the selection stages to become an Income tax inspector: Being one of the most lucrative jobs offered under the central government of the country, the cut off for Income Tax Inspector goes generally higher than the other profiles available under SSC-CGL. Below mentioned are the 3 stages of SSC CGL examination in further detail: This examination contains two papers. Hi Nikita, The people on the payroll of a company or an organization are the people who work for it and are paid by it. If you are jotting down the essentials of how to become Income Tax Officer, clearing the cutoff for each examination is another crucial step to keep in mind. Leverage Edu is a one-stop-shop for all your career-related needs - right from finding the best-fit college to Let us help you understand the eligibility requirements, selection procedure, examination pattern, etc. Lastly, tax managers work to identify tax problems and propose solutions. Tax Manager responsibilities include: Delivering a full range of tax services in compliance with laws and regulations within timeframe; Building relationships and interacting with clients to provide excellent planning, consulting and expertise Education requirement to be recruited as grade C and B inspectors is be. State and federal tax documents for officers to complete professional examinations that are essential for growth and.! The Chief Inspector of taxes within the Office of the stream that candidate belongs to, you take... Across the Finance industry Test ’ … Income tax Officer in India, you have. 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