Tax Consultant job roles, responsibilities, descriptions, duties and salary

Date of posting: 20 Sep 21

What Does a Tax Consultant Do?

Get access to the job designation, duty and responsibility, employment, work schedule, qualifications, technical skills and pay scale of a Tax Consultant

Job designation: - Tax Consultant

The Tax Consultant is responsible for providing tax-related services to clients, including the implementation of tax compliance, planning and reporting solutions. The Tax Consultant may also be called on to help clients with tax-related issues.

Duties and responsibilities of a Tax Consultant

The responsibilities of a tax consultant are to examine the various aspects of taxation to provide appropriate advice to the client. These professionals are often lawyers, accountants or economists. Their responsibility is to advise their clients on the best course of action that will have the least impact on future tax liability for both parties.

  • Implement tax compliance, planning and reporting solutions in accordance with client needs

  • Participate in the development or review of company policy, procedures and/or systems that impact tax compliance, planning or reporting

  • Handle complex or sensitive matters that require in-depth knowledge of the law and related regulations

  • Provide expert guidance on tax consequences of specific transactions

  • Assist with the implementation of systems to support tax compliance, planning or reporting

  • Help clients with tax-related issues when necessary

Places of employment for a Tax Consultant

  • Government agencies

  • Corporations

  • Individual business owners

  • Individuals who want to reduce their taxes

Work schedule of a Tax Consultant

An average tax consultant's work schedule differs depending on the company they are working for, but usually, it starts with an hour or two of research and reading before starting their day. They spend the rest of their time meeting with clients, writing reports, handling phone calls and other necessary tasks.

A typical tax consultant will usually have office hours from 8 AM to 6 PM during the weekdays. They might also have Saturdays or Sundays off or have to come in earlier in the morning or stay later at night if they are assigned a project deadline.

Qualifications required to become a Tax Consultant

  • Candidates must hold a degree in commerce, economics, or statistics from a recognized university

  • Candidates must be certified by the Institute of Chartered Accountants of India (ICAI) or any other equivalent body recognized by the government of India

  • Candidates must have completed two years of experience leading to the award of the degree in Commerce, Economics or Statistics or an MBA with Finance

Under-graduate courses to become a Tax Consultant

  • Law (LLB)

  • Economics (B.A. / B.Sc.)

  • Statistics (B.A. / B.Sc.)

  • Mathematics (B.A. / B.Sc.)

  • Commerce (B.Com.)

  • Management/ Business Administration (BBA / BBM)

Eligibility to pursue the course: -

Entrance-exams to be taken to pursue the course

  • Merit-based admission

  • Entrance for certain institutes

Institutes which are offering these courses 

  • Any college certified or recognised by the UGC, AICTE and NAAC

Post-graduate courses for a Tax Consultant

  • Master’s in Commerce

  • MBA in Finance

Eligibility to pursue the course: -

  • Must be a graduate over 50 to 60%

  • Relative work experience

Entrance-exams to be taken to pursue the course

  • CAT

  • MAT

  • XAT

Institutes which are offering these courses 

  • IIM Ahmedabad 

  • IIM Calcutta

  • FMS Delhi

  • IIFT Delhi

  • XLRI Jamshedpur,

Key/Technical skills

  • Knowledge of federal and state tax laws

  • Accounting principles and practices

  • Tax accounting rules and regulations

Salary expectations

  • Average salary: -Rs. 5.7 lakhs per annum

  • Entry level salary: - Rs. 4.6 lakhs per annum

  • Experienced-level salary: - Rs. 6.05 per annum

Process of getting the job of a Tax Consultant

  • Placement from colleges, universities and other recognised institutions

  • Job searching on linkedin or Indeed for Tax Consultant posts

  • Checking out any institution’s profile and requirements for a Tax Consultant

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