Customs officer definition: a person employed by a customs service | Meaning, pronunciation, translations and examples There are 4 stages in SSC CGL and applicants have to perform well at each stage. The minimum age limit of the candidate is 18 years and the maximum is 27 years. Salary in Hand is around Rs. b) Definition of ‘Principal Officer’ – Section 2(35) Income Tax We hope this blog helped you explore the answers to how to become Income Tax Officer. 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). after 12th how can I prepare for it if I take maths hons in bsc is it good or we should take arts. Each one of us has got something unique enough to be successful; we believe in bringing you closer to that Block A, Defence Colony New Delhi, Our team consist of tax compliance and tax consulting specialists. Koramangala, Bengaluru, Karnataka 560034, Leverage Edu Mumbai, Koramangala, Bengaluru, Karnataka 560034, Read Our Blog: Additional tax responsibilities could include payroll, sales and property tax filings. ‘something’ and helping you leverage it! The minimum education requirement to be recruited as Grade C and B inspectors is to be a graduate in any discipline. A-258, Bhishma Pitamah Marg, customised services that resonate with your personal career needs. One such specialised field of Taxation lies in the Income Tax Department which facilitates tax collections and ensures that individuals and organisations are following the laws of taxation. https://leverageedu.com/blog/, Read Our Blog: https://leverageedu.com/blog/. Our Leverage Edu experts are here to get you started on your dream career. 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. The office is responsible for the day-to-day administration of the various taxes, and tax inspectors are involved in determining tax liabilities, assisting members of the public with their tax situations, individual and company audits, and investigative work aimed at combating tax evasion. CAO, Chief Accounting Officer, is an increasingly popular title across the finance industry. As a critical part of the procedure of how to become Income Tax Officer, the main exam can be taken by those candidates who have passed the Preliminary Examination. 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. Along with the fixed salary package, income tax employees also earn some special allowances. SSC CGL for is that the candidate should hold a Bachelor’s degree in any stream. A-258, Bhishma Pitamah Marg, Block A, Give us a call on 1800572000 and book a free e-meeting with us today! Leverage Edu is a one-stop-shop for all your career-related needs - right from finding the best-fit college This link will guide you about IAS Preparation- https://leverageedu.com/blog/ias-preparation/, What is best way to become an income tax officer upsc or ssc cgl. Hi Sager, Learn more. Income-tax officer meaning in Bengali - আয়কর-আধিকারিক; ; | English – Bangla & English (E2B) Online Dictionary. FEMA employees as well as certain public employees working with FEMA are also considered PSOs. customised services that resonate with your personal career needs. Hi Ankit, Innov8, 3, 20 Main Road Then, you are in the right place because we have accumulated all the necessary information to help you build a thriving career as an Income Tax Officer. To become an Income Tax Officer you will have to qualify either SSC CGL or UPSC. Then, you can go for the Civil Services Examination conducted by UPSC and opt for Indian Revenue Services for which the age eligibility is 32 years and you can give the exam 6 times. 20, Marol MIDC, Qualifying any exam between UPSC and SSC CGL will help you attain this job profile. [business] They had 87,000 employees on the payroll. tax officer meaning in Hindi with examples: कर अधिकारी ... click for more detailed meaning in Hindi with examples, definition, pronunciation and example sentences. In order to become an Income Tax Officer, you must first begin with the post of Income Tax Inspector for which the recruitment procedure is carried out through SSC CGL exam. 20, Marol MIDC, 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? For complete Salary Details: Click Here; Income Tax Officer Salary is equivalent to the salary of an Assistant Audit Officer (Grade 4800). 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." As per section 2(r) of Wealth-tax Act, valuation officer means a person appointed as a Valuation Officer under section 12A of the Wealth-tax Act, 1957, and includes a Regional Level 7. D-5 Road No. Chartered Accountancy is the most…, Getting selected for a job is not always about receiving an appointment letter as there are various additional…, Tier 3 and 4 are not applicable for the selection of Income Tax posts. Duty definition is - conduct due to parents and superiors : respect. The State Service Commission (SSC) conducts the recruitment exams for Income Tax Inspectors and Income Tax Officers under the Department of Income Tax. Your email address will not be published. If you are in the assessment section, you will be handling on-desk responsibilities such as tackling auditing and tax refund or TDS related issues while in the non-assessment aspect, income tax inspectors carry out intel or evidence gathering on possible defaulters by conducting rails with the income tax field teams in the department. D-5 Road No. 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 Finance Officer job description. Plot No. To know the procedure of how to become Income Tax Officer, it is important to understand that these officers possess excellent analytical skills and a high level of numeracy which is essential to investigate suspected tax fraud. NOTE: The above-mentioned table indicates the estimated salaries. and indirect (Central Excise, Service Tax and even Customs Duty) taxes. The eligibility requirements for the SSC CGL exam are as follows: Quick Read: Upcoming Government Exams 2020. Providing policy advice on taxation issues. An Income Tax Department is responsible for the day-to-day administration of various taxes. Hi Nikita, 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. Tax managers are primarily responsible for accurately preparing and filing state and federal tax documents. Both the exams can be taken irrespective of the stream that candidate belongs to. Tax officers/inspectors are employed in the Office of the Chief Inspector of Taxes within the Office of the Revenue Commissioners. Office of the Principal Chief Commissioner of Income-Tax will soon release an Income Tax … 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. Further, as a career field, there are immense prospects available in Taxation. Tabulated below are the estimated cut-offs as per the categories-. View 10 Popular Schools ». In other words, SSC is an authorised body responsible for conducting SSC CGL exam for recruitment of the Income Tax Inspector because the Department of Income Tax falls under the Central Government of India. Registered in England No. As per the grade you are selected for, there can be a mild variation in the salary. A chief tax officer is a senior corporate financial manager responsible for determining organizational liabilities to tax authorities. However, the cutoffs depend on the number of candidates and number of vacancies available. Copyright © HarperCollins Publishers. IRS officer is the fourth most respected officer of Civil Services after the IAS’s, IPS’s and IFS’s.They are comprised of IRS (C&CE) and IRS (IT). Such assessing officers will assess the records of the particular set of tax-payers in that geographical area only to assess the returns. 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 With data-first approach at Leverage Edu, you get 100% 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. In low-income countries, compliance costs are high, they are lengthy processes, frequent tax payments, bribes and corruption. Leverage Edu is a one-stop-shop for all your career-related needs - right from finding the best-fit college to The starting salary of the SSC CGL Income Tax Inspector and Income Tax Officer is somewhere around 9,000-34,000 INR along with a grade pay that ranges somewhere between 4,000-5500 INR. Owing to the endless perks and benefits with a worthy salary often lets one ponder about how to become an income tax officer. Calculates the tax liability of businesses and individuals, checks tax returns and identifies tax evasion. The people on the payroll of a company or an organization are the people who work for it and are paid by it. Lastly, tax managers work to identify tax problems and propose solutions. Andheri East, Mumbai, Maharashtra 400069, Leverage Edu Bangalore, Build your Administrative Officer job description with skills, salaries, and more. The salary breakdown of an Income Tax Inspector is as follows. Also, the government ensures paid leaves for officers to complete professional examinations that are essential for growth and promotion. This will combine the knowledge of your business and specific compliance expertise into one team. You must be aware of people getting scared by Income Tax Officers who are also known as the ‘Police of Taxation’ and considered as the watchdog of the growing defaulters of income tax. ‘something’ and helping you leverage it! The intensive training includes exposure to different administrative procedures, tax laws and investigation skills. Let us understand the salary package and the incentives earned by an Income Tax Officer-. The exam is then followed by an interview and Physical Standard/Physical Fitness and Medical Tests. IRS officers are concerned with the collection, administration and policy formation of direct (Income, Corporate, Wealth, FBT etc.) Once you are selected, a 12-week training is conducted at the Direct Taxes Regional Training Institute (DTRTI) in the region which you have been allotted. Banking, insurance and financial services, Fund management, administration and investment banking, Human resources, recruitment and training, Scandi Standard Graduate Leadership Program, Association of Higher Education Careers Services, Assessing, collecting and managing taxes and duties that account for over 93 per cent of exchequer revenue, Administering the customs regime for the control of imports and exports and collection of duties and levies on behalf of the EU, Working in co-operation with other state agencies in the fight against drugs and in other cross-departmental initiatives, Carrying out agency work for other departments, Collection of PRSI for the department of social, community and family affairs. Their focus includes regulatory compliance and practices and collaborating with the CFO developing financial strategies. Another element in the process of exploring how to become an Income Tax Officer is to take the direct route of the UPSC exam. If you have passed the main exam, the final stage of SSC CGL examination is a personal interview where test your personality and mental abilities are put to test. For assistance regarding deciding the best one, get in touch with our career exerts through 1800572000. Thus, you can take your dream course after class 12th. Cambridge Dictionary +Plus Koramangala Industrial Layout There are two main routes to become an Income Tax Officer in India, i.e. 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. How to use duty in a sentence. 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. GTI Ireland, 14-16 Lord Edward Street, Dublin D02 YC63, ©2021 GTI Media Ltd. The minimum academic qualification for the SSC CGL exam is a bachelor’s degree in any discipline. Once you’ve cleared all the stages of the examination, you will be appointed as an Assistant Commissioner of Income Tax which is a Group A Post. Revenue Officer: An individual who collects revenues such as taxes and duties on behalf of the government. In addition to this, there may be a Skill Test to test the data speed of 2000 words per 15 minutes and will be conducted at the regional/sub-regional office of SSC. Tax compliance in simple terms refers to a taxpayers fulfillment to its obligations regarding the needed filling of tax return within a given period, and citing income and deductions. An Income Tax Officer (ITO) is an authoritative official or inspector of the Income Tax Department who deals with tax-related matters of the Central Board of Direct Taxes (CBDI). Duties include keeping records, managing inventory, and answering calls. customs officer definition: 1. a person whose job is to make certain travellers are not taking goods into a country without…. If you are a graduate below the age of 30 years, the first step is to apply for the Combined Graduate Level (CGL) Examination conducted by the Staff Selection Commission (SSC). Your email address will not be published. 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. Registered office: The Fountain Building, Howbery Park, Benson Lane, Wallingford, Oxfordshire OX10 8BA UK. Leverage Edu Tower, In addition, tax managers develop tax strategies and policies that help the client or business maintain compliance with local and federal tax laws and regulations. NOTE: The aforementioned table contains scores only for indicative purposes. 91 Springboard, Lotus Building 44900. 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. These cutoffs are generally set high for the Income Tax Department as it comprises of the most preferred and lucrative job profiles. 2347472. Save my name, email, and website in this browser for the next time I comment. Below mentioned are the 3 stages of SSC CGL examination in further detail: This examination contains two papers. Calculating your…, A career in Finance can take you into a diverse range of industries. Other than this, relaxation in upper age limit is also applicable for employees working in the Government of India and defence services. Each one of us has got something unique enough to be successful; we believe in bringing you closer to that 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). 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). The basic eligibility requirement for the income tax exam, i.e. The key responsibilities of an Income Tax Inspector include the assessment of tax returns as well as reporting any discrepancies in the returns filed either by individuals or firms and organisations. Other than this, you will be briefed about your salary, perks and other benefits provided to an SSC CGL Income Tax Inspector. With the government taking various measures to tackle illegal wealth, the requirement of Income Tax Officers is increasing tremendously. The exam for Income Tax Officer is referred to as SSC CGL exam which is followed by an interview and Physical Standard/Physical Fitness and Medical Tests. Get notified about the latest career insights, study tips, and offers at Leverage Edu. Here are the key requirements for income tax officers: The Staff Selection Commission – Combined Graduate Level or SSC CGL Exam is a national-level test conducted for the recruitment of various posts in Indian government’s ministries, departments and organisations. SSC CGL generally encompasses a four-stage recruitment process in which Tier 3 and 4 are not applicable for the selection of Income Tax posts: Tier 1 & 2: Preliminary & Mains; Both online exams comprising of multiple-choice objective type questionsAfter these two exams, a personality/skill test or interview is conducted at the regional or sub-regional office of SSC. Required fields are marked *. You are here: Home > Recorded Documents > Definition of Documents Definition of Document Types The following are the codes which the Cuyahoga County Recorder's Office uses to define documents filed in … Koramangala Industrial Layout The CAO is responsible for overseeing all accounting functions such as ledger accounts, financial statements, and cost control systems. Are you wondering how to become Income Tax Officer? This Finance Officer job description template is optimized with financial and administrative duties to cover your company needs. COBUILD Advanced English Dictionary. 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.

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