6 Best Income Tax Accounting Courses Online

Taxation and accounting both are essential parts of companies that help in dealing with financial needs and fulfilling the legal requirements. The company is always liable to pay some amount to the government which they pay through various taxes. And the requirement for accountants is always there. To increase your profit and make you bear the loss, it all depends on the accountant, and how he handles the company’s expenses to get the ideal profit out of the transaction which was made.

There are now plenty of tax accounting courses available online. And these courses are directly available to learn income tax accounting or they are a full package of financial accounting. These courses are available for everyone through the online medium. All you need is to apply and wait for approval. A complete package that features highly qualified faculties and maximum satisfaction. These super courses are available for the use of not just the company but for anyone who are interested in income tax accounting.

Income Tax Accounting

Income tax accounting is one of the processes of representing the purpose of the charge. And this thing applies to individuals, companies, and organizations. Yes, even the individuals should have proper tax accounting involved in their working medium. The reason for tax is simply to contribute to the betterment of the country.

There are 5 types of taxes that are involved in the country’s taxation:-

1. Income Tax
2. Capital Tax
3. Corporate Tax
4. Sales Tax
5. Property Tax

Top 6 Income Tax Accounting Courses

1. SLA

The no. 1 on the list for tax accounting courses is this SLA’s business accounting and taxation training course. This program is designed and planned by successful employers who have worked for many big companies in the accounting department. In this course, you will cover E-account, E-Income Tax, E-GST, and E- Taxation.

Every type of industry like investment banking, FMCG, Automobile, manufacturing, etc. needs professionals in finance, E-Taxation, and E-accounts. In the world of E-accounts and Financing, the companies require updated statements and balances. A clear explanation and elaboration of all the expenses and income are required to be shown on the papers.

This is why income tax accounting gets preferences over any other department. Once you paid the taxes, there is no need to worry about your company or industry. You will get E-taxation, Income Tax (ITR 1 to 7), GSTR-9, GST, Tally ERP 9, SAP HANA simple finance, and custom master level program which are easy to learn through this course.

Not just this but also there are highly experienced CAs (Chartered Accountants) who will be giving you training in Taxation and E-Accounting. Now, this ultimate course surely makes no. 1 on the income tax accounting courses list.

Benefits:

• A certificate that will help you get acceptance in any industry for the accounting and taxation department.
• Even if you are fresher you will still get benefits from this course.
• Once you have completed the 70% of the course then the assigned placement team will help you in getting jobs by arranging the interviews.
• At least 4 to 5 experts in FCA/CA who have at least 10 years of experience will give you training and a real-time learning experience.

2. Udemy- Tax Preparation and Law 

As the name says the Tax preparation, there will be complete guidance about the income tax. You will get the presentations, pdf files, problem-solving assistance for practice, and also the instructions step by step for solving the comprehensive problems. This Udemy course is considered to be the most purchased among other accounting courses.

There are 14599 enrolments till now and many students gave 4.3 stars to this course which means they are satisfied with their learning. This course will offer you to learn the income tax concept first, then you will be pushed to taxation law and also learn the most important part of income tax i.e. formatting.

You will get practical examples to learn the steps of how things work in reality. And the problems solving assistance will also be helping you in learning the concept of applying the knowledge which you have learned. There are plenty of income tax accounting courses but it is important to make choices on the best learning.

There is no foundation on who can apply for this income tax course. Is anyone interested in understanding how things work for filling up the taxes? Students who are involved in Taxation and accounting will have a chance to understand the taxing concept by using various forms, software, etc. The 2nd in the list of income tax courses offering fast and quick learning through an online facility.

Benefit: –

• You will learn about income tax law and preparation.
• There will be a complete formula guide for the calculation of tax and tax returns.
• A complete explanation of the impact of taxes and their filling status.
• With the help of a progressive tax system, you will be able to calculate taxes.
• Learning about items that are considered to be an exemption from the standardized concept.

Recommended Read: Business Accounting and Taxation Courses in India

3. City Commerce academy – Tax Expert

The third on the list is CCA’s Tax Expert course. As you can read the name “Tax Expert” simply means there will be complete learning about the Indian taxation from the basic level to the filling up level. The faculty of experts in this course promises to give you all the required knowledge which will help you in calculating the tax and income tax.

The good news here is this course is all about practical learning and there will be practical projects to handle as well. If you are having prior experience in income tax accounting courses, then you will understand this course better. But if you are just getting started with this course then it may be a bad idea because there are some concepts that need basic learning of accounting as well.

In a short duration of time, you will learn the income tax concept. If you are new to the online course market, then do give this course a try and from all the courses you will learn something always. So even if you selected this course then don’t worry, your experience will be good enough which will help learn the new concepts.

Benefits:

• You will be learning about the calculation formula and concept of income tax for individuals and many.
• There will be many more taxes you will be able to learn in this course like Indirect Taxes before GST, Tax collection & Deduction, Employee state insurance, GST, etc.
• You will also be able to learn about the concepts of CST and VAT as well which will help you in the tally process of journals.
• Since the GST is in use now you will learn the concept in a quick time

4. Udemy- Income Tax – Schedule C Small Business Sole Proprietor

No 4 on the list of income tax accounting courses is this small business income tax course. The concept here is to handle all the tax-related issues for the small business mainly. The course is having 4.6 stars from a list of 4995 students. In this course, you will learn about the monitoring/calculation process of who is required to get them registered for schedule C for small business income and self-employed.

This course will discuss the new changes in the taxes from the year 2018 which are related to the small businesses. Here the learning will be about the taxes of self-employment, its reporting, and also its calculation. This income tax course is a big part of income tax accounting courses list just for one reason i.e. many small businesses are ignoring the identical income tax-paying part.

The expenses like Depreciation, Truck and Car deduction, Insurance, interest, employees pay, pension plan deduction, taxes, rent, meals expenses, traveling expenses, why use the home for business purposes and many more expenses are getting deducted. From tax accounting courses, this course is available for anyone who wants to save their taxes and they are having a small business.

Benefits:

• There will be complete benefits for those who are self-employed and they will get to learn about why they can choose to be self-employed workers.  
• How you can pay the business taxes and also fill up the tax amount.
• Reporting process of your self-employed income.
• Learning about employment taxes.
• Business’s expenses and income.
• Calculation of good’s selling cost, Depreciation deduction, insurance deduction, and traveling expenses. Rent payment, tax payment, etc.

5. Alison- Tax Accounting Systems and Administration

Tax accounting is a completely different field in finance where tax documents and advice play a big role in any company. To save the tax many clients are available in the market to seek the help of CA/accountants. You will be able to examine different types of tax laws in this course.

Learn about the tax system and how you can become a tax accountant with the help of this free online course. There is no wonder that there is always availability of courses like tax accounting systems and administration. Students want to skill up their tax department calculation.

Every student/self-employed wants to get selected in the big MNCs or wants to handle a big part in the finance department where income tax plays a big role. Here is Alison’s course. You will not be just learning about income tax but also about many other concepts. There are many more types of taxes that are available to be deducted from the revenue of the company and learning this concept is necessary for many reasons.

Benefits:

• You will also be getting certification after the completion of the course which will be beneficial at the time of job interviews or calls.
• The first benefit here is you will be able to advise on the taxes.
• Identifying the basic accounting terminologies.
• Summarizing the accounting system(double-entry)
• Calculating the outputs and input when calculating the tax.

Recommended Read: Financial Modeling Courses in India

6. Consultease- Certificate Course On Income Tax

There is a huge opportunity in the finance department after the pandemic has hit the country and getting the knowledge practically is questionable on many occasions. People are losing jobs and this is forcing the people to invest in their startups more and more. The startups demand accountants as well.

As per the reports before the pandemic startups were in very less amount but after the year 2020, it is reported that there is a 45% hike in the startups there were 100 startups companies in the market before the pandemic but after the year 2020 and 2021 there are like 143 startups and they are running well but as the company progress they need something new to capture the market.

This course is completely helpful for those who are ready to work in startups as freshers and ready to give the advice which they have gained from the course. This total 20+ hour course with an unlimited view limit is the biggest in the online course market.

Even if you missed the online class you will always have access to the course content. There are like 12 sessions which you will get in total and you are free to ask the experienced faculties. And also you will be getting the certification after the completion of the course.

FAQs

1. Is there an availability of jobs in income tax accounting?

There are always vacancies in the government sector. Local, State, and federal accounting firms. Also, you can work in the financial service sector, academia, banking, etc. These sectors are having the maximum amount of coverage in the employment sector. And these sectors are having their oligopoly when they are handling the auditing part of the large companies. Now if you have already taken the help income tax accounting courses then don’t worry because maybe you will get the green signal for your employment status late but the learning will stay with you always.

2. What is the Importance of accounting?

Handling income taxes is the priority of any company, then arranging the funds for the production of services and goods. Both the need is part of accounting and the importance can be understood easily when you are looking to safeguard your income and save yourself from the extra expenses. This is why after the pandemic it became more necessary to appoint accountants who have specialized in income tax accounting.

3. What skills are required to be successful in the accounting career?

The skills which are required to get the maximum success in the field of accounting are financial problem solving, researching skills, problem-solving, and most important tax savior. Also if you are superior in your job use all the knowledge of saving the tax in the end and motivate your mates to work efficiently and give a hand in the goal achievement of the big MNCs. Your accounting learning will not be wasted if you dedicated learner.

4. Will it be beneficial to do income tax courses and business accounting?

Yes, it is important to income tax account courses and also business accounting. On one hand, you will be completely giving your all income tax accounting courses knowledge to the company. But on the other hand, you will also be having the duty to give the reports where the company is lacking. Your duty is not just to give the tax-saving reports but also to give the alternatives to save the income which will in the end benefit you more than anyone else.

5. Who is eligible for the income tax courses?

If you have an undergraduate degree in accounting, then you are always welcome to the income tax courses. The demand is always there for students and there is a demand for tax-saving needs. Tax savings and accountants are always linked together and it is your understanding of how you will make yourself eligible for it. Once you chose to learn the concept of income tax, you are getting ready to learn the important part of accounting which is required by every single company.

Conclusion

When you are going for all these courses make sure you are checking that they are updated with the latest concepts and calculation methods. There are still some courses that are still getting updated as per the new rules and regulations and as a student, it is important to understand what your exact need is. Since almost all the courses have something to give in extra other than just income tax it is required to make a perfect combination of your new learning skills. Go to their website and look for all tax-related courses first too since income tax is not just the only thing the company will let you handle for a long time.