Tax Consultants help people in minimizing their tax obligations and maximize their savings.They assist clients in making decisions about tax-related queries. As tax professionals, they also help them comply with tax regulations and take advantage of adjustment and credit opportunities.Some of the typical roles of a Tax Consultant are listed below:<ul><li>Tax Analyst: Connects with clients and discusses their financial information and taxable revenue.</li><li>Tax Preparer: Offers clients the lowest tax obligation feasible and prepares their tax returns.</li><li>Tax Advisor: Provides tax advice on major life events such as marriage, inheritance, divorce, and childbirth.</li></ul>

A tax consultant usually has a high earning potential, and the salary keeps increasing with their skills and expertise. Flexibility and career promotion opportunities are the main reasons many become tax consultants. Taxation is a lucrative career path that will prepare you to earn well. According to Glassdoor, the median salary of a tax consultant varies between Rs. 4,00,000 to Rs. 8,00,000 per year. 1.3 million specialists managed the new tax regime - GST - in 2017. An example such as this depicts the growing demand for tax professionals.

How to Learn

Some of the major roles and responsibilities of a Tax Consultant are:<ul><li>Prepares tax returns for clients or assists clients by providing them with information so they can fill out their tax returns. Also, responds to client queries and interprets information to guarantee adherence to government rules and regulations. </li><li>They help deal with substantial issues like setting up trusts, handling taxes from rental revenues, and learning the tax implications of important events such as births, marriages, deaths, divorces, etc.</li><li>Tax professionals use computers and work with various programs and software to complete a task. They may also use a telephone to communicate with clients and refer to tax law handbooks to learn the correct procedure to deal with various tax situations and complicated tax considerations, such as capital gains and rental properties.</li></ul>

Roles & Responsibilities

Average take home Salary for a Tax Consultant in India is around HK$69874 per year

Salary Breakup

Tax consultants work with clients on their tax-related issues, such as filing a tax return. For individuals and businesses with complicated estates, preparing a tax return may be legally and logistically complex; due to the complexity and length of these returns, a tax professional is often retained by the client over multiple years.

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Tax Consultant

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