How to Become an Income Tax Officer Salary: Per Month SSC (2024)

ByIPB
August 13, 2024

If you wish to become an income tax officer (ITO), check out the career path, roles and responsibilities, and income tax officer salary per month.

What is the Salary of Income Tax Officer Per Month

An Income Tax Inspector’s salary ranges fromRs 44,900 to Rs 1,42,400 per month plus Grade Pay is Rs 4,600. The salary of income tax officers is based on experience, location, etc. To know more about how to become an ITO, exam details, career path etc.

An Income Tax Officer (ITO) is a high-ranking official or inspector from the Income Tax Department. The department that handles Central Board of Direct Taxes (CBDI) tax concerns. Income Tax Inspectors, often known as ‘Tax Specialists‘. And their main role is to analyze and examine business and personal tax accounts to guarantee that the proper amount of tax is paid.

When looking into possible tax fraud, these officers’ strong analytical abilities and a good degree of numeracy come in handy. The two main Income Tax Officer exams in India are SSC CGL and UPSC, by passing either of these, you can become an Income Tax Inspector in India.So this topic covers income tax officer salary per month, career path to become an income tax inspector, etc.

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How to Become an Income Tax Officer

Are you interested in learning more about the steps involved in becoming an income tax inspector and the potential career paths available in the finance and revenue sectors? Then you’ve come to the right spot since we’ve gathered all of the material you’ll need to launch a successful career as an Income Tax inspector.

It is admirable for individuals who are interested in finance and taxation to pursue a career as an Income Tax Officer (ITO). This position offers a steady career path and the opportunity to make a substantial economic impact on the country. This blog post will look at the many aspects of becoming an income tax inspector, including the tasks, responsibilities, and road to joining this renowned career. Now let’s discuss the details of this trip.

Income Tax Inspector Salary Per Month

The average salary of an Income Tax Inspector starts from Rs 44,900.However, the in-hand pay for an income tax inspector might range from Rs 58,956 to 69,396 each month.

What is the salary of an income tax inspector after 5 years?

An Income Tax Inspector in India typically starts with a basic pay of ₹44,900 per month under the Level 7 Pay Matrix. Over the years, this pay increases due to annual increments and adjustments in the Dearness Allowance (DA), which is linked to inflation. After five years, assuming no promotions, the basic pay would have risen slightly due to these increments.

Additionally, an Income Tax Inspector receives various allowances such as House Rent Allowance (HRA), Travel Allowance (TA), and other benefits, which significantly enhance the overall salary. Depending on the location of the posting and the prevailing DA rates, the total salary after five years could range between ₹60,000 to ₹70,000 per month or more. If the officer receives a promotion during this period, the salary could be even higher.

Income Tax Inspector Career Path

To obtain all the answers to “how to become an income tax inspector,” simply follow the procedures listed below.

Education Requirement	Earning a bachelor’s degree is a prerequisite for understanding how to work as an income tax officer. Although there is no formal definition for the topic of study, degrees in accounting, law, economics, or business are especially advantageous. The expertise in areas like finance, taxation, and law that are essential to the job of an income tax officer is provided by this educational foundation.
Clearing Competitive Exams	Once you have completed your degree, the next important step is to pass the Staff Selection Commission’s Combined Graduate Level Examination. A variety of talents are evaluated in this competitive exam, such as general awareness, logical reasoning, numerical aptitude, and English fluency. To prepare for this test, you will need to devote a significant amount of time to studying and understanding the material and format.
Training	Following your successful completion of the SSC CGL, you will receive training. This program covers a wide range of topics about accounting, auditing, public administration, and tax policy. This phase is critical in developing the knowledge and practical abilities required to carry out the tasks of an income tax officer.
Ranking and Posting	Both your ranking and your posting will be influenced by how well you perform on the SSC CGL exam and in the training that follows. Raiding and inspecting businesses, analyzing tax returns, and enforcing tax laws and regulations are just a few of the duties that come with being an income tax officer.

Must Read:

How to become an income tax officer after 12th through SSC CGL

Below mentioned requirements to become an income tax inspector after the 12th:

Get a bachelor’s degree

Meet the eligibility criteria

Apply for the SSC-CGL exam

Write the tier I exam

Write the tier II exam

Write the tier III exam

Complete document verification and medical examination

How to Become an Income Tax Officer through UPSC

No, UPSC doesn’t provide any direct recruitment to become an income tax inspector.

However, if you pass the UPSC test, you can become an Assistant Commissioner of Income Tax within the Indian Revenue Services and work in the income tax department. It’s a team, an officer position with a gazetted status

What Are the Requirements to Become an Income Tax Officer?

Reading complex tax regulations and analyzing financial information is a necessary skill set to become an income tax inspector. This ability is essential for spotting tax evasion and making sure tax laws are followed.

Attention to detail	It is important to exercise precision and painstaking attention to detail. Whether reviewing financial records or tax returns, having a sharp eye for detail aids in making accurate decisions and upholding high work standards of work.
Communication Skills	Clear and concise written and vocal communication is crucial. Income tax officers frequently have to properly connect with various parties and explain complicated tax regulations to taxpayers.
Adaptability	Tax legislation and guidelines are ever-changing. To stay current with the latest industry innovations, an income tax officer must be versatile, agile, and open to lifelong learning.

FAQs on Income Tax Inspector Salary Per Month

How to become an ITO after the 12th class?

You need to complete your graduation first, then start preparing for the SSC CGL income tax inspector exam.

What is the monthly income of an Income tax inspector?

Start from Rs 36000 to 47000 (Depending upon experience and location).

Is SSC CGL tough?

Yes, SSC CGL is a tough exam but it is not impossible to crack this exam.

What is the highest salary in Income tax?

The highest salary at the Income Tax Department India is a Senior Private Secretary with an estimated salary of₹12,05,946 per year.

Is an income tax a good job?

Yes, income tax officer is a reputed job and is recommended by most working professionals.

Is the income tax officer Group B or C?

Income Tax officers are considered in Group B as a gazetted job, while those below the rank of ITO are non-gazetted.

Which degree is best for an income tax?

Degrees incommerce, economics, law, or accountingare particularly beneficial for the candidate, but nothing strictly defined.

Which is the highest post in income tax?

The Principal Chief Commissioner of Income Taxis the highest post in the Income-tax Department.

What is the physical qualification for an income tax officer for females?

Female Candidate:Minimum height (152 cm) and Weight (48 kg), physical test may be different as per male candidates.

Is an income tax inspector a good job for females?

Yes, the income tax inspector job suits everyone regardless of gender.

Which exam to crack for income tax inspector?

To become an income tax officer or inspector, through the SSC CGL exam or by securing a position in the Indian Revenue Service (IRS) via the UPSC Civil Services Exam.

What Qualifications are Required to become an income tax officer?

Some educational qualifications required as listed below:
Educational Qualification: The educational qualification of the applicant, is a bachelor’s degree.
SSC CGL Exam: After meeting all the eligibility requirements, appear and qualify for the exam based on tier 1, tier 2, and tier 3 exams.
Document Verification: Complete the document verification and medical examination.
So these are some additional requirements that are required to become an income tax officer.

In conclusion: A job as an Income Tax inspector is a path of continuous learning and devotion. With the appropriate training, aptitude, and willpower, anyone may accomplish this goal. Consider your studies and getting ready for the competitive tests as your first steps toward becoming an ITO. This is the start of your journey!

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