Masters in Law is a 2 year full time advance level post graduation program (divided in semester system) about legal studies that help students to select the branch of interest and gain specialization in that field of law which includes tax laws, international laws etc.
The aspiring students must have a minimum of 55% as an overall aggregate at bachelor’s level to be eligible to pursue masters in law. However, the merit score differs from one institute to another and students must know the criterias set by the college of choice.
Admission to this course is mainly done through the results obtained in the entrance exams such as CLAT PG, AILET PG, IPU CET etc conducted by various institutes. However, there are universities and institutions that grant admissions solely based on the marks obtained by students at the undergraduate level.
Some of the top colleges that offer LLM in Taxation Law are National Law School of India University (NLSIU), Bangalore, National Law University, New Delhi, Chandigarh University, Nalsar University of Law (NALSAR), Hyderabad, National Law University, Jaipur, The West Bengal National University of Juridical Sciences (NUJS), Kolkata, etc. The average fee of the program ranges from INR 1,80,000- INR 6,00,000.
See Also: LLM Taxation Laws Top Colleges
Throughout the course the students get the opportunity to enhances their legal expertise due to the variety of subjects included in the time span of 2 years, such as :
- constitutional laws
- insurance laws
- family laws
- corporate law & governance,
- criminal law
- entertainment law etc.
Graduates after obtaining a masters degree in law can work in government as well as the private sector as an advocate, legal consultant, lawyer, assistant professor etc.
The students pursuing masters in law courses also get on campus placements from some colleges. The companies providing recruitments are Khaitan & co., Luthra & Luthra, Platinum Partners, S&R Associates etc. They can earn a capricious amount of salary with an average amount of around INR 5 LPA- INR 10 LPA.
LLM in Taxation Law: Course Highlights
Course Name | Masters in Law, LLM |
Course type | Post graduation |
Duration | 2 years, Full time |
Stream | Law |
Examination type | Semester System |
Eligibility | Aggregate of 55% at Undergraduate level |
Admission Process | Entrance exam and based on counselling sessions and personal interview rounds |
Average course | INR 25,000-1,00,000 |
Average Salary | INR 2 -6 LPA |
Top Job Profiles | Advocate, Legal consultant Lawyer Judge Magistrate Assistant Professor Immigration Consultant Corporate Legal Human Rights Lawyer RTI Activists |
Top Recruiting Companies & Sectors | ICICI Bank, LexisNexis, Archer Daniels Midland Company, Media and Publishing houses, Real estate, Insurance Companies, International Organizations like NGOs,UNICEF etc |
LLM in Taxation Law: Eligibility Criteria
- To be eligible for the application in a program, a candidate must fulfill certain specific criteria set by various institutes.
- The students must have a bachelor’s degree in Law or any equivalent degree from the government recognized institute or university with a minimum aggregate of 55%.
- The candidates belonging to ST/SC/OBC/differently abled quota have a liberty of 5-10% for eligibility. Also, there is no age barrier and the candidates can apply for the course as per the choice.
LLM in Taxation Law: Admission Process
- The admission process is mainly governed by the results obtained in state and national level entrance exams such as CLAT,BHU, LSAT, IPU CET, TS PGCLET followed by personal interviews for confirmation of admission.
- The step where a student appears for aptitude tests, personal interviews plays a major role in the admission process too.
- Some of the institutions grant admission based on the marks scored during bachelor’s degree. The students should check for specific requirements set by various institutes before securing confirmation of college.
LLM in Taxation Law: Entrance Exams
Candidates who wish to pursue LLM courses should take the common Law Admission test (CLAT) or the alternate exam set by the law universities. Below is the list of entrance exam details.
Law Entrance Exams | Registration Date | Exam Date |
---|---|---|
CLAT | August 08 – November 13, 2022 | December 18, 2022 |
AILET | September 07, 2022 onwards | December 11, 2022 |
CUSAT CAT | To be Announced | To be Announced |
LSAT | November 10, 2022 - January 11, 2023 | January 22, 2023 (January Session) Jun 8, 2023 to Jun 11, 2023(June Session) |
TS LAWCET | April 2023 – June 2023 | July 2023 |
AP LAWCET | 3rd week of March 2023 - 4th week of April 2023 | 4th week of May 2023 |
ILSAT | To be Announced | To be Announced |
MHT CET | March 2023 | PCM- May 9, 10, 11, 12, 13, 2023 PCB- May 15, 16, 17, 18, 19, 20, 2023 |
SET SLAT | December 15, 2022 - April 12, 2023 | May 6, 2023 (Test 1 - 9 AM to 10 AM) May 14, 2023 (Test 2 - 9 AM to 10 AM) |
DU LLB Entrance Exam | March 2023.- 3rd week of June 2023. | 1st week of July 2023 |
PU LLB | To be Announced | To be Announced |
LLM in Taxation Law: How to prepare for the Entrance Exams
- Getting proper references and study material:-
The students must be very cautious while selecting the source of reading. It is very important to be aware of the syllabus and which books cover it all. To be able to crack the entrance exam, students need not have to work hard by covering the ocean of syllabus rather in the competitive era, students must smartly choose the references that will help them pass the exams with flying colours.
- Time Management:-
The core to success is management of what is available. With a properly structured schedule, students will be able to cover the course smoothly. Only by following the timetable, it is possible to complete the required syllabus with no necessity of leaving the important or not so important topics during the end time.
- Grip in Mock test:-
Mocks tests are the actual trial of how the exam is going to be. It is highly recommended to inculcate a habit of taking as many mock tests as possible, because this practice can boast the confidence on a high scale, frame your ability to choose answers properly and train you to complete the exam on time.
- Revision is the lifeboat:-
No matter how much the students read, without quality revision, all the sweat and blood applied goes in vain. It is extremely important to reread the topics time and again, only then the wholesome information will be retained in the brain. Always be determined to study and have circuit revision of the subjects covered. So, to have a habit of revision is mandatory.
- Stay Confident and optimistic
The only factor that will decide whether the student is going to get a rank or not is with what mindset he/she sits in the exam. So, always be confident , stay hydrated and believe in yourself and your hard work.
LLM in Taxation Law: How to get Admission to a Good College?
To secure admission in any of the good colleges, the students must obtain marks above 80-85% in the national and state level entrance exams.
Other important points to focus up on are:-
- The students must know the course, frequently asked questions, concept based and theory based questions, the difficulty level and how many questions to attempt to secure a high position in the exam.
- Know your strengths and weaknesses, have ample no. of revisions to have a command over your subjects.
- The students should not miss out on any of the important deadlines and dates such as application dates, registration dates, examination dates and results.
- Students must also be familiar with the current trends asked in the exams by keeping themselves updated with newer edition books , articles published online etc.
Before taking admission in any of the college, it is advisable to check the ratings, its faculties, mode of teaching, course delivery, on campus placement opportunities, scholarships or any financial aid provided by the college.
LLM in Taxation Law: Syllabus
Below is the semester wise division of subjects covered during the 2 year program
Semester I | Semester II |
---|---|
Constitutional Law 1 | Constitutional law 2 |
Legal Theory 1 | Legal theory 2 |
Research Methodology | Law and Social Change |
Specialization: - Labour Law (Selective)
Semester III | Semester IV |
---|---|
Law related to Industrial Relation | Law related to Industrial Injuries and Social Security |
Law related to labour Welfare | Law related to Service Regulation |
Specialization; - Human Rights (Selective)
Semester III | Semester IV |
---|---|
Human Rights | International Refugee law and Humanitarian Law |
Human Rights and Indian Legal System | Science technology and Human Rights |
LLM in Taxation Law: Important Books
For Legal Theory
Books | Author |
---|---|
Introduction to Jurisprudence | Lloyd |
Law in Making | C.K. Allen |
For Constitutional law
Books | Author |
---|---|
Indian constitutional law | P. Ishwara bhatt |
Constitutional Assembly Debates | D D Basu |
Fundamental Rights and Directive Principles | J.V.R. Krishna Iyer |
For Law and Social Change
Books | Author |
---|---|
Law and Social change | Kuppuswamy |
The Crisis of Indian Legal System | Upendra Baxi |
Law and Society in Modern India | Marc Galenter |
LLM in Taxation Law: Top Colleges
Below are the details mentioned about the top colleges offering the law course in India
College Name | Average Fees |
---|---|
National Law University, Delhi | INR 1,40,000 LPA |
NALSAR University | INR 1,75,000- 4,00,000 LPA |
The West Bengal National University of Juridical Sciences | INR 1.30,00,000 LPA |
Symbiosis Law School | INR 1.5,00,000 LPA |
Faculty of Jamia Millia Islamia University | INR 1,30,000- 1,80,000 LPA |
National Law University, Odisha | INR 1.4,00,000 LPA |
NLSIU Bangalore | INR 65,000 |
LLM in Taxation Law: College Comparison
Symbiosis Law School Vs NALSAR University
Parameters | Symbiosis Law School | NALSAR University |
---|---|---|
Location | Pune, Maharashtra | Hyderabad, Telangana |
Ownership | Deemed to be University | Deemed to be University |
College Overview | The Symbiosis School of law was established in 1977. It has campuses in Vimannagar, Pune and Noida. The university provides the platform for students to gain expertise in law. Also encourages the students in research and publication. | NALSAR University is a national law university, established in 1998. 50 students are admitted through CLAT . Apart from being one of the top rank holding universities, it has a huge law library hub, publishes articles on a regular basis and quality research centers. |
Admission Process | Merit Based/ Entrance Exam | Merit Based/ Entrance Exam |
Average Salary Offered | INR 5.5,00,000 LPA | INR 8,00,000 LPA |
Average Fees Structure | INR 1.5,00,000 LPA | INR 1,75,000 – 4,00,000 LPA |
LLM in Taxation Law: Course Comparison
Since the field of law is closely related to the field of political science, below given is a detailed comparison between the two courses for the students to choose.
Masters in Law Vs Master of Education in Political Science
Parameter | Masters in Law | Master of Education in Political Science |
---|---|---|
Domain | Law | Political Science |
Overview | Masters in Law is a specialization course in the field of law, where the students are imparted in-depth expertise in any particular sector of law with thorough research and thesis based studies. | Political science is a versatile field concerned with scientific understanding of the theories and practice of politics , it’s ideologies and behavior. |
Eligibility | The students must have a bachelor’s degree in Law or any equivalent degree from the government recognized institute or university with a minimum aggregate of 55%. | The candidates must have completed graduation level course with a minimum of 50% |
Duration | 2 years | 2 years |
Average Salary Offered | INR 5 LPA- INR 10 LPA | INR 5 LPA - INR 7 LPA |
LLM in Taxation Law: Job Prospects and Career Options
Candidates after earning a masters degree in law invite better and superior packages job offers as compared to the ones with bachelor’s degrees.
LLM in Taxation Law: Job Profiles
Below given is the glimpse of the various job profiles for the candidates with masters degree in law
Job Profiles | Description | Average Salary Packages |
---|---|---|
Lawyers | The lawyer plays a crucial role in advising and presenting clients in courts, communicating with clients and the opponent parties, research and analytical study of the case involved in legal problems, personal problems or problems related to business etc. | INR 7,00,000 LPA |
Legal Consultants | Legal Consultants are the experts of drafting legal documents, proposing solutions to the issues etc. A top notch legal consultant should have high command over communication, deadline meeting management skills and thorough with laws. | INR 6,70,000 LPA |
Legal Advisors | The job profile and work distribution is the same as Legal Consultants. | INR 20,00,000 LPA |
Legal Writers/ Solicitors | Legal Content Writers and editors frame study materials that are added in law school textbooks. | INR 5,88,906 LPA |
LLM in Taxation Law: Future Scopes
Candidates with a masters degree in law state that they are equipped in one of the many legal sub branches. Pursuing a masters degree opens ample gateways in public and private sectors, providing excellent job opportunities.
The degree holds promising career avenues in legal sector because candidates with shear skills and astute knowledge are highly demanded in fields such as:-
- Consultancies
- Corporates
- Courthouses
- Finance
- Law firms
- Real Estate
LLM in Taxation Law: FAQs
Ques. What is the duration of the course?
Ques. Can one become a lawyer at the age of 35?
Ques. What is the point of LLM?
Ques. What is the salary of LLM?
Ques. Which law course is the best?
- Criminal Law
- Business Law
- Corporate law and Management
- Cyber Law
- Criminology
- Human rights
Ques. Which lawyers earn the most in India?
- Trial Lawyer
- Intellectual lawyer
- Tax Lawyer
- Judges
- Law School Professors
- Law Firm Associate
Ques. What is the eligibility criteria to get admission in LLM?
The students must have a bachelor’s degree in Law or any equivalent degree from the government recognized institute or university with a minimum aggregate of 55%.
The candidates belonging to ST/SC/OBC/differently abled quota have a liberty of 5-10% for eligibility. Also, there is no age barrier and the candidates can apply for the course as per the choice.
Ques. What is the admission process to get in LLM?
The step where a student appears for aptitude tests, personal interviews plays a major role in the admission process too.
Some of the institutions grant admission based on the marks scored during bachelor’s degree. The students should check for specific requirements set by various institutes before securing confirmation of college.
Ques. What are the names of the companies where one can apply after completion of the degree?
- Luthra & Luthra,
- Platinum Partners,
- S&R Associates etc.
- ICICI Bank,
- LexisNexis,
- Archer Daniels Midland Company,
- Media and Publishing houses,
- Real estate,
- Insurance Companies,
- International Organizations like NGOs,UNICEF etc
Ques. what is the fullform of LLM?
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