What is the salary of a Commercial Taxation Intern at Indian Tobacco Company?

The average annual salary for a Tax Intern in India with less than 1 year to 2 years of experience ranges from ₹0.3 Lakhs to ₹4.0 Lakhs.

Commercial Taxation Intern at Indian Tobacco Company (ITC), you might be wondering about the additional perks and benefits beyond your salary. While specific details for ITC's internship program aren't available, here are some common benefits that interns may receive:

1. Housing Assistance:
   • Some companies offer housing assistance or accommodation options for interns who relocate for their internships. This might include subsidized housing or assistance in finding suitable accommodations.
2. Transportation Allowances:
   • Many companies provide transportation allowances to help cover commuting expenses. This could involve reimbursement for public transportation fares or a stipend for using your own vehicle.
3. Wellness Programs:
   • Wellness programs focus on promoting the physical and mental well-being of employees and interns. This could include access to gym memberships, health check-ups, counseling services, and stress management workshops.
4. Learning and Development Opportunities:
   • Interns often have access to training sessions, workshops, and mentorship programs aimed at enhancing their skills and knowledge. Given ITC's size and scope, they likely invest in employee development initiatives.
5. Networking Opportunities:
   • Interns can benefit from networking events, interactions with senior professionals, and exposure to different departments within the company.

Commercial Taxation Intern, your role revolves around supporting the tax department in managing and preparing tax-related documents. While specific duties can vary based on the organization and the complexity of taxes, here are some common tasks associated with this position:

1. Assisting with Tax Returns:
   • Prepare and file individual and corporate tax returns, ensuring compliance with local, state, and federal tax laws.
   • Gather and organize financial documents and receipts needed for tax preparation.
2. Basic Tax Research:
   • Conduct basic tax research to support tax return positions and aid in tax planning projects.
   • Input data into tax software and generate preliminary tax return forms for review by senior tax professionals.
3. Reconciliation and Accuracy:
   • Reconcile tax-related accounts, identifying discrepancies and proposing adjustments to ensure accurate tax reporting.
   • Attend client meetings to gather information and explain basic tax concepts or return details under supervision.
4. Handling Notices and Audits:
   • Assist in responding to notices from tax authorities and compile documentation for audits.
   • Support the tax team in ad-hoc projects related to tax implications of business transactions or changes in tax laws.
5. Vendor Management:
   • Manage the relationship between the company and tax vendors to ensure proper handling of all tax obligations.
   • Ensure timely resolution of agency notices.
6. Subject Matter Expertise:
   • Act as a subject matter expert on all payroll tax-related matters.
   • Support the payroll manager and relevant units with research and tax-related projects.