Ernst & Young Tax Analyst Interview Questions, Process, and Tips

It was moderate. You can clear this test if you have prior preparation

Q1. I had 2 technical rounds in which I was asked regarding basic accounting and tax related questions
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Q2. What is the tax slab rate
Ans. 
Tax slab rate refers to the percentage of income tax applicable to different income slabs.
• Tax slab rates vary depending on the income level of the taxpayer.

• In India, for the financial year 2021-22, the tax slab rate for individuals earning up to Rs. 2.5 lakhs is 0%, for those earning between Rs. 2.5 lakhs to Rs. 5 lakhs is 5%, and so on.

• The highest tax slab rate in India is 30% for individuals earning more than Rs. 10 ...read more
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Q3. What are the golden rules of accounting
Ans. 
The golden rules of accounting are basic principles that guide the recording of financial transactions.
• The first golden rule is the principle of debit and credit.

• The second golden rule is the principle of consistency.

• The third golden rule is the principle of conservatism.

• The fourth golden rule is the principle of materiality.

• The fifth golden rule is the principle of relevance.

• The sixth golden rule is the principle of r...read more
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Q4. Few logical questions were asked
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Q5. Tell me about yourself and how will you lead the team
Ans. 
I am an experienced tax analyst with strong leadership skills.
• I have X years of experience in tax analysis.

• I have successfully led a team of tax analysts in my previous role.

• I am knowledgeable in tax laws and regulations, ensuring accurate and compliant tax filings.

• I am skilled in analyzing financial data and identifying tax-saving opportunities.

• I am a strong communicator and collaborator, able to effectively lead and
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Q1. About GST RETURN AND COMPLIANCE S
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My experience about GST BASED PRACTICE

Q1. Spread sheet basic shortcuts
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Q1. Usual computer procedures
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Q1. Where do you see yourself in 5 years?
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The aptitude test was fairly straightforward with a lot of simple questions and a few programming ones but should be easy to clear.

Q1. Do you have the necessary Indian tax background for this job?
Ans. 
Yes, I have the necessary Indian tax background for this job.
• I have a strong understanding of the Indian tax system and its regulations.

• I have experience in preparing and filing Indian tax returns.

• I am familiar with the various tax forms and documentation required in India.

• I have worked with Indian tax authorities and have a good understanding of their processes.

• I stay updated with the latest changes and updates in Ind...read more
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