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Ernst & Young Tax Consultant Interview Questions and Answers

Updated 15 Nov 2024

Ernst & Young Tax Consultant Interview Experiences

4 interviews found

Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Easy just basic of accounts they ask.

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(2 Questions)

  • Q1. Basis accounting and basics of US tax
  • Q2. Basics of US tax

Tax Consultant Interview Questions Asked at Other Companies

asked in Deloitte
Q1. What is the difference between accounting and audit
asked in Deloitte
Q2. What are 5 heads of income? What is depreciation and types? What ... read more
asked in Deloitte
Q3. What do you know about tax? Cost accounting vs managerial account ... read more
Q4. How tax is calculated and details of gross distribution and cost ... read more
Q5. What are 1099 forms and types and how much work I have done on th ... read more

I applied via Recruitment Consulltant and was interviewed in Jun 2022. There was 1 interview round.

Round 1 - HR 

(1 Question)

  • Q1. Tell me about your job profile

Interview Preparation Tips

Interview preparation tips for other job seekers - Good luck!! prepare well for basic tax questions

I applied via Walk-in and was interviewed before Sep 2021. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Aptitude Test 

It is similar to the cpt test in ca course

Round 3 - Technical 

(2 Questions)

  • Q1. Questions on taxation law, budget and recent updates
  • Q2. As mentioned above the questions are on the law and mainly on the recent amendments
Round 4 - Behavioral 

(2 Questions)

  • Q1. General to check command over english, confidence and a few technical questions
  • Q2. The Partner round is generally to understand your calibre for the corporate world

Interview Preparation Tips

Topics to prepare for Ernst & Young Tax Consultant interview:
  • Taxation
Interview preparation tips for other job seekers - Be confident a no is acceptable but a lie is not

Ernst & Young interview questions for designations

 Senior Tax Consultant

 (1)

 Indirect Tax Consultant

 (1)

 Tax Analyst

 (37)

 Tax Senior

 (1)

 Tax Assistant

 (1)

 Advanced Tax Analyst

 (6)

 Senior Tax Analyst

 (3)

 Indirect Tax Analyst

 (1)

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
4-6 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Aug 2024. There were 3 interview rounds.

Round 1 - Aptitude Test 

I had applied for the Canada Tax Consultant Role and the first round was the Versant and Aptitude test. First, HR called me for a basic discussion and informed me about the test rounds. The Versant round tested my English speaking, listening, and reading skills. After the Versant round, I took the aptitude test which had three sections - Logical reasoning, Accounting (including journal entries and B.Com related questions), and Excel-related questions.

Round 2 - HR 

(4 Questions)

  • Q1. Tell me about yourself, and your family
  • Ans. 

    I am a tax consultant with a passion for helping clients navigate complex tax laws. My family is supportive and close-knit.

    • I have been working as a tax consultant for the past 5 years

    • I specialize in corporate tax planning and compliance

    • My family consists of my parents, my spouse, and two children

    • We enjoy spending quality time together on weekends

  • Answered by AI
  • Q2. Asked about my job roles in my previous company
  • Q3. How did you cope with the previous tax season, and how many hours did you work last tax season?
  • Ans. 

    I coped with the previous tax season by managing my time effectively and working long hours when necessary.

    • I prioritized tasks and created a schedule to ensure all deadlines were met

    • I communicated effectively with clients to gather necessary information in a timely manner

    • I worked an average of 60 hours per week during the tax season

    • I made sure to take breaks and practice self-care to avoid burnout

  • Answered by AI
  • Q4. Why are you leaving your current company
  • Ans. 

    Seeking new opportunities for professional growth and development.

    • Looking for new challenges and opportunities to expand my skills

    • Interested in exploring different areas of tax consulting

    • Seeking a company with better career advancement opportunities

  • Answered by AI
Round 3 - One-on-one 

(3 Questions)

  • Q1. Tell me about yourself and your family and also about your friends.
  • Ans. 

    I am a tax consultant with a loving family and a close-knit group of friends.

    • I am a tax consultant by profession

    • I have a supportive and loving family

    • I have a close group of friends who I enjoy spending time with

  • Answered by AI
  • Q2. Have you done any extracurricular activities during your college
  • Ans. 

    Yes, I was actively involved in the finance club and volunteered for tax preparation workshops.

    • Participated in finance club activities

    • Volunteered for tax preparation workshops

    • Organized fundraising events for charity

    • Attended seminars on tax laws and regulations

  • Answered by AI
  • Q3. What is your Hobby?
  • Ans. 

    My hobby is photography. I love capturing moments and exploring different perspectives through my camera lens.

    • I enjoy experimenting with different lighting techniques

    • I like to explore new locations and find unique angles for my shots

    • I often participate in photography contests and exhibitions

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - If you are applying for a tax role at Deloitte, be sure to prepare for the versant round. You can find resources on YouTube and Google by searching for "versant round prep materials". For the logical reasoning part, review the basic and fundamental rules in your accounts book. YouTube channels and websites can be helpful for fast preparation. As for the Excel round, pay extra attention as it can be challenging. Review formulas, functions, and shortcuts relevant to your role. There are plenty of helpful resources on YouTube to assist with your preparation.
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Assignment 

Online asesment that measures the numerically and logical abilities

Round 2 - Case Study 

Case study about tax that focus ok implementing the vat in GCC countries

Round 3 - Technical 

(2 Questions)

  • Q1. Introduc yourself
  • Q2. What do you know about the Egyptian tax system
  • Ans. 

    The Egyptian tax system consists of various taxes including income tax, value-added tax, and corporate tax.

    • Egypt has a progressive income tax system with rates ranging from 0% to 22.5%

    • Value-added tax (VAT) is levied at a standard rate of 14%

    • Corporate tax rate is 22.5% for most companies

    • There are also other taxes such as property tax, stamp duty, and customs duties

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - What is the difference between ERP and E invocing
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Campus Placement and was interviewed in Dec 2023. There were 3 interview rounds.

Round 1 - Aptitude Test 

Questions releated to reasoning

Round 2 - Group Discussion 

Cash vs UPI time:-15 min members:-10,

Round 3 - One-on-one 

(3 Questions)

  • Q1. Tell me about yourself
  • Q2. What is financial statement
  • Ans. 

    A financial statement is a document that provides an overview of a company's financial performance and position.

    • Financial statements include the balance sheet, income statement, and cash flow statement.

    • They are prepared by companies to communicate their financial information to stakeholders.

    • Financial statements help in assessing the profitability, liquidity, and solvency of a company.

    • They are used by investors, credito...

  • Answered by AI
  • Q3. What is GAAP? and how its help us as a tax consultant
  • Ans. 

    GAAP stands for Generally Accepted Accounting Principles. It is a set of standard accounting rules and guidelines.

    • GAAP provides a framework for preparing financial statements and ensures consistency and comparability in financial reporting.

    • As a tax consultant, understanding GAAP helps in accurately interpreting financial statements and identifying taxable income.

    • GAAP also helps in determining the appropriate tax treatm...

  • Answered by AI
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Referral and was interviewed before Oct 2023. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. What is Withholding tax?
  • Ans. 

    Withholding tax is a tax deducted at source by the payer of income, typically on interest, dividends, or wages.

    • Withholding tax is deducted by the payer of income before it is paid to the recipient.

    • It is commonly applied to interest, dividends, royalties, and wages.

    • The withheld tax is then paid directly to the government on behalf of the recipient.

    • The recipient may still need to report the income and withholding tax on ...

  • Answered by AI
  • Q2. How do you do income allocation in 704c method?
  • Ans. 

    Income allocation in 704c method involves assigning income or deductions to partners based on their share of partnership profits.

    • Income allocation in 704c method is used to allocate income or deductions to partners in a partnership based on their share of partnership profits.

    • This method is typically used when there is a substantial disparity between the book value and tax basis of partnership assets.

    • The allocation is m...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Campus Placement and was interviewed in Jul 2024. There were 3 interview rounds.

Round 1 - HR 

(2 Questions)

  • Q1. About yourself and your resume
  • Q2. Why deloitte Where do you see yourself in 5 years
  • Ans. 

    I chose Deloitte for its reputation for excellence in tax consulting. In 5 years, I see myself as a senior tax consultant leading a team.

    • Deloitte's reputation for excellence in tax consulting

    • Opportunities for growth and development at Deloitte

    • Desire to become a senior tax consultant and lead a team

    • Commitment to continuous learning and professional development

    • Building strong client relationships and delivering high-qual

  • Answered by AI
Round 2 - Technical 

(2 Questions)

  • Q1. Journal enteries based questions
  • Q2. Behavioural questions
Round 3 - Technical 

(2 Questions)

  • Q1. Journal entery based questions
  • Q2. Behavioural based questions
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Feb 2024. There was 1 interview round.

Round 1 - Technical 

(5 Questions)

  • Q1. Section 35DA deduction
  • Q2. Section 80JJAA deduction
  • Ans. 

    Section 80JJAA deduction allows deduction for new employment generation in specified industries.

    • Section 80JJAA of the Income Tax Act allows a deduction to employers for new employment generation in specified industries.

    • The deduction is available for 30% of additional employee cost for 3 consecutive assessment years.

    • The deduction is available to Indian companies engaged in manufacture or production of goods in specified...

  • Answered by AI
  • Q3. Section80Cdediction
  • Q4. Riound tripping ofshares
  • Q5. Go goa gone less

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare as per book

Ernst & Young Interview FAQs

How many rounds are there in Ernst & Young Tax Consultant interview?
Ernst & Young interview process usually has 2 rounds. The most common rounds in the Ernst & Young interview process are Technical, Resume Shortlist and Aptitude Test.
How to prepare for Ernst & Young Tax Consultant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Ernst & Young. The most common topics and skills that interviewers at Ernst & Young expect are Taxation, International Taxation, Corporate Taxation, Quality Assurance and Analytical Chemistry.
What are the top questions asked in Ernst & Young Tax Consultant interview?

Some of the top questions asked at the Ernst & Young Tax Consultant interview -

  1. As mentioned above the questions are on the law and mainly on the recent amendm...read more
  2. General to check command over english, confidence and a few technical questi...read more
  3. The Partner round is generally to understand your calibre for the corporate wor...read more

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