EY Global Delivery Services ( EY GDS) Tax Analyst Interview Questions and Answers

Q1. What is Taxation, type of tax, Us taxation vs Indian taxation, us tax forms, Accounting principles,
Ans. 
Taxation is the process of levying financial charges on individuals and entities by governments to fund public services.
• Types of Tax: Common types include income tax, sales tax, property tax, and corporate tax. For example, income tax is based on earnings.

• US Taxation: The US has a progressive tax system where tax rates increase with income levels, with federal, state, and local taxes.

• Indian Taxation: India also employs...read more
Answered by AI
Add your answer
Q2. What is Accrual concept examples
Add your answer
Q3. Where do you want to see yourself in next 5 years
Add your answer
Q4. What is your skills explian this
Add your answer
Q5. What is balance sheet ? Give exmaole for assets and liabilities
Ans. 
A balance sheet is a financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.
• Assets: Resources owned by the company, such as cash, inventory, and property. Example: Cash ($50,000), Equipment ($100,000).

• Liabilities: Obligations or debts owed by the company, such as loans and accounts payable. Example: Bank Loan ($30,000), Accounts Payable ($20,000).

• Equity: The residual...read more
Answered by AI
Add your answer

It was easy basic account and reasoning questions

Q1. Basic Accounts questions and self introduction
Add your answer

Q1. Interview with the senior manager, About 10 question from tax moderate level and 5 - 6 questions from Financial Account very basic. Few excel question and practical performance.
Add your answer

Q1. Asked everything that was on the resume
Add your answer
Q2. Why did I want to join the company
Add your answer

Logical, verbal and Finance/ Accounts

Q1. T accounts, Deferred tax asset and liability, financial statements, contents of financial statements, OECD
Add your answer
Q2. Corporate tax, international tax, any tax rates
Add your answer

Q1. Why US Tax?
Ans. 
US Tax is a complex system that impacts individuals and businesses, shaping economic behavior and funding government services.
• Understanding US tax laws is crucial for compliance and avoiding penalties.

• Tax policy influences economic decisions, such as investment and spending.

• The US tax system is progressive, meaning higher earners pay a larger percentage.

• Tax incentives, like credits for education or renewable energy, en...read more
Answered by AI
Add your answer
Q2. Why are you looking for EY?
Add your answer

Q1. What is your understanding of the Indian tax system?
Ans. 
The Indian tax system is a structured framework of direct and indirect taxes levied by the government to generate revenue.
• The Indian tax system is divided into two main categories: Direct Taxes and Indirect Taxes.

• Direct Taxes include Income Tax, Corporate Tax, and Wealth Tax, which are levied directly on individuals and corporations.

• Indirect Taxes include Goods and Services Tax (GST), Customs Duty, and Excise Duty, whi...read more
Answered by AI
Add your answer
Q2. What are the key aspects of the tax system in the United States?
Ans. 
The U.S. tax system is complex, involving federal, state, and local taxes with various types and rates.
• Progressive Taxation: Higher income earners pay a higher percentage, e.g., federal income tax rates range from 10% to 37%.

• Types of Taxes: Includes income tax, corporate tax, capital gains tax, and payroll taxes.

• State and Local Taxes: States impose their own income taxes, sales taxes, and property taxes, varying widely...read more
Answered by AI
Add your answer