Key Responsibilities: Payroll Management: Manage payroll calculations for various components, including but not limited to basic pay, allowances, bonuses, incentives, overtime, and deductions (e.g., PF, ESI, tax deductions). Ensure compliance with Indian tax laws (TDS) and statutory deductions (PF, ESI, Gratuity, etc.). Work with the finance department to ensure smooth reconciliation of payroll accounts. Regularly audit payroll to maintain accuracy and troubleshoot any discrepancies. Provide payroll reports and data analysis to senior leadership as required. Compliance and Statutory Adherence: Ensure full compliance with labor laws, taxation regulations, and company policies, particularly in payroll, benefits, and statutory contributions. Keep up-to-date with changes in Indian labor laws, tax laws (such as amendments to the Income Tax Act and GST regulations), and statutory regulations (e.g., PF, ESI, Gratuity). Act as the point of contact for any statutory audits, ensuring accurate and timely submission of required documents to regulatory authorities. Facilitate the preparation and filing of necessary tax-related documents (e.g., TDS returns, Form 16). Employee Query Resolution: Serve as the first point of contact for employee queries related to payroll, benefits, and HR Compliance. Address and resolve payroll discrepancies, tax issues, and any other HR-related inquiries in a timely manner. Provide support for resolving employee concerns about payroll components, deductions, or related matters. HR Data Management and Reporting: Maintain accurate and up-to-date records of all HR and payroll-related data. Process Improvement and Automation: Continuously evaluate and improve HR operational processes and workflows to enhance efficiency and reduce manual errors. Collaborate with the HR systems team to implement and optimize automation in payroll processing and other HR operations. Introduce best practices in payroll management and HR operations that align with industry standards and company needs.
