Assistant Manager- Payroll

This position will manage India Payroll which includes Statutory compliance, Income Tax Management, F&F Settlements, Payroll Audit.

Payroll Management:

• Monitor and observe overall payroll process and ensure timely and accurate salary credit.
• Effective Payroll Input management and its use for Payroll process to process Zero Error payroll.
• Validate and consider reimbursement claim for India payroll.
• Validation of salary register before final payroll process and post to FICO module.
• Bank Account reconciliation and recording of fallout payment.
• Preparation of timely Payroll MIS on a monthly Basis.

Employee F&F Settlement:

• Responsible for F&F Settlement and providing forecast for F&F settlement before exits.
• Track F&F settlement status and intimation to BU's for timely closures of F&F settlements.
• Preparation of F&F Settlement MIS and intimation to Bu's and HRSS team for F&F dues recovery.

Statutory Compliance

• Ensure correct mapping of statutory deduction in the system and deduct accurately through salary.
• Ensure payments of statutory dues to be on time to Govt. Authority
• Monitor NPS enrolment, salary revision and its deposit on monthly basis.

Income Tax Management

• Pan card validation and updates on the system
• Validate Income tax declaration and updates in the system.
• Validate Income tax deduction through salary and deposits within due date.
• Annual Income Tax proof validation and consider for Final Tax deduction.
• Quarterly and annual Income tax return filing on Income Tax portal
• Handle Income Tax related queries
• Reply to Notice of income tax dept.

Manage Payroll Audit

• Conduct sample payroll Audit on Monthly Basis to ensure that all payroll process has been followed strictly and accurately.
• Reconciliation of all Statutory payments and clearing of all Payroll related GL accounts on monthly basis
• Reconciliation of salary payable GL and clearing of salary payable GL account on Monthly Basis
• Support Payroll and HR Audit by providing required details and documents on quarterly and annual basis.
• Coordinate with All Stakeholder for Audit responses.
• Answer Payroll & HR Audit queries and prepare response to Audit report.

Other Payroll Activities

• Prepare Managerial remuneration and KPI reports under Sect 197
• Collect, Reconcile, and provide Leave Balance to Audit team on quarterly basis for Actuarial valuation.
• Superannuation & Gratuity Trust Management