Payroll Accountant

Job Description

Comprehensive Payroll Management: Company: Breedington Bioindustrial Private Limited Location: Gurgaon, Haryana (Hybrid/Remote options available within India) Headquarters: Durgapur, West Bengal The Opportunity: We're seeking a highly meticulous and experienced Payroll Accountant to join our growing finance team. Based in Gurgaon (with flexible hybrid/remote options available across India), this pivotal role is vital for ensuring the accurate and compliant compensation of our diverse workforce. This includes our permanent employees, short-term project staff, and the Indian contractors/vendors/freelancers of our international clients . If you thrive on precision, possess deep knowledge of Indian payroll regulations, are adept at navigating both domestic and international payment intricacies, and understand the pulse of BPO/KPO/GCC environments, this is your chance to make a significant impact in a rapidly expanding, globally-focused organization. Key Responsibilities: Execute the entire monthly payroll cycle for Breedington Bioindustrial's permanent and short-term employees , ensuring accurate calculation of salaries, allowances, variable pay, and all statutory deductions. Process and manage payments for external contractors, vendors, and freelancers engaged directly by Breedington Bioindustrial for various projects. Client Contractor Payments (Fund Passthrough): Accounting for disbursement of payments from our foreign clients to their Indian-based contractors/agents . Accurately process and disburse funds based on client mandates, ensuring precise amounts reach the intended payees. Indian Statutory Compliance Expertise (Mandatory): Calculate, deduct, and remit all mandatory Indian statutory contributions, including Provident Fund (PF - EPF & EPS), Employees' State Insurance (ESI), Tax Deducted at Source (TDS) on both salaries (Sec 192) and various contractor/professional payments (Sec 194C, 194J etc.), and Professional Tax (PT) as per state regulations. Ensure timely and accurate filing of all associated returns (e.g., PF ECR, ESI returns, Form 24Q, PT returns). Maintain robust compliance with the Payment of Wages Act, Minimum Wages Act, Payment of Bonus Act, Payment of Gratuity Act, and relevant Shops & Establishments Acts. TDS Management (Domestic & International Flows): Precisely calculate and deduct TDS from payments made to all Indian payees , whether our employees, contractors/freelancers, or the contractors of our foreign clients. Handle TDS for non-residents (Section 195) , particularly for any services Breedington Bioindustrial might receive from foreign entities, if applicable. Ensure timely remittance of TDS and accurate issuance of Form 16/16A. Foreign Exchange & Financial Benefits (Service Exports): Understand and accurately account for foreign exchange inflows from international clients and their conversion for Indian disbursements. Assist in identifying and leveraging financial and tax benefits pertinent to companies actively involved in exporting services . Reconciliation & Reporting: Perform meticulous reconciliation of all payroll accounts, bank statements, and statutory ledgers. Generate and distribute payslips, and prepare comprehensive internal and external payroll reports (e.g., payroll registers, cost center analysis, audit reports). Process Improvement & Software Proficiency: Actively contribute to optimizing payroll processes for efficiency and accuracy. Utilize and leverage Zoho Books extensively for all accounting entries related to payroll, income, and pass-through funds. Stay rigorously updated with the latest changes in Indian employment laws, tax regulations, and relevant international payment norms. What We're Looking For (Skills & Qualifications): Educational Background: Bachelor's degree in Commerce, Accounting, Finance, or a related discipline. Experience: Five to ten years of hands-on, end-to-end payroll processing experience in India , with a strong preference for candidates from service-oriented industries (IT, Digital Marketing, Consulting, Legal Services) or BPO/KPO/ITES/GCC environments with international exposure. Indian Statutory Compliance: Demonstrable expert knowledge of all Indian payroll-related statutory acts (PF, ESI, TDS, PT, Gratuity, Bonus, etc.). TDS Acumen: Proven experience in calculating, deducting, and remitting TDS under various sections (192, 194C, 194J, etc.) for a mix of employees and contractors/freelancers. Experience with Section 195 (TDS for Non-Residents) is a significant plus. Software Proficiency: Mandatory: Strong operational experience with Zoho Books for accounting and payroll-related entries. Proficiency in at least one dedicated Indian payroll software (e.g., GreytHR, Keka, Zoho Payroll). Advanced Excel skills (VLOOKUP, SUMIFS, Pivot Tables). Forex Understanding: Basic understanding of foreign exchange conversions and their impact on remittances. Attention to Detail & Accuracy: Exceptional precision in calculations and record-keeping, especially across complex international payment flows. Problem-Solving: Strong analytical and problem-solving abilities to identify and resolve complex payroll and compliance issues. Communication: Excellent verbal and written communication skills for interacting effectively with employees, management, and international stakeholders. Proactive & Adaptable: Ability to manage multiple priorities, meet strict deadlines, and adapt quickly to regulatory changes and dynamic project requirements. Confidentiality: Highest level of integrity and discretion in handling sensitive financial and personal data. Job Types: Full-time, Part-time, Contractual / Temporary, Freelance Contract length: 11 months Pay: ₹65,000.00 per month Expected hours: 20 – 30 per week Benefits: Flexible schedule Schedule: Day shift Monday to Friday Application Question(s): mention your whatsapp number Mention your email id What was the language of instruction at your school ( class 1 to 10)? What were your duties when you worked in Payroll accounting process? How many years was that duration? Can you quantify your workload then? Work Location: Remote