Payroll Executive

Hiring for Payroll Executive

Years of Experience : 5 to 6 Years

Location : Mumbai-Kurla

Role & responsibilities

. Payroll Processing

• Manage monthly salary processing including inputs, validation, and disbursement.
• Ensure accurate calculation of earnings, deductions, arrears, bonuses, and full & final settlements.
• Coordinate with HR and Finance for timely input closures and approvals.

2. Taxation & TDS Returns

• Calculate and deduct monthly TDS on salaries as per Income Tax regulations.
• Prepare and file quarterly TDS returns (Form 24Q).
• Issue Form 16 to employees within the prescribed timelines.

3. Compliance Management

• Ensure adherence to all statutory requirements including PF, ESIC, PT, LWF, and other applicable labor laws.
• Liaise with external consultants/auditors for statutory audits and inspections.
• Maintain updated records for all statutory filings and challans.

4. Insurance Administration

• Handle end-to-end employee insurance lifecycle addition, deletion, claims coordination, and policy renewal.
• Coordinate with insurance providers for premium quotations, negotiation, and onboarding.

5. Provisions & Reconciliation

• Prepare monthly payroll-related provisions (gratuity, leave encashment, bonus, etc.).
• Reconcile payroll-related accounts with finance including salary payments, statutory deductions, and insurance premiums.
• Ensure accuracy in general ledger mapping and audits.

Interested candidates can send resumes on ramesh.samant@metrobrands.com