Job
Description
The role requires expertise in TDS, tax calculations, labor laws, and payroll regulations to ensure smooth payroll execution and adherence to compliance requirements. Responsibilities: Payroll Management Accurately process monthly payroll in compliance with company policies and statutory guidelines. Validate salary structures, deductions, incentives, reimbursements, and ensure accurate disbursement. Address and resolve payroll-related queries, including those related to salary, deductions, and taxation. Coordinate with finance and HR for payroll cost analysis and budgeting. Taxation & TDS Compliance Calculate TDS on salaries as per Income Tax provisions and ensure timely deposits. Prepare and file TDS returns (Form 24Q, Form 16, Form 16A) quarterly and annually. Stay abreast of changes in tax laws, exemptions (HRA, LTA, 80C), and ensure smooth investment declaration processes. Provide guidance to employees on income tax planning and declaration submissions. Statutory Compliance & Audit Ensure end-to-end compliance with applicable labor laws including PF, ESI, Gratuity, Bonus Act, Shops & Establishments Act, and Minimum Wages. Handle various internal and external audits, including labor law, statutory, and ISO audits. Maintain accurate payroll and compliance records; generate audit-ready reports for management and authorities. Address management audits including salary returns and PF factors. Employee Benefits & Compliance Administration Oversee leave management, LTA process and policies awareness, and its financial settlement. Accurately process full & final settlements, gratuity, incentives, and variable pay. Manage exceptional cases such as employee death benefits, retirement processing, and post-retirement consultancy extensions. Handle ESIC returns and all associated types, including Form 7A for PT, ESIC, and LWF assessments. Compliance Leadership Determine whether compliance activities are executed internally or through external consultants. Act as a proactive compliance integrator rather than a passive coordinator, ensuring alignment with organizational and legal standards. Manage and review the Annual Increment Process ensuring consistency and compliance with internal compensation frameworks. Requirements: Technical & Functional Skills Proficient in payroll software such as SAP, Oracle, ADP, or equivalent systems. Advanced Excel skills, including pivot tables, formulas, and payroll data analysis. In-depth knowledge of TDS, payroll taxation, labor law compliance, and statutory filings. Familiarity with ISO audit frameworks and documentation standards. Core Competencies Analytical Thinking : Ability to identify discrepancies, ensure accuracy, and mitigate compliance risks. Communication : Strong interpersonal skills to explain complex taxation and compliance matters clearly to employees and stakeholders. Problem Solving : Quick resolution of payroll disputes and statutory challenges. Ownership : Demonstrates accountability in handling audits, compliance issues, and regulatory liaison. Show more Show less
