Payroll Tax Specialist

Required technical and professional expertise

• Strong Knowledge of various retirals benefits, including Gratuity, Superannuation, Provident Fund (PF), and Pension (including the Employee Pension Scheme, or EPS).
• Knowledge of relevant labor laws and regulations in India, such as the Employees Provident Funds Act and the Payment of Gratuity Act, along with various pension schemes.
• Familiarity with Income Tax rules applicable to retiral benefits.
• Strong verbal and written communication skills, as well as interpersonal skills, to effectively interact with employees, address their queries, and explain complex information in a clear manner.
• Empathy and patience to handle sensitive situations and provide support to employees during their transition.
• Strong skills in Microsoft Excel for data management, calculations, and reporting.
• Basic knowledge of MS word for documentation and PowerPoint for presentations, when required.
• Excellent organizational skills to manage documentation, track processes, and ensure timely completion of tasks.
• Strong time management and prioritization skills to effectively handle multiple cases and deadlines.
• Proficiency in record-keeping and maintaining accurate employee data.
• Thorough knowledge of the Income Tax Act, relevant sections, rules, and notifications applicable to salary and perquisites.
• Understanding of tax exemptions and deductions available to employees
• Familiarity with state-specific professional tax regulations.
• Solid understanding of the end-to-end payroll cycle. Knowledge of different components of salary structure.
• Up-to-date knowledge of changes in income tax laws and payroll regulations.
• Understanding of filing deadlines and procedures for various tax-related forms.
• Ability to analyze complex payroll and tax-related issues.
• Skill in identifying discrepancies and errors in tax calculations and claim submissions.
• Ability to manage workload effectively and meet deadlines, especially during peak periods like tax declaration and proof submission

Preferred technical and professional experience

• Hands-on experience with relevant payroll processing software and systems (e.g., SAP Payroll, SF).
• Ability to navigate the system, extract data, generate reports, and perform necessary configurations related to tax
• Experience with payroll systems for processing retirement benefits.
• Proficiency in navigating and utilizing online portals of regulatory bodies, such as the EPFO, for tasks including online claims processing and return filing.
• Knowledge of digital signatures and online authentication process.
• Skill in identifying and resolving issues related to retiral benefits process.