Payroll Specialist with Compliance Expertise

3 weeks ago


Mumbai, Maharashtra, India PeoplesHR Full time

Company Overview

PeoplesHR is a healthcare services provider committed to delivering quality care at the entry level of care. Our vision is to correct our broken health delivery system by providing robust primary care services, including acute and chronic illnesses, urgent and emergency medical situations, and preventive care.

We operate in industrial complexes and corporate houses, offering on-site modern clinics and occupational health care services. Our goal is to establish a chain of high-quality health centers that bridge the gap in people's healthcare needs.

Salary Information

The estimated annual salary for this role is ₹1,200,000 - ₹1,800,000, depending on experience and qualifications.

Job Description

A Payroll Specialist with compliance expertise is responsible for processing all aspects of payroll, including managing company budgets and expenses. They work closely with different departments to increase performance and ensure smooth operations.

Responsibilities:

  1. Preparing employees' salaries every month
  2. Preparing bonus and leave encashment records for all employees
  3. Using payment processing support
  4. Preparing employee annual increments as instructed by superiors and providing feedback on previous year increments
  5. Calculating arrears based on affected increments in salary for all employees
  6. Full and final settlements
  7. Checking and finalizing contract worker salaries for branches and factories
  8. Preparing TDS furcation for all employees and handling Form-16
  9. Handling bank account opening formalities for new joiners
  10. Ensuring compliance with statutory regulations like PF, ESIC, insurance policies, and gratuity
  11. Enrolling new employees' nomination and declaration forms
  12. Transferring PF
  13. PF withdrawal
  14. Professional tax calculation
  15. Designing CTC and salary breakup for new employees (e.g., Employees' FNF calculation of PF and Gratuity, PF & ESIC returns, PT assessment)
  16. Bonus, minimum wages, shops and establishment, personal/group policy, etc. (Shops & Establishment Act)

Key Skills and Qualifications:

Candidates should have excellent knowledge of payroll management, statutory regulations, and compliance procedures. Experience in using payment processing systems and handling employee data is essential.

Benefits:

PeoplesHR offers a competitive salary package, comprehensive benefits, and opportunities for professional growth and development.



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