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Payroll Executive
3 weeks ago
**Job Summary**:A Payroll Executive is responsible for overseeing all aspects of payroll processing within an organization. This includes calculating and distributing employee salaries, ensuring compliance with tax regulations, maintaining accurate payroll records, and addressing employee inquiries related to payroll.
**Key Responsibilities**:
**Payroll Processing**:
1.Calculate and process employee salaries, wages, bonuses, and commissions accurately and on time.
2.Verify timesheets, attendance records, and other relevant data to ensure accurate payments.
3.Deduct and withhold taxes, benefits, and other deductions in compliance with local, state, and federal regulations.
**Compliance and Reporting**:
1.Stay up-to-date with tax laws and labor regulations to ensure compliance.
2.Prepare and file payroll tax reports and payments to tax authorities.
3.Generate and distribute tax forms such as W-2s and 1099s.
4.Create and maintain accurate payroll records and documentation.
**Benefits Administration**:
1.Administer employee benefits, such as health insurance, retirement plans, and flexible spending accounts.
2.Handle employee inquiries regarding benefits and assist in the resolution of benefit-related issues.
**Data Integrity**:
1.Maintain an accurate and up-to-date payroll database, including employee information, earnings, and deductions.
2.Perform regular audits and reconciliation to identify and correct discrepancies.
**Communication and Support**:
1.Address employee inquiries related to payroll, deductions, and taxes.
2.Collaborate with HR, finance, and other departments to resolve payroll-related issues.
3.Provide timely and accurate payroll reports to management as needed.
**System and Software Management**:
1.Utilize payroll software and tools for efficient and accurate payroll processing.
2.Stay informed about updates and changes to payroll software and recommend improvements if necessary.
**Job Types**: Full-time, Permanent
Pay: ₹15,000.00 - ₹25,000.00 per month
**Benefits**:
- Health insurance
- Provident Fund
Schedule:
- Day shift
Supplemental Pay:
- Performance bonus
Work Location: In person
