Payroll Processing Associate

**Location**: Vadodara

**Job Type**: Full Time / Onsite

**Department**:CPA

**Shift**:General Shift

**Job Summary**:
**Key Responsibilities**:

- ** Payroll Management**: Process monthly payroll for employees, ensuring timely and accurate payments.
- ** TDS Knowledge and Filing**: Have a thorough understanding of **TDS** (Tax Deducted at Source) working, ensure correct deductions from employee salaries, file **TDS returns**, and issue **Form 16** to employees.
- ** Salary Components**: Knowledge of various **salary components** and the ability to restructure salary packages during the **salary revision cycle**.
- ** Salary Revision Letter**: Prepare **salary revision letters** for employees, ensuring clarity on new salary structures, benefits, and deductions during the salary revision process.
- ** Offer and Appointment Letters**: Prepare and issue **offer letters** and **appointment letters** for new hires, ensuring accuracy in salary details, deductions, and statutory benefits.
- ** Accounting Entries**: Ensure correct **accounting entries** for payroll processing, ensuring that all salary and statutory expenses are correctly recorded in the company’s financial system.
- ** Statutory Compliance**: Ensure compliance with Indian labor laws, including **PF (Provident Fund)**, **ESI (Employee State Insurance)**, **Professional Tax**, **LWF (Labor Welfare Fund)**, and other statutory deductions.
- ** Timely Payment of Statutory Dues**: Ensure that all statutory dues, including **TDS**, **PF**, **ESIC**, **PT**, **LWF**, etc., are paid within the respective due dates, avoiding any penalties or compliance issues.
- ** Reconciliation**: Perform **periodic reconciliation** between the **salary register** and **accounting records** to ensure accuracy and consistency in payroll data.
- ** Arrears and Adjustments**: Process payroll **arrears** and adjustments in salary, including retroactive salary payments, bonuses, and other one-time payments.
- ** Payroll Reports**: Generate and maintain payroll reports such as **salary slips**, **tax summaries**, **reimbursement statements**, and other relevant documents.
- ** Employee Benefits**: Manage employee benefits like **gratuity**, **leave encashment**, and other allowances, ensuring proper deductions and contributions.
- ** Salary Audit**: Coordinate with external or internal auditors for **salary audits** and ensure the smooth provision of necessary documents and information required for audit processes.
- ** Employee Profile Creation**: Ensure the creation and accurate entry of employee profiles in the company’s **ERP system**, maintaining up-to-date and complete records for each employee.

**Required Qualifications**:

- ** B.Com** or **M.Com** (or equivalent qualification).
- ** 3 to 4 years of experience** in payroll processing, accounting, or finance, with hands-on experience in **TDS**, **PF**, **ESIC**, **Professional Tax**, and other statutory compliance tasks.
- Strong understanding of **salary components**, the **salary revision cycle**, and experience with **restructuring salary packages**.
- Proficiency in **MS Excel** and payroll software.
- In-depth knowledge of **statutory compliance** related to **TDS**, **PF**, **ESI**, **LWF**, and **other statutory deductions**.
- Strong attention to detail with the ability to handle confidential employee data.
- Good communication skills to interact with employees and resolve payroll-related queries.

**Preferred**:

- Experience in **salary audits**, **Form 16** issuance, and reconciliation of payroll with **accounting records**.
- Prior experience in creating and maintaining **employee profiles** in **ERP systems**.

**Job Category**:Payroll Processing Associate

**Job Type**:Full Time / Onsite

**Job Location**:Vadodara