Payroll Officer

**Job Title**: Payroll Executive

**Purpose**:
The purpose of hiring a payroll executive is to ensure the accurate and timely processing of payroll for the clients. Payroll is a critical function within any organization, as it involves calculating and distributing employees' salaries, wages, bonuses, and deductions. The role of a payroll executive is essential for several reasons:
**Prior Experience Required**:
At least 4 years of experience in a payroll management role in an outsourcing company

**Department**: Operations

Fixed Salary Bracket: 45k to 55k CTC

**Educational Background Expected**: Graduate in any stream is fine.

**Other Skills Required**:
**Payroll Processing Expertise**: A deep understanding of payroll processes, tax regulations, wage and hour laws, and benefits administration is essential. This includes knowledge of calculating salaries, wages, deductions, taxes, and other compensation components accurately.

**Attention to Detail**: Payroll involves intricate calculations and data entry. A payroll executive must be meticulous and detail-oriented to ensure that no errors occur in paychecks, tax filings, or other financial records.

**Mathematical Acumen**: Strong mathematical skills are crucial for calculating complex payroll figures, including gross and net pay, taxes, deductions, and benefits.

**Legal and Regulatory Knowledge**: Stay up-to-date with labour laws, tax regulations, and employment-related compliance requirements at the local, state, and federal levels to ensure the company's payroll practices remain compliant.

**Data Management**: Effective data management skills are necessary to maintain accurate payroll records, track changes, and generate reports as needed.

**Confidentiality**: Payroll executives handle sensitive employee information, including financial data. Maintaining strict confidentiality is crucial to protect employee privacy and prevent data breaches.

**Leadership and Management**: If overseeing a team, leadership skills are important to manage and motivate payroll staff, assign tasks, provide guidance, and ensure teamwork.

**Adaptability**: The payroll landscape can change due to regulatory updates or company policy changes. Being adaptable and willing to learn new practices is essential.

**Customer Service**: Interacting with employees and addressing their payroll-related concerns requires a customer service mindset.

**Documentation Skills**: Accurate record-keeping and documentation of all payroll transactions are crucial for audits, reviews, and compliance purposes.

**Other Requirements**:

- They should be well-versed in tax benefit components such as LTA and attire allowance.
- Additionally, they should have experience designing CTC packages that allow employees to maximize their tax benefits.

**Job Brief**:

- **At least 4 years of experience in a payroll management role in an outsourcing company**
- **Strong knowledge of cloud-based software for payroll management**
- Proficient in Indian income tax laws and benefits, specifically sections 80C, 80CCD, 80D, etc.
- Familiarity with tax benefit components such as LTA and attire allowances
- Experience with attendance regularisation and mobile-based attendance integration
- Excellent communication skills, both written and verbal

**Responsibilities**:

- **Utilize cloud-based software to manage payroll for our clients**
- Stay up-to-date with changes in income tax laws and regulations, particularly with regard to tax benefits such as 80C, 80CCD, and 80D
- Design CTC packages that optimize tax benefits for employees
- Handle new clients independently, ensuring a smooth onboarding process
- Maintain open and clear communication with clients and team members
- Led the entire end-to-end payroll and HR operation functions, ensuring compliance with operating procedures and deadlines.
- Processed starters and leavers accurately and in a timely manner, handling manual adjustments and data updates.
- Managed monthly reimbursements for car, books & periodicals, entertainment, LTA, and telephone, aligning with eligibility criteria.
- Prepared payment reports and bank advice, and generated department-wise reports for clients.
- Successfully processed Full & Final settlement of resigned employees.
- Responsible for quarterly & annually ETDS filing.
- Checked investment proofs and worked on quarterly and yearly ETDS files to generate Form 16.
- Managed PF, PTAX, and ESIC payments and returns.

If interested you can contact or share resume

Contact:

- Pragati

8657440083

Thank You

**Job Types**: Full-time, Permanent

Pay: ₹45,000.00 - ₹55,000.00 per month

**Benefits**:

- Health insurance
- Provident Fund

Schedule:

- Day shift
- Fixed shift
- Monday to Friday

Supplemental pay types:

- Performance bonus
- Yearly bonus

Work Location: In person