Payroll Manager

17 hours ago


Mumbai, Maharashtra, India GOODRICH MARITIME PVT. LTD Full time ₹ 8,00,000 - ₹ 12,00,000 per year

The role requires expertise in TDS, tax calculations, labor laws, and payroll regulations to ensure smooth payroll execution and adherence to compliance requirements.

Responsibilities:

Payroll Management

  • Accurately process monthly payroll in compliance with company policies and statutory guidelines.
  • Validate salary structures, deductions, incentives, reimbursements, and ensure accurate disbursement.
  • Address and resolve payroll-related queries, including those related to salary, deductions, and taxation.
  • Coordinate with finance and HR for payroll cost analysis and budgeting.

Taxation & TDS Compliance

  • Calculate TDS on salaries as per Income Tax provisions and ensure timely deposits.
  • Prepare and file TDS returns (Form 24Q, Form 16, Form 16A) quarterly and annually.
  • Stay abreast of changes in tax laws, exemptions (HRA, LTA, 80C), and ensure smooth investment declaration processes.
  • Provide guidance to employees on income tax planning and declaration submissions.

Statutory Compliance & Audit

  • Ensure end-to-end compliance with applicable labor laws including PF, ESI, Gratuity, Bonus Act, Shops & Establishments Act, and Minimum Wages.
  • Handle various internal and external audits, including labor law, statutory, and ISO audits.
  • Maintain accurate payroll and compliance records; generate audit-ready reports for management and authorities.
  • Address management audits including salary returns and PF factors.

Employee Benefits & Compliance Administration

  • Oversee leave management, LTA process and policies awareness, and its financial settlement.
  • Accurately process full & final settlements, gratuity, incentives, and variable pay.
  • Manage exceptional cases such as employee death benefits, retirement processing, and post-retirement consultancy extensions.
  • Handle ESIC returns and all associated types, including Form 7A for PT, ESIC, and LWF assessments.

Compliance Leadership

  • Determine whether compliance activities are executed internally or through external consultants.
  • Act as a proactive compliance integrator rather than a passive coordinator, ensuring alignment with organizational and legal standards.
  • Manage and review the Annual Increment Process ensuring consistency and compliance with internal compensation frameworks.

Requirements:

Technical & Functional Skills

  • Proficient in payroll software such as SAP, Oracle, ADP, or equivalent systems.
  • Advanced Excel skills, including pivot tables, formulas, and payroll data analysis.
  • In-depth knowledge of TDS, payroll taxation, labor law compliance, and statutory filings.
  • Familiarity with ISO audit frameworks and documentation standards.

Core Competencies

  • Analytical Thinking: Ability to identify discrepancies, ensure accuracy, and mitigate compliance risks.
  • Communication: Strong interpersonal skills to explain complex taxation and compliance matters clearly to employees and stakeholders.
  • Problem Solving: Quick resolution of payroll disputes and statutory challenges.
  • Ownership: Demonstrates accountability in handling audits, compliance issues, and regulatory liaison.

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