
Payroll Manager
17 hours ago
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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