Processing payroll: This involves calculating employees' pay based on days worked, deductions, taxes and relevant benefits.
Statutory Compliance : Knowledge and experience in Labour Laws: Provident Fund Act, ESI Act, Minimum Wages Act, Payment of wages Act, Maternity Act, Bonus Act, Shop, Act, Factories Act, Employment Exchange Act, Contract labour Act , Payment of gratuity Act
Maintaining payroll records: A payroll specialist maintains accurate records of all payroll transactions, including employee earnings, taxes and deductions.
Tax compliance: A payroll specialist calculates and ensure the on-time payment of all payroll-related taxes.
Benefits administration: A payroll specialist accounts for employee benefits, such as health insurance and retirement plans.
Monitoring compliance: A payroll specialist ensures the organization complies with all applicable laws and regulations related to payroll, taxes and benefits.
Responding to employee enquiries: A payroll specialist serves as the first point of contact for employees with questions or concerns about their salary, benefits or taxes.
Generating reports: They generate reports related to payroll expenses, taxes and other payroll-related data to help the organization make informed decisions.