Payroll Executive

Job Summary

We are seeking a detail-oriented and experienced Payroll Executive to manage and oversee the company's payroll processing. The ideal candidate will be responsible for ensuring accurate and timely processing of payroll, maintaining payroll records, ensuring compliance with company policies and legal requirements.

Key Responsibilities

• Accurately process payroll on defined schedule.
• Manage and review timesheets, attendance records, and leave balances for accuracy.
• Calculate employee wages, deductions, benefits, and taxes.
• Ensure timely and accurate distribution of payroll payments.
• Ensure compliance with Labour laws and regulations.
• Handle statutory deductions including PF, ESI, Professional Tax, Income Tax (TDS), and other payroll-related taxes.
• Stay updated on changes to tax regulations and labor laws, implementing adjustments as required.
• Prepare and submit statutory returns, filings, and reports.
• Maintain accurate payroll records and documentation for auditing and compliance purposes.
• Generate and analyze payroll reports including salary slips, tax summaries, and payment registers.
• Provide payroll data and reports to finance and HR departments as needed.
• Manage employee benefits and deductions related to medical insurance, retirement funds, and other voluntary deductions.
• Ensure accurate processing of bonuses, incentives, and commissions.
• Assist employees in accurately calculating their income tax, ensuring timely submission of investment declarations, and providing necessary follow-ups to complete the process efficiently.

Qualifications

• Education: Bachelors degree in Finance, Accounting,
• Experience: Minimum of 3 years of experience in payroll processing or a similar role.
• Technical Skills: Proficiency in payroll software and MS Excel.
• Knowledge: Strong understanding of payroll practices, labor laws, and statutory regulations.
• Position is open only for Male Candidates