Payroll Specialist

Ensure accurate and timely processing of employee payroll in compliance with Indian regulations.

·       Calculate salaries, deductions (taxes, provident fund, insurance, etc.), and bonuses.

·       Maintain employee payroll records.

·       Coordinate with HR to ensure proper input for new hires, Resigned, and employee changes.

Statutory Compliance:

·       Ensure compliance with all applicable tax laws, Provident Fund (PF), Employees’ State Insurance (ESI), Gratuity, and Labor Laws under Indian Government regulations.

·       Assist in the calculation and filing of income tax, TDS (Tax Deducted at Source), and other statutory requirements.

·       Prepare and file monthly/quarterly/annual returns related to payroll.

·       Assist in maintaining general ledgers, preparing journal entries, and posting entries related to payroll expenses.

·       Support month-end and year-end closing procedures, ensuring all payroll-related entries are accounted for correctly.

·       Reconcile payroll-related accounts, such as salaries payable, statutory dues, etc.

Employee Queries:

·       Address payroll-related queries from employees in a timely and professional manner.

·       Provide assistance in resolving discrepancies related to salary, deductions, or other payroll-related issues.

Additional skills and experience

·       GST Compliance: Ensure adherence to GST laws and regulations, including preparing and filing GST returns, reconciling GST payable and receivable, and handling GST audits.

·       Accounts Payable (AP): Process and manage vendor invoices, verify payment terms, ensure timely payments, and maintain accurate records of AP transactions.

·       Good experience in Excel

·       Bookkeeping and Accounting: