Payroll Executive

Key Job Responsibilities

• Ensure timely and accurate processing of monthly payroll for employees.
• Take overall responsibility for payroll processing and administration, ensuring compliance with company policies and statutory requirements.
• Manage time-bound payroll activities such as investment declarations, Form 16 generation, and income tax returns processing.
• Ensure salary disbursement timelines are met and statutory compliances are adhered to.
• Manage employee benefits and reimbursements in accordance with Income Tax rules and company policies.
• Prepare MIS reports and payroll analytics, and standardize payroll reports to support management decision-making.
• Validate payroll inputs such as attendance, leave records, reimbursements, and salary revisions.
• Handle and resolve employee queries related to payroll, tax deductions, reimbursements, and payslips.
• Maintain accurate records of employee benefits, loans, advances, and payroll deductions.
• Perform verification and reconciliation of monthly payroll data before processing payments.
• Calculate and ensure timely deposit of TDS on salaries, and prepare & submit quarterly and annual TDS returns.
• Prepare, validate, and submit statutory returns and compliance reports within required timelines.
• Publish monthly payroll dashboards and reports for management review.
• Ensure monthly payroll provisions are accurately recorded.
• Manage the Full and Final (FNF) settlement process, ensuring timely weekly payments for exiting employees.
• Support statutory and payroll audits by maintaining proper documentation and records.
• Coordinate closely with HR and Finance teams for employee data updates, payroll inputs, and compliance requirements.

Required Skills

• Strong knowledge of payroll processes and statutory compliance.
• Good understanding of PF, ESI, TDS, PT, and labor laws.
• Proficiency in MS Excel and Exposure to work in payroll software
• Attention to detail and strong analytical skills.
• Good communication and problem-solving skills.