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 maintainaccurate records of AP transactions.
• Good experience in Excel