A Payroll Executive is responsible for accurately and timely processing of employee payroll, ensuring compliance with regulations, and managing related administrative tasks. They maintain accurate records, handle payroll queries, prepare reports, and collaborate with HR and finance teams.
Key Responsibilities:
Payroll Processing: Calculate and process employee wages, salaries, bonuses, deductions, and other payments, ensuring accuracy and timeliness.
Compliance: Ensure compliance with all relevant labor laws, tax regulations, and company policies regarding payroll and employee benefits.
Record Keeping: Maintain accurate and up-to-date payroll records, including employee data, pay information, and tax filings.
Reporting: Prepare and generate various payroll reports, including tax returns, employee statements, and management reports.
Query Handling: Respond to employee queries regarding payroll, salary, and benefits.
Collaboration: Work with HR and finance teams to address payroll-related issues and ensure seamless operations.
Benefits Administration: Assist with managing employee benefits, including enrollments, changes, and reporting.
Tax Compliance: Ensure timely and accurate filing of all payroll-related taxes, including TDS, GST, and other relevant taxes.
Software Proficiency: Utilize payroll software to manage payroll processes and data.
Record Management: Maintain accurate and organized records of all payroll transactions, including employee earnings, taxes, and deductions.
Data Analysis: Prepare and deliver payroll reports and analytics to stakeholders.
Required Skills:
Strong mathematical and accounting skills.
Proficiency in payroll software and spreadsheets.
Excellent attention to detail and accuracy.
Strong communication and interpersonal skills.
Ability to work independently and under pressure.
Knowledge of relevant labor laws and tax regulations.
Familiarity with Indian tax regulations, including TDS, GST, and income tax provisions.
Knowledge of Indian labour laws, such as the Employees' Provident Fund (EPF) Act, the Employees' State Insurance (ESI) Act, and the Professional Tax Act.