Deputy Manager Hr - Payroll Specialist
CurrentKey Responsibilities -Part A: Payroll & related Compliances•Calculation of monthly payroll of both onroll and offroll team members based on the details provided by Payroll Admin and other stake holders which includes.•Validation of data in terms of changes in remuneration, compensation structure, Appointment letter of new joiners etc. •Validation of approvals and amount of additional payments like incentives with the defined company policy.•Ensuring that statutory liabilities applicability i.e. PF, ESI, LWF, P Tax has been mapped at system correctly and there is correct deduction in payroll.•Ensuring that income tax on salary has been calculated and deducted correctly by the payroll system.•Ensuring that Perquisite i.e. CLA, Loans, Car lease etc has been considered correctly in income tax calculation.•Ensuring that income tax declaration has been done by the team members.•Validation of investment proofs submitted against the income tax declaration done•Calculations of full and final in payroll software •Maintaining master of tax saving reimbursements.•Form 16 generation and all related activities •Calculations and deposit of monthly andperiodic statutory payments which includesProvident Fund, ESIC, TDS, NPS, Labour Welfare Fund, Professional Tax and other applicable compliances.•Creation of monthly challans at respective portals.•Ensuring that all the salary related statutory compliance has been done within defined time-line.•Salary MIS and Reconciliation•Projection of funds for payroll and other related payments.•Variances analysis of monthly payroll•Posting of accounting entries in financial software •Provisioning of variable pays, incentives and other applicable expenses/liabilities•Monthly and periodic reconciliation of Salaryexpenses.•Bank reconciliation of Salary related account •Helping in closing of statutory and internal audits from payroll perspective•KMP remuneration, Actuarial certification and other related working.
