Lead - Payroll

Experience: 8-12 years

Team Handling: Exp is must.

Proficient in End-to-End Payroll Processing, Taxation, Compliance, and Insurance with team handling experience.

Roles and Responsibilities:

1. Payroll Processing

- Manage monthly salary processing including inputs, validation, and disbursement.

- Ensure accurate calculation of earnings, deductions, arrears, bonuses, and full & final settlements.

- Coordinate with HR and Finance for timely input closures and approvals.

2. Taxation & TDS Returns

- Calculate and deduct monthly TDS on salaries as per Income Tax regulations.

- Prepare and file quarterly TDS returns (Form 24Q).

- Issue Form 16 to employees within the prescribed timelines.

3. Compliance Management

- Ensure adherence to all statutory requirements including PF, ESIC, PT, LWF, and other applicable labor laws.

- Liaise with external consultants/auditors for statutory audits and inspections.

- Maintain updated records for all statutory filings and challans.

4. Insurance Administration

- Handle end-to-end employee insurance lifecycle addition, deletion, claims coordination, and policy renewal.

- Coordinate with insurance providers for premium quotations, negotiation, and onboarding.

5. Provisions & Reconciliation

- Prepare monthly payroll-related provisions (gratuity, leave encashment, bonus, etc.).

- Reconcile payroll-related accounts with finance including salary payments, statutory deductions, and insurance premiums.

- Ensure accuracy in general ledger mapping and audits.