Payroll Professional

• Data Entry: Input data into the payroll or HR management system.

• Employee Support: Help employees with inquiries and form filling.

• Monitoring: Track and follow up on incomplete declarations.

• Document Knowledge: Stay updated on acceptable documents for tax-saving investments.

• Proof Verification: Validate investment proofs submitted by employees.

• Regulatory Compliance: Ensure proofs meet tax exemption requirements.

• Payroll Updates: Update the payroll system with verified proof of amounts.

• FBP Policy Understanding: Know company policies on Vehicle Expenses, LTA, etc.

• Claims Verification: Check vehicle ownership and LTA eligibility, ensuring compliance.

• Audit Support: Provide documentation for payroll tax audits.

• Clear Communication: Convey tax and FBP information clearly to employees.

• Assistance: Help employees maximize tax benefits legally.

• Grievance Resolution: Resolve issues related to tax declarations and FBP claims.

Required education

Bachelor's Degree

Preferred education

Bachelor's Degree

Required technical and professional expertise

• Thorough knowledge of the Income Tax Act, relevant sections, rules, and notifications applicable to salary and perquisites.
• Understanding of different tax regimes (current and any new ones).
• Expertise in Tax Deducted at Source (TDS) on salary, including rates, applicability, and filing requirements (e.g., Form 24Q).
• Knowledge of various allowances, perquisites, and their taxability.
• Understanding of tax exemptions and deductions available to employees
• Familiarity with state-specific professional tax regulations.
• Solid understanding of the end-to-end payroll cycle.
• Knowledge of different components of salary structure.
• Understanding of payroll accounting principles and reconciliation processes.
• Up-to-date knowledge of changes in income tax laws and payroll regulations.
• Understanding of filing deadlines and procedures for various tax-related forms.
• Ability to interpret and implement regulatory updates effectively.
• Ability to analyze complex payroll and tax-related issues.
• Skill in identifying discrepancies and errors in tax calculations and claim submissions.
• Capacity to research and find solutions to unique or challenging scenarios.
• Ability to manage workload effectively and meet deadlines, especially during peak periods like tax declaration and proof submission
• Strong organizational skills to maintain records and documentation.

Preferred technical and professional experience

• Hands-on experience with relevant payroll processing software and systems (e.g., SAP Payroll, SF).
• Ability to navigate the system, extract data, generate reports, and perform necessary configurations related to tax and FBP.
• Employee Self-Service (ESS) Portal Management:

• Familiarity with ESS portals used for tax declarations, proof submissions, and FBP claims.
• Ability to guide employees on using the portal and troubleshoot basic issues.

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