Location
Navi Mumbai | India
Job description
As a Payroll Specialist, your work will focus on these responsibilities:
- Payroll input collection/preparation/compilation for payroll processing.
- Preparation of bank payment advice notes for salary transfer and payment.
- Payroll Reconciliation.
- Monthly SAF payment data is to be finalized and payment is to be released by the last day of the month.
- Accounting of payroll-related JV's (main salary JV / LTA Provision / SAF Provision/Employer contribution/bonus provision) cost center-wise & O&M site-wise.
- Preparation & updation of loan register for Wartsila Finland reporting by CFO.
- Preparation of monthly payroll-related schedules for monthly reporting & audit (expense + liability accounting).
- Once payroll is closed & accounting is done - confirmation activity is to be completed in SAP (run book)
- Resolution of Employee queries pertaining to payroll.
- Preparation of statutory dues statement (PT / TDS / PF / ESIC), their reconciliation with salary register and payment.
- LTA register preparation in Jan & keep track of monthly payment of employees LTA payment every month.
- Provision of LTA, SAF, bonus, leave salary & gratuity.
- Leave provision data quarterly to be finalized and sent to the actuary for valuation.
- Preparation of reports regarding statutory dues for audit purposes
- Preparation of quarterly data for ETDS returns, reconciliation with monthly salary register and ETDS return filling.
- Statement of PT liability to be sent to state-wise / location-wise for payment.
- General ledger clearing in SAP (liability acct. - liability vs. Payment).
- Final settlement data to be compiled for ETDS working every month to push in the payroll system.
- Payroll audit (internal/statutory audit- both) handling
- Preparation of full & final advice notes
- Accounting of full & final JV's & payment and submission of advice notes to hr
- Handling queries if any regarding F&F settlement.
- Investment proposal to be collected for tax exemption/calculation on web site.
- Resolve queries of employees regarding Tax deduction
- Coordination between employees & payroll processor for finalizing the taxable income/tax liability.
- Finalise data regarding issuing form 16 (income tax certificate)
- Checking of form 16 (income tax certificate)
- Release form 16 (income tax certificate) on the website to all the employees.
Job tags
Salary
