Executive/Senior Executive (Payroll + Tax)

Role & responsibilities :

• Compute monthly and annual income tax liability for employees in accordance with the Income-tax Act, 1961.

• Prepare employee-wise tax projections under the applicable tax regime (Old and New).

• Verify investment declarations and supporting documents submitted by employees.

• Review salary components, exemptions, deductions, perquisites, and taxable allowances for accurate tax computation.

• Calculate tax implications relating to joining, resignation, bonus, incentives, arrears, reimbursements, ESOPs, and other salary components.

• Ensure accurate deduction of Tax Deducted at Source (TDS) from salaries.

• Prepare and validate annual tax computation statements and support the issuance of Form 16.

• Reconcile employee tax computations with TDS records, Form 24Q, and statutory filings.

• Prepare and file quarterly TDS returns (Form 24Q) within prescribed timelines and ensure compliance with applicable TDS provisions.