Payroll Specialist

About the Role

Payroll Specialist will be responsible for managing end-to-end payroll operations with a strong focus on accuracy, compliance, and timely processing. This role requires deep knowledge of Indian payroll practices, Income Tax regulations, compensation structures, benefits administration, and equity-related calculations (ESOP / ESU). The ideal candidate will work closely with HR, Finance, and employees to ensure seamless payroll execution and high-quality service delivery.

Responsibilities

• Prepare, validate, and process monthly payroll inputs, including new joiners, exits, variable pay, reimbursements, and adjustments.
• Ensure accurate and timely payroll processing in line with statutory requirements and internal timelines.
• Reconcile payroll outputs with Finance; ensure error-free salary disbursement.
• Manage statutory compliance : PF, ESI, PT, TDS, Bonus, Gratuity, etc.
• Process Full & Final settlements for exiting employees, including notice periods, leave encashment, recoveries, and tax implications.
• Ensure timely coordination with HR, IT, and Finance for seamless offboarding and settlement closure.
• Manage one-time payments such as joining bonuses, retention bonuses, ex gratia, incentives, and special payouts with correct tax treatment.
• Stay updated on current Income Tax rules in India and apply them accurately in payroll computations.
• Address employee queries related to investments, tax declarations, exemptions, salary structure, and payslips.
• Educate employees on tax-saving options and compliance requirements.
• Maintain accurate payroll records, dashboards, monthly MIS, and audit logs.

Qualifications

Bachelor’s degree in commerce, Finance, HR, or related field.

Experience

Required Skills

We are an equal opportunity provider and offer employment to all job seekers including individuals with disabilities