Executive - Payroll

ibex; Mumbai; On-site; INR 350,000 - 700,000; Full time

Job summary

Ibex is seeking a detail-oriented Payroll Executive in Mumbai to manage end-to-end payroll operations, ensuring accuracy and statutory compliance. The role includes processing monthly payroll, maintaining salary records, handling settlements, and generating payroll reports.

You will collaborate with HR for inputs and approvals, resolve employee queries, and ensure confidential handling of payroll data. 4–6 years of payroll experience is preferred.

Qualifications

• Bachelor’s degree in commerce, Finance, HR, or related field.
• 4–6 years of relevant payroll experience.
• Strong understanding of Indian payroll processes and statutory compliance.
• Good knowledge of payroll taxation and labor laws.
• Proficiency in MS Excel and payroll reporting.
• Basic knowledge of Accounting and TALLY is must.
• Strong analytical, numerical, and problem-solving skills.
• Good understanding of payroll software.
• Good communication and coordination abilities.

Responsibilities

• Process monthly payroll for employees accurately and within defined timelines.
• Maintain and update employee salary records, incentives, bonuses, and deductions.
• Ensure compliance with statutory regulations including PF, ESIC, PT, TDS, and MLWF.
• Prepare, verify, and process Full & Final settlements for exiting employees.
• Generate salary slips, payroll summaries, and MIS reports.
• Coordinate with the HR team for payroll inputs, approvals, and employee updates.
• Handle employee payroll-related queries and resolve discrepancies efficiently.
• Manage filing of Form 24Q independently and issuance of Form 16 to employees.
• Maintain payroll documentation and ensure confidentiality of employee data.

Skills

Payroll processing

Statutory compliance

Payroll reporting

MS Excel

Analytical skills

Communication

Confidentiality

Team coordination

Education

Bachelors in Commerce/Finance/HR

Tools

Spine Technologies

Tally ERP

Payroll software

Job description

Overview

We are looking for a detail-oriented and proactive Payroll Executive to manage end-to-end payroll operations while ensuring accuracy, statutory compliance, and timely salary processing. The ideal candidate should have hands-on experience in payroll management, statutory compliance, employee query resolution, and payroll reporting.

Responsibilities

• Process monthly payroll for employees accurately and within defined timelines.
• Maintain and update employee salary records, incentives, bonuses, and deductions.
• Ensure compliance with statutory regulations including PF, ESIC, Professional Tax (PT), TDS, and MLWF.
• Prepare, verify, and process Full & Final settlements for exiting employees.
• Generate salary slips, payroll summaries, and MIS reports.
• Coordinate with the HR team for payroll inputs, approvals, and employee updates.
• Handle employee payroll-related queries and resolve discrepancies efficiently.
• Manage filing of Form 24Q independently and issuance of Form 16 to employees.
• Maintain payroll documentation and ensure confidentiality of employee data.

Required Skills & Qualifications

• Bachelor’s degree in commerce, Finance, HR, or related field.
• 4–6 years of relevant payroll experience.
• Strong understanding of Indian payroll processes and statutory compliance.
• Good knowledge of payroll taxation and labor laws.
• Proficiency in MS Excel and payroll reporting.
• Basic knowledge of Accounting and TALLY is must.
• Strong analytical, numerical, and problem-solving skills.
• Good understanding of payroll software.
• Good communication and coordination abilities.

Additional Qualifications

• Working knowledge of Spine Technologies payroll software.
• High attention to detail and accuracy.
• Ability to handle confidential information responsibly.
• Capable of managing payroll timelines under pressure.
• Team player with a proactive approach toward process improvement.