Executive/Senior Executive (Payroll + Tax)

Executive Search; Gurugram District; On-site; INR 600,000 - 900,000; Full time

Job summary

Executive Search in Gurugram seeks a Tax Analyst to manage income tax computations for employees under the Income-tax Act, 1961. You will prepare projections under Old and New regimes, verify declarations, and ensure accurate tax treatment of salary components and exemptions.

Responsibilities include computing joining/resignation tax implications, handling ESPP/bonuses, reconciling with TDS records and Form 24Q, and supporting quarterly TDS filings with statutory deadlines.

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.

Job description

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.