Sr. Payroll Executive

Yokogawa Electric Corporation; Bengaluru; On-site; INR 600,000 - 800,000; Full time

Job summary

Yokogawa Electric Corporation is seeking a Sr. Payroll Executive in Bengaluru to ensure accurate payroll processing and compliance with statutory regulations. This role involves validating payroll inputs, ensuring timely deposits of statutory dues, and maintaining proper accounting and reporting of all payroll-related transactions.

The ideal candidate has strong expertise in payroll processing, compliance, and accounting, contributing to a diverse and inclusive workplace where everyone can succeed.

Qualifications

• Experience in payroll processing and compliance with statutory regulations.
• Strong accounting skills and knowledge of payroll-related transactions.
• Familiarity with Tax (TDS) and Provident Fund regulations.

Responsibilities

• Ensure accurate processing of employee payroll.
• Validate payroll inputs and ensure compliance with regulations.
• Prepare and post payroll journal entries in the accounting system.

Skills

Payroll processing

Compliance with regulations

Accounting expertise

Tax (TDS) handling

Education

Relevant degree in Finance or Accounting

Tools

Payroll software

Accounting systems

Job description

## Sr. Payroll ExecutiveApplylocations: YIL\_Bangalore SATP (5th Floor)-Corporate Officetime type: Full timeposted on: Posted Yesterdayjob requisition id: R-11317**Not just a job, but a career**Yokogawa, award winner for ‘Best Asset Monitoring Technology’ and ‘Best Digital Twin Technology’ at the HP Awards, is a leading provider of industrial automation, test and measurement, information systems and industrial services in several industries.Our aim is to shape a better future for our planet through supporting the energy transition, (bio)technology, artificial intelligence, industrial cybersecurity, etc. We are committed to the United Nations sustainable development goals by utilizing our ability to measure and connect.**About the Team** Our 18,000 employees work in over 60 countries with one corporate mission, to "co-innovate tomorrow". We are looking for dynamic colleagues who share our passion for technology and care for our planet. In return, we offer you great career opportunities to grow yourself in a truly global culture where respect, value creation, collaboration, integrity, and gratitude are highly valued and exhibited in everything we do.To ensure accurate and timely processing of employee payroll, compliance with statutory regulations, and proper accounting, reconciliation, and reporting of all payroll-related transactions.Validate payroll inputs including, Salary revisions, one-time payments, Leave records, Full & Final settlements, Ensure correct calculation of Earnings, Deductions, Tax (TDS) and Coordinate with HR for employee data updates and approvals.Ensure compliance with all applicable regulations including Income Tax (TDS on salaries, Form 16 issuance), Provident Fund (PF), Professional Tax (PT),Labour laws and other statutory requirements. Ensure timely deposit of statutory dues and filing of returns.Prepare and post payroll journal entries in the accounting system. Maintain proper classification of Salary expenses. Bonus provisions, Gratuity, leave encashment provisions. Perform monthly reconciliation of Payroll accounts, Bank accounts used for salary disbursement, Statutory payable accounts and Ensure payroll costs are accurately reflected in financial statements.Ensure accurate deduction of income tax from employee salaries, handle employee tax declarations and validations,Issue Form 16 and support employees on tax-related queries.Liaise with Payroll service provider. Ensure SLAs are met by payroll vendor.Coordinate with internal departments (HR, Finance, IT)Yokogawa is an Equal Opportunity Employer. Yokogawa wants a diverse, equitable and inclusive culture. We will actively recruit, develop, and promote people from a variety of backgrounds who differ in terms of experience, knowledge, thinking styles, perspective, cultural background, and socioeconomic status. We will not discriminate based on race, skin color, age, sex, gender identity and expression, sexual orientation, religion, belief, political opinion, nationality, ethnicity, place of origin, disability, family relations or any other circumstances. Yokogawa values differences and enables everyone to belong, contribute, succeed, and demonstrate their full potential.