10 Aug
|
Executive Search
|
Delhi
10 Aug
Executive Search
Delhi
Key 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 Recent).
- 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.
Coordinate correction statements, TDS reconciliations, and resolution of notices, if any.
- Operate and manage employee tax calculation software for tax computation, validation, and reporting.
- Maintain employee tax records, investment proofs, and statutory documentation.
- Assist employees in resolving queries related to salary taxation, deductions, exemptions, and tax declarations.
- Monitor amendments to the Income-tax Act, CBDT notifications, circulars, and judicial pronouncements relating to salary taxation.
- Coordinate with HR, Finance, and external consultants to ensure accurate tax compliance and process improvements.
- Support internal and statutory audits by providing tax computation schedules and related documentation.
Technical Skills
- Strong knowledge of the Income-tax Act, 1961, relating to salary taxation and TDS.
- Hands-on experience with employee tax calculation software (such as Webtel and other tax computation software).
- Experience in preparing and filing quarterly TDS returns (Form 24Q), TDS reconciliation, correction statements, and Form 16 generation.
- Proficiency in Microsoft
- Familiarity with the TRACES portal and the Income Tax e-Filing portal.
📌 Senior Executive - Employee Income Tax (Delhi)
🏢 Executive Search
📍 Delhi