17 Sep
|
Executive Search
|
Gurugram
17 Sep
Executive Search
Gurugram
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
• Solid 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 Gurugram
🏢 Executive Search
📍 Gurugram