About the Role

We are looking for a detail-oriented and technically sound taxation professional to manage direct tax compliances, tax planning, assessments, litigation and reporting for a life insurance business. The candidate should have a strong understanding of the Income Tax Act, regulatory requirements applicable to insurance companies and tax implications of life insurance operations.

Key Responsibilities

1. Direct Tax Compliance &
- Returns

- Manage preparation, review and filing of corporate income tax returns and other applicable statutory filings.

- Ensure timely compliance with advance tax, self-assessment tax, TDS and other direct tax obligations.

- Review tax computations, provisions and deferred tax calculations.

- Ensure accurate tax reporting in accordance with applicable accounting standards and tax regulations.

1. Tax Assessment &
- Litigation

- Handle income tax assessments, reassessments, scrutiny proceedings and departmental queries.

- Coordinate with tax consultants, auditors and legal advisors for assessment and litigation matters.

- Prepare submissions, responses and documentation for notices received from the Income Tax Department.

- Track ongoing tax disputes, appeals and pending litigation.

1. Tax Planning &
- Advisory

- Identify tax-efficient strategies while ensuring compliance with applicable tax laws.

- Provide tax advisory on business transactions, investments and operational activities.

- Evaluate tax implications of current products, business initiatives and changes in regulatory requirements.

- Monitor amendments to the Income Tax Act and assess their impact on the organisation.

1. Life Insurance Industry-Specific Taxation

- Understand tax provisions applicable to life insurance companies,



particularly Section 44 read with the First Schedule of the Income Tax Act.

- Manage tax implications relating to life insurance business income, policyholder funds and shareholder funds.

- Evaluate tax treatment of insurance premiums, commission, claims, investments and other business transactions.

- Understand tax implications of ULIPs, traditional insurance products and other life insurance offerings.

- Coordinate with Actuarial, Investment, Finance and other business teams on taxation-related matters.

1. TDS &
- Tax Reporting

- Oversee TDS compliance, including applicability, deduction, deposit, return filing and reconciliation.

- Review TDS on vendor payments, professional fees, commission and other applicable transactions.

- Manage Form 26AS, AIS and TDS reconciliations.

- Ensure timely issuance of TDS certificates and resolution of tax-related discrepancies.

1. Audit &
- Stakeholder Management

- Coordinate with internal and statutory auditors for direct tax audits and related requirements.

- Support tax audits, internal controls and documentation.

- Prepare tax-related MIS, management reports and updates for senior management.

- Liaise with consultants, tax authorities and internal stakeholders.

Desired Candidate Profile

- CA Qualified / CA Finalist with strong experience in Direct Taxation.

- 37 years of relevant experience in Direct Taxation, preferably in BFSI, Insurance or Financial Services.

- Strong knowledge of the Income Tax Act, Rules and applicable amendments.

- Experience in corporate tax returns, tax assessments, litigation, TDS and tax provisioning.

- Exposure to taxation of life insurance companies will be an added advantage.

- Strong analytical, reconciliation and problem-solving skills.

- Good communication and stakeholder management abilities.

📌 Manager - Tax & Accounts (Gurugram)
🏢 Pramerica Life Insurance
📍 Gurugram