Role Summary:
We are seeking an experienced Accounts and Direct Tax Executive to manage month-end journals related to corporate expenses, ECB & intercompany loan interest, payroll validations, and statutory taxation filings. This role requires deep expertise in payroll accounting, tax compliance, and financial coordination with subsidiaries.
Key Roles and Responsibilities:
Payroll Accounting
- Validate monthly payroll across all employee categories, including preparation and accounting of journal vouchers (JVs).
- Manage end-to-end payroll processing for settlement cases (SSF and non-SSF).
- Track and monitor pending employee settlements exceeding 60 days.
- Prepare quarterly schedules summarizing payroll and settlement activity on a cumulative annual basis.
- Reconcile statutory dues related to payroll monthly and advise HR on necessary clearances.
Monthly Provisions
- Post month-end journals for fixed corporate expenses, ECB & intercompany loan interest, and restatements.
- Calculate applicable TDS and withholding tax (WHT).
- Review, validate, and process monthly settlement payments.
Taxation
- Apply for lower deduction certificates for TDS.
- File annual tax returns and tax audit reports (Forms 3CD, 3CA, 3CEB, 3CEAA), including corporate income tax returns.
- Compile data and documentation for income tax assessments and hearing notices.
- Liaise with tax consultants for appeals and ongoing tax assessments.
Regulatory Compliance
- Handle RBI filings such as Foreign Liabilities and Assets (FLA) returns.
- File statistical annual returns and ensure timely submission of documents for foreign currency payments.
- Coordinate with practicing CAs for CA certification (Form 15CA/15CB), including documentation for tender submissions.
Subsidiary Coordination
- Prepare and analyze monthly cash flow and perform variance analysis.
- Coordinate with subsidiary entities for monthly account closures and book finalization.
- Monitor and reconcile subsidiary books of accounts.
- Generate monthly MIS reports across various financial schedules.
- Coordinate with auditors for quarterly and annual audits of subsidiaries.
- Knowledge of QuickBooks is an added advantage.
Qualification:
- Minimum 5 years of experience in Accounting and Taxation.
- CA – Inter qualification is mandatory.
- Strong verbal and written communication skills.