Assistant Manager- Accounts

Job Purpose

To ensure accurate and timely execution of direct tax activities, including income tax deductions, TDS computation and deposit, income tax return filing, and compliance with applicable provisions of the Income Tax Act and related statutory regulations.

Key Roles & Responsibilities

1. Income Tax Deduction & Computation

• Calculate and ensure accurate deduction of income tax/TDS on vendor payments, contractor bills, professional fees, rent, salary and other applicable transactions.
• Verify the applicability of relevant TDS sections, rates, thresholds and exemptions under the Income Tax Act.
• Review vendor PAN details, declarations, lower/nil deduction certificates and other supporting documents.
• Ensure appropriate accounting entries and reconciliation of tax deductions with the books of accounts.

2. TDS Compliance & Returns

• Prepare and ensure timely deposit of TDS and TCS, wherever applicable, within prescribed statutory due dates.
• Prepare, review and file quarterly TDS/TCS returns, including applicable forms such as 24Q, 26Q and 27Q.
• Generate and distribute Form 16 and Form 16A to employees and vendors, as applicable.
• Reconcile TDS returns with the books of accounts, challans, TRACES records and Form 26AS/AIS, wherever relevant.
• Monitor and resolve TDS defaults, short deductions, interest, late fees and other discrepancies.
• Handle TDS-related notices, corrections and compliance requirements.

3. Income Tax Return Filing

• Assist in preparation and filing of corporate income tax returns and other applicable income tax returns within statutory deadlines.
• Compile tax-related financial information, schedules, supporting documents and reconciliations required for return preparation.
• Coordinate with internal Accounts & Finance teams and external tax consultants for tax computation, return review and filing.
• Review advance tax and self-assessment tax liabilities and ensure timely payment.
• Reconcile tax credits, TDS, advance tax and tax payments with Form 26AS, AIS/TIS and relevant tax records.

4. Income Tax Compliance & Tax Payments

• Monitor statutory due dates for TDS, advance tax, income tax returns and other applicable direct tax compliance.
• Prepare tax payment workings and coordinate the timely payment of income tax, advance tax, TDS and related liabilities.
• Maintain tax compliance calendars, payment records, challans, returns and supporting documentation.
• Assist in tax provisions, tax liability reconciliations and related month-end/year-end closing activities.
• Support tax audits, assessments, scrutiny proceedings and other departmental requirements in coordination with tax consultants.
• Track changes in tax laws, rules, circulars and notifications relevant to the organisation.

5. Reconciliation, Documentation & Reporting

• Reconcile TDS payable, TDS receivable, advance tax, income tax payable and other tax-related ledger balances.
• Maintain accurate records of tax deductions, deposits, returns, notices and statutory acknowledgements.
• Prepare periodic reports on tax deductions, payments, outstanding liabilities and compliance status.
• Ensure proper documentation and availability of records for internal audits, statutory audits and tax assessments.

Educational Qualification

• B.Com / M.Com / MBA (Finance) or equivalent qualification.
• CA Inter / CMA Inter or relevant taxation certification will be an added advantage.

Experience

• 5-8 years of relevant experience in direct taxation, TDS compliance, income tax return filing and statutory tax matters.
• Experience in a corporate Accounts & Finance environment, preferably in the EPC, infrastructure, construction or engineering industry, will be preferred.