Executive, Payroll

Razorpay was founded by Shashank Kumar and Harshil Mathur in 2014. Razorpay is building a new-age digital banking hub (Neobank) for businesses in India with the mission is to enable frictionless banking and payments experiences for businesses of all shapes and sizes. What started as a B2B payments company is processing billions of dollars of payments for lakhs of businesses across India. 

Designation: Payroll Executive

Roles and responsibilities

This position is responsible for the preparation of the monthly payroll and ensuring compliance and accuracy in Payroll activities as per the payroll calendar for various locations of Razorpay.

• Well-experienced in end-to-end payroll preparation, processing, and review.


• Manage the payroll tool and ensure the availability of employee details, i.e., payslips, form 16, compensation structure, investment and flexi declarations, etc.


• Work on flexi claims and reimbursements on a monthly basis.


• Manage payroll accounting with monthly accounting entries.


• Work on Performance bonuses and quarterly incentives.


• Ensure on-time preparation and release of full and final settlements.


• Handle employee queries and ensure on-time query resolution.


• Work on quarterly and annual returns and ensure on-time filing of the returns.


• Work in year-end activities, i.e., Investment & flexi declarations, proof collections, Form 16 generation, etc.


• Prepare and maintain payroll-related MIS, reports, trackers, and schedules on a monthly basis.


• Work with the statutory compliance team on PF, PT, TDS & LWF for various locations of Razorpay and ensure timely payments.


• Work with various vendors on meal and gift vouchers.


• Actively participate in internal Audits and ensure zero non-compliances 

Qualification and Experience

• 1-3 years of hands-on experience in India payroll, various locations in India


• Experience with outsourced and in-house payroll processing


• Experience with various payroll tools, i.e., ADP, Ascent, greytHR, Excility, etc.


• Must be proficient in MS Excel.


• Good to have experience with accounting software such as Tally or SAP


• Must have excellent communication skills 


• Good understanding of various statutory and labour compliances.


• Graduate/post graduate, preferably with commerce or Science