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Consultant - Income Tax Specialist

  • Full Time
  • On-Site - Mumbai
  • 3 months
  • Project posted on: 27/04/2026
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Consultant - Income Tax Specialist

  • Finance
  • Audit
  • Tax
  • Credit and risk analysis

On-Site - Mumbai

Full Time

3 months

 27/04/2026

Assignment Details

Our client, IT and cybersecurity organisation that manages critical systems and strengthens digital resilience for the central banking ecosystem, is seeking an experienced Income Tax Specialist SME (Subject Matter Expert) who will partner with the  BA teams to design, validate, and implement income tax logic within payroll systems.

 

Key Responsibilities:

 

Tax Requirement Discovery & Functional Elicitation

Partner with the BA team in tax-focused workshops to:

  • Understand current tax computation methodology
  • Identify deviations from standard Income Tax rules
  • Capture special cases (expats, high-income earners, variable pay spikes, etc.)
  • Validate old vs new tax regime handling
  • Understand investment declaration workflows
  • Identify mid-year joining/leaving scenarios

Ask structured questions around:

  • Regime selection logic (old vs new)
  • Tax slabs & surcharge applicability
  • Standard deduction logic
  • Rebate under Section 87A
  • HRA exemption calculation
  • LTA eligibility and carry-forward rules
  • Perquisite taxation
  • ESOP / RSU taxation treatment
  • Gratuity & leave encashment taxability
  • Bonus and arrears tax recalculation
  • Section 89 relief scenarios
  •  Key Value Add: Identify tax computation gaps before payroll build.

 

Translation of Tax Law into System Logic

  • Convert Income Tax Act provisions into:
  • Formula-based configuration logic
  • Slab calculation matrices
  • Dynamic surcharge computation
  • TDS monthly proration logic
  • Projection and annualization algorithms

 

  • Define tax precomputation triggers:
  • Salary revision
  • Variable pay payout
  • Regime switch
  • Investment declaration change
  • Support creation of:
  • Tax computation design documents
  • BRD/FSD inputs
  • Validation matrices

 

Compliance & Risk Governance

  • Ensure compliance with:
  • Income Tax Act
  • CBDT circulars
  • Annual Finance Act updates
  • Validate Form 16 structure mapping.
  • Ensure correct reporting in:
  • Form 24Q
  • TDS returns
  • Salary register
  • Support audit readiness and statutory scrutiny.

 

Implementation & UAT Leadership

  • Define exhaustive tax test cases:
  • High-income surcharge cases
  • Regime change cases
  • Mid-year joiners
  • Full & Final tax adjustments
  • Retro pay tax recalculation
  • Validate parallel tax runs.
  • Sign off on tax accuracy before go-live.

 

Cross-Functional Collaboration

Work closely with:

  • Lead BA/Architect  (requirement structuring)
  • Payroll SME
  • Finance / Taxation Team
  • HR Operations
  • Technology / Product Team

Act as the functional tax authority within the program.

 

Duration: 3 months (Extendable depending on performance)
Location: Mumbai (Navi Mumbai/BKC)

Skills Required

Experience:

 

  • 8–12 years of experience in payroll taxation / corporate tax compliance.
  • Strong knowledge of Indian Income Tax Act (salary taxation).
  • Experience in payroll system implementation (SAP / Oracle / Workday / Ramco / Darwinbox / Custom HRMS).
  • Exposure to Finance Act amendments and tax circular interpretation.
  • CA would be strongly preferred
  • Certification in Direct Taxation
  • Experience in handling corporate TDS compliance 
  • Exposure to statutory audits / tax assessments.
  • Experience in regulated environments preferred

Industry

Professional services - Finance & Accounting

Experience Required:

8+ years

Additional Skills:

  • Direct Taxation
  • SAP
  • Tax compliance
  • TDS compliance
  • Statutory audits
  • payroll system implementation
  • Income Tax Act
  • Tax assessments

No of open positions:

1

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