Karthick Premnath

Payroll professional with progressive experience in Accounts and Payroll management, having built a strong foundation in financial processes before transitioning into specialized payroll operations. I began my career in Accounts, where I developed expertise in financial documentation, salary structures, and statutory compliance, and gradually advanced into payroll management through continuous learning and hands-on experience. Currently responsible for managing end-to-end payroll processing, ensuring accurate salary computation, statutory compliance (PF, ESI, PT, TDS), and timely payroll disbursement across the organization.

Experienced in maintaining payroll records, coordinating with HR and Finance teams, and handling employee payroll queries while ensuring strict confidentiality. Recognized for strong attention to detail, compliance management, and the ability to streamline payroll operations efficiently. My combined exposure to Accounts and HR Payroll functions enables me to support organizational payroll processes with accuracy, accountability, and compliance with statutory regulations.

Manager – Payroll at Eye Foundation Ltd (2024-04 – 2026-03)

• Manage and process monthly payroll for all employees across branches in a timely and accurate manner.
• Verify payroll inputs including attendance, leave records, salary revisions, new joiners, and employee exits.
• Ensure correct calculation of salary, incentives, Bonus, Leave encashments, overtime, deductions, and reimbursements.
• Coordinate with the Finance team for salary disbursement.
• Ensure compliance with PF, ESI, Professional Tax, TDS, and other applicable statutory regulations.
• Prepare and submit statutory returns and ensure timely statutory payments.
• Maintain proper records and documentation for statutory compliance.
• Maintain salary registers, payroll records, and employee payroll files.
• Ensure proper documentation of salary structures, revisions, and deductions.
• Maintain confidentiality of payroll information.
• Process full and final settlement for employees who resign or leave the organization.
• Calculate leave encashment, statutory deductions, and final payable amounts.
• Prepare monthly payroll statements and reports for management review.
• Provide payroll-related information to the Accounts/Finance department for reconciliation.
• Address employee queries related to salary, deductions, pay slips, and tax-related matters.
• Ensure timely sharing of pay slips and other payroll-related documents.
• Provide required payroll records and documents for internal and statutory audits.
• Ensure payroll processes comply with company policies and statutory guidelines.
• Reconciliation of Payroll ledger and PF, ESI, P.TAX, TDS, LWF, Employee loan.

Assistant Manager – Accounts & Payroll at Eye Foundation Ltd (2015-10 – 2024-03)

• Manage and process monthly payroll for all employees accurately and within timelines.
• Ensure proper calculation of salaries, incentives, overtime, reimbursements, and deductions.
• Verify attendance, leave records, and payroll inputs before salary processing.
• Handle statutory deductions such as PF, ESI, PT, TDS, and ensure compliance with applicable laws.
• Coordinate with HR for employee data updates, new joiners, exits, and salary revisions.
• Ensure timely filing and payment of statutory obligations (PF, ESI, TDS, Professional Tax, etc.).
• Maintain records and documentation required for statutory audits and inspections.
• Stay updated with changes in labour laws and payroll regulations.
• Assist in maintaining books of accounts and financial records.
• Review and reconcile payroll accounts with the general ledger.
• Monitor salary provisions, accruals, and expense allocations.
• Support monthly, quarterly, and annual financial closing activities.
• Prepare payroll-related MIS reports for management review.
• Generate salary cost reports, variance analysis, and departmental payroll summaries.
• Provide payroll data for budgeting, forecasting, and financial analysis.
• Support internal and external audits related to payroll and finance.
• Maintain proper documentation for salary records, statutory filings, and payroll registers.
• Ensure adherence to company financial policies and internal controls.
• Address employee queries related to salary, deductions, pay slips, tax declarations, and reimbursements.
• Ensure timely issuance of pay slips, TDS Form 16, and other payroll-related documents.
• Identify opportunities to improve payroll systems and automation.
• Ensure accurate data management in HRMS/payroll software.

Accountant at Sri Krishna Sweets Pvt Ltd (2014-10 – 2015-09)

• Processed and managed payments to suppliers and vendors after verifying invoices and supporting documents.
• Ensured proper documentation and approval of supplier invoices before payment processing.
• Maintained records of vendor accounts and payment schedules. Prepared accounts payable outstanding Statements on a periodic basis.
• Monitored pending payments and coordinated with vendors for reconciliation of balances.
• Maintained proper records of supplier transactions for financial reporting. Performed daily bank Reconciliation by verifying bank statements with accounting records.
• Identified discrepancies in transactions and coordinated with the bank or internal departments to resolve Issues.
• Recorded day-to-day financial transactions and accounting entries in the accounting system.
• Maintained proper financial documentation and supporting records for accounting transactions.
• Assisted in maintaining accurate financial records for internal review and audit purposes.

Accountant at The Eye Foundation (2012-04 – 2014-06)

• Maintained daily accounting entries and financial transaction records in the accounting system.
• Ensured proper recording of financial transactions and maintained supporting documentation.
• Assisted in the preparation of employee salary statements by verifying salary components and deductions.
• Maintained payroll related records and documentation. Maintained daily cash vouchers and supporting Documents for financial transactions.
• Ensured proper documentation and verification of cash-related entries. Handled cash transactions at the hospital cash counter, ensuring proper collection and documentation.
• Maintained records of daily cash collections and deposits.
• Prepared and filed statutory returns including TDS, Provident Fund (PF), and Sales Tax as per applicable regulations.
• Prepared Bank Reconciliation Statements (BRS) by comparing bank records with company financial records.
• Coordinated with clients and vendors for pending payments and financial settlements.

Accounts Executive at Silversta Building Systems (2010-10 – 2012-01)

• Prepared daily bank reconciliation statements to verify company transactions with bank records.
• Ensured accuracy in financial records by identifying and rectifying discrepancies.
• Handled Service Tax related documentation and electronic filing as per statutory guidelines. Maintained Records of tax filings and supporting documents.
• Maintained records related to employee salaries, allowances, and payroll-related accounting entries. Ensured accurate documentation of payroll transactions.
• Maintained financial records and accounting documentation for operational transactions. Assisted in preparation of financial reports when required.

Accounts Assistant at Shumathi Spinning Mills Pvt Ltd (2009-11 – 2010-09)

• Prepared daily operational and financial reports for management review.
• Maintained records related to production and operational activities.
• Prepared invoices and billing documents for customers based on company transactions. Maintained proper records of issued invoices.
• Recorded and maintained cash vouchers for daily financial transactions.
• Ensured proper documentation and verification of vouchers.
• Coordinated with clients and vendors for payment follow-ups and outstanding settlements. Maintained records of pending payments and updated the accounts team.

M.Com in Master of Commerce – Bharathiar University (2009 – 2011)

B.Com in Bachelor of Commerce – KG College of Arts & Science (2006 – 2009)