Akash Kumar

About Akash Kumar

Dynamic and detail-oriented finance professional with 2 years of progressive experience…

Experience

1. Accountant

   RITES Ltd.

   Apr 2025 — Present · Gurugram, IN

   Managed end-to-end foreign and domestic salary processing for multiple countries (USD, INR, and country-specific allowances) across various banks (Axis Bank, Indian Bank) in compliance with company policies and statutory requirements.• Performed SAP payroll postings including journal entries (FICO & HCM T-Codes), payroll posting, vendor payments, bank transfers, and advance recoveries, General Ledger (GL) postings, bank reconciliations, and knock-off entries.• Administered allowances and deductions such as Foreign Allowance (FA), Special Project Allowance (SPA), Vehicle Maintenance Allowance (VMA), Housing/Company Lease accommodations, Festival Advances, Membership fees, Provident Fund (VPF, NPS), and statutory deductions (Professional Tax regime updates).• Processed salary advances, reimbursements, and off-cycle payments while ensuring accurate recovery entries and compliance with HR policies.• Maintained and updated employee payroll data for new joiners, transfers, and salary structure revisions including Basic Pay, HRA rates, city classifications, and allowance entitlements.• Prepared and reconciled bank payment runs for salaries and related transactions, ensuring timely disbursements across various vendor accounts.• Generated and validated HR/Payroll reports and salary certificates (resident/non-resident status) based on government rules for taxation and compliance.• Collaborated with HR and Finance teams to streamline payroll processes and resolve discrepancies in salary and allowance postings.• Ensured accurate SAP data management for payroll, General Ledger accounts, and cost center allocations, contributing to error-free audits.• Coordinated company lease accommodation processes, including rent recovery calculations and HRA deductions per city classification.• calculation of salaries, allowances, deductions, and compliance with statutory requirements.