Hello!

We provide extensive high-quality and cost-efficient Finance & Procurement services from purchasing to the processing of outgoing payments, Cash allocation, Fixed Assets accounting, Accounts reconciliation and Closing & Reporting. We work with a strongly integrated system and a highly automated processing environment and digital workforce.

Our customers receive innovative, easy-to-use services. We deliver maximum value to the business by driving process optimization and digitalization using our ambitious approach, and we support our customers’ current and future business requirements with the help of our high level of process and automation competency.

Position Overview:

To ensure compliance with Income Tax Act provisions related to Tax Deducted at Source (TDS) by conducting periodic audits, reviewing transactions, identifying compliance gaps, and supporting timely correction and reporting of TDS-related issues.

You’ll make a difference by:

TDS Compliance Review

• Review vendor invoices, and other payment transactions for correct TDS applicability.
• Verify correct TDS sections, rates, thresholds, and exemptions.
• Ensure adherence to Income Tax Act and applicable amendments.

TDS Audit Activities

• Perform vendor invoice TDS audits on daily basis.
• Identify instances of short deduction, non-deduction, or excess deduction of TDS.
• Conduct risk-based reviews of high-value transactions
• Prepare audit observations and recommend corrective actions.

Issue Resolution

• Coordinate with Accounts Payable, Tax, and Business teams to resolve TDS discrepancies.
• Monitor closure of audit findings.
• Assist in responding to internal and statutory audit queries.

Process Improvement

• Identify process gaps and recommend controls to improve TDS compliance.
• Develop and maintain SOPs and checklists.
• Support automation and standardization initiatives in TDS processes.

Your success is grounded

• Bachelor's degree in Commerce, Finance, Accounting, or related field.
• 2+ years of experience in TDS compliance, taxation, audit, or accounting processes.
• Strong knowledge of TDS provisions under the Income Tax Act.
• Understanding of Sections 192, 194C, 194H, 194I, 194J, 194Q, etc.
• Experience in TDS return filing and reconciliations.
• Proficiency in Excel (Pivot Tables, VLOOKUP/XLOOKUP, Power Query preferred).
• Analytical and problem-solving skills.
• Strong stakeholder management and communication skills.

Key Performance Indicators (KPIs)

• TDS compliance accuracy rate.
• Number of audit observations identified and resolved.
• Timely completion of audit reviews.
• Reduction in short/non-deduction cases.
• On-time filing and reconciliation of TDS returns.
• Successful closure of audit findings within agreed timelines.

Join us and be yourself!

This role is based in Bangalore, where you’ll get the chance to work with teams impacting entire cities, countries – and the shape of things to come.

We’re Siemens. A collection of over 312,000 minds building the future, one day at a time in over 200 countries. We're dedicated to equality, and We encourage applications that reflect the diversity of the communities we work in. All employment decisions at Siemens are based on qualifications, merit and business need. Bring your curiosity and creativity and help us shape tomorrow.