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Quick Answer

What is Monthly Payroll Management in Faridabad?

Monthly Payroll Management — end-to-end salary processing + statutory compliance: EPF + ESI + Professional Tax + TDS u/s 192 + LWF + bonus + gratuity.

Senior Counsel · Same Day · Faridabad

Monthly Payroll Management in Faridabad

Monthly Payroll Management — end-to-end salary processing + statutory compliance: EPF + ESI + Professional Tax + TDS u/s 192 + LWF + bonus + gratuity. Includes payslip generation, bank disbursement, Form 16 issuance, quarterly 24Q filing. NOT MCA/ROC service — operational payroll under EPF Act 1952, ESI Act 1948, IT Act S.192, Payment of Wages Act 1936. Per-employee pricing scaling with company size. Senior payroll specialist + counsel supervised.

Starts From₹2999
Timeline7-10 working days
JurisdictionEPFO + ESIC + CBDT + State PT + Labour Dept
Rating4.9 / 5 ★
Most Engaged Same Day

Engage Monthly Payroll Management

₹2999Starts From · All Inclusive*
Timeline
7-10 working days
Coverage
Faridabad
Jurisdiction
EPFO + ESIC + CBDT + State PT + Labour Dept
Guarantee
Money Back
Starts From
₹2999
↑ Fixed transparent fee
All inclusive · No hidden charges
Delivery
7-10 working days
↑ Guaranteed timeline
Or 100% money back
📍 Jurisdiction
ROC Chandigarh
↑ Haryana
Local expertise · 9L+ businesses
Track Record
4.9 / 5
↑ 2,847 reviews
15+ years senior counsel
Built on
Justice न्याय Compliance अनुपालन Speed गति Transparency पारदर्शिता Dignity गरिमा Excellence उत्कृष्टता Justice न्याय Compliance अनुपालन Speed गति Transparency पारदर्शिता
About This Service

What is Monthly Payroll Management?

Monthly Payroll Management in Faridabad is a critical service for individuals, entrepreneurs, and enterprises operating in Haryana. At Nyaya Grah, we deliver this service under the direct supervision of senior counsel — never juniors masquerading — with complete process transparency and a binding money-back guarantee.

Faridabad, with its 9L+ active businesses and ₹9L+ economic footprint, demands legal infrastructure that is both fast and accurate. Haryana's jurisdictional nuances — including a stamp duty of 7-8% and ₹2,400/yr professional tax — require local expertise that our team brings to every engagement.

Whether you are filing your first application, navigating a complex matter, or seeking specialist counsel, our practice in Faridabad ensures every submission carries the imprimatur of seasoned review. We handle the regulatory machinery — you focus on your business.

What's Included

Your Engagement Includes

Everything required to complete your Monthly Payroll Management in Faridabad — bundled into a single fixed fee.

Salary structure design + CTC breakdown templates
Employee onboarding into payroll (master data + KYC + UAN/IP linkage)
Tax regime advisory (Old vs New) per employee
Form 12BB investment declaration collection + verification
Monthly attendance input + LOP calculation
Variable pay computation (incentive, overtime, reimbursement)
Gross salary computation per employee
Statutory deduction calculations — EPF + ESI + PT + TDS + LWF
Net salary determination + bank file generation (HDFC/ICICI/SBI/Axis format)
Salary disbursement coordination (NEFT/RTGS/IMPS)
Digitally signed payslip generation + email/portal upload
EPF ECR upload + payment by 15th
ESI Challan + payment by 15th
Professional Tax Challan (state-specific deadline)
TDS Challan ITNS 281 — by 7th of next month
Quarterly TDS Return 24Q filing
Annual Form 16 generation + distribution by 15 June
Form 12BA perquisite statement (if applicable)
Bonus computation under Payment of Bonus Act (annual by 30 Nov)
Gratuity provisioning + LIC Group Gratuity coordination
New joiner onboarding + resignation F&F settlement
Minimum wage compliance check (state notifications quarterly)
Payroll software setup + integration (Greythr/Keka/RazorpayX/Zoho)
Statutory records maintenance (Attendance, Wage, Leave, Bonus registers)
Audit support (statutory + internal) for payroll matters
Employee query support (tax planning, salary structure, withdrawals)
Our Method

From Consultation to Delivery

A structured four-step process designed to be transparent, predictable, and accountable at every stage.

I

Consult

Free 30-min consultation with senior partner. Clear quote, timeline, document checklist.

Day 0
II

Engage

Signed engagement letter with fixed fee. Document collection begins.

Day 1
III

Execute

Salary structure setup · employee master · monthly attendance + variable pay · gross-to-net computation · statutory deductions · bank file generation · disbursement.

Day 2-7
IV

Deliver

Payslips + bank disbursement · EPF/ESI/PT/TDS challans · quarterly 24Q · annual Form 16 · bonus + gratuity provisioning · audit support · ongoing retainer.

Final
What to Prepare

Documents Required

A typical checklist. Our team will customize this list during the consultation based on your specific case.

1
Incorporation certificate / partnership deed / trust deed
2
PAN of entity + authorized signatory
3
Audited financial statements (latest)
4
Board / partners / trustees resolution (where required)
5
Director / partner KYC (PAN + Aadhaar)
6
Digital Signature (DSC) of signing director
7
Prior years filing acknowledgments (for compliance continuity)
8
Statutory registers / minutes (for ROC matters)
Local Jurisdiction

Faridabad, Haryana · Key Information

Jurisdictional details relevant to your Monthly Payroll Management in Faridabad.

Multi-Authority Compliance
EPFO + ESIC + CBDT + State PT + Labour Dept
Stamp Duty
7-8%
Professional Tax
₹2,400/yr
State Economy
₹9L+ Cr
Active Businesses
9L+
Key Industries
Automobiles, IT
State Schemes
Haryana EPP
Service Area
Faridabad Metro
Transparent Pricing

What You'll Pay · No Surprises

Fixed professional fees. Government charges quoted separately and disclosed in the engagement letter.

ComponentWhat's IncludedCost
Monthly Payroll Management · Professional FeesSenior counsel · End-to-end serviceAll work above₹2999Fixed
Government FeesAuthority charges, filing feesPass-throughAt ActualsReceipts shared
Stamp Duty (if applicable)Haryana rate: 7-8%As per stateAt ActualsQuoted upfront
GST on Professional Fees18% as per Indian GSTStatutory18%On professional fee

All fees are disclosed in writing on the engagement letter before commencement. Money-back guarantee if we miss the quoted timeline.

Frequently Asked

Questions About Monthly Payroll Management in Faridabad

Answers to questions most often posed by our clients in Haryana.

How much does Monthly Payroll Management cost in Faridabad?

Our professional fee for Monthly Payroll Management in Faridabad starts at ₹2999, all-inclusive. Government fees, stamp duty (7-8% in Haryana), and 18% GST are billed separately at actuals. The complete fee breakdown is disclosed in writing on the engagement letter before work begins.

How long does it take?

The standard timeline for Monthly Payroll Management is 7-10 working days. We provide a written timeline on the engagement letter — if we miss it for reasons attributable to us, our professional fee is fully refunded (binding guarantee).

Do you handle the filing with ROC Chandigarh?

Yes. End-to-end. From document preparation to final filing with ROC Chandigarh and follow-up till certificate issuance — every step is handled by our team in Faridabad. You will receive real-time updates via WhatsApp at every milestone.

Will I speak to a senior partner or a junior?

You will speak to a senior partner with 15+ years of practice. We do not have juniors masquerading as senior counsel. Every consultation, strategic decision, and material communication is conducted by a partner. Routine execution may be delegated to qualified associates — but oversight remains with the partner throughout.

What documents do I need to provide?

A typical checklist includes PAN, Aadhaar, address proof, and service-specific documents. The complete list is customized during your free consultation. We accept digital scans (PDF/JPG) — physical visits to our office are not required.

Do you work across Haryana, or only in Faridabad?

We serve clients across Haryana and all of India — 1,219+ cities. Our jurisdictional expertise for Haryana includes specific knowledge of ROC Chandigarh procedures, Haryana stamp duty (7-8%), and applicable state schemes such as Haryana EPP.

How do I begin?

Simply call +91 7878407950 or message us on WhatsApp. Your first 30-min consultation is complimentary, conducted directly with the senior partner relevant to your matter. You will leave the call with full clarity on cost, timeline, and process — with no obligation to proceed.

Legal Framework

Governing law & authority for Monthly Payroll Management

Every engagement at Nyaya Grah is grounded in the relevant statute. For founders and counsel reviewing this matter, here is the foundation.

Acts & provisions

  • PAYROLL COMPLIANCE INVOLVES MULTIPLE STATUTES (not MCA/ROC):
  • Employees' Provident Funds & Miscellaneous Provisions Act 1952 — EPF deduction + employer contribution
  • Employees' State Insurance Act 1948 — ESI deduction + employer contribution (employees earning ≤ ₹21,000)
  • Payment of Wages Act 1936 — wage payment cycle + permissible deductions
  • Minimum Wages Act 1948 — state-specific minimum wage compliance
  • Income Tax Act 1961 — Section 192 (TDS on salary), Section 17 (perquisites), Form 16 issuance, AIS reflection
  • Payment of Bonus Act 1965 — annual bonus 8.33%-20% of wages for eligible employees
  • Payment of Gratuity Act 1972 — gratuity provision + payment on retirement/separation
  • Maternity Benefit Act 1961 — 26 weeks paid maternity leave
  • State Professional Tax Acts (Maharashtra/Karnataka/WB/AP/TG/Gujarat/MP/TN — NOT applicable in Rajasthan, Delhi, UP, Haryana)
  • Labour Welfare Fund Acts (state-specific)
  • State Shops & Establishments Acts (leave + working hours)
  • Equal Remuneration Act 1976 — gender pay equality
  • Code on Wages 2019 + Code on Social Security 2020 (rules pending — current Acts operative)
  • NOTE: This is OPERATIONAL SERVICE — not under MCA/Companies Act. Compliance is monthly + ongoing.

Issuing authority

MULTIPLE AUTHORITIES coordinated through payroll: EPFO (Provident Fund) · ESIC (Employees State Insurance) · CBDT (TDS on salary, Form 16) · State Commercial Tax Departments (Professional Tax) · State Labour Departments (Minimum Wages, Bonus, Gratuity, Shops Act) · State Labour Welfare Boards · Controller of Wages (Payment of Wages Act enforcement).

Portal / filing channel

MULTIPLE PORTALS coordinated: unifiedportal-emp.epfindia.gov.in (EPF ECR) · esic.in (ESI Challan) · incometax.gov.in + TRACES (TDS payment + Form 16 generation) · State PT portals (mahagst.gov.in / karepass.kar.nic.in / etc.) · State Labour Welfare Fund portals · Banking portals for salary disbursement (BeneNet, ICICI Imobile, SBI CINB). Most companies use payroll software: Greythr, Keka, Zoho People, RazorpayX Payroll, Tally Payroll for unified management.

2026 · Recent changes you should know

NEW TAX REGIME default since FY 2023-24 — employees must explicitly opt for Old Regime. STANDARD DEDUCTION in new regime increased to ₹75,000 (FY 2024-25 onwards). EPF interest rate 8.25% (FY 2023-24). EPF admin charges reduced to 1.16% (from 1.36%) effective 1 Apr 2022. EDLI life cover enhanced to ₹7L. Higher Pension Scheme opt-in deadline passed 30 June 2023. Code on Wages 2019 + Code on Social Security 2020 rules pending notification. Maharashtra PT slab unchanged max ₹2,500/yr. UAN-Aadhaar linking strict enforcement. e-Nomination mandatory. Form 16 fully digital — TRACES generation streamlined. AIS (Annual Information Statement) cross-verification automated — Form 16 must match AIS.

Realistic timeline

What happens, when — phase by phase

No vague timelines. Here's the actual phase-wise breakdown for Monthly Payroll Management in Faridabad.

  1. 01

    Onboarding + Salary Structure Setup

    Day 0-7 (one-time)

    INITIAL SETUP: Salary structure review (Basic + DA + HRA + Conveyance + Special Allowance + Reimbursements + Bonus + Performance Pay), CTC vs Gross vs Net Take-Home mapping, Statutory deductions verification (EPF + ESI + PT applicability), Employee Master Data — name, DOB, joining date, designation, PAN, Aadhaar, UAN (PF), IP Number (ESI), Bank A/c + IFSC, Nominee details, Tax Regime selection (Old vs New). Salary slip template design. Approval workflow setup (HOD → HR → Finance → CFO).

  2. 02

    Monthly Attendance + Variable Inputs

    Day 25-28 of month

    Attendance data import from biometric / HRMS / leave register. LOP (Loss of Pay) calculation, Overtime hours, Variable components (Sales Incentive / Production Bonus / Performance Pay), New Joiners pro-rata, Resignations final settlement, Salary Advances / Loans EMI deductions, Reimbursements (medical / fuel / phone / professional development), Investment declarations updates (Form 12BB).

  3. 03

    Salary Computation + Statutory Deductions

    Day 28-30 of month

    GROSS SALARY computation per employee → DEDUCTIONS: EPF (12% on basic+DA) + ESI (0.75% if ≤ ₹21K) + PT (state-wise) + TDS (Section 192 slab-based) + Loan EMI + Insurance + LWF + Other agreed deductions = NET SALARY. Sanity checks: minimum wage compliance, statutory deduction limits, tax projection vs actual collection. Pay slip generation for each employee.

  4. 04

    Salary Disbursement + Pay Slips

    Day 1-2 of next month

    BANK UPLOAD FILE generated in bank-specific format (HDFC BeneNet / ICICI Imobile / SBI CINB / Axis FTNS). Authorized signatory approval. Bulk transfer via NEFT/RTGS/IMPS. Payslips emailed/portal-uploaded to employees (digitally signed PDF). Bank Statement reconciliation. Cash component (if any) disbursement via vouchers.

  5. 05

    Statutory Compliance Filing (Monthly + Quarterly + Annual)

    Day 5-15 of next month + ongoing

    MONTHLY: (1) TDS Challan ITNS 281 by 7th, (2) EPF ECR upload + payment by 15th, (3) ESI Challan + payment by 15th, (4) PT Challan (state-specific deadline), (5) LWF (if applicable). QUARTERLY: TDS Return Form 24Q by end of next quarter month. ANNUAL: Form 16 to employees by 15 June, Form 24Q Q4 with annexures, Bonus Register (Form C/D under Payment of Bonus Act), Gratuity provision. Annual Reconciliation: AIS/26AS matching, Form 16 with actual deductions.

Transparent cost

What you pay, broken down

Most counsel quote one number. We show you what goes where, so there is nothing to discover later.

ComponentAmountNote
Monthly Payroll Management — 1-10 employees ₹2,999 – ₹4,999/month Full payroll cycle + statutory compliance + payslips
Monthly Payroll Management — 11-50 employees ₹4,999 – ₹9,999/month Per-employee rate ₹150-₹300 typical
Monthly Payroll Management — 51-100 employees ₹9,999 – ₹19,999/month Includes payroll software setup + integrations
Monthly Payroll Management — 100+ employees Quoted on request Custom pricing with dedicated payroll executive
Quarterly TDS Return (24Q) — separate or bundled ₹1,999 – ₹4,999/qtr Often bundled in monthly retainer
Annual Form 16 generation ₹50 – ₹150/employee Often included in retainer; bulk discount available
Initial setup + onboarding (one-time) ₹5,999 – ₹14,999 Salary structure design + master data + statutory registrations check
Payroll software license (Greythr/Keka/RazorpayX) ₹50 – ₹200/employee/month Pass-through to client if used; some bundled in service
Statutory contributions (employer cost) 13.66% + ESI 3.25% + PT + bonus Pure pass-through statutory; not our fee
Late filing damages (EPF S.14B / ESI / TDS interest) As statutory Pass-through; we ensure no defaults
Annual compliance package (Bonus + Gratuity + Audit support) ₹14,999 – ₹49,999/year Optional add-on for audit-ready records

Total estimate from 2999 · final fee depends on entity size, document readiness, and city-specific stamp duty (see local jurisdiction above).

Founder's watchlist

Mistakes that cost time, money, and standing

From hundreds of engagements, here are the patterns that cause founders and businesses to come back to us in distress. Avoid these and you've already won 70% of the matter.

M01

Late EPF/ESI deposit — Section 14B damages + interest

EPF + ESI deadline 15th of next month. Late = EPF S.14B damages (5-100% of arrears) + S.7Q interest (12%) + ESI interest 12% + ₹5,000 daily fine. Common cause: cash flow issues OR negligence. Most expensive payroll mistake — recurring monthly.

M02

Wrong TDS computation u/s 192

TDS on salary u/s 192 — based on employee's annual projected income + declared investments (Form 12BB). Errors: (a) ignoring employee's other income (rent/FD interest), (b) not adjusting for previous employer Form 16, (c) Old vs New regime mistakes, (d) HRA exemption errors (S.10(13A)), (e) standard deduction ₹50K (new regime ₹75K from FY 2024-25). Under-deduction = employer liable for shortfall + 1% interest u/s 201.

M03

PF on wrong wage components

EPF on BASIC + DA + retaining allowance + cash value of food concession. SUPREME COURT 2019 ruling: special allowances paid universally to all employees may be wages for PF purposes. Aggressive structuring (zero basic, all allowances) attracts retrospective demands. Recommended: 50% of CTC as basic minimum.

M04

ESI threshold confusion (₹21,000)

ESI applies to wages ≤ ₹21,000/month. Common errors: (a) gross wages calculation (include all components), (b) crossing threshold mid-month (continues till end of contribution period — April-Sep / Oct-March), (c) excluding allowances incorrectly, (d) treating consultants as employees or vice versa. ESI scope review every 6 months mandatory.

M05

Missing Professional Tax (state-wise)

PT applicable in Maharashtra, Karnataka, WB, AP, TG, Gujarat, MP, TN, Sikkim, Bihar (revival), Meghalaya, Assam, Tripura. NOT applicable in Rajasthan, Delhi, UP, Haryana, Punjab, etc. Multi-state employer needs state-by-state PT registration + monthly/quarterly returns + slab compliance up to ₹2,500/year per employee.

M06

Form 16 issuance deadline missed (15 June)

Form 16 issuance by 15 JUNE each year (Section 203 IT Act). Delay = ₹100/day per employee penalty u/s 272A(2)(g). Employees can't file ITR without Form 16. Cascading impact: employee complaints + Income Tax notices. Form 16 Part A auto-generated by TRACES (TDS return basis); Part B manually prepared.

M07

Bonus calculation errors (Payment of Bonus Act)

Bonus Act applies to: employees earning ≤ ₹21,000/month with 30+ days service. Minimum 8.33%, maximum 20% of annual wages. Calculation: salary capped at ₹7,000 OR minimum wage (whichever higher). Payment by 30 NOV of next FY. Statutory register: Form A (allocable surplus) + Form B (set-on/set-off) + Form C (bonus disbursed). Missed bonus = employee complaint + Labour Court matter.

M08

Gratuity provision not maintained

Gratuity payable on 5+ YEARS continuous service (death/disablement waives 5-yr requirement). Formula: 15 days wage × number of years × (1/26). Cap: ₹20 LAKH (private sector). EMPLOYER'S RESPONSIBILITY: actuarial provision in books + LIC Group Gratuity Trust setup (recommended for 10+ employees). Failure to pay = employee can approach Labour Commissioner + interest at 10%.

M09

Minimum Wage violations (state-specific)

Each state notifies category-wise minimum wages — Skilled / Semi-skilled / Unskilled / Highly Skilled. UPDATE typically every 6 months (April + October). Paying below minimum wage = penalty + back-payment + employee complaint. Some industries have CENTRAL minimum wages (mines, dock workers, scheduled employments).

M10

Wrong tax regime selection (Old vs New)

Default from FY 2023-24: NEW REGIME (lower slab rates, no deductions except standard deduction). Employee must declare regime via Form 12BB. SWITCHING: Salaried employees can switch yearly; business owners once-only. WRONG REGIME = higher TDS deducted OR lower (with shortfall demand). Salary < ₹7L: new regime usually better; salary > ₹15L with home loan + 80C maxed: old regime usually better. Payroll team must verify employee declarations.

Counsel red flags

How to spot the wrong advisor before signing

These are the signals — observed across the profession — that your money and matter are about to be handled poorly. We list them so you can vet anyone, including us.

Deep FAQ

The questions founders actually ask

Not the polished 5 — the 15 that come up in real consultations. Click any to expand.

Q01What does Monthly Payroll Management cover?
COMPREHENSIVE END-TO-END PAYROLL: (1) Salary computation per employee (Gross → Net), (2) Statutory deductions — EPF + ESI + Professional Tax + TDS + LWF, (3) Variable inputs — attendance, LOP, overtime, incentives, reimbursements, (4) Bank salary disbursement (bulk transfer), (5) Payslip generation + distribution, (6) Statutory deposit — EPF ECR + ESI Challan + PT Challan + TDS Challan ITNS 281, (7) Quarterly TDS Return 24Q, (8) Annual Form 16 issuance, (9) Bonus + Gratuity provisioning, (10) Employee queries (tax planning, salary structure, withdrawals). Different from MCA/ROC compliance which deals with corporate filings.
Q02What are statutory deductions in payroll?
EMPLOYEE DEDUCTIONS (from gross salary): (1) EPF 12% — on basic + DA, capped at ₹15K for EPS portion. (2) ESI 0.75% — if gross ≤ ₹21,000/month. (3) PROFESSIONAL TAX — state-wise (Maharashtra max ₹2,500/yr, Karnataka similar, etc., NOT in Rajasthan/Delhi/UP/Haryana). (4) TDS u/s 192 IT Act — slab-based on annual projected income. (5) LWF — state-wise (₹6-12/month typical). (6) LOAN EMI / SALARY ADVANCE if applicable. EMPLOYER STATUTORY: EPF 12% (split EPS+EPF) + 1.16% admin + 0.5% EDLI + ESI 3.25% (if applicable). Plus annual: bonus, gratuity provision.
Q03How is TDS on salary calculated u/s 192?
TDS u/s 192 IT Act based on EMPLOYEE'S PROJECTED ANNUAL INCOME + DECLARED INVESTMENTS. STEPS: (1) Compute annual gross salary, (2) Add other income declared (rent, interest — optional), (3) Apply standard deduction ₹50K (old) or ₹75K (new regime FY 2024-25), (4) Apply HRA exemption u/s 10(13A) if rent paid, (5) Apply Chapter VIA deductions if Old Regime (80C ₹1.5L, 80D, 80G, etc.), (6) Apply slab rates (Old vs New based on employee declaration in Form 12BB), (7) Add cess 4%, (8) Divide annual tax by 12 months → monthly TDS. ADJUSTMENT for previous employer Form 16. Final reconciliation in March.
Q04Old vs New Tax Regime — what to advise employee?
NEW REGIME (DEFAULT since FY 2023-24): Lower slab rates, NO deductions allowed (except Standard Deduction ₹75K FY 2024-25, NPS employer contribution, EPF). OLD REGIME: Higher slab rates BUT all deductions allowed (80C ₹1.5L, 80D, 80G, HRA, LTA, home loan interest u/s 24, etc.). RULE OF THUMB: Income < ₹7L → New Regime usually better. Income ₹15L+ with home loan + 80C maxed + HRA → Old Regime usually better. SALARIED can switch ANNUALLY (declare in April/Form 12BB). BUSINESS OWNERS once-only switch. Calculate both: at start of FY → declare → payroll adjusts TDS accordingly.
Q05What is the difference between CTC, Gross, and Net Salary?
CTC (Cost to Company) = TOTAL EMPLOYER COST including employer contributions (EPF 12%, EPS 8.33%, gratuity provision 4.81%, leave encashment, bonus, insurance premium, employer-borne perks). GROSS SALARY = sum of all PAID COMPONENTS to employee (basic + DA + HRA + special allowance + bonus + reimbursements + variable pay). NET SALARY (Take-home) = Gross MINUS Employee deductions (EPF 12% + ESI 0.75% + PT + TDS + LWF + loan EMI + insurance). EXAMPLE: CTC ₹10L → Gross ₹9L (after employer contributions) → Net ~₹7-7.5L (after employee deductions + TDS). Employees often confuse CTC with take-home — clear communication helps.
Q06When is Form 16 issued and what does it contain?
FORM 16 ISSUED BY 15 JUNE EACH YEAR for previous financial year (Section 203 IT Act). MANDATORY for: employees from whom TDS deducted on salary. PART A: TDS deducted + deposited details, auto-generated by TRACES (income tax portal); employer downloads after filing Q4 TDS return 24Q. PART B: Salary breakup, deductions (Chapter VIA), tax computation, regime selected, exemptions claimed. MANUAL by employer/payroll vendor. Used by employees for ITR filing, loan applications, visa documentation. ZERO TDS employees: Form 16 not mandatory but Form 12BA (perquisites) + salary certificate recommended. DELAY = ₹100/day per employee penalty u/s 272A(2)(g).
Q07What payroll software should I use?
OPTIONS by company size: (1) SMALL (1-20): Tally Payroll, Zoho Payroll, RazorpayX Payroll — ₹0-100/employee/month. (2) MID (20-200): GREYTHR, KEKA, Zoho People, Saral PayPack, Pocket HRMS — ₹50-200/employee/month. (3) LARGE (200+): PEOPLESTRONG, Adrenalin, SAP SuccessFactors, Oracle HCM — custom pricing. KEY FEATURES to look for: (a) Statutory compliance automation (EPF ECR, ESI, PT, TDS), (b) Form 16 generation, (c) Biometric / HRMS integration, (d) Bank file format support, (e) Employee self-service portal, (f) Multi-state PT handling, (g) Investment declaration workflow. Free trials always recommended before commitment.
Q08How to handle employee resignation in payroll?
FULL & FINAL (F&F) SETTLEMENT: (1) Final attendance + pending leave encashment, (2) Notice period adjustment (recovery if shortfall OR payment in lieu), (3) Pro-rata salary for partial month, (4) Pro-rata bonus + gratuity (if 5+ years), (5) Tax computation till exit date + Form 12B reconciliation, (6) STATUTORY DUES: deposit EPF + ESI for final month, (7) PF: provide details for transfer/withdrawal via UAN portal, (8) ISSUE Experience Letter + Salary Certificate + Last 3 months payslips + Form 16 (after FY-end), (9) NO-DUES from departments (IT, Admin, Finance). TIMELINE: F&F within 30-45 days of last working day (some state Shops Acts mandate 7 days).
Q09What records must employer maintain?
STATUTORY RECORDS (5-7 years minimum, some 10 years): (1) ATTENDANCE REGISTER (electronic OR physical). (2) WAGE REGISTER (Form J/L state-wise). (3) LEAVE REGISTER (annual + sick + casual). (4) DEDUCTION REGISTER (statutory + other). (5) BONUS REGISTER (Form C/D Payment of Bonus Act). (6) MUSTER ROLL — daily. (7) OVERTIME REGISTER. (8) ADVANCE / LOAN REGISTER. (9) EMPLOYMENT REGISTER (Shop Act). (10) Form 16 + 24Q + ECR copies. INSPECTION: Labour Department, EPFO, ESIC, IT Department can demand records. DIGITAL records now permitted in most states. Recommended: cloud-based HRMS with audit trail.
Q10In-house payroll vs Outsourced — which is better?
IN-HOUSE: Pros — direct control, immediate query response, data privacy. Cons — fixed HR/Finance staff cost ₹3-8L/year, training burden, statutory expertise gap, software cost, error risk. SUITABLE for: 100+ employees, large HR team. OUTSOURCED: Pros — expert handling, cost predictability (₹3-20K/month based on size), no staff overhead, statutory expertise, software included, audit-ready records. Cons — slight latency in query response, data sharing concerns (mitigated with NDA). SUITABLE for: < 100 employees, startups, MNCs without local HR. HYBRID: In-house HR + outsourced payroll processing — popular model. Recommendation: outsource until 50-75 employees, then evaluate in-house with payroll-specific senior hire.
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