Accounting & Payroll Services in Delhi
Bookkeeping, GST and TDS reconciliation, monthly MIS and payroll with PF, ESI and professional tax — kept in line with the Labour Codes and the Income-tax Act, 2025.
Quick answers
What does outsourced accounting cover?
Recording of sales, purchases, expenses, bank and cash transactions; bank, GST and TDS reconciliations; ledger scrutiny; fixed asset and depreciation records; and month-end reports such as profit and loss, balance sheet, receivables and payables, prepared so that returns and audits can be completed from the same books.
What statutory deductions does payroll involve?
Provident Fund (12% of PF wages by employee and employer, with the employer share split between EPF and EPS), ESI for employees earning up to Rs 21,000 a month (0.75% employee, 3.25% employer), professional tax in states that levy it (not Delhi), labour welfare fund where applicable, and TDS on salary under Section 192 (Section 392 from 1 April 2026).
How does SKAG and Associates handle accounting and payroll?
The firm agrees a monthly calendar with the client, collects bank statements, invoices and attendance inputs, records and reconciles transactions, computes salaries and statutory deductions, prepares challans and returns for PF, ESI, PT and TDS, and shares monthly reports and payslips.
What our Accounting and Payroll service covers
How the engagement works
Documents required
- → Bank statements (monthly)
- → Sales invoices and credit / debit notes
- → Purchase bills and expense vouchers
- → GST, TAN, PF, ESI and PT registration details
- → Previous year audited financial statements and trial balance
- → Employee master: PAN, Aadhaar, UAN, IP number, bank details
- → Appointment letters and salary structures
- → Monthly attendance, leave and overtime records
- → Employee investment declarations (Form 12BB / Form 124)
- → Loan, asset purchase and lease agreements
Accounting and payroll: key rules and due dates
Books of account
Businesses and professionals whose income or turnover crosses the limits in the Income-tax Rules must maintain books of account; companies must maintain books on an accrual basis under Section 128 of the Companies Act, 2013, and must use accounting software with an audit trail (edit log) that cannot be disabled. GST law separately requires accounts and records to be kept at the principal place of business. Well-kept monthly books make the GST return, TDS return and audit work quicker and more reliable.
Payroll contributions (central laws)
| Item | Rule | Due date |
|---|---|---|
| Provident Fund | 12% of PF wages by employee and 12% by employer (8.33% of the employer share to EPS up to the wage ceiling). Wage ceiling Rs 25,000 a month from 17 September 2026 (Rs 15,000 earlier). Admin charge 0.50%, minimum Rs 500 per establishment. | 15th of the following month (ECR) |
| ESI | Employees earning up to Rs 21,000 a month (Rs 25,000 for persons with disabilities): 0.75% employee, 3.25% employer. | 15th of the following month; half-yearly returns |
| Professional tax | State levy. Not levied in Delhi; rates and dates vary in other states. | As per state law |
| Salary TDS | Section 192 up to 31 March 2026; Section 392 of the Income-tax Act, 2025 (codes 1001 / 1002) from 1 April 2026. | 7th of the following month (30 April for March) |
| Quarterly salary TDS statement | Form 24Q; Form 138 for Tax Year 2026-27. | 31 Jul, 31 Oct, 31 Jan, 31 May |
| PF annual return | Forms 3A / 6A where still required. | 30 April |
Late PF payments attract interest and damages (1% per month under the current rules); ESI delays attract interest and damages of 5% to 25%. Use the labour due date calendar for the full list, including state items.
Labour Codes and salary structures
The Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 took effect on 21 November 2025. Points that affect payroll include:
- A single definition of wages. Where excluded allowances exceed 50% of total remuneration, the excess is added back to wages, which affects PF, gratuity and bonus calculations.
- Fixed-term employees become eligible for gratuity after one year of continuous service.
- Working hours of 8 a day and 48 a week under the OSH Code, with overtime at twice the ordinary rate; the Delhi Shops and Establishments Act allows up to 9 hours a day.
- Timely payment of wages and issue of wage slips, and a national floor wage (not yet notified) below which state minimum wages cannot be fixed.
The firm reviews salary structures against these rules and the applicable minimum wages before payroll is run.
Changes from 1 April 2026 for payroll and accounts
Payments on or after 1 April 2026 must be recorded with the new Income-tax Act, 2025 sections and payment codes: salary under Section 392, most other TDS under Section 393 (for example, contractors 1023 / 1024 and rent 1008 / 1009), Form 16 replaced by Form 130, Form 16A by Form 131, and the investment declaration Form 12BB by Form 124. Accounting and payroll software masters should be updated accordingly; the section finder lists the mappings.
Accounting and Payroll for clients in New Delhi & Delhi NCR
SKAG and Associates is a firm of Chartered Accountants based at Kh.No-84, Plot No -RZ-I-1, F/Floor, 12/2, Main Rd, opposite Yammaha Showroom, Mahavir Enclave, New Delhi – 110045. We provide accounting and payroll and allied compliance support to individuals, professionals, firms and companies across New Delhi, South West Delhi and the wider Delhi NCR region, as well as clients elsewhere in India who engage us remotely.
Engagements are conducted strictly in accordance with the Chartered Accountants Act, 1949 and the ICAI Code of Ethics. To discuss your requirement, you are welcome to contact the office or call +91 88022 54567 during working hours (Mon–Sat, 10:00 AM–7:00 PM).
Frequently asked questions
Can you work in our existing accounting software? +
Yes. The firm can work in the software you already use, such as Tally or a cloud accounting package, through shared or remote access, or maintain the books in its own licensed software and share reports and backups with you.
Is PF compulsory for a small business? +
PF applies to establishments with 20 or more employees; an establishment with fewer employees can register voluntarily. Once covered, it remains covered even if the headcount later falls below 20. Employees earning above the wage ceiling can be enrolled as members at the time of joining if the employer and employee agree.
When does ESI apply? +
ESI generally applies to establishments with 10 or more employees in notified areas. Contributions are payable for employees whose wages are up to Rs 21,000 a month (Rs 25,000 for persons with disabilities). Delhi is a notified area.
Do we need to deduct professional tax in Delhi? +
No. Delhi does not levy professional tax. If you have employees in states such as Maharashtra, Karnataka or West Bengal, professional tax registration, deduction and returns under that state's law are needed for those employees.
How do the Labour Codes change our salary structure? +
The main change is the common definition of wages: if allowances excluded from wages exceed 50% of total pay, the excess counts as wages. This can increase PF contributions and gratuity. Salary structures that keep basic pay low with large allowances should be reviewed.
What records does the firm need each month for payroll? +
New joiners and exits with their KYC details, attendance and leave, overtime, any salary revisions, reimbursement claims, and employee tax regime choices and investment declarations. These are shared by an agreed date so that salaries and challans can be prepared on time.
Why reconcile GST and TDS every month rather than at year end? +
Input tax credit depends on suppliers reporting invoices in their returns, and TDS credit for your customers depends on your quarterly statements. Monthly reconciliation finds missing invoices, wrong GSTINs or PANs, and short deductions early, when they can still be corrected in the next return.
Questions about Accounting and Payroll?
You may contact CA Gaurav Singh to discuss your specific facts and requirements.
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