Accounting & Bookkeeping
Payroll Accounting
Quick answer: Monthly payroll processing with PF, ESI, PT and TDS.
₹4,999
Gujarat offerAll-inclusive · No hidden fees · No bank details required
4.9 (171 reviews)
Why choose FinTax24
- Expert Verified Reviewed by compliance specialists
- Process Checked Accuracy and compliance checks
- Data Secure Secure document handling
- 4.9/5 rated Verified rating from 171+ clients
Audience
Who needs Payroll Accounting?
- Startups and SMEs hiring their first 5 to 100 employees on payroll
- Factories and warehouses with workers covered under ESI and PF Acts
- IT and ITES firms with white-collar employees on TDS under section 192
- Retail and hospitality chains with multi-state staff and state PT obligations
- Businesses expanding headcount who need PF, ESI and PT filings on time
How it works
- 1
Employee Master and Salary Structure
Set up every employee on payroll software with PAN, Aadhaar, UAN, ESI number, bank account and CTC breakup.
- 2
Monthly Attendance and Inputs
Receive attendance, leaves, overtime, incentives and reimbursement inputs from HR by the 25th of every month.
- 3
Payroll Run and Payslips
Run payroll on Indian payroll software, generate payslips and bank transfer file and share with finance for approval.
- 4
PF ECR, ESI and PT Filing
File PF ECR on EPFO portal, ESI contribution on ESIC portal and state professional tax return on the respective portal.
- 5
TDS under Section 192 and Form 24Q
Deduct TDS under section 192 on salary, deposit it by the 7th of next month and file Form 24Q every quarter.
- 6
Full and Final and Form 16
Process exits with full and final settlement and issue Form 16 to every employee after the TDS return is filed.
Timeline
Why file this
Benefits of payroll accounting
- Salary structure with PF 12 percent, ESI 0.75 percent and state PT slabs
- Monthly PF ECR filing on EPFO portal and ESI contribution on ESIC portal
- TDS deduction under section 192 and Form 24Q filing every quarter
- Payslips, salary register and bank transfer file on Indian payroll software
- Full and final settlement, leave encashment and gratuity calculation support
- Reimbursement, incentive and arrears processing with Form 16 generation
Documents required
6 documents needed for payroll accounting.
- Employee master with PAN, Aadhaar, UAN, ESI number and bank account
- Appointment letters, salary structure and CTC breakup for every employee
- Monthly attendance, leave records and overtime or incentive sheets
- Income-tax investment declarations and rent receipts for HRA exemption
- New joiner forms, exit forms and full and final settlement worksheets
- Existing PF, ESI and professional tax challans and registration certificates
DIY vs FinTax24
Why file payroll accounting with FinTax24 instead of doing it yourself.
| Aspect | DIY / Portal | Local Tax Consultant | FinTax24 |
|---|---|---|---|
| Filing time | 7–14 days (typical) | Varies by availability and workload | Monthly cadence |
| Expert review | None | Depends on the consultant | Expert verified on every filing |
| Document check | You self-verify; rejected on portal | Manual review may vary | Pre-verified by our team before submission |
| Support | Email / chatbot | Appointment-based or office hours | WhatsApp + phone, Mon–Sat 10 AM–7 PM IST |
| Pricing | Government fees only | Consultant fee + government fees | Transparent: ₹999 + govt fees |
Frequently asked questions
Which PF and ESI rates do you apply?
We apply PF at 12 percent of basic salary (with the 8.33 percent EPS cap where applicable) and ESI at 0.75 percent employee and 3.25 percent employer as per current rates.
Do you handle TDS under section 192?
Yes, we deduct TDS under section 192 on salary each month, deposit it by the 7th of next month and file Form 24Q every quarter on the TRACES portal.
Which state professional tax slabs do you support?
We support PT slabs for Maharashtra, Karnataka, West Bengal, Telangana, Andhra Pradesh, Tamil Nadu, Gujarat and all other notified states with state-specific returns.
Can you process full and final settlement?
Yes, we process full and final settlement on exits including leave encashment, gratuity calculation, notice pay recovery and Form 16 issuance.
Which payroll software do you use?
We use Indian payroll software such as Zoho Payroll, Keka, GreytHR, Razorpay Payroll or any cloud HRMS you already subscribe to.
What is the per-employee fee?
The recurring fee is billed per active employee per month; onboarding is one-time per entity and covers software setup and PF, ESI and PT registration assistance.
Do you issue Form 16 to employees?
Yes, we issue Form 16 to every employee after the TDS return for the financial year is processed, typically by 15 June each year.
Sources & authority: For regulations on payroll accounting, refer to incometax.gov.in , mca.gov.in .
Last reviewed by: FinTax24 Compliance Desk · Reviewed on:
Related Accounting & Bookkeeping
- Bookkeeping Outsourced bookkeeping on Tally, QuickBooks or Zoho Books. View details →
- Monthly Bookkeeping Monthly book closing with MIS by the 5th of next month. View details →
- Quarterly Bookkeeping Quarterly book closing with management MIS every 90 days. View details →
- Annual Bookkeeping Year-end book closing and annual accounts package. View details →
About FinTax24
ISO 27001 · Startup India · MCA registered- Legal name
- FinTax24 LLP
- Founded
- 2021
- Headquarters
- Palitana, Gujarat, India
- Certifications
- ISO 27001 · ISO 9001 · ISO 22301
- Recognition
- Startup India · MCA registered
- Coverage
- All 33 Gujarat districts + Dadra & Nagar Haveli & Daman & Diu
- Clients served
- 10,000+
- Hours
- Mon - Sat: 10 AM - 7 PM IST
Ready to file Payroll Accounting?
Talk to an expert on WhatsApp. Most consultations are free.