Overview
Running payroll in-house takes time and carries compliance risk, as errors in TDS, PF or ESI can lead to interest and penalties. TaxBucket manages end-to-end payroll, from attendance inputs to salary disbursal files, payslips, statutory deductions and returns. We also design tax-efficient salary structures and advise on choosing between the new and old tax regimes under the Income-tax Act, 2025.
Who needs it?
- Startups and SMEs without an in-house payroll team
- Businesses scaling their headcount
- Employers wanting tax-efficient salary structures
- Salaried individuals and business owners seeking tax planning
Key benefits
- Accurate and timely salary processing
- Full compliance with TDS, PF, ESI and professional tax
- Lower tax outgo through legal planning
- Confidential handling of salary data
- Saves management time and cost
Documents required
Checklist: keep these ready
- Employee master data (PAN, Aadhaar, bank details, joining date)
- Salary structure and CTC details
- Monthly attendance and leave data
- Investment declarations and proofs from employees
- Existing PF, ESI and TAN registration details
Step-by-step process
- 1
Step 1
Review existing salary structures and compliance
- 2
Step 2
Set up the payroll calendar and employee master
- 3
Step 3
Monthly processing: salary, deductions and payslips
- 4
Step 4
Deposit TDS, PF, ESI and professional tax
- 5
Step 5
File quarterly TDS returns and issue TDS certificates
- 6
Step 6
Year-end tax planning and proof verification
Key facts: fees, timelines, due dates and penalties
- 1The new tax regime is the default; employees can choose the old regime where permitted
- 2Under the new regime for FY 2025-26, income up to Rs 12 lakh is effectively tax-free due to rebate (Rs 12.75 lakh for salaried with standard deduction)
- 3Salary TDS certificate (formerly Form 16) is now Form 130 under the Income-tax Act, 2025
- 4TDS must be deposited by the 7th of the following month (30 April for March)
Why choose TaxBucket for Payroll and Tax Planning?
- 14+ years of experience in tax, GST, MCA and legal compliance
- ISO 9001:2015 certified company with a team of tax and compliance professionals
- Transparent pricing with no hidden charges
- End-to-end online process with a dedicated expert and regular status updates
- Office in South West Delhi; serving clients across India
Frequently asked questions
Which tax regime is better, new or old?
It depends on your deductions. The new regime has lower rates and fewer deductions; the old regime may suit people with large eligible deductions. We compare both for you.
What is Form 130?
Form 130 is the salary TDS certificate under the Income-tax Act, 2025, which replaced Form 16 from tax year 2026-27.
Can payroll be outsourced for a small team?
Yes. Payroll outsourcing works well even for businesses with just a few employees.
What statutory deductions are made from salary?
TDS on salary, employee PF, employee ESI (if applicable) and professional tax (in states that levy it).
Get expert help with Payroll and Tax Planning today
Call +91 7838-000-475 or send your enquiry and our expert will get back to you.