The key principles that should be considered when taking action in relation to employee benefits and labor laws in Delhi, India include compliance with local regulations and laws, fairness and equity in benefit distribution, transparency in communication regarding benefits, and adherence to ethical practices in handling employee benefits. By ensuring adherence to these principles, organizations can create a positive work environment, build trust with employees, and mitigate legal risks associated with non-compliance. It is essential for employers to stay updated on the latest developments in labor laws and benefit regulations in Delhi to ensure they are providing their employees with fair and competitive benefits packages.