Top 10 Payroll Software in india for Startups to Enterprises 2024

Best payroll software India

Finding the Best Payroll Management Software in India is a game changer for businesses irrespective of their size & niche. However, most business people have a myth that investors alone can take their business to the peak. Catching the interest of multiple investors for small and medium-sized enterprises (SMEs) is a step towards overall business growth. Yet, with the development of the business, handling the logistics part has become chaotic and messy. Here is when the Best Payroll Software in India comes to your rescue. It takes away a lot of manual effort by HR and payroll professionals, such as salary disbursement, payslip generation, tax calculation, etc. According to the source, India’s payroll software and Human resources management system (HRMS) market has been forecasted to expand at the rate of 26.16% CAGR till the end of 2029. According to this source, the global market of payroll software services has been predicted to grow at a rate of 3.2% CAGR by 2028. It comes to around $80.97 billion. The primary reasons behind this sudden growth are:

  • Unmanageable complexities in manual payroll processing.
  • Increasing globalization.
  • The development of small and medium enterprises (SMEs).

In this blog, let’s learn more about payroll software and its benefits, features, and importance.

What is  Payroll software?

Payroll software is either a cloud-based or an on-premises software application that automates, handles and organizes employee payment. With the help of effective payroll management software, companies get cost-effective solutions, less manual load, and 50x speed up everyday payroll tasks. The time saved by HR professionals can be further focused on planning, budgeting, and other critical areas of the company. On the other hand, employees can easily access their crucial payments & benefit-related information through the software itself. According to the source, ‘TOI Business,’ INR 5000/- penalty is charged to the company for not filing ITR (Income Tax Returns) on time as it has become mandatory under section 139, subsection (1) of the Income Tax Act.  On the whole, organizations of different sizes use payroll software to help them adhere to financial regulations and ensure compliance with tax laws.

Benefits of Payroll systems

The payroll system has several benefits in every type of business today, such as error-free data, accuracy, compliance with laws, etc. Here, we have mentioned a detailed overview of the benefits of a payroll management system:

 

Effective Time Management: Manual payroll processing is a huge time eater, leading to inefficiency and errors in the system. With the proper payroll system, you can save time for HR, payroll, and other finance professionals. The payroll software effectively manages time as 90% of the tasks, such as tax calculation and salary distribution, get automated.

 

Optimised Data Security: The payroll data comprises employees’ sensitive information such as their bank card numbers, salary details, addresses, social security numbers, bars, etc. Such data is prone to attacks from third parties. Effective payroll software ensures that payroll data is 100% safe & encrypted and allows only confidential access with multi-factor authorization.

 

Employee Self-Service: In manual payroll processing, employees must coordinate with payroll admins to access their payroll information. It wasted the time of payroll professionals & caused a huge communication gap between employees & employers. Thanks to the payroll software that provides instant access to self-service portals. Employees can view their payroll data, such as tax forms, pay slips, w-2 forms, and other information, without coordinating with payroll professionals.

 

Real-Time Analytics: The best payroll software in India provides real-time analytics & insights and helps generate various types of reports. It allows managers to track employee payments wisely, view accurate time & attendance records, etc. Through this benefit, employers can generate multiple reports on productivity, labor cost, and ongoing payroll trends & patterns. It improves decision-making & allows businesses to prepare for future payroll-related risks beforehand financially. 

 

Enhanced Efficiency and Accuracy: Processing payroll activities in the traditional ways creates errors leading to inaccurate & inefficient outcomes. Such mistakes in tax deductions, salary calculation, data entry, etc, are removed by an HR payroll software due to minimal human intervention.

 

Compliance with State Laws: Manual handling of payroll data led to legal obligations & heavy penalties due to improper calculation, late tax filing, and non-adherence to the recent tax laws. Payroll software insurance complies with the newest laws regarding state, labor, and tax regulations.

HR Software in India

Feature of  Payroll software

Payroll software has various features such as integration, compensation management, tax filing, customization, etc. Below are the features of payroll software:

 

Compensation Management: Providing the proper pay, regular benefits, and compensation to deserving employees needed to catch up in the manual payroll processing. The top payroll systems solve such problems with the latest compensation management tools. With the help of these tools, employers can smoothly allocate and manage the entire budget allocation process. Such a feature ensures competitive pay, additional bonuses, and other rewards to the most deserving candidate, resulting in employee retention. 

 

Personalized Customization: Different businesses have different payroll requirements. Therefore, payroll software offers personalized customization in its uniquely designed system for every business. This means you can add or modify specific features based on the number of employees and current business needs. 

 

System Applications Integration: Manual payroll processing required physical coordination with different departments and was time-consuming. The payroll software solved this problem by integrating different platforms, such as time & attendance tracking, account management, leave management, etc., at one central location. It increases the efficiency, accuracy, and productivity of the company and the employees.

 

Tax filing: Manually staying updated with the regular changes in tax laws is nearly impossible. Payroll software comes to the rescue by automatically updating all the changes in the tax rates and related labor laws. Due to this, your tax filing process becomes simple, and ample time is saved that was previously wasted on calculating deductions. 

 

Expense Management: Tracking every reimbursement manually is a difficult task. Therefore, the best payroll system in India is integrated with expense management to simplify the entire process. It keeps track of every reimbursement-related record on its central automated platform, such as lodging expenses, recharge bills, travel expenses, etc. This further makes it easier to retrieve the expense reports whenever needed. 

 

Direct Deposit: Safety-related issues occur more often in manual payroll processing, which causes employees to run back to the payroll administrators. The automatic payroll software solved this issue through a direct deposit feature that instantly generates payslips whenever salary is disbursed in the employees’ bank accounts. It helps employees to view their overall taxes and other payroll-related deductions from their wages.

Exploring the Role of HR Payroll Management Systems

In the manual payroll processing, 49% of employees started looking for new job roles after not getting paid on time, as per the source ‘The workforce institution of Kronos.’ Thus, the increased employee turnover rate highlighted the role of HR payroll management systems. Handling employee details and salaries manually has always been chaotic, regardless of company size. Therefore, the HR department and payroll department work closely hand in hand, and this integration has been possible through the HR payroll management system. The role of HR payroll management software is to streamline, simplify, and automate all the HR & payroll tasks. It calculates and releases employees’ salaries automatically in their respective bank accounts. Moreover, it takes care of the loans, payment slip generation, allowances, exact deductions, bonuses, encashment of leaves, & net payable amount to the employees. As a result, the overall performance of the system gets optimized with minimal scope of errors due to reduced human intervention.

How can Best Payroll software help small Business in India?

Payroll software can offer several benefits to small and medium-sized businesses (SMBs), addressing various needs and challenges they face:

 

Automation of Payroll Processes

Payroll software automates the calculation of wages, salaries, bonuses, taxes, and deductions based on predefined rules. This reduces manual errors and ensures timely payments.

 

Time Savings

Automating payroll processes saves significant time compared to manual calculations and paperwork. It allows HR and payroll teams to focus on strategic tasks rather than administrative duties.

 

Accuracy and Compliance

Payroll software helps ensure accuracy in payroll calculations and compliance with tax laws, labor regulations, and reporting requirements. This reduces the risk of penalties and legal issues.

 

Direct Deposit and Payment Options

Many payroll software solutions offer direct deposit capabilities, enabling businesses to pay employees electronically. This is convenient for both employers and employees, eliminating the need for physical checks.

 

Employee Self-Service

Employees can access their payroll information, such as pay stubs and tax forms, through self-service portals. This reduces the administrative burden on HR and empowers employees to manage their information.

 

Integration with Other Systems

Payroll software often integrates with other HR systems, accounting software, time-tracking tools, and benefits administration platforms. This seamless integration improves data accuracy and eliminates redundant data entry.

 

Reporting and Analytics

Payroll software provides comprehensive reporting capabilities, allowing businesses to generate various payroll reports, analyze payroll data trends, and gain insights into labor costs and workforce analytics.

 

Data Security

Payroll software enhances data security by storing sensitive payroll information securely, adhering to industry standards and regulations. This protects employee data from unauthorized access and breaches.

 

Scalability

Payroll software is scalable, accommodating business growth and changes in workforce size. Whether adding new employees, locations, or payroll complexities, the software can adjust to meet evolving needs.

 

Cost Savings

While there is an initial investment in payroll software, it often results in cost savings over time. It reduces labor costs associated with manual payroll processing, minimizes compliance risks, and optimizes operational efficiency.

HR Software in India

Top 10 Payroll Software in India

Zimyo Payroll Software

Zimyo Payroll Software

Zimyo is the Best Payroll Software provider in India with a robust solution designed to simplify HR and payroll management for businesses. It automates payroll calculations, tax deductions, and compliance tasks while offering employee self-service features like leave management and expense claims. With intuitive interfaces for both administrators and employees, Zimyo enhances efficiency by centralizing HR processes and ensuring accurate payroll processing.

Price: Starting at INR 25,000 annually

Rating: 4.5/5

ZOHO HR Software

Zoho Payroll Software

Zoho Payroll Software is a user-friendly platform designed to streamline payroll processing for small to medium-sized businesses. It offers automated payroll calculations, tax filing, and compliance management to ensure accurate and timely payments. Zoho Payroll integrates seamlessly with other Zoho applications, allowing for easy access to employee data and financial records. It also features employee self-service options for leave management, expense claims, and accessing payslips. With its intuitive interface and comprehensive features, Zoho Payroll simplifies HR operations and enhances organizational efficiency.

Price: Starting at INR 9,000 annually

Rating: 4.4/5

greytHR payroll Software

greytHR Payroll Software

greytHR is the Best HR and Payroll Software in India with a versatile tool tailored for Indian businesses, offering comprehensive HR and payroll management solutions. It automates payroll processes, including salary calculations, tax deductions, and statutory compliance, ensuring accuracy and efficiency. greytHR facilitates employee self-service with features for leave management, expense claims, and attendance tracking, empowering employees while reducing administrative burden. The software integrates seamlessly with other HR systems and provides real-time insights through customizable reports and analytics. With its user-friendly interface and robust capabilities, greytHR enables businesses to streamline operations and focus on strategic initiatives.

Price: Starting at INR 8,000 annually

Rating: 4.3/5

Qandle HR & payroll software

Qandle Payroll Software

Qandle Payroll Software is a modern HR and payroll management solution designed for businesses looking to streamline their administrative processes. It offers automated payroll processing, including calculations for salaries, taxes, and deductions, ensuring compliance with local regulations. Qandle features intuitive self-service portals for employees to manage their leave requests and expense claims and access pay slips conveniently. The software provides real-time analytics and reporting tools to help businesses gain insights into their workforce data and make informed decisions. With its user-friendly interface and scalable features, Qandle enhances operational efficiency and empowers HR teams to focus on strategic initiatives.

Price: Starting at INR 15,000 annually

Rating: 4.2/5

HROne payroll software

HROne Payroll Software

HROne Payroll Software is a comprehensive solution designed to simplify HR and payroll management for businesses. It automates payroll processes such as salary calculations, tax deductions, and compliance with local regulations, ensuring accuracy and efficiency. HROne offers employee self-service features for leave management, expense claims, and accessing payslips, thereby reducing administrative workload. The software integrates seamlessly with other HR systems. It provides customizable reports and analytics to track and analyze employee data effectively. With its user-friendly interface and robust functionalities, HROne Payroll Software helps organizations streamline operations and improve overall HR management.

Price: Starting at INR 20,000 annually

Rating: 4.1/5

Pocket HRMS payroll software

Pocket HRMS Payroll Software

Pocket HRMS Payroll Software is a versatile tool designed to streamline HR and payroll processes for businesses of all sizes. It offers comprehensive payroll management capabilities, automating tasks such as salary calculations, tax deductions, and compliance with local regulations. Pocket HRMS features employee self-service portals for leave management, expense claims, and accessing payslips, empowering employees and reducing administrative workload. The software integrates smoothly with other HR systems and provides real-time insights through customizable reports and analytics. With its user-friendly interface and scalable features, Pocket HRMS enhances operational efficiency and supports strategic HR management decisions.

Price: Starting at INR 18,000 annually

Rating: 4.0/5

Importance of Payroll management software

The HR payroll software holds a special place in the Human Resource Industry. Companies suffered big-time losses while handling payroll tasks manually. With the maximized manual human intervention, there was a significant delay in the salary distribution process. The disbursed salaries needed to be more accurate, leading to employee dissatisfaction & early withdrawal from their work. This caused disputes between employee-employee and employer-employee, leading to legal issues due to non-compliance with tax regulations. According to the source ‘Clutch,’ the count of small businesses that work on the traditional payroll systems, i.e., through papers, pens, and registers, is 25%. The worst part is that 45% of small businesses must hire a bookkeeper or a payroll accountant, even while handling payroll operations manually. These stats are alarming.

 

Therefore, having effective cloud payroll software is the need of the hour to ensure correct salary disbursement, accurate tax calculation, compliance with Payroll laws, and high-end productivity. The best part is that small to medium enterprises working hard for growth can save a vast amount of money on hiring payroll professionals for tax calculation or salary distribution. The best payroll software offers cost-effective solutions through its cloud-based, integrated, and automated platform, minimizing the need for payroll administrators.

Best payroll software for small businesses in India

Hundreds of Best payroll software for small businesses in India have unique capabilities and offerings. Some of the most popular cloud payroll software are Keka, HR One, Darwinbox, etc. With top-notch ratings and years of excellence, keka hr payroll software stands ahead of others, especially for small and medium enterprises (SMEs). It offers 360° HR payroll software solutions from timely salary distribution to accurate calculation of taxes. It seamlessly integrates with other platforms for hassle-free operations. On the whole, the best payroll software is the one that efficiently handles all the complex payroll processes with utmost precision and reduces human intervention. These payroll tasks include developing payroll policies, creating CTC structures, calculating tax-related deductions, and dues deposits such as PF, ESCI, etc.

 

The List of payroll software in India for small businesses is enormous; subsequently, you need to be mindful of it before finalizing it. We have your back if you are looking for paid or free payroll software for small businesses in India. StartUpHR software connects you to India’s most relevant attendance and payroll software solution vendor without breaking your budget. However, with the significant revisions in your existing budget, you can avail of the most trending payroll features.

How do you choose the best payroll software in India?

Choosing the best payroll software is essential for overall business growth. Different HR payroll software has different capabilities, so every software might not fit your business needs. Therefore, we have curated some crucial points for you that you should keep in mind while choosing the best software in India: 

 

Get clarity on the following questions.

  • Short-term and long-term goals concerning the HR payroll software.
  • Does the payroll software need to be integrated with other applications such as attendance tracking, time management, etc?
  • Will my company’s size increase in the next five years, and if so, by what percentage or number?
  • What is my maximum budget for purchasing payroll software? 
  • Ask the payroll vendor about all the hidden charges.
  • I prefer to conduct in-depth research on payroll vendors from online sites such as Glassdoor. Check for their reviews, reputation, and prior records.
  • Does the payroll software vendor provide after-sales support? 

 

State your short-term and long-term goals: Once you have decided who your payroll software vendor will be, you need to define the goals and targets. Create an in-depth layout stating all the crucial steps for the smooth implementation of the software. Mention the date, time, resources, and the exact timeline for the software implementation. Also, consider all the potential obstacles that might distract you from achieving your targets. Work in collaboration with a payroll vendor. Let him review the entire layout design you provided and ask for his feedback on any inconsistencies in the specified timeline. Make the necessary changes accordingly.

 

Develop the implementation plan: Schedule a board meeting with all the company’s essential decision-makers. Discuss the payroll software, its features, and its implementation plan. Take feedback from every member and assign the designated task to the respective members accordingly. Also, discuss the total number of hours that would be devoted to this project each day and the total estimated time that would be taken for the implementation of this project. 

 

Conduct training sessions for employees: Employees should be provided with information on using the payroll software as they are new to the system. The following sessions should be conducted with the employees: 

  • A typical training with all the employees in batches describing all the different functions of payroll software available and how to operate them. 
  • A detailed session of the employees with the payroll vendor addressing the importance of payroll software, its available features, and how to make the most out of it. 
  • Record all the latest processes in the payroll software so that employees can work on them without seeking help from the payroll professionals. 
  • Create detailed reports so employees can effortlessly and effectively use the data in the payroll system. 

 

Quality Check: Quality assurance is an integral part of every software for its overall success. Neglecting software quality leads to huge errors after its execution that further hinder the productivity and quality of its operations. Before going live with your payroll software, ensure that the quality of the payroll software is up to the mark. Check for potential errors and rectify them before executing the software. Moreover, the company should take feedback from the employees working on the software after a few days; if they face any issues, then simplify the process by contacting the payroll vendor. 

 

Go live: Once everything is ready, you can go live with payroll software. Evaluate the system, functionalities, speed, ease of the platform excess, etc, for a few weeks. If you encounter any problem, contact your payroll vendor immediately and get it rectified as soon as possible.

HR Software in India

Conclusion

Payroll software is no longer an advancement tool but a necessity to handle employees’ salaries & taxes accurately. Therefore, more and more payroll software vendors are capturing the market today. Searching for the best payroll software vendor in India might be overwhelming. If you are browsing through the vast List of payroll software in India and feeling stuck, no worries; we are here to help you. While conducting this in-depth research, you might pick up the wrong payroll software. Here is when StartupHR software comes as a backbone support by connecting you to the right payroll software provider. Although we have covered India’s Top 10 payroll software in this blog, we urge you to take the Free Consultation with our HR experts to get personalized solutions. Once we understand your business requirements, we will curate the best payroll software in India and show you the live demonstration through our FREE OF COST Demo Session.

F.A.Q

 

1. What is payroll software, and why do businesses use it? 

Payroll software automates the process of calculating payments to employees, handling deductions and taxes, and generating reports. Businesses use it to streamline payroll operations, reduce errors, and ensure compliance with tax laws and regulations.

 

2. How do I choose the right payroll software for my business? 

Consider factors such as the size of your business, your industry-specific needs, integration capabilities with other software (like accounting or HR systems), ease of use, customer support, and cost.

 

3. What are the key features I should look for in payroll software? 

Key features include automated payroll calculations, tax filing and compliance, direct deposit options, employee self-service portals, reporting and analytics, mobile accessibility, and integration with other business systems.

 

4. Can payroll software handle different types of employee compensation? 

Yes, most payroll software can handle various types of employee compensation, including salaries, hourly wages, bonuses, commissions, benefits, reimbursements, and deductions for taxes and benefits.

 

5. How does payroll software ensure compliance with tax laws and regulations? 

Payroll software automatically calculates taxes based on current tax rates and laws, prepares tax forms (like W-2s in the U.S.), and facilitates electronic filing and payments to tax authorities. Regular updates keep the software compliant with changing regulations.

 

6. Is payroll software secure? 

Yes, reputable payroll software providers use encryption and secure servers to protect sensitive payroll data. They also adhere to industry standards and regulations to ensure data security and confidentiality.

 

7. Can payroll software integrate with other business systems? 

Yes, many payroll software solutions offer integration with accounting software, HR management systems, time and attendance tracking systems, and more. Integration helps streamline processes and reduces manual data entry.

 

8. How does payroll software handle employee benefits and deductions? 

Payroll software allows you to set up and manage employee benefits such as retirement plans, health insurance, and deductions like taxes, garnishments, and voluntary contributions. It calculates these amounts accurately and includes them in payroll calculations.

 

9. What kind of customer support is available with payroll software? 

Customer support options vary by provider but typically include phone, email, and online chat support during business hours. Some providers may also offer 24/7 support for critical issues.

 

10. How much does payroll software cost? 

The cost of payroll software can vary widely depending on the features, number of employees, and additional services like tax filing and HR support. Pricing models may include monthly subscriptions or per-employee fees. It’s essential to consider the total cost of ownership, including setup fees, training, and support.

Top 20 Payroll Software for Enterprises in 2024

Top 20 Payroll Software for Enterprises in 2024

One critical function that’s common for enterprises across the globe is payroll management. Regardless of the size and structure of the enterprise, a smooth payroll management system plays a pivotal role in the organization’s operations. Enterprises with inefficient payroll management systems risk hampering organizational productivity due to unsatisfactory employee experience, and more manual workload on the HR department – leading to more possibilities of error. Different kinds of enterprises have various payroll and HR management systems in place. This depends on the size of the enterprise, their industry, the number of employees they have in their workforce, the statutory compliances they need to adhere to, and much more. All of these factors make it imperative to have payroll software for enterprise that provides a comprehensive solution to all your payroll management needs while streamlining your payroll processes.

 

The corporate world is evolving rapidly, making it imperative for all the processes to be fast and efficient. Departments such as HR and admin must ensure that their tasks won’t hamper organizational efficiency. That’s where Payroll and online Human Resources Management solutions come into the picture. They ease, automate, and take a lot of manual work off your plate so that everyone in the organization can channel their time and energy toward achieving their primary objectives.

 

Payroll software for enterprises calculates salaries, taxes, and other deductions. These software are designed to reduce reliance on paper and manual work, simultaneously boosting productivity within the organization. The software is also fast, easy to use, and cost-effective.

What is payroll software for enterprises?

 

Payroll software for enterprises is a cloud-based system that provides a comprehensive solution for employee payment management and automation. Payroll software is designed to help enterprises comply with financial regulations and tax laws by efficiently managing payroll processes. This helps the HR department to swiftly manage everyday tasks, helping them focus on important business tasks.

 

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What payroll challenges are faced by enterprises?

Now that you know a few things about payroll software for enterprise. Let’s discuss a few challenges faced by organizations when it comes to payroll management and processing. 

 

1. Compliance and regulations:

 

In times when labor laws and regulations are continually evolving, it’s tough to run a business smoothly. One of the biggest challenges employers face today is staying compliant with these laws. 

Making compliance mistakes in payroll processing is not an option; it is something that many businesses struggle with because the requirements are constantly changing. Failure to achieve compliance standards results in considerable costs for the organization in the form of severe fines and penalties.

All of this makes it extremely difficult for the HR department to stay on their toes at all times, particularly for manual procedures. A minor error can have far-reaching consequences for the entire business.

  

2. Remote work management: 

 

The world just went through a couple of years that changed the way we work and live. It happened during the worldwide lockdown due to the COVID-19 pandemic. People started working from home, and remote working became the norm. It was a transition that no one ever saw coming, or nor did they believe remote working could be effective.

It changed the way many departments worked, however the most change was seen in the HR department. Because managing a large number of employees working from different places, monitoring and maintaining their attendance, working hours, compensation, coordination, etc. became an almost impossible task. Processes such as onboarding and offboarding also became a challenge because of the amount of paperwork and meetings these things took. 

In times like these, it became critical for enterprises to have a system in place that automates these tasks and reduces the burden of the HR department. That’s where attendance and payroll software for enterprises came into action. Ever since then, these payroll software have become an integral cog in an organization’s HR system. 

 

3. Limitations of traditional HR methods:

 

Calculating working hours manually often results in errors that need a lot of time and effort to rectify. Furthermore, relying heavily on physical files and documents also increases the risk of them being misplaced or lost. Even though many businesses have been using spreadsheet-based payroll systems, they still encounter numerous challenges that continue to be unresolved. 

Which are the top 20 payroll software for enterprises in 2024? 

1. Paycor

Paycor is one of the best payroll software for enterprises available right now as well as one of the most scalable. Its self-serve portal is designed to reduce the HR department’s workload by offering employees more autonomy. In general, most software does not have an option for on-demand payment; however, Paycor does, giving the software a modest edge.  

Paycor Payroll SoftwareTop Features

Attendance Management Compliance Management Benefits Management Data Security Arrears Calculation

2. Deel

Deel is known for being a flexible and time-saving software that streamlines operations to make payroll procedures easier. Its well-designed interface is compatible with all sizes of enterprises, and it eliminates payroll mistakes, inaccurate reporting, and the need for multiple tools. The software easily integrates into your enterprise’s operations. subsequently supporting your business in areas like compliance, filings, and tax deductions. 

Deel Payroll Software

Top Features

Performance Appraisal Time & Attendance Management Compliance Management Billing & Invoicing Document Management

3. Rippling

Whether local or global, Rippling makes your payroll processes efficient and hassle-free. regardless of whether your staff is remote or multinational, Rippling simplifies payments by enabling payments in local currency without wasting time on transfers and conversions. Furthermore, it can automate almost every payroll process by customizing its workflows based on the needs of your organization, making it one of the best payroll software for enterprises. 

Riddling Payroll SoftwareTop Features

Benefits Management Expense Management Leave Management Self Service Portal Employee Lifecycle Management

4. Paychex

Paychex is an easy-to-use payroll software that provides full payroll services to businesses of various sizes. It offers a variety of packages, allowing you to select the one that best meets the demands of your organization. The software automates tax preparation, filing, and payment. This not only saves you time but also eliminates the potential for costly errors.Paychex Payroll SoftwareTop Features

Employee Self-service Analytics and Reporting Tax Calculation Manage Employee Access Comprehensive Dashboard

5. UKG

Designed and developed to serve Startups, SMEs, as well as large Enterprises. It provides end-to-end solutions to organizations when it comes to overtime calculation, calendar management, time and leave tracking, salaries and payments, and so on. Taking a huge load off the HR department’s shoulders, allowing them to focus on other vital activities.

UKG Payroll Software

Top Features

Automated Time & Attendance Proactive Recommendations Compliance Maintenance Tax Calculation User-friendly

6. Workday

The software goes beyond transactions, it is designed to transform businesses by maximizing efficiency and minimizing manual work and errors. Workday also offers a dedicated team that is hands-on with all of the laws and regulations to ensure that your company is constantly compliant, saving you from hefty fines. The advanced nature of the software allows you to keep track of your ledger in real-time, ensuring that you are aware of everything that is going on with your business at any given time. It simplifies your lives and improves your overall experience.

Workday Payroll Software

Top Features

Compensation Management Benefit Administration Time Tracking Employee Self-service Reporting & Analytics

7. Keka

Keka is one of the top payroll software for enterprises in India since it is simple to use. The software can be used from both your office as well as remote locations. The software allows users to easily release payslips in both digital and SMS formats. Keka’s goal is to simplify HR and payroll management so that everyone can use it easily and efficiently.

Keka Payroll Software

Top Features

Appraisal Management Vacation/Leave Tracking Timesheet Management Taxation & Compliance Expense Management

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8. greytHR

greytHR is one of the best payroll software for enterprises in India. The productivity tools offered by greytHR are designed to make HR and Payroll management easier, simpler, and more efficient. It also has a portal for employee self-service, improving employee engagement while saving a lot of time for both the employee as well as the HR department. 

greytHR Payroll Software

Top Features

Data Security Employee Lifecycle Management Time & Attendance Management PF/ESIS Calculation Statutory Compliance  Management

9. Gusto

With more than 1,00,000 businesses already using Gusto for purposes such as payroll management and HR management, it is one of the fastest-growing software. Because it lets you get unlimited payroll without charging extra. Furthermore, the automated payroll tax payment is a cherry on the cake while their customer support makes sure that the clients don’t face any hardship at any point. The software makes payroll management easy and efficient.

Gusto Payroll Software

Top Features

Attendance Management Back Office Assistance Taxation Management Benefits Administration Data Security

10. Pocket HRMS

Pocket HRMS is definitely, one of the best payroll software for enterprises in the market right now, it was also named the best HRMS software at the 29th edition of the World HRD Congress. The software is user-friendly and takes care of your payroll tasks. It’s a cloud-based one-stop solution for any HR department because of its extensive list of features and offerings. Not only that, it comes with an AI-enabled chatbot that assists your HR.

Pocket HRMS Payroll Software

Top Features

Appraisal Management Arrears Calculation PF/ESIS Calculation Time & Attendance Management Mobile Support

11. TriNet

TriNet is a software that helps you shift your focus on revenue-generating tasks because it takes care of all your payroll and HR-related jobs with ease. The software is developed to deliver a fully automated integration into your system. Saving your time, money, and effort on tasks that can be taken care of with ease. Trinet keeps your earnings, deductions, and taxes up-to-date. 

TRiNet Payroll Software

Top Features

Customized Benefits Analytics  Attendance & Time Management Compliance Management User-friendly Interface

12. Papaya Global

This payroll software for enterprises is power-packed with a wide range of tools that automate processes that help organizations worldwide payroll and payments. Papaya Global is designed to help your organization become more flexible and adaptable.  The main objective of the software is to improve operations and employee experience while innovating your organization’s payroll process by creating a smooth passage in your HRIS data.  

Papaya Global Payroll Software

Top Features

Benefits Management Multi-national Vacation/Leave Tracking Document Management Reporting & Analytics

13. Razorpay

Razorpay’s payroll software helps you tally payroll and automatizes TDS, PF, PT filings, and much more. It’s an employee-friendly software that gives employees access to their payslips and lets them declare tax as well. All in all, it’s not only great software for your HR department but also for your employees, simplifying their lives so that everyone can focus on more important tasks. 

Razorpay Payroll Software

Top Features

Statutory Compliances Arrears Calculation Document Management Time & Attendance Management Employee Self-Service Management

14. ADP Workforce

It’s a fully-featured software designed to assist SMEs and agencies, providing enterprises with end-to-end payroll solutions. ADP Workforce software offers features such as compensation management, employee life cycle management, labor planning, skills tracking, and much more all in one place. 

ADP Workforce Payroll Software

Top Features

Compensation Management Time & Attendance Management Scheduling Performance Appraisal Management Employee Lifecycle Management

15. Paycom

Paycom automates your enterprise’s payroll processes, it’s an online payroll management system. Designed to seamlessly integrate with your accounting software, it manages expenses, deductions, salaries, and incentives.  

Paycom Payroll Software

Top Features

Appraisal Management Attendance management Benefits Administration Document Management Employee Self-service Management

16. Namely

Namely is a smart and streamlined payroll software for enterprises. It’s an exceptionally easy solution that handles all of your payroll needs with ease. It also provides many benefits and features that make it easier to understand the cost of benefits offered by the employer.
Furthermore, their team responds quickly to any challenges and ideas provided by their consumers, guaranteeing that the service you receive is always of the best quality.

Namely Payroll Software

Top Features

Back Office Assistance Benefits Management Document Management Employee Data Base MIS Reports

17. Sage

Sage is an affordable, accessible, and seamless payroll software for businesses of all shapes and sizes. Compared to other payroll solutions that are too slow and complex, It is a user-friendly software that’s not just fast but also easy to use for everyone. 

Sage Payroll Software

Top Features

Online Assistance Leave Management Legislative and Payroll Reporting Tax Calculation Statutory Compliance

18. Darwinbox

Darwinbox is one of the most user-friendly payroll software for enterprises. The software is designed in such a way that it’s easy to navigate even for new employees. Furthermore, all the features of the software are just a click away from you, making it a seamless experience. It also stores your employee’s data in one place, making it easier for you to access all the information you need at any given time.  

Darwin Payroll Software

Top Features

Mobile Support Multi-Company Multiple Pay Schedules Data Management User-friendly Interface

19. BambooHR

This software automatically takes care of multiple things such as salaries, working hours, deductions, benefits, and much more. All you need to do is set up your pay schedules and BambooHR will take care of the rest i.e. automatically calculating and filing taxes to ensure compliance. It’s designed to make your life easier and more efficient. 

Bamboo HR Payroll Software

Top Features

Vacation/Leave Tracking Statutory Compliance Mobile App Assessments Benefits Management

20. PeopleStrong

PeopleStrong is a payroll software that automates essential payroll processes and tasks.  It is a software that improves productivity by automating salary and expense calculations. Furthermore, it automatically calculates leaves and attendance to ensure proper salary calculations. PeopleStrong makes sure your month-ends are stress-free. 

PeopleStrong Payroll Software

Top Features

Compliance Management Data Security Employee Lifecycle Management Attendance & Leave Management Tax Management

How to choose the best enterprise payroll software?

Here are some of the things that you should keep in mind while looking for payroll software for your enterprise. 

 

1. User-friendliness 

Why? Because if it’s difficult to use how is it going to make your life easier? Not only will it eat up a lot of time but also affect the overall productivity of your organization. Hence, having simple, seamless, user-friendly software is one of the most important things that you should look for. 

 

2. Employee self-service functions

Self-service functions improve employee experience while taking a load off the HR department. A win-win for your organization. 

 

3. Scalability

Everyone wants to grow their business and with growth, there’s an increase in your workforce. If your payroll management software isn’t scalable it’ll cost you big in the long-term since you’ll have to repeat this process from scratch all over again. 

 

4. High level of automation

You want new software because it will help reduce the manual work and the errors that come with it. And automating daily tasks goes a long way in boosting your organizational efficiency. 

 

5. Integrations

Similar to automation, you need software that seamlessly integrates with your organizational structure and system. This will ensure that you won’t have an extra thing to look after since all your systems are seamlessly integrated with one another. 

 

6. Cloud-based vs. self-hosted

This depends on your existing IT structure and expertise. A cloud-based system does offer more flexibility. However, we suggest you consult with your IT team regarding this aspect of decision-making. 

 

7. High-security

Security is imperative because payroll software contains sensitive data about each and everyone in the organization. Always pick software that offers high security if you don’t want to regret it later. 

 

8. Compliance support

Payroll compliance is one of the most critical aspects of any payroll management system. Because a mistake here can cost your company a lot. Optimal payroll software will help you be compliant with all the respective laws and regulations. This will not only save your company from legal trouble but also from financial setbacks. 

 

9. Automated payment capabilities

Automated calculation is not the only job of a good payroll software, it should also have a feature like automated payment of salaries. This eases the burden of releasing payments manually. And since all the important aspects of payments are automated, there’s no margin for manual errors out here. 

 

10. Customization

Every business has different needs. You should choose a payroll that customizes its features and offerings based on yours, this will make it easier for you to manage the system and pay for what it’s worth. Saving your organization time and money. 

 

11. Customer support

Payroll is a vital cog of the HR system of any organization. And if a problem emerges, you should be able to take care of it swiftly. This is what makes good customer support imperative. Hence, keep in mind that this is a very important factor to look into while scouting for payroll software for your enterprise. 

Conclusion 

Good payroll software adds a lot of value to any HR department with the amount of benefits it offers. It boosts the efficiency of the organization by enhancing accuracy, saving time and money, maintaining compliance, improving employee experience, eliminating manual error, and much more. 

 

Adopting payroll software can help boost your business’s efficiency by streamlining your payroll processes. Furthermore, most payroll software these days is designed and developed to automate most processes. Easing the workload on your HR department while eradicating any chance of errors that may have been previously caused by manual work. Also, most of these software are customizable, which makes it perfect for you to implement a system based on your needs. 

 

There are many reliable payroll software vendors in the market, and we’ve covered the best ones in the aforementioned list. So what are you waiting for? Contact us today and transform your organization’s payroll processes for your enterprise.

8 Benefits of Payroll Automation for Startups to Enterprises

benefits of payroll automation

Handling payroll manually is not only monotonous but also time-consuming. Imagine sitting at a desk & running payroll tasks such as applying multiple tax codes, calculating hourly/overtime wages, and performing dozens of deductions on Excel sheets, spreadsheets, or papers with a calculator. Does it scare you? It is just the start of handling payroll manually; it’s way more complex. The solution to such problems is the comprehensive payroll automation software that streamlines and simplifies such payroll tasks. The Benefits of Payroll Automation Systems are immense, such as error reduction, accurate calculations, detailed reports, and better performances. In this blog, we will discuss the Benefits of Payroll Automation System.

What is Payroll Automation?

Payroll automation processing refers to using online cloud-based software to handle payroll operations, from deductions to direct deposits. Other such payroll tasks include generating paychecks, calculating employee wages, calculating salary disbursement, tax deductions, etc. Automated payroll systems are a crucial part of different organizations that overcome all the problems caused by the manual handling of payroll data. Such computerized systems streamline and manage the entire payroll cycle, eliminating the need for manual intervention. It supports companies by saving time, minimizing errors, and ensuring compliance with labour laws and tax regulations.

Benefits of Payroll Automation System

Here are the Benefits of Payroll Automation System

1. Accuracy and Error Reduction

With manual payroll processing, there are huge chances of errors, wrong data entry, and delayed and inaccurate payments. Due to this, companies suffer a lot, especially small businesses and startups, to keep their employees motivated & satisfied at work.

The solution to this is adopting the Automated Payroll System in your organization. It provides error-free calculations as the software handles everything without human intervention.

Moreover, payroll will be held in Compliance with Tax Regulations, labour laws, and additional statutory prerequisites as the payroll software regularly feeds, updates, and implements the changes. Therefore, the company will not fear penalties or additional costs, ensuring accurate payroll processing.

2. Advanced Security

Implementing the Automated payroll systems offers robust security features to companies for protecting sensitive employee information. It eliminates the process of payroll data extraction & sharing it manually with the required individual.

Instead, the payroll software provides powerful authentication mechanisms such as multi-factor authentication (MFA), & role-based access controls to ensure data safety by restricting unwanted users’ access based on their job role.

The data transferred from one location to another is encrypted and is in Compliance with Data Protection Regulations, minimizing the risk of data breach. The security also multiplies in the payroll system with the employee self-service feature. With the help of this feature, employees can directly search for the required information on the payroll automated online software rather than contacting the HR & payroll team.

3. Cost Savings

The ‘cost to the company’ has always multiplied due to the manual handling of payroll operations. Whether it was salary disbursement one by one, incentive calculation, or tax management, the administrators were required in the company to manage such tasks.

Due to the requirement of one or more employees to manually handle payroll operations, companies had to hire & pay salaries to them. The salaries paid to payroll admins are higher than the actual cost of payroll software. This way the organizations can reduce admin costs by implementing automated payroll systems.

Moreover, human involvement in manual payroll processing heightened the risk of improper tax handling, wrong calculations & other payroll errors. The benefits of payroll automation will speed up the turnaround time and minimize the risk of penalties by accurately processing payroll data in compliance with the tax management guidelines, leading to cost-saving alternatives.

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4. Easy Payroll Process

The payroll process has been extremely complex, time-consuming & difficult to process due to the manual handling. It is so because when an individual handles payroll processes manually, such as salary calculation, tracking working hours, or generating payslips, the chances of errors & inaccuracies automatically increase.

The automated payroll software solves such issues by making the entire payroll process streamlined, simplified, and easy to access. It keeps track of working hours for every employee and automatically records the total time committed by an employee to the company each day, weekly, monthly, and in a year.

The payroll system also provides Quick Salary calculations and instant Payslip generation for each employee, saving time, effort & money. Moreover, it designs and maintains the Salary structure for every employee and ensures accurate salary disbursement on time.

5. Attendance

The manual payroll processing of attendance for every employee on Excel sheets or paper books is a cumbersome task that increases the risk of entering wrong data. Employees can misuse this opportunity to their benefit by taking more leaves, taking bigger break time, and returning and going out of the office at their convenience. It has severely affected employees’ productivity as most things were not tracked or properly monitored.

The solution to such a problem is automated payroll software that can be integrated with time and attendance systems to keep track of employee attendance data. The automated system also designs a reliable Leave Policy that covers terms & conditions related to employee Break Time, Clock-In/Clock-Out timings, and other Leave Management details. Such adherence to the attendance management system conditions ensures that employees are efficiently & productively using the working hours without faking it.

6. Performance

Manual handling of payroll operations is extremely clumsy, unstructured, and hard. The performance of employees & company was severely affected as the payroll data was randomly put over the Excel sheets and papers. One of the biggest benefits of an automated payroll system is that it improves the overall performance of payroll processing. It does so by creating an Employee Management structure where it designs and manages all the payroll-related data of employees in a structured manner.

The organization operates much more smoothly with such an organized structure due to time-saving, cost-cutting, and enhanced focus on key functional areas. The goal-setting process also gets easier with the payroll software. Whatever the company’s expectations are from the employee regarding performance, behavior, and etiquette are set and worked accordingly.

The automated payroll system also helps in tracking the Appraisal Process of employees where the relevant data needed for appraisal can be retrieved instantly. As a whole, the cloud-based payroll system ensures all data is systematically put in its right place so that the performance of the employees is optimum as per the company standards.

7. Reporting and Analytics

Analyzing the manual payroll data to get required information & creating reports out of it by assembling one information with another into a manual report is a highly time-consuming task. Its difficulty level is high, which increases the chances of errors & wrong report creation. The automated payroll system solves this problem by playing a vital role in reporting and analytics.

The software processes the payroll data by diving deep into the core payroll analytics using advanced AI mechanisms. It processes the raw payroll data to provide meaningful insights related to payroll trends, expenses, and metrics to make an informed decision.

The software also allows you to retrieve various detailed & downloadable reports based on your requirements due to the built-in reporting functionality. You need to apply the filters according to the required report. Due to this, an Enhanced Visibility Level supports you in making the right payroll decisions.

The online payroll software creates Customized Reports, such as payroll-related expenses and year-to-date employee balances, as per the specific need and fetches the real-time data fed over it. The online payroll software can also generate Compliance Reports where you can generate a documented summary of your company’s statutory compliance status following corporate policies, industry standards, regulatory requirements, and relevant laws.

8. Return on Investment (ROI)

With the manual handling of payroll data, there will be huge liability & additional cost to the company. The automated payroll system provides great returns on investment by tackling all the existing & upcoming payroll challenges.

Your investment today in purchasing the automated payroll software starts giving fruit within a week with its immense advantages such as Measurement Metrics, Efficiency Gains, scalability, etc.

The Payroll Measurement Metrics, such as payroll process time, error proportion, compliance, etc., measure the payroll performance by assessing if we are on the right payroll path & determining improvement areas.

The automated payroll system allows efficiency gains that help handle payroll processes at lower costs with the motive of making big profits. Such software is also the best option from a future perspective where you want to increase or decrease the number of employees in your company.

It is not possible to manually monitor the payroll of employees when the size of employees is more than the capacity of the company. Henceforth, there is a promising impact of cloud-based payroll software on scalability that makes it worth purchasing.

How to Automate a Payroll System?

Here is how you can Automate Payroll System

1. Choose the Payroll Software Vendor

Find the best payroll software provider that is reliable and aligned with your business requirements. We are the best-automated payroll software company with a top-notch collection of cloud-based platforms and on-premises solutions.

 

2. Input all the Employee Data

Enter all the employee information in the system correctly, such as bank details, full name, salary details, employee ID, tax information, etc.

 

3. Define the Payroll Schedule

State the payroll schedule you wish to follow i.e., weekly, bi-weekly, or monthly in the software. It will automatically disburse the salaries to employees.

 

4. Calculate Gross Pay

The gross pay can be automatically calculated in the payroll system by configuring it on varied parameters such as overtime, bonuses, total hours worked, etc.

 

5. Set Up Taxes and Deductions

In the automated payroll system, you need to set the option of automating taxes & deductions. It will automatically deduct the taxes, benefits, etc, from your salaries.

 

6. Direct Deposit

Implement the direct deposit feature in the automated payroll system, which will automatically disburse the salaries in the employees’ bank accounts.

 

7. Record Keeping

Store and maintain the data of payroll transactions through the automated payroll system. It will bring instant access while auditing & transparency in the system.

 

8. Regular Software Updates to Ensure Tax Compliance

The automated payroll software must be regularly updated to ensure compliance with updates on labour laws, local tax regulations, and other relevant laws.

 

9. Employee Self-Service

Reduce the need for employees to ask admins questions on their payroll data by giving them access to the payroll system. Some of these self-service features are updating personal data, downloading salary slips, viewing pay stubs, etc.

 

10. Integration with HR and Accounting

Streamline the payroll & other business processes by seamlessly integrating them with HR and accounting systems.

 

11. Testing and Training

The automated payroll system must be completely tested before being implemented in your organization. Check for all the potential errors and rectify them. Train your employees to operate and access the payroll system.

 

12. Security Measures

Implement powerful security measures as payroll data is confidential, sensitive, and prone to misuse by third parties.

Conclusion

The benefits of an automated payroll system are huge, such as fast processing, report generation, minimal error, cost-effective solutions, etc. With the help of its impactful benefits, it streamlines & simplifies the entire payroll process. Every aspect of a payroll operation is integrated into a single platform using online payroll software that saves huge time. Moreover, it ensures that all the payroll tasks comply with the latest tax policies to avoid legal issues.

If you are looking forward to making your life easier with the top-notch automated payroll system, then your search ends with us. Startup HR Software offers you the best automated payroll system in India. We give you a Free Demo Session with our payroll team experts to get you well-acquainted with the payroll system features. You can also purchase additional custom-made payroll solutions to meet your specific requirements.

Top 10 Payroll Software in India: Pricing, Features, Rating 2024

Top 20 Payroll Software in India

Tracking tax-related updates and payments is challenging for a layman. Humans do commit errors. Henceforth, staying updated with all the employee data related to their attendance, records, salary structure, tax filing, bank accounts, and wages isn’t practically possible. Manually handling such tasks leads to disastrous situations where huge errors are committed, ultimately resulting in employer-employee disputes & litigation issues. According to the SCORE survey, small business companies manually handle payroll processing and tax calculations by wasting 41+ hours yearly. The Payroll software in India assists you in all such cumbersome & time-consuming payroll tasks by managing, maintaining, & automating payments & other payroll functions through its centralized secured platform. This blog will discuss the Top 20 Payroll Software in India & its benefits.

Contact us today and get up to 50% discount on your favorite HR software in India today.

List of Top 10 Payroll Software in India 2024

Payroll Softwares - KekaHR

KekaHR

KekaHR is the Top payroll software in India with an intuitive interface that has tremendously revolutionized the Indian payroll industry. According to them, “Indian Payroll is complex. Software doesn’t have to be!” They simplify the payroll process where HR and finance teams can perform salary and payroll modifications anytime rather than waiting for the month’s end. It allows the financial & non-financial professionals to review payroll before finalizing and releasing it.

Features
1. Online payroll management system
2. Payslips on SMS, email, or mobile app
3. Salary revisions
4. Scheduled performance bonuses
5. Review and compare salaries
6. Expenses, Reimbursements, and Payments on hold
7. Payroll and time tracking

Benefits of using KeKa Payroll Software:

  • User-Friendly Interface: KeKa’s interface is intuitive and easy to use, making it accessible to users of all levels of technical expertise.
  • Comprehensive Features: Provides automated salary calculations, tax compliance, and statutory deductions.
  • Customization: Can be customized to meet the needs and policies of specific organizations.
  • Integration: Integrated with various accounting and HR systems seamlessly.

Google Rating: 4.1
KeKa Payroll software price in India: Starts at just Rs. 60 per employee per month.

Payroll Softwares - Zimyo

Zimyo

Zimyo is well known for offering the “Swift and Error-Free Payroll Processing in Minutes.” It provides user-friendly, customizable, easy-to-integrate, and easy-to-implement HR Payroll Software solutions. They allow you to Run Payroll automation in payroll processing with five simple clicks. Zimyo, the compliant payroll software, claims to reduce the Payroll Tax Penalties by 98%, under which they cover TDS, PF, EDLI, ESIC, Professional tax, etc. Moreover, companies can settle employee expenses 5x faster & disburse 100% accurate salaries in a few minutes, leading to employee satisfaction by 10X.

Features
1. Statutory Compliance in Payroll
2. TDS, PF and ESIC Computation
3. Paperless Expense Management
4. Salary calculation
5. Arrear Calculation
6. Salary Advances
7. Insurance Coverage
8. Personal Loans

Benefits of using Zimyo Payroll Software:

  • Cloud-Based: Zimyo’s cloud-based platform allows access from anywhere, facilitating remote and flexible work environments.
  • Automation: Automates many payroll tasks, reducing manual errors and administrative burden.
  • Compliance Management: Ensures adherence to local and national labor laws and tax regulations.
  • Employee Self-Service: Offers a self-service portal for employees to access payslips and manage personal details.

Google Rating: 4.5
Zimyo Payroll software price in India: ₹60/employee per month for up to 40 employees.

Qandle

Qandle is India’s best payroll management system that makes the entire payroll management integrated, seamless, easy to use, and easy to handle. With their top-notch payroll system, companies can end the struggle of paying their employees timely & accurately. Organizations can stay assured of operating faster with minimal scope of errors by implementing the Qandle automated payroll management system. Qandle’s end-to-end payroll solution claims to give 5x quicker reimbursements for employee expenses.

Features
1. 5x quicker reimbursements
2. Reports and real-time data
3. Seamlessly Integration with any system
4. Secure, centralized platform
5. Quickly and easily salaries
6. Bonus & Payables
7. Self-service portal

Benefits of using Qandle Payroll Software:

  • End-to-End Solution: Provides a full suite of HR solutions including payroll, recruitment, and performance management.
  • Analytics and Reporting: Advanced analytics and reporting features help make data-driven decisions.
  • Integration Capabilities: Integrates well with other HR and financial systems.
  • User Experience: Known for its clean, user-friendly interface and efficient support.

Google Rating: 4.5
Qandle Payroll software price in India: The plan starts at ₹2450 per month, up to 50 employees.

HR Software in India

attendance management system dubai - uknowva

uknowva

uKnowva is the leading end-to-end payroll management system that allows you to experience one-click payroll generation. It helps to release and track employee payrolls in one go. As an organization, you experience higher employee satisfaction due to on-time, fast, and 100% accurate payroll disbursements. uKnowva’s Payroll and expense management system makes the salary and expense calculations fully automated & streamlined, with access to tracking their salaries and deductions.

Benefits of using Uknowva Payroll Software:

  • Modular Design: Uknowva offers a modular approach, allowing businesses to choose specific features based on their needs.
  • Flexibility: Highly flexible and scalable, suitable for businesses of all sizes.
  • Automated Payroll: Efficient payroll automation with compliance features.
  • Employee Engagement: Includes tools for improving employee engagement and communication.

Google Rating: 4.8
UKnowva Payroll software price in India: Starts from Rs. 60 per employee/user per month.

Payroll Softwares - greytHR

Greythr

Greythr is a comprehensive payroll management system that brings speed, trust, accuracy, and reliability. They ease your worries of dealing with chaotic Excel sheets through their on-time salary disbursement, statutory compliance, and 100% attention to detail payroll tasks management. They let you control the complete payroll cycle from inputs to payouts, claims to compliances, & self-service to settlements, along with tracking changes in statutory compliances such as labour laws, tax slabs, etc.

Benefits of using Greythr  Payroll Software:

  • Ease of Use: Greythr is praised for its user-friendly interface and straightforward setup process.
  • Integrated HR Suite: Combines payroll with other HR functions like leave management and attendance tracking.
  • Compliance Assurance: Regularly updated to comply with current labor laws and regulations.
  • Support: Offers robust customer support and training resources.

Google Rating: 4.4
Greythr Payroll software price in India: Starting at just Rs. 30 per employee per month.

Darwinbox

Darwinbox is the top payroll software in India that simplifies the payroll obstacles faced by enterprises. They offer an automated, compliant, secure, and 100% accurate payroll system with its painless payroll processing in 4 steps: employee selection, input validation, payroll processing, and payslip generation. It has immensely impacted businesses’ payroll systems through its slogan – “Make The Biggest Cost The Smallest Of Worries.” The company is processing 1,000,000+ payslips monthly for 850+ Enterprises and has 900+ optimized pay structures to 45 for 26,000+ employees.

Features
1. Minimize Data errors
2. Seamlessly Integrated
3. Highly Accurate
4. Configurable salary structures
5. Real-time error validation
6. Automatic F&F resettlement
7. 100% statutory compliant payroll
8. track and Request loan advances, claim benefits

Benefits of using Darwinbox  Payroll Software:

  • Advanced Technology: Utilizes AI and machine learning for advanced payroll processing and predictive analytics.
  • Unified Platform: Offers a comprehensive suite including payroll, HR, and employee management.
  • Customizable Workflows: Highly customizable to fit diverse business needs and workflows.
  • Mobile Accessibility: Strong mobile platform with features for both employees and administrators.

Google Rating: 3.7

Payroll Softwares - hrone

HROne

HROne is a simplified, integrated, and robust Payroll Management Software that takes care of Employees’ Salaries & other vital payroll tasks to minimize payroll grievances. It has powerful dashboards, seamless integration and automation of HR Workflows for Effortless Payroll Management. HROne is an award-winning company encouraging people to go #MobileFirst to handle the payroll on the go.

Features
1. Salaries In A Tap
2. Automated CTC calculator
3. 0% Error Guaranteed
4. Auto-generated error list
5. Detailed Analysis Reports
6. PF, ESI. ensure compliance
7. Compatible With 15+ Platforms

Benefits of using HROne  Payroll Software:

  • All-in-One Solution: Provides a complete HR and payroll solution in one platform.
  • Automation and Accuracy: Automates payroll processes and ensures high accuracy in calculations.
  • Compliance Tracking: Keeps track of compliance with various labor laws and statutory requirements.
  • Integration: Easily integrates with other business systems and software.

Google Rating: 4.7
HROne Payroll software price in India: Starts at just Rs. 50 per employee per month.

Payroll Softwares - 247HRM

247 HRM

247HRM is a comprehensive payroll software suite in India that brings “All Your HR & Payroll Processes On One Platform” & gives 100% accurate payroll. It handles everything from payroll and taxes to automating employee Income Tax planning, savings & integration through the tax portals.

Google Rating: 4.4
Pricing: The plan starts at Rs. 30 per employee per month.
Features
1. CEO Dashboard
2. Payslips, leave, statutory information
3. Employees help desk
4. Income Tax Planning & Declarations
5. MIS & Interactive Charts
6. Attendance with Biometric
7. Online Payroll Software
8. Records, History

PocketHRMS

Pocket HRMS is the Advanced smHRt Payroll with Automated Compliance software that ensures Quick, Accurate, and Error-free advanced-level payroll processing. It checks for all the existing issues in the payroll data & provides suggestions to ensure error-free, on-time salary disbursals. Pocket HRMS is the AI machine learning advanced software that follows all the latest software trends from Automated Compliances, Increased Personalization, and Direct Bank Deposits to detailed insights.

Google Rating: 4.0
Features
1. smHRt Payroll
2. Statutory Compliances
3. Multi-company Payroll
4. Multi-Structure Payroll
5. Automated Calculations
6. F&F, gratuity, asset recovery
7. Large Data Processing
8. Dedicated ESS Portal

HR Software in India

Spine HR

Spine Technology is India’s best payroll system that provides top-notch payroll management services. It handles everything from integrated statutory compliance, pay structures, TDS, PF, ESIC, and eChallans to leave integration. Spine Technology has versatile dashboards and 400+ ready-to-use insightful reports comprising Master, Statutory & MIS.

Google Rating: 4.3
Features:
1. Pay Structures
2. 10+ categories of leaves
3. PF, ESIC, TDS eChallans & eFormats
4. Loan Management
5. Budgeting
6. Employee Information system

Beehive HRMS

Beehive HRMS is one of India’s Best Payroll Management Software, well known for offering accurate compensation & compliance. This comprehensive Payroll Management system simplifies and streamlines the entire payroll system, making payroll processing faster. It helps organizations to smoothly manage employee benefits, statutory compliance, and massive payroll calculations.

Google Rating: 4.0
Pricing: Rs. 30 per employee per month.
Features
1. User-Friendly Payroll Engine
2. Automatic Statutory Updates
3. Customizable Calculation
4. Loans and Advances Management
5. Integration with Leading ERPs
6. Salary Structure
7. Data Audits
8. Data Backup and Recovery

factoHR HR Software in Qatar

Facto HR

Facto HR is the Integrated Payroll Software that uses the wizard-driven approach to make the payroll process more straightforward and streamlined. It has a single data source to keep payroll on time every time. Facto HR is the most secure payroll system that halves payroll processing time to ensure seamless data flow from internal to external modules.

Google Rating: 4.7
Pricing: Starts at just Rs.10 per employee per month.
Features
1. Configure Auto Payroll Process
2. Salary Master
3. Data backups every 4 hours
4. Real-time system health checks
5. Auto Arrear Calculation
6. PF, ESIC, Professional Tax, TDS, EDLI, etc
7. Advance & Loan Management
8. EMI Deduction

TeamNest

TeamNest is the Top payroll software in India that offers end-to-end Payroll Automation. It allows companies to process their payroll operations, such as salary structure creation, tax computations, payslip access, etc, anywhere in a few minutes without hassle. It has the user-friendly CTC Builder option to state Salary Structure.

Google Rating: 3.7
Pricing: The plan starts at Rs 40-50 per employee per month.
Features
1. Run Payroll anytime, anywhere
2. Ensure Tax Compliance
3. Custom CTC Builder
4. Online access to Payslips and Tax Computations
5. Attendance, Leave and Expense data
6. Compliances on PF, ESIC, PT, and TDS
7. Simple integration

HR Software in India

Payroll Softwares - ZingHR

ZingHR

ZingHR is the best payroll software in India that improves the organization’s business by facilitating the day-to-day payroll processes. It efficiently handles everything from payslips, filing tax returns, integrating payroll information, etc. The payroll platform of ZingHR is easy to use and operate without any difficulties. ZingHR also offers ease of mobility & accessibility with personalized customization options.

Google Rating: 4.8
Pricing: Starts at ₹7250 for up to 50 employees.
Features
1. Salary inputs
2. MIS Output
3. Reconciliation
4. Weekly/Daily/Hourly /Outcome-based salary
5. Monthly/Weekly payments with compliance
6. Adaptable Payroll Processing

BambooHR

BambooHR

BambooHR is the award-winning payroll management software that optimizes software solutions & streamlines current payroll processes. Their Payroll ensures fast, easy, accurate paydays through its easy-to-understand pay stubs and seamless payroll runs. Their payroll software complies with state, federal, and local regulations.

Google Rating: 4.5
Pricing: Starting price ranges from $5 to $8.
Features
1. Fast, easy, and accurate paydays.
2. Employee self-service
3. Data security
4. Time and attendance tracking
5. State-by-state payroll

PulseHRM - Top 20 HR Software in India

PulseHRM

PulseHRM is a highly dedicated payroll software provider in India that covers everything from Payroll to Professional Tax setup. They are a one-stop shop to manage your payroll needs effectively. PulseHRM covers everything under their end-to-end payroll compliance services, from deduction, calculation, and returns filing for ESI, EPF, TDS, and PT to annual investment proof verification. You get a cost-effective payroll solution with added security.

Google Rating: 4.0
Pricing: Starts from Rs. 20 per employee per month.
Features
1. Synchronized Attendance and Payroll
2. Automatic TDS Deductions
3. Tax filing
4. Self-Service portal
5. Detailed Reports
6. Compliant with laws
7. Payslips & Increments
8. Expense Policy and Approvals

Wallet-HR

Wallet HR

Wallet HR is India’s leading on-cloud and on-premises payroll software that claims to simplify complex payroll calculations in three steps. It stands out from other payroll software because it can electronically process payroll for 10,000 employees within 10 minutes. You can generate the HR payroll report with critical insights. They also provide accurate processing with faster payouts.

Google Rating: 4.3
Features
1. Core-HR and Attendance modules
2. Data Generation
3. Multiple salary structures
4. Full and Final Settlement
5. Loans, tax, leave, and gratuity calculation
6. Payslip

HRMantra

HRMantra is India’s top-rated HR software. It is an integrated one-stop web-based payroll application that handles all payroll operations such as loans, income tax, salary disbursement, etc. It also offers tremendous flexibility in benefit plan workflows. The company claims to provide ten times ROI on investment by saving 30 minutes for every employee daily.

Google Rating: 3.8
Features
1. Precise salary calculations
2. Attendance finalization
3. Leave data management
4. Salary hold and release
5. Customizable salary structures
6. Comprehensive payroll documents
7. Statutory compliance
8. Detailed reporting and analytics

Payroll Softwares - Zoho

Zoho Payroll

Zoho payroll is a cloud-based payroll software invented to transform how payroll is managed. It is tailored especially in a way that can manage to fit into the Indian statutory laws, Zoho has been in the HR software business for ages now and is the leading HR software choice for all companies globally. They are well-versed in managing the entire payroll process of the entire company within a few clicks.

Google Rating: 4.5
Pricing: ₹40/employee/month.
Features
1. Automatic payroll calculation
2. Diverse salary structures
3. Pay employees on time
4. Straightforward statutory compliance
5. Employee self service
6. Data migration
7. Hikes, increments, and appraisals

Top 20 Payroll Software in India

Akrivia HCM

Akrvia is one of the fastest-growing HR software companies in India right now. They incorporate complete HR solutions from employee onboarding to offboarding. One of the most versatile features of them all is their payroll services that help to manage employees, salary, taxes, payslips, and more within a few clicks.

Google Rating: 4.4
Features
1. Personnel tracking
2. Salary structuring
3. Accurate payroll processing
4. Tax calculations and compliance
5. Employee portal for self-management
6. Customizable reports and dashboards
7. Statutory compliance

HR Software in India

What are the Benefits of Payroll Software?

Here are the benefits of Payroll Software:

1. Centralized data

With the help of online payroll software, the data is accessible from one central location. Due to this, clear communication can take place within teams. Moreover, employees don’t have to juggle here and there to access their confidential data. Such online payroll management systems offer 24*7 access to data as a helping hand to the HR & finance team in instantly handling payroll queries.

2. Fully Automation

The payroll software for SMEs works on 100% automation. Employees can easily access confidential information through automated online Payroll software in India, such as payslips, timesheets, leaves, and personal data. It eliminates the need to search, access, and modify data manually. Due to this, there is no scope for human-made errors. Moreover, it saves time and effort through its AI-driven integrated tools, ensuring smooth control over payroll functions such as automated payment processes, accurate salary disbursement, etc.

3. Easy Payroll Process

India’s best payroll management software simplifies payroll processes. Various payroll tasks have to be handled by employers, and managing them without online software makes it 10x difficult. Imagine paying monthly salaries to every employee one after another, calculating their tax deductions, etc. Big thanks to the top-notch Payroll software list existing today in the market that does everything on our behalf. The highly efficient payroll software informs employers about modifications in tax regulations, employment, tax obligations, new tax changes, etc. Henceforth, the employer doesn’t have to manually keep a tab on all such time-consuming tasks, making the payroll process highly efficient and accessible.

4. Robust Security

Security threats faced by companies today are alarming. Numerous reliable and trustworthy payroll software companies are ruling the payroll software market. It has increased the need to adopt high-end security standards. Such payroll software companies adopt state-of-the-art security & comply with the security standards where all the data shared is 100% encrypted & rests safely on the servers. It also gives alerts in case of any fishy activity & has in-house mechanisms to reject requests for accessing confidential data such as bank details, leave requests, employee numbers, etc. This way, all the financial data, employee privacy, and relevant information is 100% maintained with no chance of data breach by third parties.

5. Analytics and Reporting

The Top 20 payroll software in India helps you with comprehensive Analytics and Reporting features. It provides detailed insights into payroll data, due to which companies can have better control, customization, data handling, and decision-making. The highly advanced payroll analytics maintain the competitive edge & give them an upper hand in future payroll risk management.

Best payroll software for small business in India

Here are the List of Best Payroll Software for SMB in India:

  • Keka: Keka is HR and payroll software designed for businesses of all sizes. It offers automated payroll processing, leave management, performance tracking, and HR analytics. Keka aims to simplify HR tasks with a user-friendly interface and customizable options.

 

  • factoHR: FactoHR provides an integrated HR and payroll management system that includes payroll processing, leave and attendance management, and employee self-service features. It is designed to streamline HR operations and ensure labor law compliance.

 

  • greytHR: GreytHR is comprehensive HR and payroll software that automates payroll processing, attendance management, and compliance. It also offers modules for performance management, employee self-service, and HR analytics, catering to various business sizes.

 

  • Zoho Payroll: Zoho Payroll, part of the Zoho suite, is online payroll software designed for Indian businesses. It features payroll processing, tax compliance, and employee self-service. It integrates seamlessly with other Zoho HR and accounting tools.

 

  • Pocket HRMS: Pocket HRMS is a cloud-based HR and payroll management system that offers payroll processing, leave management, attendance tracking, and employee self-service. It focuses on mobile-friendly HR tasks.

 

  • Razorpay: Razorpay focuses on payment processing solutions but also offers payroll services as part of its suite. It provides features for automated salary disbursement and compliance management, aiming to integrate payroll with other financial operations.

 

  • HROne Inbox: HROne Inbox is HR software with payroll management. It focuses on streamlining HR processes with payroll processing, attendance tracking, and employee self-service. It aims to improve employee efficiency in general.

 

  • Qandle: Qandle is cloud-based HR and payroll software that provides payroll processing, attendance management, performance tracking, and employee self-service. It aims to offer a comprehensive solution for HR management with a focus on automation and user experience.

 

  • Wallet HR: Wallet HR is an HR and payroll management solution that automates payroll, leave management, and attendance tracking. It also provides features for employee self-service and compliance, aiming to simplify HR processes for businesses.

Conclusion

Payroll software digitally handles every payroll-related operation and reduces the carbon footprint and paper usage, making your company look more authentic, trustworthy, and professional. Whether it’s data editing, modification in the salary structures, or report generation, payroll software handles everything by letting you control decision-making. Curtail the error-prone results and simplify the payroll management tasks with the Top 20 Payroll Software in India list shared by us above.

Are you still waiting & worried about the payroll software price? StartupHR Software provides pocket-friendly Payroll software for small businesses & big MNCs on its single platform, so you don’t have to search here and there. Purchase the best payroll software, train your payroll employees, and get in control of future payroll-related decisions. But first, all you need to do is take the FREE DEMO SESSION from our payroll experts. Book now to initiate the process.

F.A.Q

 

What is HR payroll software?

It is a software system that manages, maintains, and automates employees’ pay. Organizations of all sizes can reduce costs and ensure compliance with tax laws with robust, integrated, and properly configured payroll software.

Payroll software list in 2024

  • Zimyo Payroll Software
  • greytHR
  • Zoho
  • Qandle
  • Beehive
  • HROne
  • SumHR
  • Pocket HRMS
  • Wallet HR
  • HR Mantra

What is the most used payroll software?

  • GreytHR: A popular choice for many Indian companies, GreytHR offers comprehensive payroll processing, attendance management, and compliance with Indian labor laws.
  • Keka: Known for its user-friendly interface, Keka provides payroll, HR, and performance management features, catering to businesses of various sizes.
  • Zoho Payroll: Part of the Zoho suite of products, Zoho Payroll offers payroll processing, tax compliance, and integration with other Zoho applications, making it a popular choice for small to medium-sized businesses.

How much does payroll cost in India?

According to the latest estimates, you can expect to pay around $1.50 to $5 per employee per month in the USA, and around 50 to 100 per employee per month in India. Depending on factors such as location, the cost varies.

How to Choose the Right Payroll Software for All Business

how to choose the right payroll software

How to Choose the Right Payroll Software: Complete Guide

 

Incorporating the payroll solution is a vital investment for every business to embrace long-term organizational success. Whether you are an SME or a big MNC, the system inefficiency & complexity due to the absence of payroll software lead to a waste of money & time. Utilizing a digital payroll system is imperative to enhance the precision of your system, seamlessly manage employee data, and effectively collaborate with various teams, all while significantly reducing the possibility of human errors. Furthermore, relying on a manual payroll system is difficult due to the constant changes in payroll policy.

Determining which payroll software offers the most suitable features while addressing your requirements is crucial when considering various options. So, “How to Choose the Right Payroll Software?” In this blog, we will take you through all the mandatory details of payroll software to help you make an informed decision.

What is Payroll Software?

Payroll software is a cloud-based or on-premises program designed to automate and streamline how organizations manage, calculate, and distribute wages, salaries, and other employee benefits. Bringing payroll software to your current business is crucial for long-term business success. It brings fruitful results by ensuring compliance with tax laws, minimizing the scope of human-based errors, and saving time for the HR and Finance departments. Moreover, it simplifies payroll administration by keeping accurate records of deductions, tax withholdings, working hours, and other payroll-related information.

What Makes Good Payroll Software?

Effective payroll software should have valuable features that transform businesses by adding value. Many companies expect features such as automation, security, integration, etc., when choosing payroll software. Here is what good payroll software should comprise:

 

1. User-friendliness

You will get many great features lined up in payroll HR software, but it’s only valuable if it’s user-friendly. For example, If HR and Payroll Managers waste a lot of time trying to figure out how to use different functions and find what they need, then the software isn’t making payroll work any easier or faster.

 

2. Employee Self-Service

Employee self-service in payroll software, now employee can handle their own work-related tasks through a simple portal. They can manage bank details tax details, view payslips, download company policies, and track their work hours and leave balances. This not only makes things easier for employees but also saves time for HR and payroll teams.

 

3. Automation

Payroll software’s ability to automate complex payroll processes directly impacts its effectiveness in enhancing payroll efficiency. A highly automated payroll system minimizes errors and saves valuable time for your HR team, ensuring a smoother and more reliable payroll operation.

 

4. Mobile Access

With the help of a dedicated app or a mobile-friendly interface, access to payroll information becomes instantaneous for the managers & employees.

 

5. Customization

Good payroll software allows easy customization through software configuration. This way, your organization’s specific payroll structures & policies are easily matched with the payroll software to ensure flexibility.

 

6. Accuracy

A highly effective payroll software provides accurate calculations of deductions, taxes, employee benefits, and timely disbursement of salaries. It ensures that the staff is paid the correct amount that adheres to the legal norms.

 

7. Integration

Integrations are the final step when proceeding towards payroll automation. It is very convenient and easy for the payroll team, such as calculating employee wages and formulating bulk payments automatically means less workload for the payroll team. Businesses serious about making the payroll as automated and effective as possible need to go beyond and integrate their payroll software with other tools like biometric systems. In this approach, businesses can automate payroll while minimizing human involvement.

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8. Cost-Effectiveness

Cost-effectiveness in payroll software is about getting the most value for your investment. A good payroll system streamlines processes, cuts down on manual errors, and saves time, which all lead to cost savings. Instead of spending hours on payroll tasks, your team can focus on more strategic activities, making the best use of their time and skills.

 

9. Tax Compliance

Ensuring tax compliance is a critical aspect of payroll management, and the right payroll software plays an important role in this. It should be up-to-date with the latest tax laws and regulations to calculate deductions accurately and manage employee withholdings. This helps in submitting correct tax filings and avoiding potential legal issues and penalties associated with non-compliance.

 

10. Scalability

The effectively designed payroll software easily handles the daily changes in the organization, such as the increasing or decreasing number of employees.

 

11. Reporting

Payroll software provides valuable data and insights into payroll and workforce management. A robust payroll system should offer a range of customizable reports, enabling businesses to track and analyze employee hours, payroll expenses, tax deductions, and other critical data.

 

12. Security

Security is important when it comes to payroll software, as it handles sensitive sensitive employee information and financial data. A secure payroll system ensures that all data is protected from unauthorized access and breaches, maintaining the confidentiality and integrity of employee information. It should employ robust encryption methods, secure login protocols, and regular security audits to safeguard data.

 

13. Support

Just like any software or product services, the payroll software should also come with compatible customer support. Payroll is critical for all organizations, and if there are any problems with payroll, it can result in severe repercussions that can put the company as, the employees, in a problematic spot. If there is a problem, then the customer should be available to solve the issue as quickly as possible.

Overall, good payroll software provides a solution to existing businesses by simplifying & streamlining their payroll process. It meets your organizational needs by ensuring data security, integration, accuracy, compliance, etc.

How do you Evaluate a Payroll System?

Here are some tips for evaluating a payroll system

 

How Payroll Software Works?

Payroll software works by automating, streamlining & computing every aspect of the payroll process. Payroll systems handle everything on behalf of the HR department, from paying salaries, tracking working hours, delivering checks, and calculating earnings to filing payroll taxes. It saves time, effort & energy for HR professionals to focus on key business areas. As a result, the payroll system minimizes the manual tasks & the scope of human-based errors.

 

How does Payroll Software Process Salary & Calculate Taxes?

A detailed discussion with the payroll provider on how the Payroll software processes salaries and calculates taxes can be helpful in the evaluation process. Generally, they follow direct deposit arrangements with trusted banks for employee salary disbursements to their respective bank accounts. The payroll software automatically computes employee state insurance (ESI), provident fund (PF), income tax, professional tax (PT), and labour welfare fund (LWF). It also helps set different work locations for individual state regulations, stay updated with the tax laws, personalize the PF settings, and generate structured reports for tax filing & handling commissions, bonuses, holiday pay, & cost reimbursement.

 

Is it a Cloud-Based Payroll?

One of the critical parameters to consider while evaluating a payroll system is if it’s cloud-based software. As per one of the survey-based articles released by ‘Business Wire,’ 64% of organizations with cloud-based HR platforms have achieved more excellent business value & returns on their investments. Data on the cloud is 100% secure compared to on-premise data because of data encryption, security management, etc. It easily simplifies & upgrades the HR systems, allowing employees to work from anywhere.

 

What is the Implementation Process?

As far as the implementation process is concerned, the payroll software companies in India start the process by collecting your specific requirements and take a few weeks to evaluate the needs before coming up with the testing & final configuration. Here, you need to understand How to Choose Payroll Software by differentiating between time-consuming payroll providers & efficient payroll-providing firms. The best payroll software companies initially provide the demo sessions by preparing the testing & implementation environment within a few hours of your request for payroll software. It allows you enough time to experiment and configure the process.

 

Does it Integrate with Existing Systems?

Always look for payroll software that can easily integrate and merge employee payroll with your existing HR system. Some examples of integrated payroll software are time & attendance tracking, sick pay & vacation requests processing. Moreover, it should have application programming interfaces (APIs) to synchronize the employee data accurately in real-time. An integrated HR system with payroll software reduces your paperwork, eliminates duplicate data entry, and enables integrated reporting.

What Security Measures are in Place?

Payroll processing comprises employees’ confidential data such as salary figures, bank account details, addresses, identity proofs, etc. A strict security system that follows International Security Standards Protocols is required for a smooth payroll process to avoid data leakage, data breaches, or hacking. Check for security features like two-factor authentication and ISO/IEC 27001 security certificate while purchasing the payroll software.

 

Does the Reporting and Analytics Features work?

Payroll reports are crucial for tax filing, budget analysis, and governance. Before finalizing the payroll software, check if it provides relevant payroll expense data such as reimbursement, payment summaries, and salary registers. Also, understand if the software offers pre-formatted reports for tax filing. Ideally, once you know How to Choose Payroll Software, ensure that it generates the following report:

  • Form 24Q for quarterly filing
  • EPF-ECR reports for EPF returns filing
  • ESIC reports for ESI returns filing
  • Reports for Tax Deducted at Source (TDS).

 

Can Employees Use Self-Service Features?

The major payroll challenge the HR department faces is constantly answering employees’ questions related to their paid time off (PTO) balances, withholding, pay stubs, salaries, tax deductions, etc. With the help of Employee Self Service, such payroll processes are automated, allowing employees to

  • View and download payslips
  • Create, modify, and submit income tax plans
  • Directly apply for leaves
  • View attendance regulations
  • Use the help desk to raise tickets

 

How Much does Payroll Software Cost?

The cost of Payroll software generally depends on the reputation, experience, customer base & valuable features offered by the payroll firms. It can cost as low as INR 29/- per month or as high as INR 2450/-.

The payroll providers set different pricing models for payroll services & various factors define the additional fee they charge. They might have a monthly fee model, a quarterly fee model, or an annual fee model. Most of them charge a fixed amount for their services.

Moreover, the cost will vary based on whether you opt for a basic plan, a standard procedure, or a premium-level enterprise plan. Also, check for hidden costs incurred in scalability, customer service, setup, cancellation fees, training, etc.

Which is the Best Payroll Software in India?

Top 7 Payroll Software to Simplify Your HR Task

 

1. KekaHR

KekaHR is a cloud-based HR and payroll software that serves startups, SMEs, and agencies. It offers a simplified yet configurable payroll process primarily focused on user experience. Keka’s payroll-based system smoothly integrates with essential HR functions leading to accurate calculation of tax & payroll.

Features

  • Multi-user login
  • Payroll management
  • Asset management
  • Loan & advances management
  • Expense management
  • Payroll integration

 

2. greytHR

greytHR is one of the most preferred payroll software that offers prominent features to SMEs and large businesses. It streamlines the entire HR process by automating Payroll Management, attendance, and leave tracking. The greytHR payroll software manages 10 lakh employee records daily and has provided satisfactory results to 9,000+ customers.

Features

  • Expense management
  • Reimbursement management
  • Taxation management
  • Geo tracking
  • Employee Lifecycle Management
  • Overtime Calculation

 

3. Zimyo

Zimyo is India’s #1 Employee Experience Platform & a reputed payroll software system. The software has a user-friendly interface helping even the non-tech-savvy to understand & operate the system efficiently from scratch. Its price starts from INR 80/- per month & goes to INR 200/- per month.

Features

  • Reimbursement management
  • Statutory Compliances
  • Survey Management
  • Taxation Management
  • Real-Time Reporting
  • Salary computation

 

4. Qandle

Qandle is an end-to-end payroll & HR solution with 20+ modules for StartUps, Enterprises, SMEs, and Agencies. It is super intuitive & has a fully functional mobile app and 100% configuration capability. Its pricing starts from INR 49/per employee/month.

Features

  • Statutory compliance
  • Claims and advances
  • Statutory Compliances
  • Reporting/Analytics
  • Taxation Management
  • Automated check-ins

 

5. Spine HR

Spine HR is a popular premium Payroll Management software. It’s a flexible and straightforward open-source database with a user-friendly interface. The software stays up-to-date with the trending features providing value for money. Spine HR is a one-stop solution if you are a business whose HR functions often need a change where scalability is required.

Features

  • Statutory Compliance
  • Employee Information System
  • Web Based Module
  • Mobile Support
  • Multi User Login & Role-based access control
  • Salary Information & History

 

6. Pocket HRMS

Pocket HRMS is the leading Payroll Software in India that revolutionizes HR and Payroll operations. It brings every operation digital related to HR, payroll processing, onboarding, attendance, etc. With the help of cloud and mobile technologies, employees can access their sensitive data instantly on the go from anywhere. Its price starts from INR 4995/- for up to 100 employees.

Features

  • Multi-company and Multi structured payroll
  • Forms generation
  • Employee self-service
  • Loan & Advances Management
  • Exit Management & Separation Management
  • MIS reports

 

7. Akrivia HCM

Akrivia HCM is a new age simple and effective Payroll Software Solution for businesses. It promotes employee engagement, efficiency, and enhanced productivity at the workplace. Akrivia HCM has won the “User Recommended Winter 2023 Award” by Software Suggest.

Features

  • Employee loans and advances management
  • API Integration
  • Formula Defined Salary Calculation
  • Asset Management
  • Audits trail
  • Taxation Management

Conclusion

In conclusion, Choosing the right Payroll Software that specifically meets your organization’s needs can be complex. However, your need for clarification regarding How to Choose Payroll Software ends with our many choices. Our HR experts at StartupHR Software find the best Payroll Software at a pocket-friendly price to suit your unique requirements. We offer a 100% Comprehensive HR Management Solution.

As a result, employee engagement increases through HR automation, minimized manual work & real-time data analytics. Further, we schedule a FREE OF COST Demo Session to let you understand all the prerequisites of the system & how it can take your business to new heights by saving time. Also, we have partnered with Top HR Software companies that simplify your payroll process in the blink of an eye.