21 Payroll Software in India With Features and Pricing (2024)
Continuously managing payroll is a critical aspect that directly impacts company growth. Payroll Software is not a digital ledger for recording salaries. It is a comprehensive solution designed to simplify and automate complex employee salaries and tax-related work. In India, businesses thrive on innovation and adaptability. The quest for the Top 10 Payroll Software in India has become a strategic pursuit.
What is a Payroll Software?
Payroll software in India is a comprehensive solution designed to streamline and automate the management of employee payments. It covers various aspects, such as salary processing, reimbursements, and tax-related tasks, ensuring businesses comply with financial regulations and tax laws. The software offers a wide range of benefits, including automated payslip generation, time tracking, financial management, and tax filing.
This secure and cost-efficient tool minimizes errors, saves valuable time, and proves to be an indispensable asset for businesses of all sizes. With numerous payroll software options available, each offering unique features and benefits, you can choose the one that aligns perfectly with your specific business requirements.
if you are looking for the Top 10 Payroll Software in India, consider the first 10 as reputable options that gained recognition for their cost effectiveness and user satisfaction in the Indian market.
Benefits of Payroll Software in India
1. Error-free calculation
Human errors are natural. The small miscalculation leads to the worst financial problems and employee dissatisfaction. Payroll software is a digital marvel that reduces and eliminates the age-old specter of human error. HR finds the challenges of managing a huge workload and calculating Employee salaries. The software ensures that every paycheck is carefully calculated and avoids inaccuracies.
2. Save Time and Money
Time is the currency of productivity; with the Payroll management system, you do not have to worry about manually entering employee details and manual salary calculation. At the initial stage, you must enter employee details and payment structure. Tedious tasks like salary slip generation and tax calculation data entry are executed in a few clicks.
3. Data Security
In the age of the digital world, Sensitive information like employee data, confidential information, and compliance must be secure. In a world fraught with cyber threats, the impenetrable shield of HR and payroll software offers peace of mind and fortifies the organization’s reputation.
4. Calculate salary, bonus, tax
You do not need to worry! The software gives you frequent notifications on payroll tax rules and regulations changes. It also ensures compliance with changing laws and reduces the risk of penalties. Many software provides a self-service portal allowing access to the stubs, tax forms, and other payroll-related information. The software generates accurate tax reports and enables easy tax form filing.
5. Analysis and Reporting
This feature provides valuable insights and decision-making capabilities to improve payroll management and admin operations. You can extract information from tax, bonuses, payroll records, Employee salaries, etc. With accurate analysis and reporting, an organization can optimize Financial planning and ensure compliance.
Top 21 Payroll Software in India
1. Keka
Keka is a provider of HR and payroll software solutions. Their platform is engineered to assist companies in managing their HR processes efficiently. Keka was founded with the aim of simplifying and optimizing HR management for organizations of all sizes.
Google Rating: 4.1
Features:
1. Payroll Management
2. Expense Management
3. Employee Self-Service (ESS)
4. Leave & Attendance Management
5. Mobile Application and GPS tracking
6. Onboarding and Offer Management Software
7. Recruitment/Performance Management Software
8. Formula Defined Salary Calculation
9. Statutory Compliance
10. MIS Reports
Pricing: ₹6,999/month (up to 100 employees)
Location: Hyderabad
2. Pocket HRMS
Pocket HRMS is an AI-based comprehensive hire-to-retire HR solution which ensures streamlined HR operations and improved employee engagement. This fully scalable cloud-based HRMS provides you with a multitude of features such as smHRt Payroll, smHRty Chatbot, Geofencing-based Attendance, and more. It also comes with automated compliance handling and dedicated mobile apps for complete freedom.
Google Rating: 4.0
Features:
1. Cloud-based Scalable HRMS
2. AI-enabled Chatbot smHRty TM
3. Machine Learning-based
4. Geotagging & amp; Geo-fencing
5. Facial Recognition-based Attendance
6. Enhanced Integrations
7. Dedicated ESS Portal
8. Remote Access with Mobile Apps
9. Custom Report Generation
10. Email Notifications
11. Intuitive User Interface
Pricing: ₹4,995/month (up to 100 employees)
3. 247HRM
247HRM offers the best HRMS and payroll software solutions. Since 2016, their products have been helping customers meet their HR needs. They have more than 1500 clients from different industries who use 247HRM’s HR management solution to solve significant HR problems.
Google Rating: 4.4
Features:
1. Statutory Compliance
2. Leave & Attendance Management system
3. Shift Management
4. Employee self-service
5. Asset Management
6. Digital Onboarding
7. Employee Document Management
8. Income Tax & Deductions
9. Multiuser Login & Role-based access control
10. Online Tests & Psychometric Tests
Pricing: Starts from Rs.30 per employee per month.
Platforms: Mobile App IOS and Mobile App Android.
4. Zimyo
Zimyo is a leading provider of cloud-based HR, performance, applicant tracking (ATS), and engagement, and comes under the top 10 Payroll software in India. The company was founded in 2018 by Kumar Mayank and Ajay Singh with a vision to provide organizations with a comprehensive solution for managing the entire HR management.
Google Rating: 4.5
Features:
1. Performance Management System
2. Payroll Deductions- PF, ESI, TDS, etc.
3. Time and Attendance Management System
4. Recruitment and Onboarding
5. Payroll and Expense Management
6. Calculation of Arrears
7. Peer-to-Peer Recognition
8. Revisions of Salary
9. Automated Payslips
10. Deductions of Penalties
Pricing: Basic plan starts at ₹60/employee every month for up to 40 employees and can go up to ₹250/month, based on the modules you want to use.
Platforms: Web-based, Cloud
5. HR One
HROne was established in 2016 to streamline and automate HR functions loaded by outdated, laborious manual processes. As a result, the human capital management (HCM) suite is available for businesses that are intelligent and ready for enterprise use. This suite automates HR processes, simplifies human interactions, and provides valuable insights to improve work environments.
Google Rating: 4.5
Features:
1. Auto CTC Calculator
2. Recruitment Management
3. Attendance & Leave Management
4. Payroll Scheduler
5. Multiple Salary Structure
6. Mobile Time Tracking
7. Project Management
8. Travel Management
9. Accuracy in Payouts
10. Workforce Management
Pricing: Starts from Rs.50 per employee per month.
6. UBS App
UBS is a comprehensive business management platform that enables customers to foster growth, streamline HR management, and enhance employee productivity. They aims to create an efficient and valuable work culture that empowers a skilled, creative, and timely workforce. By integrating various processes, UBS aims to simplify business administration, improve collaboration, and monitor performance at a macro level.
Google Rating: 4.6
Features:
1. Employee Management
2. Clock In/Clock Out
3. Employee Work History
4. Single Dashboard
5. Payroll History
6. Government Compliance
7. Salary Slip Generation
8. Reports & Analytics
9. Bonus & Calculations
10. Adding New Employees
Pricing: Available at Request
Platforms: Mobile App IOS and Mobile App Android
7. Opportune HR
OpportuneHR has been in the HR-Tech industry for over a decade and has received recognition and awards for its innovative products and solutions. The software is designed to help businesses automate their HR processes, streamline workflows, and improve employee management.
Google Rating: 4.3
Features:
1. Fast, On Time and Accurate Payroll
2. Generate a Pay register
3. Publish Release & Hold Salaries
4. Arrears & Increment computation
5. Employee Investment Declaration
6. Loans and Advances Computation
7. Full and Final Settlement
8. Variable Adhoc Payment
9. PF Challan, PT & ESIC Registers
10. JV Passing To Accounting System
Pricing: Available at Request
Platforms: Mobile App IOS and Mobile App Android
8. greytHR
Established to offer affordable and valuable software solutions for HR to businesses worldwide, GreytHR has successfully achieved this goal since 2009. Its efficient automation features and cost-effective pricing have made greytHR a popular choice among over 20,000 companies worldwide, including major industry players such as Chai Point, Volvo, Teamlease, and Hexaware. GreytHR can be considered the top 10 Payroll Software in India for your business needs.
Google Rating: 4.4
Features:
1. Biometric Attendance Management
2. Mobile App
3. Ad Hoc Reports
4. Leave & Absence Reporting
5. Expense Reporting
6. Statutory Compliance
7. Reimbursement Management
8. Pay Slip
9. Time & Attendance Management
10. Document Management
Pricing: Starts from Rs.30 per employee per month.
Platforms: Android, Linux, Windows.
9. Pagarbook
Founded in 2019, PagarBook has simplified HR management for small and medium-sized businesses in India. The app’s user-friendly interface, affordability, and efficiency have contributed to its popularity, with over 1.5 million businesses across India currently using it, making it one of the fastest-growing HR management apps in the country.
Google Rating: 3.9
Features
1. One-click Payments
2. Get Payslip and SMS Notifications
3. Intelligent Reporting
4. Keep Track of your Staff Attendance
5. Customize Salary Structure
6. Selfie/Location Attendance
7. Manage your Staff Salary, PF, Advances & Deductions
8. Leave Management
Pricing: Starts from 5000/ year (Up to 10 employees)
Platforms: Mobile App IOS and Mobile App Android
10. Kredily
Kredily was established in 2017 with the aim of simplifying HR management for businesses in India. It has gained prominence for its affordability, user-friendly features, and wide range of offerings. Currently, it is utilized by over 6,000 businesses across India, catering to various scales, from small startups to large enterprises.
Google Rating: 4.4
Features
1. Payroll Processing
2. Leave and Attendance
3. Disburse Salaries Online & Offline
4. Greet- Video conferencing
5. Legal Compliance Tracking
6. Expense management
7. Employee Payslips
Pricing: Plans start at ₹1,499 for a (maximum of 25 employees), with an additional cost of (₹40-₹50) per extra employee.
Platforms: Android, IOS
11. Qandle
Qandle HRMS is a leading Best Payroll Software in India, offering a cloud-based HR solution that is designed for modern organizations. Also, It offers a comprehensive suite of features covering the entire HR activities, from recruitment to retirement. In addition, the implementation process is quick and seamless, ensuring businesses can start using Qandle in no time.
Google Rating: 4.6
Features:
1. Employee Compensation
2. Attendance and leaves Integration
3. Statutory Compliances
4. Claims & Advances
5. Payroll & Compliance Advisory
6. Expense & Asset Management
7. Travel Requests Management
8. Recruitment Management
Pricing: Entry-level plan begins at ₹2450 per month, covering up to 50 employees, with an additional charge of ₹49 per month for each extra employee.
Platforms: Mobile App IOS and Mobile App Android
12. Ramco
Ramco Systems was founded in 1999 and is headquartered in Chennai, India. It is an enterprise software company that provides solutions for industries such as aviation, logistics, manufacturing, and more. The company’s comprehensive global HR software, Ramco HCM, is designed to simplify and streamline HR processes, making them more efficient and effective.
Google Rating: 4.1
Features:
1. Employee Onboarding
2. Time & Attendance
3. Contract Workforce Management
4. Finance & Accounting
5. Asset Management
6. Pay Slips & Reports
7. Travel Expense
8. Loan & Advance Management
Pricing: Available at Request.
Platforms: Mobile App IOS and Mobile App Android
13. ADP India
ADP India is a prominent company that specializes in providing Payroll and compliance services in all states of India. In addition, they collaborate with businesses in the Asia-Pacific area to provide flexible solutions for Payroll, statutory compliance, leave management systems, and time and attendance management, catering to organizations of all sizes.
Google Rating: 4.1
Features:
1. Payroll Reconciliation
2. Employee Benefits Management
3. Global Payroll Services (Multi-Country Employees)
4. Time and Attendance Management
5. Workforce Management
6. Employee Onboarding and Offboarding
7. Employee Taxation and Form Generation
8. Reporting and Analytics
Pricing: Available at Request
Platforms: Mobile App IOS and Mobile App Android
14. Quikchex
Quikchex, which started operating in 2013, has provided digital HR solutions to numerous businesses in India across various industries, including small, medium, and large enterprises. Their user-friendly and extensive digital HR solutions have aided their clients in developing a modern workforce. Moreover, they have a reliable backend support team to complement their services.
Google Rating: 4.3
Features
1. Core HR Software
2. Payroll Compliance Management
3. Attendance Software
4. Leave Software
5. Mobile App
6. Employee Self Service
7. Expense Management
8. Performance Management
9. Recruitment Software
10. Timesheets Software
Pricing: Self Service – Starts at Rs 6,000 Per Month, Full Service – Starts at Rs 8,000 Per Month
Platforms: Mobile App Android
15. Saral Paypack
Saral PayPack is a payroll software company based in India. They aim to offer comprehensive and efficient payroll software solutions to businesses of all sizes. The Saral PayPack software is specifically designed to cater to the Indian market, complying with all the necessary statutory requirements.
Google Rating: 4.5
Features
1. Salary Structure Creation
2. Extensive Database
3. Easy Excel Import
4. Payslip Generation
5. Leave Cycle
6. Managing Leave
7. Reimbursement Claims
8. Mobile APP
Pricing: Available on request
Address: #73, 2nd Floor, Shreelekha Complex, WOC Road Mahalaxmipuram, Bangalore-560086
16. HRM Thread
HRM Thread India is a leading provider of payroll and HR software solutions. Their Payroll software in India is designed to help businesses manage their payroll and HR tasks quickly and efficiently with minimal input. HRM Thread India offers accurate and reliable solutions for managing Payroll and HR, providing businesses with the necessary information to make informed and confident decisions.
Google Rating: 4.7
Features
1. Loans and Advancement Management
2. Payroll Processing
3. Payslip Generation
4. Reimbursement Management
5. PF Calculations and Reports
6. Full and Final Payment
7. TDS & Tax Planner
8. Travel Management
Pricing: Available at Request
Platforms: Mobile App IOS and Mobile App Android
17. Paybooks
Paybooks is a cloud-based HR and payroll management software company based in India. Since 2012, they have assisted over 3,000 businesses across India in automating their payroll processes, ensuring compliance with regulations, and providing their employee’s satisfactory experience. Paybooks is committed to keeping its software up to date with the latest technology, ensuring that its clients benefit from the most advanced and efficient payroll management software available.
Google Rating: 4.5
Features
1. Guided Payroll Run
2. Auto Sync with Biometric Devices
3. Preview Reports
4. Auto-Generated Salary Slips
5. Leave & Expense Management
6. Employee Exit Management
7. API Access
8. Biometric Intergration
9. Better Income Tax Planning
10. Increment Details
Pricing: REGULAR PLAN – ₹2,999/month (Up to 30 employees), PREMIUM PLAN ₹4,999/month (Up to 30 employees)
Platforms: Mobile App IOS and Mobile App Android
18. SalaryBook
SalaryBook is a mobile app that brings Employee Management to the fingertips of Indian SMEs. The company’s primary goal is to provide businesses with a streamlined and efficient payroll management solution. SalaryBook’s software is also compliant with all statutory requirements, making it an ideal choice for businesses looking for a reliable and compliant payroll management solution.
Google Rating: 4.0
Features
1. Clear record of Salaries
2. Advance Payments
3. Allowances
4. Bonus
5. Deductions
6. Reporting and Compliance
7. Integration with Accounting Systems
8. Customization and Scalability
Pricing: Starting from Rs. 6000 (Up to 20 employees) per year
Platforms: Mobile App IOS and Mobile App Android
19. PeopleStrong
PeopleStrong is a leading HR solutions company that provides businesses with various services, including recruitment, Payroll, performance management, and more. Their flagship HR software, Alt Worklife, is a comprehensive solution that can help businesses manage their HR processes more efficiently and effectively.
Google Rating: 4.2
Features
1. Effortless Payroll Processing
2. Time and Attendance Management
3. Custom Report Builder
4. Manage Multiple Salary Structures
5. Calculates TDS, EPF, ESI, and more
6. Employee Taxation and Form Generation
7. Performance Incentives and Bonuses
8. Mobile Accessibility
Platforms: Mobile App IOS and Mobile App Android
20. RazorpayX
RazorpayX, a leading best Payroll Software in India, With Razorpay’s payroll services, you can efficiently manage employee salaries, benefits, and tax calculations. The platform automates complex payroll tasks, ensuring accuracy and compliance with tax laws and regulations. With secure data storage and privacy controls, you can trust Razorpay to handle sensitive payroll information with the utmost confidentiality.
Google Rating: 4.6
Features
1. Time & Attendance Management
2. Vacation & Leave Tracking
3. Leave & Absence Reporting
4. Group Health Insurance
5. Exit Management & Separation Management
6. Workforce Management
7. Employee Insurance
8. TDS, PF, PT, and ESI
Pricing: Start from Rs. 100 per employee every month.
Platforms: Windows & IOS
21. Darwin Box
Darwinbox is a cloud-based payroll software in India that was founded in 2015. The company’s mission is to revolutionize the HR industry by providing cutting-edge, technology-driven solutions that enhance employee experiences and streamline HR processes. The platform is designed to be intuitive and user-friendly, making it easy for businesses to manage HR functions.
Google Rating: 3.7
Features
1. People Analytics
2. Onboarding Core
3. Travel & Expenses Tracking
4. Engagement Talent Management
5. Time Attendance
6. MIS & Analytics
7. Expense Management
8. HR Workflow
Pricing: Starts from Rs.200 per employee per month.
Platforms: Android, IOS, Web App.
Frequently Asked Questions
Q: Which are the Top 10 Payroll Software in India?
A: The top 10 Payroll Software in India include Keka, Pocket, 247HRM, HR One, Opportune HR, greytHR, Pagarbook, Kredily, Qandle, and Zimyo. They offer divers features for startups, Mid-sized businesses, and enterprises.
Q: How can payroll software help businesses?
A: Payroll software automates salary calculations, tax deductions, and labor law compliance. It simplifies procedures, minimizing manual mistakes and ensures payroll processing is completed on time. Choose software with easy-to-use interfaces and integration capabilities to ensure smooth functioning in your corporate setting.
Q. What is the Cost of Payroll Software?
A: The estimated cost of payroll software can range from Rs. 30 to Rs. 50. It is based on factors like the number of employees, the complexity of tasks it can perform, and other features or services. Assess payroll software costs by considering features, scalability, and customization options. Choose a solution that aligns with your budget while ensuring efficient payroll management.
Q: What are the most features to look for in the best payroll software for Indian businesses?
A: Look for features like automated tax calculations, Indian employment law compliance, leave management, and support for various payment ways.
Q. How to Choose the Best Payroll Software in India?
A: The best payroll software focuses on tax law compliance, scalability, smooth connection, and user-friendly customization. Whether cloud-based or on-premise, make sure frequent updates and timely customer support for a streamlined payroll administration solution that matches your business demands.