Performance Appraisal Policy Template
February 13, 2023
SOP for HR Department Sample
February 21, 2023
Top 10 Payroll Software in India
Choosing the Best payroll software in India means considering user-friendliness, security, reliable customer support, and compliance with legal requirements. Payroll management solutions streamline administrative tasks and improve accuracy, reducing errors and boosting efficiency. Whether you’re a startup or a large company, investing in the right payroll software ensures timely salary payments, enhancing employee satisfaction and supporting business growth.
Contact us today and get up to 40% off discount on your favorite Payroll Software in India today.
What is Payroll Software?
Payroll software 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.
Why do organizations use payroll software?
Payroll software streamlines and manages employee compensation for millions of companies worldwide:
- Timeliness and accuracy. Employee payments can be complex and time-consuming, especially with mergers and acquisitions, increased hiring, and shifting regulations. Organizations can ensure employees are paid on time by using payroll software. Employees will feel more confident and trusting as a result.
- Transparency. In most organizations, personnel costs are the largest expense. In addition to payroll software, finance and accounting software are also integrated with payroll software. As a result, organizations can stay on budget, create timely reports, and plan ahead.
- Flexibility to adapt and scale. It is easy to make changes to a payroll system. As an example, when an office opens in a different region with different taxes and regulations, the software automatically updates. As a result, employees do not have to enter their own data.
- More time for high-level tasks. Payroll software can save organizations hours every month, allowing them to devote that time to other vital business activities
Benefits of Best Payroll Management Software in India
The benefits of HR payroll software are numerous and can greatly impact the efficiency and effectiveness of a company’s human resources and payroll operations. Here are some of the key benefits:
- Data Security: HR payroll software keeps employee information safe from unauthorized access and meets data privacy laws.
- Cost Savings: Automating payroll reduces manual work, saving significant costs over time.
- Compliance: Helps businesses comply with local tax and labor regulations through automated calculations and reporting.
- Generate Payslips: Simplifies creating accurate payslips, ensuring transparency and minimizing errors.
- Save Time: Automates payroll tasks like calculations, deductions, and payments, freeing HR teams for strategic work.
- Analysis and Reporting: Provides detailed analytics and reports for informed decision-making about payroll data.
- Employee Self-Service: Empowers employees to access payslips, update details, and manage leave efficiently.
- Increase Employee Satisfaction: Streamlines payroll processes, ensuring on-time payments to boost morale.
- Tax Updates: Automatically updates tax rates for precise payroll calculations that meet current laws.
- Accuracy and Precision: Automated calculations ensure accurate payroll processing and legal deductions.
- Security: Implements strong measures to protect payroll data, maintaining confidentiality and integrity.
- Time and Attendance Tracking: Automates tracking of employee hours, ensuring accuracy and compliance with labor laws.
- Payroll Management: Simplifies payroll with automated calculations, deductions, and centralized data for accuracy and compliance. Provides detailed reports for effective financial management.
What are the Key Features to look for in a Payroll Software for Indian Businesses?
However, Indian businesses should look into the following key features before implementation:
- Compliance with statutory requirements is easy
- Automated payroll calculation methods
- Management of leave and attendance through integration
- A flexible salary structure that can be customized
- Decision-making capabilities based on reporting
- Easy review with an audit trail
- Employee self-service via mobile devices
- Dedicated customer support
Top 10 Payroll Software in India
Payroll software in India has become an vital device for companies to manage their employee salaries, taxes, and compliance necessities effectively. With the increasing complexity of Indian labor laws and rules, payroll software has grow to be a crucial aspect of HR management.
1. Keka
Keka is one of the Best HR and Payroll software in India. 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. Keka claims that it is the “only HR payroll software in the industry that facilitates easy participation of non-finance roles such as HR members in salary operations”. It also allows users to release their payslips digitally or in SMS format too.
Features:
- 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
Keka Google Rating: 4.1
Keka Pricing: ₹6,999/month (up to 100 employees)
Keka Suitable for : Medium and Large organizations
Keka Location: Hyderabad
2. Pocket HRMS
Pocket HRMS is the Best payroll software for small Business in India, its 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 It also comes with Cutting-edge HRMS offers comprehensive solutions with improved efficiency. Its features, such as automated chatbots, interactive dashboards, and customizable modules, optimize HR processes
Features:
- Cloud-based Scalable HRMS
- AI-enabled Chatbot smHRty TM
- Machine Learning-based
- Geotagging & amp; Geo-fencing
- Facial Recognition-based Attendance
- Enhanced Integrations
- Dedicated ESS Portal
- Remote Access with Mobile Apps
- Custom Report Generation
- Email Notifications
- Intuitive User Interface
Google Rating: 4.0
Pocket HRMS Pricing: ₹4,995/month (up to 100 employees)
Pocket HRMS is Suitable for : Small, Medium and Large organizations
3. Craze
Craze is a rapidly emerging HR and Payroll software among fast-growing teams. Its all-in-one people management system streamlines HR, IT, and Finance tasks effortlessly. Users rave about Craze’s swift onboarding and support, with responses arriving in minutes. The modern interface, robust approval workflows, real-time app sync, and budget-friendly pricing make it a standout choice. Plus, there are no restrictions on policies, document storage, salary structures, or any other processes!
Pricing
Craze’s pricing is based on the app you choose. All apps work seamlessly together or independently.
- Core HR: ₹40/month per person
- Payroll: ₹60/month per person
- Leaves: ₹40/month per person
- Time and Attendance: ₹40/month per person
- Equipment Management: ₹40/month per person
Transparent pricing without restrictions:
- No minimum user commitment
- No setup or implementation fees
- No extra cost for fast support
- No minimum lock-in period
- No feature gating and restrictions
- Full refund if you are unhappy
Features
- Employee lifecycle management
- Automated, compliant payroll processing
- Leave management system with payroll sync
- Attendance and time tracking
- Geolocation and geofencing rules
- Equipment management
- PF, PT, TDS reports and exports
- Employee Self-Service (ESS) with payslip and reimbursements
- Accounting software integration
- Contractor management and payments
Here are the top 8 benefits of using Craze Payroll Software:
- Automated Payroll Processing: Streamlines the payroll process by automating salary calculations, deductions, and benefits, reducing manual errors and saving time.
- Salary revisions: Automatically calculate payroll for past or future salary revisions
- Compliance Management: Ensures adherence to local and national labor laws, tax regulations, and statutory benefits with automatic updates to reflect legal changes.
- Customizable Reports: Offers a range of customizable reports for payroll summaries, tax details, and attendance, providing valuable insights and facilitating decision-making.
- Self-Service Portal: Allows employees to access their pay stubs, tax documents, and payroll information, reducing the administrative load on HR teams.
- Approval criteria: Setup and automate custom approval processes for reimbursements, leaves, attendance, payroll run processes with strong access controls
- Expense Management: Simplifies managing and reimbursing employee expenses with built-in tools for expense approvals and tracking.
- Time and Attendance Tracking: Includes features for monitoring employee time and attendance, ensuring accurate payroll calculations based on actual working hours.
- User-Friendly Interface: Provides an intuitive and easy-to-navigate interface, making it simple for HR professionals to manage payroll and related tasks efficiently.
4. 247HRM
247HRM is one of the Best HR and Payroll Software providers in India. 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.
Features:
- 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. Multi User Login & Role-based access control
10. Online Tests & Psychometric Tests
Google Rating: 4.4
247HRM Pricing: Starts from Rs.30 per employee per month.
247HRM Platforms: Mobile App IOS and Mobile App Android.
247HRM Suitable for : Small, Medium and Large organizations
5. 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. With Zimyo Payroll, all important features may be tracked, including employee loans, leaves, compliance, attendance, and more.
Features:
- 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
Google Rating: 4.5
Zimyo 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.
Zimyo Platforms: Web-based, Cloud
Suitable for : Small, Medium and Large organizations
6. 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 automated HR processes, simplifies human interactions, and provides valuable insights to improve work environments.
Features:
- 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
Google Rating: 4.5
HR One Pricing: Starts from Rs.50 per employee per month.
Suitable for : Small, Medium and Large organizations
7. UBS App
UBS is an all-in-one business control platform. We empower our clients to develop their commercial enterprise, without problems controlling it and convey out the first-rate productiveness from their personnel. We try to create a green and valued work lifestyle that empowers a creative and well timed dedicated staff. The sole cause of UBS is to make enterprise management easier than ever earlier than. Its interconnected approaches will help you grow efficiency, foster collaboration, and macro-screen performance.
Features:
- 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
Google Rating: 4.6
UBs Pricing: Available at Request
Platforms: Mobile App IOS and Mobile App Android
8. 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.
Features:
- 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
Google Rating: 4.3
Opportune HR Pricing: Available at Request
Platforms: Mobile App IOS and Mobile App Android
9. greytHR
GreytHR provides productivity capabilities for stepped forward HR and payroll management, greytHR is a well-known best payroll software in India. Since its founding in 2019, it has supplied small and medium-sized companies with dependable human beings to control answers. They have an employee self-carrier platform that permits extra body of workers participation and standard time financial savings. Among the businesses linked to greytHR are Toshiba, Deloitte, Chai Point, Volvo, Teamlease, Hexaware, Capgemini and HealthifyMe. GreytHR may be considered the pinnacle 10 Payroll Software in India in your business needs.
Features:
- 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
Google Rating: 4.4
greytHR Pricing: Starts from Rs.30 per employee per month.
Platforms: Android, Linux, Windows.
10. 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.
Features
- 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
Google Rating: 3.9
Pricing: Starts from 5000/ year (Up to 10 employees)
Platforms: Mobile App IOS and Mobile App Android
11. Kredily
Kredily is a Payroll and HR Software established in 2017 with the aim of simplifying HR management for businesses in India. The company serves over 20000 companies and is growing at a rapid pace. 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.
Features
- 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
Google Rating: 4.4
Kredily 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
12. Qandle
Qandle HRMS is a leading Best Payroll Software in India, offering a cloud-based HR solution that is designed for modern organizations. In addition to basic HR and payroll solutions, the platform offers services for compliance management, talent acquisition, and employee travel expenses management. 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.
Features:
- 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
Google Rating: 4.6
Qandle 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
13. Ramco
Ramco Systems is a fast-growing enterprise software player disrupting the market with multi-tenant cloud and mobile-based enterprise software. The company’s comprehensive global HR software, Ramco HCM, is designed to simplify and streamline HR processes, making them more efficient and effective.
Features:
- 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
Google Rating: 4.1
Ramco Pricing: Available at Request.
Platforms: Mobile App IOS and Mobile App Android
14. 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, attendance management, offering comprehensive cloud-based human capital management (HCM) solutions that integrate HR, talent, time, tax, benefits, and business outsourcing services to organizations of all sizes.
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
Google Rating: 4.1
Pricing: Available at Request
Platforms: Mobile App IOS and Mobile App Android
15. 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.
Features
- 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
Google Rating: 4.3
Pricing: Self Service – Starts at Rs 6,000 Per Month, Full Service – Starts at Rs 8,000 Per Month
Platforms: Mobile App Android
16. 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.
Features
- 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
Google Rating: 4.5
Pricing: Available on request
Address: #73, 2nd Floor, Shreelekha Complex, WOC Road Mahalaxmipuram, Bangalore-560086
17. 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.
Features
- 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
Google Rating: 4.7
Pricing: Available at Request
Platforms: Mobile App IOS and Mobile App Android
18. 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.
Features
- 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
Google Rating: 4.5
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
19. 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.
Features
- 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
Google Rating: 4.0
Pricing: Starting from Rs. 6000 (Up to 20 employees) per year
Platforms: Mobile App IOS and Mobile App Android
20. 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.
Features
- 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
Google Rating: 4.2
Platforms: Mobile App IOS and Mobile App Android
21. 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.
Features
- 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
Google Rating: 4.6
Pricing: Start from Rs. 100 per employee every month.
Platforms: Windows & IOS
22. 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.
Features
- 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
Google Rating: 3.7
Pricing: Starts from Rs.200 per employee per month.
Platforms: Android, IOS, Web App.
How to Select the Best Payroll Management Software?
If you are looking for the best payroll software for your company in India, consider these factors:
- Assess Your Business Requirements
Before selecting any specific program, thoroughly assess the needs of your organization. Try asking yourself these questions to see if they can help you assess your needs:
- Do you have payroll problems often?
- How do payroll errors affect your company’s finances?
- How effective is manual payroll processing to you?
- Do you keep up-to-date payroll records?
- Ensure compliance management
Compliance with regulatory standards is essential. It is possible for non-compliance to lead to legal or financial repercussions. Make sure your software keeps you informed about statutory obligations so that legal issues can be minimized.
- Seek Essential Features
In order for payroll automation to be effective, the programme’s capabilities are crucial. Consider features such as automatic wage calculations, tax filing capabilities, expense handling, mobile accessibility, and compliance tracking.
- Try before you buy.
Most payroll software providers in India offer a free trial period. Make sure that the software meets your requirements and meets your expectations by taking advantage of this opportunity.
- Budget considerations
If you want to use cutting-edge features, consider your budget before choosing software. Although there are several affordable options available, the most effective ones require a significant investment. Make your choice accordingly.
- Read Customer Reviews
There are a number of websites that provide insightful user reviews, such as SoftwareSuggest, G2, and IndiaMart. If you’re looking for payroll software, these reviews can be very helpful. You can even contact these users for a deeper study.
Top Payroll Software Trends in 2024
Cloud-based solutions
In recent years, the term ‘cloud support’ has become increasingly popular. Using cloud-based payroll software boosts productivity, increases accessibility, enhances scalability, and allows HR practices to be more flexible and efficient. It also provides users with access to payroll details and other relevant information anytime, anywhere.
Mobile accessibility
Recently, payroll software has become more mobile-friendly. It provides a mobile-friendly interface that incorporates automation features optimized for smartphones and tablets. By using a mobile device, employees and administrators can manage payroll-related tasks.
Automation and AI in payroll
In modern payroll software, artificial intelligence (AI) is used to automate processes. With AI in payroll, data entry, payroll calculations, and compliance checks can be performed more accurately and administrative burdens can be reduced as a result. In addition, users can easily access the entire interface without HR assistance thanks to a chatbot.
User Experience (UX) Design
With payroll software, users can experience a customized user interface and intuitive design that enhance their overall experience. As a result of this trend, payroll processes are made smooth, accessible, and streamlined for managers and end users.
Frequently Asked Questions
1. Which are the Top 10 Payroll Software in India?
- Keka
- greytHR
- Pocket HRMS
- Razorpay
- Employee Portal – Zoho Payroll
- factoHR
- HROne Inbox
- Paychex
- sumHR
- ADP
2. How can payroll software help businesses?
Payroll software automates the process of calculating salaries, deductions, taxes, and generating payslips. It saves time, reduces errors, ensures compliance with tax regulations, improves payroll accuracy, and enhances overall efficiency in managing employee compensation.
3. Which payroll software is used in India?
Popular payroll software used in India include:
- Saral PayPack
- GreytHR
- Zoho Payroll
- Keka
- QuickBooks Payroll
- Marg ERP
- Spine Payroll
4. What is HR payroll software?
HR payroll software integrates payroll functionalities with HR management tasks such as employee records management, attendance tracking, leave management, and performance evaluations. It provides a comprehensive solution for managing both payroll and human resources functions.
5. What is the Cost of Payroll Software?
The cost of payroll software in India varies based on the features, scalability, and the number of employees. Generally, prices can range from a few thousand rupees per year for basic packages suitable for small businesses to several lakhs per year for comprehensive solutions catering to large enterprises.
6. What are the most features to look for in the best payroll software for Indian businesses?
- Compliance with Indian tax laws: GST, TDS, PF, ESI, etc.
- Ease of use: Intuitive interface and user-friendly design.
- Integration capabilities: Ability to integrate with accounting software and HR systems.
- Employee self-service: Features like self-service portals for employees to view payslips and manage personal information.
- Attendance and leave management: Integration with attendance systems and automated leave calculations.
- Customization: Ability to customize payslip formats and reports.
- Support and training: Access to reliable customer support and training resources.
7. How to Choose the Best Payroll Software in India?
To choose the best payroll software for your business in India, follow these steps:
- Assess your needs: Understand your payroll requirements, including the number of employees, complexity of payroll calculations, compliance needs, and integration requirements.
- Research options: Explore different payroll software providers and compare features, reviews, and pricing.
- Request demos: Request demos or trials from shortlisted vendors to evaluate ease of use and functionality.
- Check for compliance: Ensure the software complies with Indian tax laws and regulations.
- Consider scalability: Choose software that can grow with your business and accommodate future needs.
- Evaluate support: Check the quality of customer support and training options provided by the vendor.
- Get feedback: Seek feedback from other businesses in your industry using similar software.
