Best Payroll Software in India

With list-driven process, you are just a click away from salary processing and will never miss out on any step during the pre or post-payroll process.

Using off-cycle payroll features, make all the necessary payments that are not part of the regular salary process, like bonuses, incentives, etc. You can even issue off-cycle payslips to employees for whom it is processed.

The TDS calculation gets simplified as the system auto-calculates it during salary processing. The employees can also attach proof of their investment declaration, which can be considered for calculation. Also, you can easily generate all types of income tax reports and forms like Form 16, Form 24Q, IT register, IT statement, IT report, and Income Tax Liability report.

Increase organizational operational efficiency by managing all the activities related to PF funds from a single platform. Configure your PF rules and PF wage components for salary calculations. Also, you can run PF arrears calculations by generating PF challan statements, ECR files, and PF and EPS reports for different payroll types.

Generate professional tax and labor welfare fund reports and compute Form 5 and Form 5A state-wise as per the rules. With customized options, make complex calculations smooth and easy.

Compute the ESI wages of employees for a period of 6 months, along with the calculation of arrears and generating the ESIC report and Form 7. Also, the ESIC file formed is in a format that can be directly uploaded to the ESIC portal.

We conduct data backups every 4 hours, store them in different locations, and retain backup instances for up to a week. In any case of a data crash, the system will recover within 6 hours.

The entire infrastructure of factoHR is built with scalability in mind and deployed on the Azure cloud. It can withstand varied loads of traffic, and it is capable of handling 2000 RPM per application server.

We run dynamic application server monitoring and perform real-time system health checks with the help of in-house tools. In the case of failures, notification will be sent to relevant stakeholders for immediate action.

factoHR supports different arrear scenarios like missed attendance, unapproved leave, holidays, unclaimed overtime, and salary revision. Arrear statements can be generated to maintain arrear payment records with various details about particular employees.

The statutory calculation and deductions are automatically calculated at the time of arrears payment. The total number of arrears is also displayed so that all the pending payments can be added to the ongoing process and finalized for salary processing.

Offer your employees various loans, like personal loans, medical loans, or any other type your organization wants to offer. Configure various types of loans and set the loan interest type to be charged.

Set up loan policies and eligibility criteria, and let your employees apply for loans themselves. Once the employee applies for a loan, the managers can reject it, approve it by mentioning the sanctioned amount, and track them till their recovery.

Employers can provide flexibility to employees in repaying the loan amount. Set the default interest rates, round off the principal recovery amount, and set the number of EMIs for auto-EMI deductions. Options are also available to stop EMI deductions for a month and carry them forward to the next month. Also, an extra EMI amount or advance payment can be made.