25 Best Payroll Software in India - 2024

The ideal payroll solution for your business enhances the efficiency of your HR operations. Refer to our list of best Payroll Software in India, offering valuable insights.

Best Payroll Software in India

In today’s competitive market, businesses in India have started adopting payroll software to streamline their operations. This software helps businesses to focus on core HR activities by automating the compensation of employees. The software autonomously computes everything from salaries and taxes to various deductions. These technological advancements significantly reduce paperwork and thereby boost overall productivity. The ideal software is not only user-friendly but also offers various features such as e-filing, seamless integrations, employee access portals, precise computations, and time management. This article will help you choose the best payroll software in India that comes equipped with tools to simplify HR tasks.

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List of Best Payroll Software in India

Given the growing demand, there’s now fierce competition in the payroll software in indian market. Numerous options are available, each boasting its own special features. Therefore, selecting software that aligns with your organizational needs becomes imperative. We’ve examined several payroll services, weighing in on their features, credibility, and more. Subsequently, we’ve compiled a list of the top payroll software in India for businesses.

1. factoHR

(4.7)
Overall
4.7
G2 Review
4.7
Google Play Store
4.1
Software Suggest
5.0
Customer Support
4.8
DIY Configuration
4.7

Features

Download your payslips and view YTD income through graphs and detailed monthly breakdowns, via ESS portal. View and download statutory forms, IT statements, etc through mobile app.
A formula driven rule engine to configure salary with multiple salary components. Easy payroll processing with its wizard-driven approach.
Simplifies handling of all statutory compliance like PF, ESIC, TDS, etc. Auto calculation of statutory compliance at the time of calculating arrear.
Single point software which has built-in integration with internal modules. Possess unique features like off-cycle payroll helps in calculation apart from the salary.
Employees can request various types of loans. Allows auto deduction of Loan.
ISO accredited and SOC Type 2 certified cloud data center. Capacity of handling 2000 RPM of varied traffic per application server.
Helps you build various forms and reports or customize it. Business continuity and backup plan ensures you don’t lose any critical data in a situation of natural calamity.
Retro changes can be rectified or claimed using auto arrear calculation. Quick payroll calculation by creating multiple payroll groups based on location, salary, etc.
  • The platform provides robust security measures, including data encryption while at rest, an audit trail, and granular access controls, to safeguard sensitive employee information.
  • Its plug-and-play capabilities minimize the need for manual oversight, ensuring maximum data accuracy through a specialized validation engine.
  • The system offers tailored flexibility through formula-driven calculations, customizable processes, and the ability to create an unlimited number of components as per your specific requirements.
  • Users enjoy a seamless experience, thanks to the software’s integration with internal modules such as core HR, attendance, leave, and expense management, as well as compatibility with external systems like ERPs and accounting applications.

Cut Costs, Not Corners

Elevate your business’s operational skills without sacrificing quality. With factoHR’s value for money offerings, you can streamline your core HR while maintaining excellence in every aspect of your company’s performance. Read More

Look for these unmatch features we provide:

  • Manage Attendance and Payroll for multiple legal entities with a single account. Our software is designed to align with your fastest growing needs.

  • Flawlessly manage employees’ multiple shifts, shift roaster and shift rotation.

  • Enhance your business operations with factoHR’s dedicated support through calls, emails, or chat.

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Foundation Plan

₹6999.00/mo

Attendance and Payroll for Multiple Entities

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Advance Velocity Plan

₹4999.00/mo

Attendance and Payroll for Multiple Entities

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What People Say About Us

Client Review

Rating & Awards

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2. HR Pearls

HR Pearls is India’s powerful payroll software designed to simplify salary management and make HR responsibilities more manageable. The system is exceptional at carrying out various tasks with seamless precision, transforming intricate functions like salary calculation into an uncomplicated and user-friendly experience.

In HR Pearls, the salary computation process is visually transparent, thanks to an interactive flow chart that breaks down each step of the calculation. This ensures clarity and accuracy whether you are dealing with formula-driven, fixed, or flexible salary components. By catering to a diverse array of calculation elements, HRPearls offers a versatile solution for precise and effective payroll management.

Features

  • Salary Calculation
  • Reimbursement Management
  • Loan & Advance Management
  • Overtime Management
  • Bonus Calculation
  • Full & Final Settlement
  • Tax Declarations or investment proofs
  • Gratuity Calculation
  • Payslips & Reimbursement Slips
  • Bank Transfer Sheet
  • Salary Register & Various reports
  • Increment Module

3. Enspire HR

Enspire HR provides your organization with the vital tools needed to automate payroll operations, elevating Indian business from good to great. The software allows for highly customizable payroll settings, monitoring every adjustment and compensation given to employees. This enables your team to automate the intricate processes that often require manual calculations, thus reducing the chance of error.

In addition to its payroll features, Enspire HR also excels in workflow management, allowing employees to set up flexible approval processes. This streamlines administrative tasks, making it easier for management to oversee approvals. Furthermore, the software seamlessly integrates financial data across various business taks, ensuring complete accounting accuracy while eliminating the risks associated with manual calculations.

Features

  • Customize Payroll Process
  • Salary Processing
  • Payslip Template
  • Loan Disbursement
  • EMI Deductions
  • Off-Cycle Payments
  • Reimbursements
  • Leave Encashment
  • Configurable TDS Section
  • Multi-purpose Report and Analytics
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4. Officenet

Officenet is India’s premier cloud-based payroll software, expertly crafted to manage all the intricacies of payroll calculations and withholdings. One of its distinctive features is the ability to automatically update whenever there are amendments to tax laws in India, ensuring that your payroll system remains current and in line with the most recent regulations.

Beyond calculations, Officenet assists employers in completing tax forms. The software even sends timely reminders for filing these forms, eliminating the chance of missing important deadlines. By streamlining these processes, Officenet not only saves valuable time but also boosts productivity, all while guaranteeing complete accuracy in your payroll management.

Features

  • Payroll Processing
  • Accurate Salary Computation
  • Payroll Reconciliation
  • Automated Payroll Inputs (reimbursements/loans/advances)
  • Customized Payslips
  • Statutory Reports
  • Extensive Excel Output

5. Paychex

Paychex is a digital payroll solution in India that streamlines the payroll process for any business by seamlessly integrating employee data with HR and benefits information. It also offers a complimentary Paychex Flex mobile app that provides quick and convenient access to crucial payroll details, such as forthcoming paycheck dates and amounts, enabling you to manage payroll remotely and simplify administrative tasks.

Paychex offers customized solutions to accommodate your unique requirements, whether you want a hands-on approach using its user-friendly online platform or like to collaborate with its specialized payroll experts.

Features

  • Multiple Pay Options
  • Run Payroll on the Go
  • Customize Earnings and Deductions
  • Analytics and Reports
  • Resource Center
  • Employee Self-Service
  • ERTC Services
  • Compliance Support
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6. Personio

Personio is a comprehensive solution that manages the entire employee lifecycle, from recruitment to offboarding. With a centralized database, all your payroll-related information is conveniently stored in one location, streamlining data management and making it easier to oversee HR tasks.

In addition to quick implementation, Personio offers a quick return on investment, providing immediate value to your organization. Our high-impact automation features enhance focus across the company by simplifying complex HR processes. Designed with the future in mind, the platform is compatible with leading payroll applications, ensuring that you can integrate seamlessly with major software solutions in the industry.

Features

  • Self-Service Portal
  • Seamless Integration
  • Payroll Accounting
  • Centralised Data System
  • People Workflow Automation

7. EmployeeVibes

EmployeeVibes meets the intricacies of payroll management, particularly in India which can be challenging, time-intensive and needs fulfillment of numerous compliance standards. It provides a robust and scalable payroll solution that can be customized as per your company’s specific needs.

Utilizing this software simplifies the payroll procedures and guarantees the swift and precise distribution of wages to your team members. This allows the HR department to focus on other critical aspects of the business, knowing that the payroll can be calculated in just a few clicks.

Features

  • Payroll Configuration
  • Flexible Benefit Plan
  • Loan and Advance
  • Salary Process
  • Investment Declaration & Actuals
  • Bonus, Gratuity & Arrears
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8. TrickyHR

TrickyHR is an online payroll solution that possesses an intuitive user interface that meets the unique demands of your business, offering scalability as your operations grow. Not only does it save time, but it also minimizes the likelihood of errors, streamlining the entire payroll process for your organization.

By utilizing a computerized approach, our payroll system simplifies tax calculations and reporting, removing the hassle associated with manual record-keeping. Moreover, the system is designed to cut down on TCO and boosts ROI. It also keeps an all-inclusive record of salary disbursements and ensures you have all the information you need at your fingertips.

Features

  • Online Payroll Transaction
  • Loan & Advance Management
  • Payroll Processing
  • Earnings & Deductions
  • Reimbursement Management and Bank Transfer Details
  • Arrears Calculation and Other Payments
  • PF/ ESIS /PT/ Income Tax Management Reports

9. Samplex24

Samplex24 is a specialized payroll software in India created to manage various kinds of payroll and adhere to business-specific guidelines. It’s a flexible system and offers a seamless integration with various modules such as attendance, leave, claims, bonuses, performance assessments, and time tracking into its payroll automation capabilities. This makes Samplex24 one of the most reliable and comprehensive payroll software options.

Key features of the software include integration with biometric devices for daily attendance tracking, streamlined and accurate calculations for salary deductions, and estimates for leaves, attendance, dues, and overtime. Moreover, the software automates the process of salary computation and the generation of payroll reports, making it easier than ever to manage your payroll operations efficiently.

Features

  • Loans & Salary Advancement
  • Salary Benefits
  • Statutory Deductions
  • Salary Processing
  • Automated Generation of Form 16/Salary Statements/ESIC/TDS Reports
  • Salary Reconciliation
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10. Rippling

Rippling is a robust payroll solution provider in india for managing a workforce and streamlines various functions by providing a unified system for hiring, compensating, and managing both employees and contractors. One of its standout features is the ability to onboard new hires and contractors in as little as 90 seconds, making the process both efficient and straightforward.

Beyond swift onboarding, Rippling simplifies payments by enabling you to pay everyone within minutes. The platform combines the capabilities of HR, IT, and Finance into one integrated system, which significantly enhances operational efficiency. In addition to these features, Rippling also automates the complex task of ensuring compliance, allowing you to meet legal requirements without the usual stress and hassle.

Features

  • Payroll Compliance
  • Payroll Analytics
  • Payroll Integrations
  • Role-Based Permissions
  • Workflow Automator
  • Dynamic General Ledger Mapping
  • HM Revenue and Customs compliant
  • P45, P11D, P60, FPS, and EPS
  • Time Tracking
  • Job Costing & Multiple Pay Rates
  • Mobile App
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11. Aegis

Aegis is a scalable software which is suitable for small and medium-sized enterprises, as well as corporate and government accounts. Aegis can be entrusted to automate and ensure full compliance with local laws and regulations. They also prioritize confidentiality and security, offering you peace of mind as you manage your payroll and human resources.

Utilizing advanced technology and integrated systems, Aegis is equipped to handle your HR and payroll needs across various pay-run structures, including but not limited to weekly, bi-monthly, and monthly schedules. With Aegis, you can expect the highest levels of service, flexibility, and assurance and can be dependent on them for all your payroll and HR requirements.

Features

  • Payroll Management
  • Payroll Reports
  • Direct Salary Deposits
  • Payroll Tax
  • Statutory Compliance
  • Payroll Audit Services

Humi delivers a high-quality solution that does more than just store important data; it also manages intricate tasks such as payroll and benefits administration, all while reducing the need for labor-intensive manual processes. The platform is designed for ease of use, making key information easily available and well-organized, which enhances operational efficiency. Additionally, the system’s capabilities facilitate error-free payroll operations, conserving valuable time.

Employee benefits management becomes a breeze with Humi’s user-friendly interface. The platform goes beyond basic administrative tasks, offering in-depth analytics that enable your organization to concentrate on strategic development and employee wellness. With Humi, you can streamline HR processes and focus on what truly matters for your organization.

Features

  • Integrated Payroll
  • Compliance
  • Automatic Calculations
  • Employee Self-Service
  • Year-End Tools
  • Hourly Payroll
  • Unlimited Payruns
  • Records and Reporting
  • Managed Payroll
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13. Infotrack

Infotrack is an incredibly user-friendly solution that simplifies even the most intricate payroll tasks. Its rule and component-based architecture, complete with a formula editor, streamlines the payroll process and makes arrears calculations and adjustments a breeze. This software serves as a robust engine for all your payroll needs, handling everything efficiently and accurately.

What sets Infotrack apart is its meticulous approach to employee exit management. The software ensures a seamless separation process, covering all aspects of the full and final settlement without any hitches. Overall, if you’re looking for a comprehensive yet easy-to-use solution, Infotrack is a top-notch choice that won’t disappoint.

Features

  • Salary Calculations for Pro-Rata Adjustments
  • Rule-Based Payroll Processing
  • Component-Based Payroll Processing/Formula Generator
  • Loans and Advances
  • Arrears Processing and Adjustments
  • Processing for Apprentices/Stipend
  • Define new Allowances / Retaining Allowance
  • Employee Exit Management

14. Gusto

Gusto offers a full service payroll in India. They have an incredibly simplified process where you can pay your employees and contractors in just a few clicks without any hassle. Gusto possesses impressive capabilities like auto tax-filing, adheres to tax laws and identifies tax credits, helping you to save money.

It comes with several other benefits like unlimited payroll runs with no extra cost and a flexibility to adopt to any payroll situations. The automatic tax calculations are incredibly accurate and time-saving, while the time tracking feature syncs perfectly with payroll, ensuring everyone is compensated for every minute they’ve worked. Plus, the direct deposit feature makes sure that payments go through swiftly and securely. All in all, Gusto makes payroll a breeze.

Features

  • Payroll Taxes
  • Integrated Platform
  • Compliance
  • Workers’ Compensation
  • Direct Bank Deposit
  • Financial Benefits
  • Employee Management
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15. PionHR

PionHR excels as a fundamental HRIS, packed with innovative features designed to streamline the often complicated task of employee onboarding. A highlight is its unified document management system that consolidates various employee records—whether those are ledgers, payslips, or expense receipts—into a single, accessible platform. This alleviates the need to sift through multiple digital systems or physical files, ultimately boosting operational efficiency.

In addition to its document management capabilities, PionHR also boasts a robust, fully managed system for tracking attendance and managing leaves. This allows HR departments to easily maintain accuracy and compliance, freeing them up to focus on more strategic projects that benefit the organization as a whole.

Features

  • Dynamic Salary Processing
  • Arrears and Variable Payment
  • Bank Advice
  • Full and Final Settlement
  • ECR/TIC Generation
  • Compliances
  • IT Forms
  • Statutory Reports

Explore other alternatives to widen your selection

Payroll system is an essential tool for every organisation. It helps in the timely and accurate processing and disbursement of wages while adhering to all local laws.

Here are some more alternatives for Payroll Software available in India.

1. Razorpay

Razorpay claims to provide “fully automated payroll and compliance software”. You can Set it up with precision to disburse salaries, file & pay taxes like TDS, PF, PT & ESIC, and do more from a single screen. One of the popular payment gateways in India, Razorpay, also provides software. With a streamlined installation process, you can get started within an hour. Their current clientele majorly includes startups. However, they also serve a range of companies across vertices and sizes.

2. GreytHR

With a promise of “Faster processing, accurate payouts”, greytHR assures you that you can do away with cumbersome Excel sheets computation errors. greytHR claims to provide complete statutory compliance, on-time disbursement of salaries and stress-free month ends. Payroll with greytHR is comprehensive. It is the most comprehensive software available in the market today with consideration for every detail and situation that could occur. It has emerged as the preferred choice for many small and medium-sized businesses (SMBs).

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With a tagline that states “Payroll software crafted to build a better workplace”, it assures taking stress away from the process. With their simplified software, you can spend less time on process and more time on growing your business. Zoho is cloud-based and is best suited for a company of any size and sector. Zoho has established integrations with several prominent banks, facilitating seamless salary transactions directly within the Zoho software platform.

One of the popular software, Keka, suggests that “Indian Payroll is complex. Software doesn’t have to be!”. With that in mind, Keka software revolutionised the Indian industry. They simplified management and set a benchmark for doing so. One of the aspects of simplification is that HR and finance teams can make salary changes anytime and do not have to build a backlog as an end-of-the-month activity. Their current list of clients boasts many big and small popular enterprises.

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5. Paybooks

They assure that they are “All-in-One HR & Payroll Software for India”. With Paybooks, you can manage salary & compliance in minutes and also delight your employees with a self-service app. They also provide processes as a service. They encourage companies to outsource so that the organisations can focus on their core business. Among the three thousand-odd companies they serve currently, the majority of them fall in the SMB category.

6. Open Money

OPEN money was started in 2017 with the mission to solve banking, payments and accounting for small and medium businesses. They now have accounting and GST returns tools in addition. You can simplify the process, ensure compliance with local laws and manage employee salary disbursement. OPEN Money provides the convenience of processing salaries directly through the current bank account linked to the software. They serve all businesses irrespective of their size or domain.

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7. Sumopayroll

Sumopayroll is a modern software for small and mid-size companies. It is a fast, easy and intuitive process that is error-free and fully compliant. They recon that it is “A Blend Of Orthodox And Smart Features” that puts them ahead. They can bundle HR software for free to really small companies with less than 10 employees. 100’s of satisfied customers small to large from various sectors across India trust Sumopayroll for their payroll processing needs.

Zimyou claims to provide “Swift and Error-Free Payroll Processing in Minutes!”. They assure you that you can put an end to month-end payroll worries by using their software! You can make your process fun & fast along with being error-free and compliant. With their software, you can stay compliant and stress-free. Their customer base is of varied sizes across industries.

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9. Kredily

Kredily is a free forever software for unlimited employees and is trusted by thousands of companies. This cloud-based solution automates all procedural steps, leading to higher effectiveness and precision. This saves time and resources and ensures conformity with local financial laws and regulations. It offers a range of feature-packed tools to meet your specific processing requirements. From startups and SMEs to enterprises, Kredily is designed to cater to businesses of all sizes.

10. UBS App

UBS App claims that they are the “Easiest And Quickest Payroll Process With Automated Payroll Software”. They promise to get companies started on “Payroll In a Few Clicks!”. This cloud-based software is an effective way to maintain, manage and automate payouts to the employees within a few clicks. Irrespective of the size of your business, this single-dashboard processing software can help HR managers do it all.

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Simple Steps to Understand Payroll Processing

Given the fact that processing payroll manually can be a complex and time consuming task. Following these simple steps will help you better understand and optimize your existing payroll process.

Payroll Process Flow

What are the Criteria for Selecting the Best Payroll Software in India?

Below are some essential guidelines to consider when selecting the ideal payroll software for your business in India:

1. Assess Your Business Requirements

Before choosing any particular software, conduct a comprehensive evaluation of your organizational needs. Ask these questions that might help you to evaluate your requirements:

  • How frequently do you encounter payroll challenges?
  • What financial impact do payroll errors have on your business?
  • Is your payroll cycle monthly or weekly?
  • What’s your budget for a payroll system?
  • Is manual payroll management still effective for you?
  • How proficiently are you maintaining payroll records?

Understanding your specific requirements will help you filter out options that don’t align with your needs.

2. Ensure Compliance Management

Remaining compliant with regulatory norms is critical. Non-compliance can bring financial or legal ramifications. Therefore, choose software that keeps you up-to-date with statutory requirements, thus minimizing legal complications.

3. Seek Essential Features

The efficacy of payroll automation largely depends on the features the software offers. Make sure to check for key functionalities such as automated wage calculations, tax filing capabilities, expense handling, mobile accessibility, and compliance tracking, among others.

4. Try Before You Buy

Many leading payroll software companies in India provide a free trial period, usually lasting about 14 days. Utilize this opportunity to gauge whether the software meets your expectations and needs.

5. Budget Considerations

While the allure of advanced features is tempting, aligning your selection with your budget is crucial. There are various cost-effective solutions available; however, the most robust options might necessitate a larger budget.

6. Read Customer Reviews

Platforms like IndiaMart, SoftwareSuggest, and G2 offer valuable customer feedback. These reviews from current users can be useful in your software selection. You can even reach out to these users for more in-depth analysis.

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Wrapping Up

There are tons of businesses offering robust and comprehensive payroll software in India 2024 that fits every needs of your organization. These software solutions simplify the intricate task of payroll management and minimizes error prone outcomes. As technology advances, relying on more efficient, secure and user friendly payroll solutions to ease out such complex processes like payroll is a basic requirement. From essential features like e-filing and employee portals to advanced options like AI-enabled chatbots and mobile apps, these platforms offer numerous customizable functions to your modern workplace.This article highlights each platform with its own unique selling points, helping you choose the right solution for your businesses that aligns its specific needs.

Frequently Asked Questions

What is Payroll Software in India?

Payroll software in India is a cloud based platform that carries out the comprehensive management and calculation and automation of an organization’s employee payroll process. A powerful software seamlessly integrates with other organisational software operations.

It handles tax calculations and ensures legal compliance and adheres to all relevant regulations. Its core aim is to provide accurate and timely compensation of employees while minimizing manual errors.

How Does Payroll Software in India Benefit Companies?

Payroll software in India brings several benefits to companies such as enhancing accuracy, automating complex salary calculations, tax deductions and other processes. This software also saves time by automating payslip generation and tax filings and reports streamlining the payroll process and enabling faster payments.

Further and it improves data security by centralizing employee salary information digitally and integrating seamlessly with accounting systems for real time financial visibility. Software helps businesses maintain compliance with India’s evolving payroll regulations and offers employee self service portals for convenient access to information.

Which is the Top Payroll Software in India?

FactoHR is considered one of the top payroll software providers in India. Other top players include Zoho Payroll, GreytHR, Keka HR, Razorpay Payroll, and HROne. These software offer full-fledged payroll management and additional HR features at competitive prices.

How do you choose payroll software in India?

When choosing payroll software for India, businesses must consider factors like company size, number of employees, required features, integration needs, pricing, compliance, reviews, demo trials, and post-sales support. Understanding specific needs helps identify software best suited to budget and workflow.

How much can payroll software cost in India?

Software pricing in India usually depends on the number of employees. Basic software starts at INR 2000-5000 per month for small teams of up to 50 employees. Mid-range options for up to 500 employees are INR 8000-15,000 per month. Customized Enterprise plans with unlimited users begin at INR. 15,000-30,000 monthly.

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