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Mumbai has always attracted top talent, and paying salaries to a mammoth workforce could become an arduous task without payroll software. Imagine using spreadsheets to comply with local and regional regulations, calculate leave and attendance, manage off-cycle payments, and track employee time.
Payroll software in Mumbai helps organizations automate salary calculations, ensure compliance with local laws, manage attendance, and handle off-cycle payments, all without relying on spreadsheets. In a city teeming with talent and opportunities, adopting an automated payroll solution not only boosts efficiency but also enhances employee satisfaction. This guide will help you choose the best payroll software suited for your Mumbai-based organization.
10 Best Payroll Software in Mumbai for 2025
Now you know the importance of having a payroll management system. However, different payroll management softwares might be ideal for other industries. Here is a comprehensive list of the best payroll software in Mumbai for all businesses, industries, and across various price ranges.
- factoHR
- EasyHR
- HRM Thread
- Gizmosys Solutions
- Keka
- PeopleHR India
- Opportune HR
- OfficeNet
- Pion HR
- greythr
1. factoHR
factoHR is a best cloud-based payroll software in Mumbai, that effortlessly adapts to any business. Whether you’re a large company or an emerging firm, it helps you easily streamline all your HR processes with ease. factoHR provides excellent scalability and enhances the performance of the core HR department. All the complicated tasks like managing payroll calculations, payments, statutory compliances, IT deductions, ESIC, PF, Loan calculations etc., become very facile and reliable to perform with factoHR.
You can manage payroll policies and easily comply with tax regulations with automated calculations. 200+ payroll reports facilitate informed decision-making. factoHR’s self-service portal and AI chatbots provide a futuristic payroll experience to you and your employees. Here are its state-of-the-art features to consider
Features
| ESS portal with interactive graphs for checking YTD income. You can also view and download payslips online. | Employees can request retrospective changes to overtime, attendance, leave, and holidays, and receive a revised salary. |
| Check IT deductions and download statutory forms with a mobile app. | Automate Statutory compliance with automatic arrear calculation. |
| A formula-driven rule engine for configuring any number of salary components. | Seamless tax compliance management with PF, ESIC, EDLI, and TDS calculations, among others. |
| Create multiple payroll groups based on categories such as salary, calendar, and work location | Ready-to-file reports including form 16, form 24Q report, form 5 and form 5A, and many more. |
| ISO accredited and SOC Type 2-certified cloud data centre. | OKR and KPI based payroll with integrated payroll and performance modules. |
Benefits
- Data security with end-to-end encryption, role-based financial control, and audit trails.
- Plug and play integration with validation for accurate data output
- Flexibility by design: formula-based calculations, configurable payroll processes, and unlimited component creation.
- Internal and external integration with HR, ERP, and accounting systems for a seamless payroll experience.
- Automated compliance management with real-time updates about changes in tax regimes and minimum wages.
- On-the-go access to payroll information with a self-service portal.
- Single-click payroll processing for medium and large enterprises in Mumbai.
- Reliable services with 4.5 G2 rating.
Pricing
factoHR offers customized pricing tailored to your organization’s needs. Its affordable pricing arrangements are scalable and flexible for any business.
Best Suited
factoHR’s payroll solution is ideal for small, medium, and large enterprises in Mumbai. It is also suitable for MNCs, as it serves over 3,500 organizations in more than 20 countries.
2. EasyHR
EasyHR streamlines any complex payroll processing task by providing a configuration panel that integrates with other modules, such as leave and attendance management systems. It is effortless to use and offers complete automation for all payroll processing tasks, thus saving time for the HR department. It works efficiently for all kinds of organizations and provides a comprehensive solution for employees with its ESS module
Features
- Payroll Components
- Loans / Overtime / Arrear Management
- Tax Declaration
- Salary Disbursement
- Payroll Reports
- Full and Final Settlement
Pricing
Pricing starts at $69 per employee per month and may vary based on your customizations.
Best Suited
It is ideal for small and medium enterprises.
3. HRM Thread
HRM thread is a cloud-based payroll management system and is offered as a part of the core HR module. It provides flexible payroll scheduling, supporting monthly, bi-monthly, and other pay cycles. It also provides grade-based mapping of employees by salary and location. Another notable feature of the HRM thread is its error-handling capability.
Features
- PF Calculations and Reports
- ESIS Calculations and Reports
- Income Tax Management
- Full and Final Settlement
- Reimbursement and Claim Management
- Online TDS Declaration Management
- Loans and Advance Management
Pricing
Plans start at $ 1,500 per month. The exact price may vary depending on the chosen modules.
Best Suited
HRM Threads’ payroll software is beneficial for medium- to large-sized businesses.
4. Gizmosys Solutions
Gizmosys Solutions offers one of the leading payroll software solutions, designed for scalability and ideal for small to mid-sized enterprises. The payroll module is seamlessly integrated within its comprehensive HRMS and is available as both a cloud-based service and on-premises deployment. Gizmosys supports multi-location payroll processing and ensures smooth management across all stages of the employee lifecycle—from onboarding to retirement.
Features
- Configurable Payheads
- Upload attendance for LOP / LWP
- Statutory Compliance
- Audit processed payroll
- Multiple pay cycles
- Auto sync with the attendance module
Pricing
Gizmosys Solutions provides a free cloud-based payroll software. However, for additional features, pricing arrangements may be different.
Best Suited
It is best suited for small to mid-sized organizations.
5. Keka
Keka is a scalable payroll management system. It is ideal for contract-based employees and freelance workers. It offers standard payroll features, including integration with HR modules, payroll analytics, automated calculations, payslip generation, and customized payroll processes, among others.
Features
- Integration with HR and accounting systems
- Payslip generation in PDF
- Payroll analytics and reports
- Reports for PF and other deductions
- Flexible shift management.
Pricing
Plans start from $20 per user per month.
Best Suited
Keka’s payroll management capabilities are suitable for small, medium, and large organizations.
6. PeopleHR India
People HR is another advanced payroll system. It is particularly ideal for SMEs as it offers affordable payroll solutions. It is a flexible payroll management system that is valuable in various sectors, including health, construction, and education, among others. Small businesses can find the following features helpful for payroll processing.
Features
- Salary Structure Management
- TDS Declaration
- Automatic TDS Calculation and Form 16
- Payroll Generation
- Payroll MIS
- Compliance Documents
Pricing
Price ranges between ₹80 to ₹480 PEPM.
Best Suited
Ideal for businesses with 10 to 1000 employees.
7. Opportune HR
Opportune HR works on a collaborative approach and is built on strong business ethics. It is a cloud-based payroll software that allows you to process payroll with accuracy and precision.
This software ensures consistency in all payroll features and is highly configurable in terms of payroll taxation and compliance. It also offers payroll outsourcing services supported by a professional team and trained HR personnel.
Features
- Publish, Release, and Hold Salaries
- Arrears and Increment Computation
- Employee Investment Declaration
- Loans and Advances Computation
- Full and Final Settlement
- Variable Adhoc Payment
- Taxation and Compliances
Pricing
Plans range between ₹15 to ₹60 PEPM.
Best Suited
It is ideal for startups and growing businesses.
8. OfficeNet
Officenet is a scalable payroll software designed for use in large organizations. It can also suit distributed teams. It offers standard and some advanced features, including tax reports, payroll analytics, AI integration, and both internal and external integration.
Features
- Accurate Salary Computation
- Payroll Reconciliation
- Automated Payroll Inputs
- Customized Payslips
- Statutory Reports
- Extensive Excel Output
Pricing
Officenet offers plans ranging from ₹150 to ₹200 per user per month.
Best Suited
It is ideal for businesses with 10 to 500 employees.
9. Pion HR
PionHR is a cloud-based Payroll software that is best known for its AI-driven business solutions. It provides automated and AI-powered HR processes that not only result in clean, error-free reports but also save businesses time, money, and manpower.
You can also take advantage of features like a smooth ESS portal, payroll management, and leave management. Consider choosing PionHR if you’re looking for features such as AI-driven talent management, streamlined hiring processes, and automated onboarding tools.
Features
- Customizable salary components
- Automated payroll calculations
- Sync with the attendance and leave modules
- Integrated payroll engine
- Payroll calendar
- Auto-generation of payslips
Pricing
Plans may range from ₹45 to ₹80 per employee per month.
Best Suited
Pion HR is best suited for organizations employing 50 to 200 employees.
10. greytHR
GreytHR is one of the leading payroll software providers. It speeds up your payroll management processes by automating statutory deductions and other calculations. It has presence across 25 countries and serves around 30000 clients. GreytHR provides comprehensive administrative reports to analyze state policies and payroll processes within your organization. It also offers courses related to payroll and HR. Here are some of the notable features of GreytHR.
Features
- Payroll Processing
- Direct bank transfer
- Customized Payslips
- User-friendly interface
- Automated Payroll Inputs (reimbursements/loans/advances)
Pricing
Plans range from ₹30 to ₹100 per user per month, depending on the features you select.
Best Suited
It is ideal for micro and small enterprises.
Compare the Best Payroll Management Software
| Software Names | Payroll Cost Analysis | Customizable Payslips | ESS Dashboard | Geofencing and Mobile Time Tracking | Performance Managemen | G2 | Capterra |
|---|---|---|---|---|---|---|---|
| factoHR |  |
|
|
|
|
4.6/5 | 5/5 |
| EasyHR | |
|
|
 |
|
5/5 | – |
| HRM Thread | |
|
|
|
|
4.5/5 | – |
| Gizmosys Solutions | |
|
|
|
|
– | – |
| Keka | |
|
|
|
|
4.5/5 | 4.5/5 |
| PeopleHR India | |
|
|
|
|
– | – |
| Opportune HR | |
|
|
|
|
– | – |
| OfficeNe | |
|
|
|
|
4.5/5 | – |
| Pion HR | |
|
|
|
|
– | – |
| greytHR | |
|
|
|
|
4/5 | 4.3/5 |
Why use Payroll Software in Mumbai?
Payroll software can help organizations comply with regional regulations. It could also expedite payroll processes, such as tax calculation and claim settlement. Some advanced payroll systems can also provide real-time updates regarding your regional laws.
Understand the requirements of your organization for processing payroll. Consider the number of employees, and the unique features like tax calculations, loan advancement, arrears calculations, generating reports, etc. while buying the software.
1. Attendance And Leave
A payroll software would make it easier to track employee data and accurately record attendance. This would be particularly useful for Mumbai’s firms, which are operating in multiple locations. Employees can apply for and check their leave applications online. A payroll management software would also reduce errors, as it automatically enters all the data.
2. Faster Payroll Processing
A payroll management system automates all the manual tasks like managing off-cycle payments, calculating arrears, generating tax reports, and settling claims, among others. Ready-to-file tax reports would be ideal for businesses in Mumbai as they simplify tax compliance. Employers can also easily manage off-cycle payments, such as increments, as the payroll software adjusts the payments accordingly. Employees can seamlessly settle claims by applying through online self-service portals.
3. Compliance
Adhering to government regulations is a crucial aspect of effective payroll management. The recent proposal for new industry policies could also lead to some changes in local regulations. So, a cloud-based payroll software would help you in complying with various regulations like the Maharashtra Code of Wages rules and acts related to minimum wages. An online software would update you regarding changes in these legislations in real-time. It would also adjust the criteria in response to recent changes in tax regulations.
4. Performance Management
A digital payroll solution would seamlessly integrate with the performance management module. This would help you in providing fair compensation to your employees. You can also motivate your employees by implementing performance-linked incentives.
5. Data security
A cloud-based payroll software would store employee information on secure cloud centers. It would also transfer data with end-to-end encryption facilities. It would limit access to sensitive information with features like role-based access and multi-factor authentication.
In Final Words
The 2025 Maharashtra budgetaims to create 50 lakh new jobs. Businesses in Mumbai should capitalize on this opportunity by being future-ready with cloud-based payroll software. Many solutions like factoHR offer AI integration, performance-linked payroll management, online leave and attendance tracking, among other advanced features.Booking a demo with your preferred solution would help you in making an informed decision. Organizations should reconsider their options and invest in payroll software in 2025 for efficient payroll management.
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