Before providing you with the details about the top payroll software in India, I would like you all to have a look at some of the most concerning statistics related to payroll processing.
1 out of 5 payroll professionals (18%) spends considerate time on day-to-day activities, such as data entry.
According to the IRS, around 33% of payroll managers make payroll errors that can cost an organization billions of dollars annually.
25% of payroll inquiries are about employees’ payslips.
The second most common reason for payroll inquiries is related to missing pay, at 22%
(Source- American Payroll Association)
These numbers suggest that processing payroll is not easy and it requires a lot of work to ensure each employee is paid right the first time. But how do you ensure that? Is there any magic trick to running fast and accurate payroll? No there’s no magic trick, but there’s surely a tool that can help you reduce time and errors in payroll processing, help you with compliances and reports, and manage company finances. I think you have guessed the tool? Right? Yes, it’s payroll software.
According to research studies, automated payroll software can benefit your organization in numerous ways and can reduce payroll costs by as much as 80%, increase your team efficiency by 73%, and can eliminate the risk of manual errors by 91%. However, with so many options available today, how do you ensure you have chosen the best payroll software for your business?
Choosing the top payroll software in India-Tips To Follow
Evaluate your organization’s needs
The first and foremost step before choosing the right payroll software is to have a thorough analysis of your business requirements. Some of the questions you can ask yourself:
- How often do you face payroll issues?
- How much do payroll errors cost you?
- Do you pay your employee monthly or weekly?
- What is the set budget for your payroll?
- Is manual payroll processing working fine for you?
- Are you able to maintain payroll records efficiently?
This can help you make the right decision by eliminating the software that doesn’t meet your needs.
Can it help manage compliances?
You need to follow payroll legislation to stay compliant with regulatory requirements. Not complying with regulatory laws can cause trouble for your business. Therefore, you need to look for payroll software that keeps you updated on statutory compliances and keeps legal issues at bay. This way you can safeguard your organization from hefty fines or financial losses. You can check out this updated statutory compliance checklist for 2022 to better understand these payroll laws or compliances.
Look for standard features
Payroll automation is only possible when there are necessary features available in your payroll software. Before opting for any payroll software in India, you need to ensure that it has all the necessary features. You can look out for standard features such as automated salary computations, tax filing, expense management, mobile access, compliance management, deductions, to name a few.
Consider taking a free trial
Before reaching a conclusion, I would suggest taking a free trial of the payroll software. There are many top payroll software companies in India, that offer a 14-day free trial to help prospects check out the function or features of their payroll software. You can sign up for the free trial and decide whether it’s the right choice for your company or not.
Determine your budget
While all the automated features might sound fascinating and alluring, you must always consider your budget before making the final call. There are many affordable options available in the market so you can definitely have payroll software on your budget. However, top payroll software in India will definitely require you to increase your budget. Generally, payroll software with basic features can cost you anywhere from $20 to $50.
Check out the reviews
There are many software listing platforms such as IndiaMart, SoftwareSuggest, etc. that provide you with honest customer feedback. These reviews come from existing users so you can definitely rely on these to make your decision. You can also get in touch with these customers to know their feedback about the payroll software they are using.
So these are some of the tips that you can follow to choose the best payroll software for your business. However, choosing the right payroll software is the need of the hour, following some simple steps can also help businesses in accurate payroll processing. Consider the infographic below to understand the process of payroll:
List of Top Payroll Software in India
Visiting multiple payroll software listing websites, comparing one payroll software with another, checking out reviews on rating platforms, scheduling demos with the referrals provided, sounds like a lot of work! Worry not, we have compiled a list of the top payroll software in India to help you make a sound decision. Let’s have a look at them:
1. Zimyo Payroll Software
Zimyo payroll software helps businesses streamline and simplify their payroll process. With Zimyo payroll software you can process payroll in 3 simple clicks with 100% accuracy. You can generate and download payroll reports, payslips, manage taxes and expenses, and stay regulatory compliant by using this robust payroll software. The software has been recognized by G2 as the best performer in the payroll category. Currently, Zimyo is serving some of the most prominent national and international customers. Some of the renowned organizations associated with Zimyo include Bajaj Capital, TVF, iMocha, YouWeCan, Burger Singh, Vyapar, Apollo Finvest, etc.
Top Features of Best Payroll Software in India:
Automated Salary Computation
Attendance Calculations
Automated Payslips
Payroll Deductions- PF, ESI, TDS,etc.
Deductions of Penalties
Overtime Calculation
Configurable Salary Structure
Arrear Calculation
Salary Revisions
Bonus & Other Payables
Payroll Integrations
Perquisites, Loans, and Advances
Payroll Compliances
Expense Management
Payroll Reports
Tax Calculator
Tax Management
Full And Final Settlement
Zimyo Pricing– The basic plan starts from ₹ 50 per employee per month. Zimyo offers customizable payment plans that allow customers to pay either monthly or annually.
Mobile Application– Yes- Android and ioS
Free Trial- Yes (14-days)
Client Base– Global
Best For- Businesses of all Sizes- Small businesses to large enterprises
2. GreytHR
greytHR is a known top payroll software in India as it offers productivity tools for better HR and payroll management. It was founded in 2019, and since then it has been delivering robust people management solutions to small and medium enterprises. Similar to Zimyo, they also have an employee self-service portal that allows for better employee engagement and all-around time savings. Some of the organizations associated with greytHR include HealthifyMe, Toshiba, Deloitte, Capgemini, to name a few.
Top Payroll Features:
Complete Payroll Processing
Configurable Salary Structure
Automated Payroll Inputs and Payslips
Compliance Management
Payroll Reports
Tax Calculation
Expense Management
Automated Reimbursements
Pricing- The starter pack with limited features is free of cost at greytHR. However, the starting price for their services is ₹ 1495 per month.
Mobile Application– Yes- Android & ioS
Free Trial– Yes (7 days)
Client Base– Global
Best For- Small & Medium Enterprises
3. Zoho Payroll
Zoho is a known name in the HR industry. Apart from HRMS, Zoho offers payroll solutions to help businesses manage their payroll and expenses. The platform helps in complete payroll administration and processing and ensures employees are paid accurately and on time. It has been in the industry for more than 25 years and has established itself as a trusted brand in the HR and payroll industry. Some of the renowned organizations associated with Zoho are purpleSlate, CredRight, Tart Labs, Beez Innovation Labs Pvt. Ltd., etc.
Top Features:
Payroll Management
Taxation Management
TDS Calculation
Salary Information & History
Analytical Reports
Automated Payslips
Reimbursement Management
Statutory Compliances
Compliance Management
PF/ESIS Calculation
Integrations
Employee Loans
Pricing- The basic pack starts at ₹ 50 per employee per month.
Mobile Application– Yes, Only Android, ioS- not available
Free Trial– Yes (30 days)
Client Base– Global
Best For- Small, Medium & Large Enterprises
4. Qandle
Qandle is an end-to-end HR solution that offers smart HR and payroll solutions to organizations. Apart from core HR and payroll solutions, the platform also provides talent, travel, and compliance management services. The platform has a user-friendly UI, modular set-up, and granular configuration that offers a hassle-free experience to the customers. Qandle is an HR tech platform that aims at automating redundant HR activities, thus helping HR professionals to save valuable time and resources.
Top Payroll Software Features:
Payroll Processing
Employee Compensation
Statutory Compliances
Claims And Advances
Payroll And Compliance Advisory
Expense Management
Full and Final Settlement
Taxation Management
Bonus, Loan, and Advances Management
PF/ESIS/TDS Calculations
Pricing- Qandle offers basic HR and Payroll solutions at ₹ 49 per employee per month.
Mobile Application– Yes- Android & ioS
Free Trial– Yes ( 14 days)
Client Base– Serves majorly in two regions- Asia & India
Best For- Startups, SMEs, Agencies, Enterprises
5. Beehive
Automate your payroll functions with Beehive payroll. Process employee salary, facilitate tax declarations, manage compliances, and other payroll-related processes with Beehive’s comprehensive payroll solutions. According to one of its clients, “Beehive’s continual development of the product and services, support, and action on raised queries make it one of the best HR software startups in India.” This feedback itself is a testament to the fact that the solutions offered by Beehive are helping organizations manage their payroll without any hassles.
Top Features:
Configurable Pay Structures
Automated Payroll Calculations
Statutory Compliances
Payslips and Form 16
Reimbursements
Investment Declaration/Tax Calculation
Pricing- Not available on the website. Contact the Vendor
Mobile Application– Yes (Only Android)
Free Trial– Yes (7 days)
Client Base– Global
Best For- Startups, SMEs. Agencies, Enterprises
6. HRone
Owned by the Uneecops group, HRone is a veteran business automation and services provider that is helping organizations manage their HR and payroll functions with ease and efficiency. HRone majorly targets international SMEs and startups. HROne’s is headquartered in major national and international regions including Shanghai, Beijing, Jiangsu, Hong Kong, and San Jose (of USA), and has dozens of partner agencies around the world.
Top Features:
Manage multiple pay groups
Auto CTC breakups
Process Salary
Increment & Attendance arrears
Reimbursements
Income tax, Investment Declaration
Loans & Advances
Statutory compliance
Perks & Benefits
Returns & Challans
F&F Settlements
Pricing- Pricing details are not specified. Contact Vendor
Mobile Application– Yes- Android & ioS
Free Trial– Not Specified on the website
Client Base– Global
Best For- Startups, SMEs. Agencies, Enterprises
7. SumHR
If you want to automate your payroll activities, then sumHR can be a great choice. It is one of the best payroll software in India that claims to transform an HR representative into an HR hero. From eliminating manual work to manual errors and enhancing the employee experience, SumHR is helping small and medium businesses to efficiently manage their payroll activities. Apart from managing payroll, you can also set and manage goals, track employee time and attendance and generate reports, and offer positive employee experiences with SumHR’s end-to-end HRMS.
Top Features of SumHR payroll software:
Payroll Management
PF/ESIS Calculation
Statutory Compliances
Pay Slip
Reimbursement Management
Payroll Integration
Salary Information & History
Compliance Management
Bonus, Loan & Advances Management
Exit Management & Separation Management
Expense Management
Pricing- The payroll automation package starts at ₹ 49 per employee per month.
Mobile Application– Yes- Android & ioS
Free Trial– Yes (7 days)
Client Base– Global
Best For- Small and Medium Businesses
8. Pocket HRMS
This is one of the top payroll software in India that helps revolutionize your HR and payroll processes. By bringing automation into your processes, the platform aims to reduce administrative burden, increase productivity, and improve HR and payroll processes. Besides payroll, the platform also provides cloud-based recruitment, performance management, and leave and attendance management solutions. Some of the clients that are associated with Pocket HRMS are Evolve Back, Smollan, AO Smith, to name a few.
Top Features:
Payroll Management
Bonus, Loan & Advances Management
Taxation Management
Statutory Compliances
Taxation Management
Pay Slip
Formula Defined Salary Calculation
Arrears Calculation
Salary Adjustment
PF/ESIS Calculation
Compliance Management
Exit Management & Separation Management
Pricing- The premium package starts from ₹ 4995 Up to 100 employees
Mobile Application– Yes- Android & ioS
Free Trial– Yes (15 days)
Client Base– Prevalent in Asian regions
Best For- StartUps, SMEs, Agencies, and Enterprises
9. Wallet HR
With Wallet HR, you can easily manage your payroll activities without having to do any manual work. The platform takes care of all your payroll management needs and is a very impressive automation and innovation tool. Moreover, you can automate salary calculations, payments, and even the submission of the company’s payroll taxes. Its client list includes Specsmakers, Isha Foundation, Hyundai HYSCO, to name a few.
Top Features:
Financial Management
TDS/PF/ESIS Calculation
Reports, Payslips, Forms
Full & Final Settlement
Core HR Integration
Multiple Salary Structures
Taxation Management
Pricing- Not Specified. Contact Vendor
Mobile Application– Yes (Android)
Free Trial– Not Specified
Client Base– Global
Best For- Small, Medium & Large Enterprises
10. HRMantra
HRMantra is a feature-packed Payroll software in India. The platform helps automate the most complicated HR and Payroll processes easily using its robust features. With HRMantra, you can create unlimited pay heads using powerful formulae and parameters to calculate loan, bonus, salary, and tax calculations. Toyota, MSC, Jockey, NTPC, are some of the big names associated with this top HR software in India.
Top Features:
Compensation Calculations
Payroll Reports
Full & Final Settlement
Payroll Forms and Payslips
Compliance Management
Expense Management
Taxation Management
Deductions Management
EMI Calculations
Bonus, Loan & Advances Management
Pricing- Not Specified. Contact Vendor
Mobile Application– Yes (Android)
Free Trial– Not Specified
Client Base– Global
Best For- Suitable for businesses of all sizes
11. RazorpayX Payroll
Razorpay is basically a payment gateway in India that allows businesses to accept, process, and disburse payments with its product suite. However, it also offers payroll and HR solutions. You can bid adieu to time-consuming payroll processes by joining hands with RazorpayX Payroll. It is an automated payroll service that helps organizations calculate their payroll, pay employees and contractors, and manage their compliances.
Top Features:
Payroll Processing
Expense Management
Statutory Compliances
Arrears Calculation
Full & Final Settlement
Payslips
Customizable earnings and deductions
Payroll Reports
Pricing- The Pro Plan starts at ₹ 100 per month per user
Mobile Application– No
Free Trial– They offer a Free plan that is free forever with limited features
Client Base– Global
Best For- Small and mid-sized companies
12.PeopleWorks
PeopleWorks is a top payroll software in India that helps organizations digitize and simplify their complex payroll processes. This platform is equipped with 22 advanced HR modules with a user-friendly UI that transforms your entire HR department. Apart from providing payroll solutions the platform also offers workforce management, talent management, manpower resource planning, and learning and development solutions.
Top Features:
Payroll processing
Expense Management
Pay structures
Overtime Calculations
Full and final settlement
Compliance management
Flexible benefits plan
Income tax calculator
Payroll Integration
Bonus, Loan & Advances Management
Pricing- Not Specified. Contact Vendor
Mobile Application– Yes
Free Trial– Not Specified
Client Base– Global
Best For- Suitable for startups, SMEs, agencies, and enterprises
13. Saral PayPack
‘Saral’ in English means simple and without any complexity. As the name suggests, Saral PayPack offers solutions that simplify your payroll process. Saral PayPack is a one-stop payroll solution for all your payroll needs. It helps in payroll automation along with managing your HR activities. Some of the top names associated with Saral PayPack are Manyavar, FirstCry.com, India TV, Siemens, to name a few.
Top Payroll Software Features:
Payroll Integration
Reimbursement Management
TDS Investment Details
Loan/Advance Management
Leave Encashment
Payroll Reports
Payslips
Full & Final Settlement
Statutory Compliances
Arrear Management
Pricing- Their premium package starts at ₹ 159000-195000- Onetime
Mobile Application– Yes- Android & ioS
Free Trial– Yes (No. of days not specified)
Client Base– Global
Best For- Suitable for startups, SMEs, agencies, and enterprises
14. GoForHR
If you are looking for payroll software that can help you with accurate payroll processing, then GoForHR might be right for you. From calculating salaries to managing statutory compliances, this payroll software can help you in end-to-end payroll processing. Besides managing payroll, the platform also provides attendance, performance, and recruitment management services.
Top Features:
Payroll Management
Taxation Management
Arrears Calculation
PF/ESIS Calculation
Benefits Management
TDS Calculation
Bonus, Loan & Advances Management
Exit Management & Separation Management
Pricing- Their starter pack starts at ₹ 6000 for Up to 50 Employees/Month
Mobile Application– Yes
Free Trial– Not Specified
Client Base– Not Specified
Best For- Suitable for startups, SMEs, agencies, and enterprises
15. ZingHR
ZingHR is an enterprise HCM platform offering HR and payroll solutions to help organizations manage their workforce without any hassles. More than 550+ Companies, across industries, rely on ZingHR to empower their HR teams and enhance employee engagement and experience. Apart from payroll, ZingHR also delivers Workforce Management, Talent Acquisition, Payroll, Learning Management, Performance Management, Training, Time & Attendance solutions.
Top Features:
Compensation Management
Formula Defined Salary Calculations
Benefits Management
Payslips
Reimbursement Management
Statutory Compliances
Bonus, Loan & Advances Management
Exit Management & Separation Management
Expense Management
Taxation Management
TDS/PF/ESIS Calculation
Pricing- Not Specified. Contact Vendor
Mobile Application– Yes- Android
Free Trial– Not Specified
Client Base– Global
Best For- Serves only Enterprises
Final Words
So these are the top 15 payroll software in India that make the life of HR professionals easy and help them move past the month-end payroll frustrations. If you are looking for automated, cloud-based top payroll software in India then you can consider the vendors from the aforementioned list. These are some of the most reliable and credible HR services providers in the country. Thank you for reading. Hope you find this insightful and helpful!
