]]>

Top 20 Payroll Software in India

Admin
By -
0

 

Top 20 Payroll Software in India


In today's fast-paced culture, online human resource management (HRM) and payroll solutions take a lot of work off your hands so you can focus on what's important. Payroll software helps businesses streamline their employee compensation process.

Payroll software calculates everything from salary to taxes to deductions. These innovations cut paper by more than half and increased production by the same amount. The best payment software is intuitive and easy to understand and use.

We have compiled a list of the best payment software in India to help you make an informed decision, it include; sumHR, Razorpay, GreytHR, Keka, factor, Saral PayPack, People Apex, Pocket HRMS, Akrivia HCM, HROne, Beehive, Wave Payroll, Qandle, Zimyo, Zoho Payroll, 247 HRM, Gusto, Qandle, Wallet HR and HRMantra

In addition, it offers many features and more than everything is missing. Good payment software will provide tools to make your work easier. It will have features such as e-booking, integration with services, user portals, accurate calculations and time tracking. With high demand, competition in the market has increased.

There is different payment software available and each has its own unique features. Choosing the right payroll software for your organization and needs is critical.

We have collected the best payment services - compare their prices, features, reputation and much more.

Finally, we have compiled a list of the best payroll software in India for your company.

Before getting into the cost and features of the best payroll software in India, we need to clarify some of the statistics related to payroll processing;

• About 18% of the money is spent on paid professionals

Most of their time in the data entry process. According to the IRS, about 33% of tax payers default a mistake that can cost an organization billions of dollars every year.

• 25% of payroll requests related to employee payroll.

• The second most common payment method questions related to free fees at 22%

These numbers show that payroll processing is not a piece of cake and it takes a lot of work to ensure that every employee is paid correctly the first time.

The most awaited question now arises, what is the trick to run fast and with good pay? There are no magic tricks, but there are tools that can help you reduce time and errors in payroll processing.

Payroll tools will help you with compliance and reporting; manage company finances and all payments. That is enough information to assume that the tool is payment software.

According to research studies, automated payroll software can benefit your organization in many ways and can reduce payroll costs by up to 80%, make your team more efficient by 73%, and eliminate the risk of manual errors by 91%. However, with so many options available today, how can you be sure you've chosen the best payroll software for your business?

 

What is Payment Software?

Payroll software is a tool for scheduling, managing and automating employee payments. This includes salary, compensation and tax-related procedures. Payroll systems make it easier for HR and finance teams to comply with tax and other financial laws.

 

Benefits of Payroll Management Software

• Automatic billing cycle

• Timing

• Financial guidance

• Very safe

• Cost effective

• Tax refunds

 

List of Best Payment Software in India

Visiting websites that list multiple payment software, comparing one payment software to another, checking reviews and rating platforms, and sorting out the demos and signals provided, sounds like a lot of work! We have compiled a list of the best payment software in India to help you make an informed decision.

1. sumHR 

2. Razorpay  

3. GreytHR   

4. Keka

5. factoHR  

6. Saral PayPack                                         

7. People Apex   

8. Pocket HRMS   

9. Akrivia HCM

10. HROne 

11. Beehive

12. Wave Payroll

13. Qandle

14. Zimyo

15. Zoho Payroll

16. 247 HRM

17. Gusto

18. Qandle

19. Wallet HR

20. HRMantra

Let’s have a look at them: 

 

1. sumHR

 

Top 20 Payroll Software in India

sumHR comes with a 7-day trial. It offers flexible plans to meet all your needs and tax benefit calculations. The software manages the salaries of your employees and also monitors their performance. It can be used for any loan/payday needs of your employees. With the F&F policy, calculating the income split between these two parties is easy and hassle-free.

Features:

• Multi-currency

• Automatic payment processing

• Self-help services

• Income Tax Return (ITR)

Pricing:

• Starter plan: Free up to 10 users; Rs 49 per user/month, paid annually

• Basic plan: Rs 69 per user / month, paid annually

• Advanced plan: Rs 119 per user/month, paid annually

Suitable for: Small, medium and large organizations.

 

2. Razorpay  

Top 20 Payroll Software in India


Razorpay is primarily a payment gateway in India that allows merchants to accept process and make payments with its products and services. However, it also offers payroll and HR solutions. You can say goodbye to the time-consuming payroll process by logging into Razorpay Payroll. It's an automated payroll service that helps organizations calculate their payroll, pay employees and contractors, and manage compliance.

Key features:

• Compensation structure

• Expense management

• Compliance with the law

• Total amount paid

• The law is complete and final

• Paid documents

• Income and deductions can be adjusted

• Payment history

Price – Pro plan starts at 100 per month per user

Mobile App – No

Free Trial – They offer a free plan which is free forever with limited features

Clientele – Global

Suitable for: Small and medium businesses

 

3. GreytHR

Top 20 Payroll Software in India


Greythr is one of the most popular payroll software in India as it provides productivity tools for better HR management and payroll management. It was founded in 2019 and since then it has been providing people with powerful management solutions for small and medium businesses. Similar to Zimyo, they also have a self-service portal that allows for better user engagement and round-the-clock security. Some of the companies associated with greytHR include HealthifyMe, Toshiba, Deloitte, Capgemini, to name a few.

Basic Payment Plan:

• Comprehensive compensation structure

• Configurable salary structure

• Automatic payment processing

• Access control

• Payment history

• Tax calculation

• Expense management

• Automatic compensation

Cost - The limited service starter pack is free with Greythr. However, the starting price for their service is 1495 per month.

Mobile App - Yes - Android and iOS

Free Trial – Yes (7 days)

Clientele – Global

Suitable for: Small and medium businesses

 

4. Kaka

Top 20 Payroll Software in India


Keka is one of the most popular paid software used in India. Unlike many of his contemporaries, he was very friendly with the workers. It also provides access to data from remote locations. It aims to make the software user-friendly so that it can be used widely by anyone. Keka says it's "the only HR payroll software in the industry that makes it easy for non-financial functions like HR teams to participate in payroll." It allows users to post their pay slips digitally or in SMS format as well.

Features:

• Multi-user connection

• Cost management

• Asset Management

Price:

• Base: Rs 6999/100 users

• Capacity: Rs 14999 / 100 employees

Suitable for: Medium to large companies

 

5. factoHR

Top 20 Payroll Software in India


factoHR is one of the leading HR management and payroll systems in India its customers do all the payment processing. With its intuitive and intelligent features, the entire workflow, from management to payroll processing, is handled effortlessly. This is why factoHR is called a complete cloud-based payment solution that is secure and can be simplified to support financial management.

Features:

• One-click payment processing

• Non-cyclical payment arrangements

• Create multiple pay groups

Price: Available on request

Suitable for: Small, Medium and Large Companies

 

6. Saral PayPack

Top 20 Payroll Software in India


Saral PayPack is simple software to manage the salary of your employees. Its USP is that it offers multi-level access control to make it easy to navigate your files. It holds the personal and professional details of your employees. You can also create PF forms and accounts through the app. additionally; it allows you to customize your fees based on your business size, segment, and industry. Features:

• Personnel management

• Salary management

• Compliance with the law

• Arrival and departure

Price:

• Standard: Rs 46,500 / one employee; Rs 70,800 for most users

• Company: Rs 100,500/one employee; 123,000 more employees

• Premium: Available on request

Suitable for: Medium to large companies

 

7. PeopleApex

Top 20 Payroll Software in India


PeopleApex is one of the best payroll software in India that helps organizations streamline and simplify complex payroll processes. This platform is equipped with 22 advanced HR modules with a user-friendly interface that transforms your entire HR department. In addition to providing payroll solutions, the platform also provides solutions for employee management, talent management, human resource planning, and learning and development.

Key features:

• Compensation structure

• Expense management

• Types of compensation

• Overtime calculations

• Full and final confirmation

• Access control

• Variable benefit plan

• Income tax calculator

• Additional wages

• Management of bonuses, loans and advances

Price - not mentioned. Contact sold

Mobile App – Yes

Free trial - not specified

Clientele – Global

Best for – Suitable for startups, SMEs, companies and businesses

 

8. Pocket HRMS

Top 20 Payroll Software in India


Pocket HRMS is the winner of the "Best HRMS Software Award" at the 29th edition of the World HRD Congress 2021. It offers user-friendly software for all your payroll needs. As it is a cloud system, it helps in travel and can help HR in their life! It is a one-stop solution for all expense management with a self-service portal for collaborative users. The best part is that it comes with an AI chatbot that helps modern.

Pocket HRMS Features:

• Multi-company and multi-structured payments

• Generation of models

• Personal services for employees

Price:

• Standard plan: Rs 1495/month

• Professional plan: Rs 2495/month

Suitable for: Small, Medium and Large groups.

 

9. Akrivia HCM

Top 20 Payroll Software in India


Akrivia HCM is a global HR and payroll solutions provider that makes payroll processes more consistent and efficient. Their flexible payroll management systems are designed to integrate with existing software and allow companies to create a new generation of employee management. Multinational payroll helps companies pay employees and pay bills and reduce the risk of human error through quick, automated calculations and comprehensive reporting. While this software takes care of all payment needs, its focus on the best user experience sets it apart.

Akrivia HCM Features:

• Management of loans and employee promotions

• Self-service management

• Profit management

Price:

• Available on demand

Suitable for: Small, Medium and Large groups.

 

10. HRone

Top 20 Payroll Software in India


Owned by the Uneecops Group, HRone is a leading provider of business automation and services that help organizations manage HR and payroll functions with ease and efficiency. HRone focuses on international SMEs and startups. HROne is headquartered in local and international regions, including Shanghai, Beijing, Jiangsu, Hong Kong, and San Jose (in the United States), and has many partner offices around the world.

Key features:

• Manage multiple payment groups

• Automatic CTC suspension

• Salary system

• Increase in attendance fees

• Compensation

• Income tax, income statement

• Loans and promotions

• Compliance with the law

• Benefits and Benefits

Pricing - Pricing details are not specified.

Mobile App - Yes - Android and iOS

Free trial - not specified on website

Clientele – Global

Ideal for:  Startups, SMEs. Company, Company

 

11. Beehive

Top 20 Payroll Software in India


Manage your payroll with Beehive Payroll. Process employee payments, prepare tax returns, and manage compliance and other payment-related processes with Beehive's comprehensive payment system. According to one of its customers, "Beehive's continuous development of products and services, support and action on the questions raised make it one of the leading HR software”. These words themselves speak for the fact that the solutions provided by Beehive help organizations manage their costs seamlessly.

Key features:

• Configurable compensation model

• Automatic payment calculation

• Compliance with the law

• Payment in 16 documents

• Compensation

• Investment declaration / tax calculation

Price - Not available on website.

Mobile App – Yes (android only)

Free Trial – Yes (7 days)

Clientele – Global

Ideal for: Startups, SMEs. Company, Company

  

12. Wave Payroll

Top 20 Payroll Software in India


Wave Payroll is easy to use software, giving small business owners a single solution for all their financial management. With unlimited financial tracking, it enables your accounting department to keep track of every employee's financial transactions. It also has other features such as profit and loss statements or sales tax reports, which make your payment process easier.

Features:

• Profit management

• Monitoring of holidays / holidays

• Personal service portal

Price: From $20 / month

Suitable for: Small, Medium and Large groups.

 

13. Qandle

Top 20 Payroll Software in India


Qandle is one of the most sought after paid software in India. This simplifies the complicated payment process. Since all processes are automatic and have a high level of accuracy, the application does not guarantee any errors. Along with managing salaries, the program also carefully manages employee recognition and benefits.

Features:

• Compliance with the law

• Access to progress

• Automatic recording

Price:

• Foundation: Rs 2450/month for up to 50 employees

• Term: Rs 3950/month

• Additional: Rs 4950/month

• Premium: Rs 6450/month

• Office: Available upon request

Suitable for: Small, Medium and Large Companies

 

14. Zimyo Payroll Software

Top 20 Payroll Software in India


Zimyo's payment software helps companies streamline and simplify their payment processes. With Zimyo payroll software, you can process payroll in 3 simple clicks with 100% accuracy. You can create and upload payment reports, slips, manage taxes and expenses, and stay compliant with powerful payment software. G2 has recognized this software as the best performer in the payment sector. Currently, Zimyo serves some of the largest local and international clients. Some of the famous companies associated with Zimyo include Bajaj Capital, TVF, iMocha, YouWeCan, Burger Singh, Vyapar, Apollo Finevest, etc.

Key Features of Best Payment Software India:

• Automatic salary calculation

• Attendance calculation

• Automated payroll

• Source Deductions – PF, ESI, TDS, etc.

• Penalty waiver

• Time elapsed

• Configurable salary structure

• Total amount paid

• Salary comparison

• Bonuses and other liabilities

• Entry fee

• Options, loans and promotions

• Salary Agreement

• Expense management

• Payment history

• Tax calculation

• Tax management

• The law is complete and final

Zimyo Pricing- Basic plan starts from  60 per user per month.

Zimyo offers customized payment plans that allow customers to pay monthly or annually.

Mobile App - Yes - Android and iOS

Clientele – Global

Suitable for - Businesses of all sizes - Small businesses to large businesses

 

15. Zoho Payroll

Top 20 Payroll Software in India


Zoho is a household name in the HR industry. Besides HRMS, Zoho offers payroll solutions to help businesses manage their payroll and expenses. The platform helps with comprehensive payroll management and scheduling and ensures that employees are paid correctly and on time. He has been in the industry for over 25 years and has established himself as a trusted brand in the HR and payroll industry. Some of the famous companies associated with Zoho are purpleSlate, CredRight, Tart Labs, Beez Innovation Labs Pvt. Ltd., etc.

Key features:

Cost management

• Tax management

• TDS calculation time

• Salary information and history

• Research reports

• Automated payroll

• Management of compensation

• Compliance with the law

• Access control

• PF/ESIS calculation time

• Relationships

• Loans to employees

Pricing – Basic package starts at 50 per user per month.

Mobile app - Yes, Android only, iOS - not available

Free Trial - Yes (30 days)

Clientele – Global

Suitable for: Small, medium and large businesses

 

16. 247 HRM

Top 20 Payroll Software in India


247 HRM simplifies your HR needs, such as payroll management, time tracking, and performance evaluation. In addition, it handles important administrative tasks, including hiring, logging and taxes.

Features:

• Self service portal for users

• Income Tax Management System

• Expense management

Price:

• Subscription: Rs 1999/month

• Running: Rs 2999/month

• Growing plants: Rs 3999/month

• Plant: Rs 4999/month

Suitable for: Small, medium and large organizations.

 

17. Gusto

Top 20 Payroll Software in India


Gusto is an online human resource management and payroll software designed exclusively for small and medium businesses. Whether you only need payroll or you want to add other benefits to professional HR support, gusto is a simple, fast and reliable option for your modern business.

Gusto is a modern online platform that helps over 100,000 small businesses ship, pay, insure and engage their members. With Gusto, you get unlimited invoices at no charge, customer support is a breeze, and taxes are paid automatically. Whether you just need payroll or you want to add value and professional HR support, Gusto is a simple, fast and reliable option for modern businesses.

Starting price: $40 per month

Full salary

Gusto makes payroll management easy. Payroll taxes are automatically calculated and split to help you stay compliant, with the best customer support on the way.

Benefits that fit your team and your budget

Gusto makes it possible to provide value to your users, on almost any small business budget. Whether you're buying health insurance for the first time or combining an existing plan with a premium, Gusto offers expert advice and support.

Plus, get extras like 401(k), life insurance, and benefits to create a competitive package that attracts and retains employees. This state-of-the-art software has insights and a team of advisors to help you navigate the benefits quickly.

The source of truth for all your HR data

Gusto offers professional HR tools for work, sign-in and group management from day one, so you can send letters, create employee surveys, track PTOs, and log and save those documents in one place. In addition, time tracking and leave requests are synchronized with your registration.

Main features of Gusto

• Attendance control

• Document management

• Personal service management for employees

• Expense management

• HR and compensation

• Multi-user login and role-based access control

• Cost management

• Tax management

• Timing

• Paper copy

• Data security

• Salary adjustment

• Value management

• Events and reminders

• Salary information and history

• Back office support

 

18. GoForRH

Top 20 Payroll Software in India


If you are looking for payroll software that will help you with efficient payroll processing, then GoForHR may be for you. From calculating salaries to managing legal compliance, this payroll software can help you with end-to-end payment processing. Apart from payroll management, the platform also offers attendance, performance and service management. 

Key features:

• Cost management

• Tax management

• Total amount paid

• PF/ESIS calculation time

• Profit management

• TDS calculation time

• Management of bonuses, loans and advances

• Management of exit and division management

Price – Their starter package starts at 6000 for 50 users per month.

Mobile App – Yes

Free trial - not specified

Client settings - not specified

Best for – Suitable for startups, SMEs, companies and businesses

 

19. Wallet HR

Top 20 Payroll Software in India


With Wallet HR, you can easily manage your payment program without doing any manual work. The platform takes care of all your payroll management needs and is an attractive tool for automation and innovation. In addition, you can work to calculate salaries, pay bills and even submit company tax payments. Its client list includes Specs makers, Isha Foundation, Hyundai HYSCO, to name a few.

Key features:

• Financial guidance

• TDS/PF/ESIS calculation time

• Reports, accounts, forms

• The law is complete and final

• Main HR addition

• Multiple salary systems

• Tax management

Price - not mentioned.

Mobile App – Yes (Android)

Free trial - not specified

Clientele – Global

Suitable for:  Small, medium and large businesses

 

20. HRMantra

Top 20 Payroll Software in India


HRMantra is the leading payroll software in India. The platform makes it easy to automate complex HR and payroll processes with its powerful features. With HRMantra, you can create unlimited salary leaders using powerful formulas and parameters to calculate loans, income, and salary and tax calculations. Toyota, MSC, Jockey, NTPC, is some of the big names associated with this leading HR software in India.

Key features:

• Compensation calculation

• Payment history

• Complete and final correction

• Payment forms and invoices

• Reception management

• Expense management

• Tax management

• Management of deductions

• EMI calculation

• Management of bonuses, loans and advances

Price - not mentioned.

Mobile App – Yes (Android)

Free trial - not specified

Clientele – Global

Best for - Suitable for businesses of all sizes

 

How to Choose the Best Payment Software in India - Important Tips to Follow

  

• Assess Your Organization's Needs

The first and most important step before choosing the right payment software is to have a thorough analysis of your business needs. Here are some questions you can ask yourself:

1. How often do you have trouble paying bills?

2. How much are billing errors costing you?

3. Do you pay your employees monthly or weekly?

4. What is the budget for your salary?

5. Is Manual Payroll Processing Right for You?

6. Can you keep accurate payroll records?

It can help you make the right decision by removing software that doesn't meet your needs.

 

• Can it Help Manage Compliance?

You must follow the payment rules to stay in compliance with the legal requirements. Failure to comply with regulatory requirements can cause problems for your business. Therefore, you need payment software that allows you to gain visibility and legal compliance and avoid legal issues. In this way, you can protect your organization from major losses or financial losses. You can review the updated compliance list for 2022 to better understand these payment or compliance rules.

 

• Look for Standard Features

Automatic payments are only possible when the necessary features are available in your payment software. Before choosing any payment software in India, you need to make sure that it has all the necessary features. You may want standard features like automatic payment calculation, tax reporting, expense management, phone access, admissions management, and deductions, to name a few.

 

• Consider Doing a Free Trial

Before jumping to conclusions, I would suggest that you do a free trial of the payment software. There are many top payment software companies in India, which offer 14 days free trial to help the prospects to check the functionality or features of their payment software. You can sign up for a free trial and decide whether or not it's the right choice for your business.

 

• Determine Your Budget

Although all automated plans may seem attractive and attractive, you should always consider your budget before making a final decision. There are many affordable options available in the market, so you can have paid software within your budget. However, the best payment software in India will force you to increase your budget. Typically, payment software with basic functionality can cost you between $20 and $50.

 

• Check out the Reviews

There are many SEO software like India Mart, Software Suggest, etc. who gives you honest customer feedback. These reviews are from real users, so you can rely on them to make your decision. You can also reach out to these customers to get their feedback on the payment software they use.

So, here are some tips you can follow to choose the best payment software for your business. However, choosing the right payroll software is the need of the hour, and following a few simple steps can help companies’ process payroll correctly.

Post a Comment

0Comments

Post a Comment (0)