10 Best Payroll Software in India (2024): Top Solutions Reviewed
What is Payroll Software?
Payroll Software automates managing employee salaries, wages, bonuses, and deductions. It also tracks time off, vacation accrual, and benefits. Payroll software typically includes features such as tax calculation, direct deposit, employee self-service portals, and integration with other HR and accounting software. It is designed to help businesses accurately and efficiently manage their payroll processes in compliance with relevant laws and regulations.
Top 10 Payroll Software in India (2024)
Deel
: Simplifies global payroll and compliance for remote teams with automated solutions.
Paylocity
: Delivers comprehensive payroll and HR solutions focusing on employee engagement and modern workforce management.
Paychex Flex
: Powerful payroll and HR platform designed for seamless compliance and superior customer support.
HROne
: Combines payroll processing with robust HR management tools tailored for the Indian market.
ADP
: Provides scalable payroll and HR solutions renowned for reliability and comprehensive compliance support.
Keka
: Streamlines payroll, HR, and performance management with an intuitive and user-friendly interface.
GreytHR
: Delivers comprehensive payroll and HR solutions with a strong emphasis on compliance and detailed reporting.
Paycor
: Offers robust payroll and HR solutions designed to streamline administrative tasks and improve workforce management.
Razorpay
: Simplifies payroll with automated payments and compliance, integrated with Razorpay tools.
Zimyo
: Offers a comprehensive payroll management system compliant with Indian tax laws.
Importance of a Payroll Management System
Indian firms have come to rely heavily on payroll management systems since they guarantee:
Flawless computation of salaries
Absolute observance of compliance rules
Efficiency of time, money, and effort
Enhanced reporting and record-keeping
Few to no post-payroll differences
Employee self-service options, such as having tax slips in hand
Simplified integration capabilities
Data-driven approach to strategic decision-making
Key Features to Look for in Payroll Software in India
When choosing a payroll service, consider the following features to ensure it meets your business needs:
Compliance with Indian Labor Laws and Tax Regulations
: Ensure the software automatically updates with changes in laws and regulations.
Automated Salary Calculations and Payments
: Simplifies payroll processing and ensures timely payments.
Employee Self-Service Portals
: Allows employees to access payslips, tax forms, and other personal information.
Integration with Accounting Software
: Facilitates seamless financial management.
Attendance and Leave Management
: Tracks employee attendance and manages leave requests.
Reporting and Analytics
: Provides insights into payroll data for better decision-making.
Security Features
: Protects sensitive employee and financial information.
How to Choose the Top Payroll Software in India?
Choosing the top 10 payroll software in India involves evaluating various factors to ensure it meets your business needs effectively. Here’s a guide to help you select the best payroll software:
Understand your organization's requirements
Ensure it meets compliances
Look if the necessary features are available in the software
Consider taking a free trial
Compare pricing plans after determining your budget
Ensure the software offers robust security measures
Consider user feedback from businesses like yours and testimonials to gauge real-world performance and user satisfaction
10 Best Payroll Companies in India (2024)
Deel
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Why Deel?
With Deel, you may hire and pay anyone as an employee or contractor, and you won't have to worry about sophisticated tax systems, local rules, or foreign payroll.
I chose Deel because it offers complete global labor administration, encompassing contract modifications, reimbursement of expenses, and adjustments to off-cycle payroll. Payroll can be run off-cycle whenever necessary, and payments can be scheduled in advance. It's also important to highlight that the business employs local experts in the field to handle global payroll and guarantee that all local contributions are considered.
Best For: Small & Mid-Sized Companies
Standout Features
Contractor Management
Multi-currency Payments
Global Benefits Marketplace
Built-in Compliance
Expense Management & Tax Reporting
24*7 Support and Dedicated Account Managers
Pros
Deel offers a detailed view in their dashboards.
It offers strong customer support to its users.
Customer Reviews
“It's clear that Deel goes above and beyond to support its users in real, tangible ways.” (Source: G2 )
Cons
There is a lack of better customization options.
The platform could improve on providing all its features uniformly across countries.
Customer Reviews
“Dislike that Deel card is not available in the United Arab Emirates or India.” (Source: G2 )
Clientele
Shopify
Nike
Cloudflare
Intercom
Upwork
Gitlab
Pricing
Deel Payroll
$29/employee/month
Deel US Payroll
$19/employee/month
Deel US PEO
$79/employee/month
Paylocity
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Why Paylocity?
Paylocity is a cloud-based Payroll and HR software provider that combines payroll, HR, and benefits administration into a user-friendly interface.
I chose Paylocity because it is a great fit for tech-savvy companies with complex payroll needs. Also, Paylocity's scalability and other comprehensive features can easily accommodate the needs of companies experiencing rapid growth. Its automation tools and streamlined processes can help manage the increasing workload, reduce errors, and save time.
Best For: Small & Mid-Sized Companies
Standout Features
Payroll processing
HR management
Benefits administration
Time and attendance tracking
Expense Management
Employee Feedback and Pulse Survey
Pros
Good integration with other systems.
The mobile app provides most of the features from the platform.
Customer Reviews
“We love the mobile capability for our team. Most features are accessible from smartphones, which helps our technicians in the field.” (Source: Capterra )
Cons
The product has a steep learning curve.
It offers limited flexibility and customization options.
Customer Reviews
“There are limited options when it comes to customizations.” (Source: G2 )
Clientele
Twilio
DocuSign
Levi Strauss & Co.
Citizens Financial Group
University of Southern California
Lewis, Inc.
Pricing
Custom Plan
Price on Request
Paychex Flex
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Why Paychex Flex?
I chose Paychex Flex because you can approve PTO, manage time sheets, keep tabs on your staff's daily hours, and administer benefits- all in one place.
It is a cloud-based payroll and HR software offering a comprehensive solution designed to make it easier for businesses to ensure all their workers are paid on time and accurately while also simplifying and streamlining the payroll process. With Paychex Flex, you can also easily arrange and approve your payrolls prior to payday using Paychex Flex.
Best For: Businesses of All Sizes
Standout Features
Payroll automation and tax filing
Employee self-service portal
Time and attendance tracking
Scalable payroll solution
HR management tools
Mobile App
Pros
Saves your time with a lot of payroll filters.
The platform provides easy customizations according to the needs of the business.
Customer Reviews
“It is so customizable to each employee and different groups.” (Source: G2 )
Cons
New users have a learning curve, especially with finding reports.
The customer support service needs to buckle up in getting back to users.
Customer Reviews
“Support could be better, as it takes time to reach the right person for assistance.” (Source: G2 )
Clientele
Dell Technologies
Motorola Solutions
Viacom CBS
Bank of America
Catholic Health Initiatives
Wells Fargo
Pricing
Select
Custom Pricing
Pro
Custom Pricing
Enterprise
Custom Pricing
HROne
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Why HROne?
HROne is an HCM suite that offers a comprehensive solution to all HR needs under one roof. Unlike one-size-fits-all solutions, it provides flexibility, scalability, and transparency.
HROne has made it to my list due to its seamless adaptability to your organization’s size and requirements. Whether you’re navigating hiring challenges, managing employee data, or looking for easy and accurate payroll solutions, HROne is the solution. Additionally, the inbox-for-HR is a unique and innovative feature that gives HROne an edge over its competitors.
Best For: Businesses of All Sizes
Standout Features
Payroll management
Attendance and leave tracking
Employee self-service
HR management tools
Compliance and background checks
Easiest customizations
Pros
It offers a Gmail-inspired Inbox for HRs, making tracking HR tasks a breeze.
It offers a credible performance module to enhance employee productivity.
Customer Reviews
“HROne has solved many problems via automating all our operational activity on a single platform.” (Source: G2 )
Cons
The mobile app doesn't have all the features that are available on the web.
The platform has limited analytics and reporting capabilities.
Customer Reviews
“HROne needs to bring more reports related to employees' activity tracking.” (Source: G2 )
Notable Clients
Lux Cozi
Timex
Haier
Annapurna
Weikfield
Nippon Steel
Pricing
Basic
₹85/50 Users/Month
Professional
₹115/50 Users/Month
Enterprise
Price on Request
ADP
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Why ADP?
ADP offers a one-stop shop for all HR and payroll needs, from basic payroll processing to sophisticated talent management tools. The software prioritizes data security and compliance with complex regulations, giving employers peace of mind. Additionally, it integrates with other HR business applications, allowing organizations to create a cohesive ecosystem for managing their workforce.
I chose ADP because of its scalability and leadership in payroll outsourcing. It is also a well-trusted software company with over 70 years in the market, offering consistent services.
Best For: Businesses of All Sizes
Standout Features
Automated Payroll Processing
HR & Talent Management
Employee Self-Service
Benefits Administration
Time & Attendance Tracking
Analytics & Reporting
Pros
The mobile app works well and streamlines HR processes, saving time.
The platform provides quick and responsive customer service.
Customer Reviews
“The support team is knowledgeable and responsive, always providing quick and effective solutions to any issues or questions we have encountered.” (Source: Capterra )
Cons
The platform is relatively expensive for small businesses as they might not need as many features as provided.
Not all features come across as easy to understand if you are not an experienced HR professional.
Customer Reviews
“The software provides a range of reporting options, but navigating and creating custom reports can be challenging for users who are not experienced in HR management.” (Source: Capterra )
Notable Clients
Microsoft
Walmart
Johnson & Johnson
Pfizer
JPMorgan Chase
Pricing
Select
Price on request
Plus
Price on request
Premium
Price on request
Keka
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Why Keka?
With an employee-centric approach, Keka simplifies complex HR processes. It covers the entire spectrum, from payroll management to leave tracking, performance monitoring, and employee data management. Its intuitive UI ensures that even non-technical users can navigate the platform effortlessly.
I chose Keka because it goes the extra mile when it comes to customer support. Live chat directly within the Keka HR web application allows collaborative problem-solving. In summary, Keka combines a user-friendly interface, responsive customer support, and comprehensive features.
Best For: SMBs
Standout Features
Attendance and leave management
Payroll and compliance management
Employee self-service
Track Productivity
Custom Notifications
Mobile App
Pros
The platform offers excellent customer support, resolving issues at no time.
It is user-friendly and has one of the best-in-class user interfaces.
Customer Reviews
“It's user-friendly not only to the HRs but even to the employees.” (Source: G2 )
Cons
The platform is unavailable on Windows and Mac for on-premises implementation.
The mobile application lacks a few of the important HR functions.
Customer Reviews
“Mobile application does not have a few tabs like hiring, timeline/feeds, etc.” (Source: G2 )
Notable Clients
Dream 11
UpGrad
Vedanta
OnePlus
Razorpay
Chillibreeze
Pricing
Foundation
₹6999/month upto 100 employees
Strength
₹13999/month upto 100 employees
Growth
₹13,999/month upto 100 employees
GreytHR
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Why GreytHR?
GreytHR helps businesses automate and streamline various HR and payroll processes. It offers productivity tools for better people management and professional delivery of HR services.
It has made it to my list because it can handle complex payroll and tax scenarios. The leave, attendance, and expense management modules are seamlessly integrated with its payroll module, ensuring accurate and timely payment of salaries while adhering to various laws and regulations. This means updates to each payroll input flow into the payroll system in real-time without any additional effort.
Best For: SMBs
Standout Features
Payroll Software
Attendance and Leave Management
ESS Portal
Expense Management
Compliance and Income tax Management
Performance management
Pros
It is compliant with all the necessary laws and regulations.
Its customer support is nimble and responsive with a quick turnaround time.
Customer Reviews
“Greythr's responsive customer service adds to the overall positive experience.” (Source: G2 )
Cons
The mobile app is slow and lags frequently.
The platform sometimes shows glitches and errors.
Customer Reviews
“I don't find many cons, but sometimes I feel like the UI is a bit clumsy when we use it on mobile or in web app” (Source: G2 )
Notable Clients
Indigo
Instamojo
WeWork
Nanjappa
Khatabook
Geberit
Pricing
Essential
₹3495/month (Includes 50 Employees)
Growth
₹5495/month (Includes 50 Employees)
Enterprise
₹7495/month (Includes 50 Employees)
Paycor
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Why Paycor?
Paycor is a cloud-based software platform designed to streamline and automate various aspects of human resources (HR), payroll, and workforce management for businesses. It offers efficient and accurate payroll processing with automated tax filing, direct deposit, and compliance management.
Paycor offers industry-specific solutions tailored to the unique needs of businesses of all sizes and stands out as a versatile solution that meets the diverse needs of businesses, which is why I recommend Paycor on my list.
Best For: Businesses of All Sizes
Standout Features
Robust Payroll Solution
Employee Self-Service Portal
Multiple Pricing Tiers
Strong Learning Management System
Advanced Reporting & Analytics
All-in-one Platform
Pros
Paycor offers advanced reporting & analytics capabilities.
It is also an all-in-one platform for all HR management needs with extensive features.
Customer Reviews
“We love that Paycor has so many features- payroll, performance management, pulse surveys, learning management system, recognition, and company news, just to name a few.” (Source: G2 )
Cons
It is relatively costlier than other competitor platforms in the market.
The platform supports limited customization and slow customer service.
Customer Reviews
“Sometimes, it takes a little while to get a response from customer service.” (Source: G2 )
Notable Clients
Wendy’s
McDonald’s
Detroit Zoo
The Cincinnati Bengals
The YMCA
ACMS
Pricing
SMB
Price on Request
Mid-Market
Price on Request
RazorpayX Payroll
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Why RazorpayX Payroll?
RazorpayX Payroll is a modern, comprehensive payroll management solution designed to streamline the payroll process for businesses of all sizes. As part of Razorpay's suite of financial services, RazorpayX Payroll aims to automate and simplify various aspects of payroll, from salary disbursement to compliance management.
Joining forces with RazorpayX Payroll will allow you to say goodbye to laborious payroll procedures, as this automated payroll program aids businesses in managing compliance, paying workers and contractors, and calculating payroll.
Best For: SMBs
Standout Features
Payroll Processing
Expense Management
Statutory Compliances
Arrears Calculation
Earnings and Deductions
Payroll Reports
Pros
It also offers comprehensive compliance management.
The platform offers easy integrations.
Customer Reviews
“Razorpay has probably the highest number of integrations available for any payment gateway.” (Source: Capterra )
Cons
There is limited customization.
The customer service needs real betterment.
Customer Reviews
“No customer support. Select accounts are given chat options and is disabled as soon as you chat with them more than 2-3 times.” (Source: Capterra )
Clientele
Swiggy
Nykaa
Urban Company
Cred
Hotstar
Myntra
Pricing
Pro
₹100/user/month
Prime
₹2999/month for up to 20 employees
Elite
₹5999/month for up to 50 employees
Enterprise
Custom pricing
Zimyo
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Why Zimyo?
Zimyo is a one-stop shop that optimizes everything from hiring to offboarding and everything in between. Zimyo backs an end-to-end implementation to improve your key metrics.
Zimyo will help your business by simplifying and expediting your payroll process. This is why I chose Zimyo, as payroll can be processed accurately and quickly with only three clicks using this payroll software. With Zimyo, you can also handle taxes and expenses, create and download payroll reports and payslips, and maintain regulatory compliance.
Best For: SMBs
Standout Features
Employee Benefits
Payroll & Expense Management
User-Friendly & Engaging UI
Employee Engagement
Performance Management
Time & Attendance Management
Pros
The platform offers customizable dashboards for in-depth analytics.
It has a smooth implementation procedure, ensuring limited disruptions.
Customer Reviews
“We were able to migrate to Zimyo effortlessly thanks to its user-friendliness and the brilliant implementation and customer support team.” (Source: G2 )
Cons
There are occasional bugs and errors found in the platform.
The platform offers limited customization abilities, limiting employee flexibility.
Customer Reviews
“The restricted functions of a standard system and few strains on customization is one of the aspects Zimyo could improve upon” (Source: G2 )
Notable Clients
Yashraj Films
Bajaj Capital
TVF
Apollo Tyres
Capital Motion
Qatar Wire Products
Pricing
Basic
$3/user/month
Standard
$4/user/month
Enterprise
$6/user/month
Benefits of Using Payroll Software
The main benefits of incorporating payroll software in your organization are:
Time Savings and Increased Efficiency:
Automates repetitive tasks, freeing up time for more strategic activities.
Reduced Errors in Payroll Processing:
Minimizes manual errors, ensuring accurate payouts.
Compliance with Local Regulations:
Keeps up with changing laws, reducing the risk of penalties.
Enhanced Data Security:
Protects sensitive employee and payroll data with robust security measures.
Better Employee Satisfaction:
Provides employees with easy access to payroll information and self-service options.
FAQs
Q. How does payroll software ensure compliance with Indian tax laws?
A. Payroll software is regularly updated to reflect the latest changes in Indian tax laws and labor regulations. It automates tax calculations and TDS deductions and generates necessary tax forms, ensuring compliance and reducing the risk of penalties.
Q. Can payroll software handle the needs of both small and large businesses?
A. Yes, payroll software can be scaled to meet the needs of businesses of all sizes. Small businesses benefit from simplified payroll processes and cost savings, while large businesses can leverage advanced features like comprehensive reporting, integrations, and multi-location management.
Q. What are the cost considerations for payroll software in India?
A. Costs can vary based on features, number of employees, and the level of support required. Businesses should consider setup fees, monthly or annual subscription fees, customization costs, and any additional charges for support or updates. Many vendors offer scalable pricing plans to fit different budgets.
Q. Is it easy to integrate payroll software with existing systems?
A. Most modern payroll software solutions offer easy integration with existing systems like accounting software, HR management systems, and ERP solutions. This ensures seamless data flow and reduces the need for duplicate data entry, enhancing overall efficiency.
Q. How secure is payroll software?
A. Payroll software typically includes robust security features such as data encryption, secure login protocols, role-based access controls, and compliance with data protection regulations. These measures protect sensitive employees and payroll data from unauthorized access and breaches.
Q. Can payroll software handle statutory compliance for PF, ESI, and other Indian regulations?
A. Yes, most payroll software in India is designed to handle statutory compliance, including Provident Fund (PF), Employee State Insurance (ESI), Professional Tax, and other statutory deductions. The software automatically calculates contributions, generates necessary reports, and ensures timely compliance.
This article is written by Shabana Shahnaz , a Product Research Analyst at Vantage Circle . As a post-graduate in Applied Sociology, Shabana is passionately interested in people dynamics. She writes everything in and around Human Resources that helps professionals find what they're looking for in the HR domain. To get in touch, reach out to [email protected]
