Top 10 Payroll Software in India in 2024

Looking to streamline your company’s payroll management? Discover the ideal HR payroll software tailored to suit your business needs. Whether you’re a small startup or a large corporation, finding the right payroll software is crucial for accurate payments, tax compliance, and efficient financial management.

What Is Payroll Software?

In the realm of efficient payment management, payroll software stands as the ultimate solution. This robust tool simplifies and automates employee payments, encompassing salaries, reimbursements, and tax-related processes. By integrating payroll software, your HR and finance teams can ensure adherence to tax laws and financial regulations, reducing errors and saving valuable time.

Benefits of Payroll Management Software:

• Automated Payslip Generation: Streamline the process of generating payslips.
• Time Tracking: Efficiently monitor and manage employee work hours.
• Financial Management: Simplify financial processes within your organization.
• Highly Secured: Ensure data security and confidentiality.
• Cost Efficiency: Save time and resources while minimizing errors.
• Tax Filing: Simplify and streamline tax filing processes.

Top Payroll Software Solutions in India

SumHR
SumHR is a robust payroll software designed to streamline payroll management while offering a range of features tailored for businesses of varying sizes. Here’s an in-depth look at SumHR’s features and pricing:

Features of SumHR Payroll Software:

1. Multi-Currency Support: Enables handling payments in different currencies efficiently, ideal for businesses operating internationally.
2. Automated Payroll Processing: Streamlines the entire payroll process, reducing manual efforts and minimizing errors. It ensures accurate and timely salary payments to employees.
3. Self-Help Service: Provides employees with access to their payroll-related information, empowering them to manage certain aspects independently. This feature promotes transparency and self-sufficiency among employees.
4. Income Tax Filing (ITR): Simplifies and facilitates income tax filing procedures, ensuring compliance with tax regulations while minimizing complexities for both the company and its employees.

Pricing Structure:

SumHR offers flexible pricing plans to cater to diverse business needs. Here’s an overview of their pricing tiers:

• Startup Plan: This plan is designed for small businesses and offers services for free for up to 10 employees. It allows companies to explore basic functionalities without cost.
• Basic Plan: Priced at Rs 69 per user per month (billed annually), this plan offers an expanded set of features suitable for growing businesses. It provides enhanced functionalities beyond the startup plan.
• Advanced Plan: Priced at Rs 119 per user per month (billed annually), this plan is designed for larger organizations and offers a comprehensive suite of features, including advanced tools for complex payroll management needs.

Trial Period:

SumHR provides a 7-day trial period for users to explore and test the software before committing to a specific plan. This trial period allows businesses to assess the software’s suitability and functionality, ensuring it aligns with their specific payroll management requirements.

Razorpay

Certainly! Razorpay Payroll is a comprehensive payroll software that simplifies payroll management processes for businesses. Here’s an overview of its features and pricing:

Features of Razorpay Payroll Software:

1. One-Click Payroll Processing: Simplifies the payroll process, allowing for quick and efficient processing with just a single click. This feature reduces manual efforts and ensures timely salary payments.
2. Automated Statutory Compliance: Streamlines compliance with various statutory regulations such as TDS (Tax Deducted at Source), PF (Provident Fund), ESIC (Employee State Insurance Corporation), PT (Professional Tax), and more. It helps in meeting legal obligations accurately.
3. Leave Management System: Offers tools to manage employee leave effectively, allowing businesses to track and manage leave balances, approvals, and accruals seamlessly.

Pricing Structure:

Razorpay Payroll provides different plans to suit diverse business needs. Here’s an outline of their pricing model:

• Free Plan: This plan offers basic functionalities and is available for free, allowing small businesses or startups to explore the software’s capabilities without any financial commitment.
• Pro Plan: Priced at Rs 100 per employee per month, this plan offers advanced features suitable for growing businesses. It includes additional functionalities beyond the free plan.

Trial Period:

Razorpay Payroll typically offers a 1-month free trial for its Pro Plan. This trial period allows businesses to test the software’s functionalities and assess its suitability for their payroll management requirements.

Features: One-click payroll processing, automated compliance, leave management.

• Pricing: Pro plan (Rs 100 per employee/month).

GreytHR

GreytHR is a leading cloud-based payroll software in India that offers a range of features designed to simplify payroll management. Here’s an overview of its features and pricing:

Features of GreytHR Payroll Software:

1. Expense Management: Allows businesses to manage and track employee expenses efficiently, ensuring transparency and accuracy in expense reimbursements.
2. Reimbursement Management: Streamlines the process of reimbursing employees for various expenses incurred during work, making it easier to handle reimbursements.
3. Taxation Management: Ensures compliance with taxation rules and regulations, simplifying tax-related processes and reducing the complexities associated with tax calculations.

Pricing Structure:

GreytHR provides multiple plans with varying features to cater to different business needs. Here’s an outline of their pricing:

• Starter Plan: This plan is typically free and offers basic functionalities suitable for small businesses or those looking to explore the software’s capabilities.
• Welter Plan: Priced at Rs 1495 per month, this plan offers an expanded set of features beyond the starter plan, catering to the needs of growing businesses.
• Super Plan: Available at Rs 2495 per month, this plan offers comprehensive functionalities, making it suitable for larger enterprises with more complex payroll requirements.
• Cruiser Plan: Designed for larger corporations, this plan is priced at Rs 4495 per month and provides advanced features for handling intricate payroll processes.

Keka

Keka is a comprehensive HR and payroll software that offers a range of features to streamline payroll processes. Here’s an overview of its features and pricing:

Features of Keka Payroll Software:

1. Multi-User Login: Allows multiple users or roles to access the system, facilitating collaborative payroll management efforts.
2. Payroll Management: Streamlines the payroll process, encompassing tasks like salary processing, tax calculations, and deductions.
3. Asset Management: Offers tools to manage company assets related to employees, facilitating efficient tracking and record-keeping.

Pricing Structure:

Keka provides various plans to accommodate different business needs. Here’s an outline of their pricing:

• Foundation Plan: Priced at Rs 6999 for 100 employees, this plan offers basic functionalities suitable for smaller businesses or startups.
• Strength Plan: Available at Rs 14999 for 100 employees, this plan includes additional features beyond the foundation plan, catering to the needs of growing businesses.

FactoHR

FactoHR is a renowned HR and payroll management solution in India, offering a suite of features to automate payroll operations. Here’s an overview of its features and pricing:

Features of FactoHR Payroll Software:

1. Single-Click Payroll Processing: Simplifies the entire payroll process, from managing employee data to processing salaries, through an intuitive interface.
2. Off-Cycle Payroll Processing: Provides the flexibility to handle off-cycle payments or adjustments seamlessly.
3. Create Multiple Payroll Groups: Enables the creation of multiple payroll groups based on different employee categories or criteria, allowing tailored payroll management.

Pricing Structure:

FactoHR’s pricing plans are typically available on request, customized based on specific business needs. This approach ensures that the pricing aligns closely with the features and scale required by the organization.

Saral PayPack

Saral PayPack is a user-friendly payroll software that simplifies salary processing and employee management. Here’s an overview of its features and pricing:

Features of Saral PayPack Payroll Software:

1. Employee Management: Captures and manages both personal and professional details of employees, facilitating comprehensive HR management.
2. Salary Management: Handles salary-related processes, including calculation, distribution, and generation of salary slips.
3. Statutory Compliance: Ensures adherence to statutory requirements, aiding in the seamless management of compliance-related tasks.
4. Attendance and Leave Management: Tracks employee attendance and manages leave records efficiently.

Pricing Structure:

Saral PayPack offers different plans with varied features. Here’s an outline of their pricing:

• Standard Plan: Priced at Rs 46,500 for a single user and Rs 70,800 for multi-users. It provides fundamental functionalities suitable for smaller businesses.
• Corporate Plan: Available at Rs 100,500 for a single user and Rs 123,000 for multi-users. This plan offers advanced features tailored for larger organizations with more complex payroll needs.
• Premium Plan: Pricing for the premium plan is typically available on request, offering additional features based on specific business requirements.

PeopleApex

Payroll software like PeopleApex typically offers a suite of features aimed at simplifying payroll management. These may include:

1. Leave Management: Tracking and managing employee leaves, including accruals, approvals, and leave balances.
2. Tax Law Compliance: Ensuring adherence to tax laws and regulations, including support for tax filings and related compliance.
3. Manager Portal: Providing a dedicated space for managers to oversee and manage various HR and payroll-related tasks.
4. Geo-Tagging: Utilizing location-based information for attendance tracking or other HR purposes.

Regarding pricing, payroll software often follows a tiered pricing structure based on factors like the number of employees, additional features required, level of support, and customization options.

For precise and up-to-date information about PeopleApex’s features and pricing, I recommend visiting their official website or contacting their sales/customer support team directly. They should be able to provide comprehensive details about their product offerings, features, and various pricing plans tailored to suit your specific business needs.

Pocket HRMS

Pocket HRMS is an award-winning HR and payroll management software known for its user-friendly interface and comprehensive features. Here’s an overview of its features and pricing:

Features of Pocket HRMS Payroll Software:

1. Multi-Company and Multi-Structured Payroll: Handles payroll operations for multiple companies or diverse organizational structures efficiently.
2. Forms Generation: Simplifies the creation and management of various HR forms and documents.
3. Employee Self-Services: Provides employees with a self-service portal to access and manage their payroll-related information.
4. AI-Enabled Chatbot: Offers an AI-powered chatbot feature for HR assistance, streamlining interactions and support for employees.

Pricing Structure:

Pocket HRMS typically offers different pricing plans designed to cater to various business needs. Here’s a general outline of their pricing:

• Standard Plan: Priced at Rs 1495 per month, this plan might offer essential features suitable for smaller businesses or startups.
• Professional Plan: Available at Rs 2495 per month, this plan usually includes more advanced functionalities beyond the standard plan, suitable for growing businesses.

Akrivia HCM

Akrivia HCM typically aims to offer a comprehensive suite of features to streamline human capital management and payroll processes. These may include:

1. Employee Loans and Advances Management: Streamlining processes related to employee loans, advances, or financial assistance.
2. Self-Service Management: Providing employees with self-service tools to manage their payroll-related information, such as accessing payslips or updating personal details.
3. Benefits Management: Handling various employee benefits, including insurance, retirement plans, or other perks.

Regarding pricing, payroll software often follows a tiered pricing structure based on factors like the number of employees, additional features required, level of support, and customization options.

For accurate and up-to-date information about Akrivia HCM’s features and pricing, I recommend visiting their official website or contacting their sales/customer support team directly. They should provide detailed insights into their product offerings, features, and pricing plans tailored to your specific business requirements.

HRone

HROne is a comprehensive HR and payroll management software designed to streamline various HR processes. Here’s an overview of its features and pricing:

Features of HROne Payroll Software:

1. Appraisal Management: Facilitates performance appraisal processes for employees, including evaluations and reviews.
2. HR and Payroll Integration: Seamlessly integrates HR and payroll functionalities for efficient management and synchronization of data.
3. Biometric Attendance Management: Tracks employee attendance using biometric technology, providing accurate attendance records.

Pricing Structure:

Unfortunately, specific pricing details for HROne are not readily available in my current database. Payroll software often offers tiered pricing plans based on factors like the number of employees, additional features required, level of support, and customization options.

Summary:

HROne focuses on offering a comprehensive solution that combines HR and payroll functionalities. With features like appraisal management, HR and payroll integration, and attendance tracking, it aims to simplify various HR operations for businesses. The pricing plans are typically designed to cater to different business sizes and needs, ensuring scalability and flexibility.

For accurate and up-to-date information about HROne’s features and pricing, I recommend visiting their official website or contacting their sales/customer support team directly. They should provide detailed insights into their product offerings, features, and various pricing plans tailored to your specific business requirements.

Remember, each software solution caters to different organizational needs and sizes. Choose the one that aligns best with your company’s requirements for seamless payroll management.