Best Payroll Software for Your Business
The list of best payroll software in India includes Keka, PocketHRM, WalletHR, HROne, Spine Payroll, and ZohoPay. Payroll management software helps to automate and simplify business hr payroll management.



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List of 20 Best Payroll Software
Paychex is a well-designed payroll management software that allows great flexibility in managing various HR-related tasks. It encompasses services like payroll and taxes, insurance, employee benefits, 401 (k) retirement services, accounting and finance and PEO. Read Paychex Flex Reviews
Starting Price: Available on Request
Recent Review
"Review about paychex flex" - Zakir Fida
OnPay is among the most powerful payroll software available in the market. It is working from the last 30 years to help small business enterprises. It integrates with Xero, QuickBooks, etc. Read OnPay Reviews
Starting Price: $40 User/Month
Recent Review
"Review for OnPay" - Junaid Ahmad
Papaya Global is a cloud-based payroll application software platform that manages global payroll and HR tasks. The employee payroll software streamlines payroll processing for businesses operating internationally. It has features such as tax management, compliance reporting, and benefits administration for efficient business workflow. Read Papaya Global Reviews
Starting Price: $20 Employee/Month
Recent Review
"review of papaya global" - Tehzeeb Raza
Oyster Payroll is a cloud-based platform for managing payroll and HR tasks. It is among the best payroll software in India that streamlines business payroll processing with tax management, compliance reporting, and employee self-service features. The platform specializes in managing payroll for remote workers and international employees. Read Oyster Payroll Reviews
Starting Price: Available on Request
Our secure online payroll system, paying your employees has never been easier. We’ll help you get started by setting up your payroll, employees, payroll tax information, etc. Read Patriot Payroll Reviews
Starting Price: $17 Per Month
Recent Review
"Best decision in a long time" - Ella
Gusto is the employee onboarding platform, offering payroll, benefits, HR tools, and world-class support for small businesses. With Gusto, it’s easy to take care of your team and grow your business all in one place. Read Gusto Reviews
Starting Price: $40 Per Month
Recent Review
"my personal review on gusto" - Munda Ambersariya
Category Champions | 2023
Keka is a payroll software solution that simplifies HR-related tasks by automating the workflow for better and more accurate results. This Payroll Management Software is further equipped with a modern applicant tracking system that empowers HR staff to acquire the right talent. Read Keka Reviews
Starting Price: $97.21 Upto 100 Employees
Recent Review
"Keka is a cloud-based HR software designed to streamline " - Muhammad Asif
Pros | Cons |
---|---|
The software is designed to be intuitive and easy to use, with a modern and visually appealing design. This makes it accessible to users of all technical backgrounds and experience levels. |
The company offers a variety of resources to help users get started, including video tutorials, webinars, and a knowledge base. Additionally, users can reach out to the company's customer support team via phone, email, or live chat, and support representatives are generally responsive and helpful. |
I like in keka app that Keka is employee dashboard where I can see our colleague's profile, their likes and dislikes, interest area and most importantly when you login in the portal, you see the birthdays. It is really amazing i like it |
I have no any complaint from keka because it is really amazing. I live keka aap |
Intuit Payroll is a robust payroll software that comes in two packages to suit various business needs. It offers a complete set of payroll features which include calculating payroll taxes automatically, instantly generating unlimited paychecks, and much more. Read QuickBooks Online Reviews
Starting Price: $69.44 Per Year
Recent Review
"Quickbooks On the web - A Thorough Bookkeeping Arrangement" - saipureddy chandrasekhar
Pros | Cons |
---|---|
We were pleasantly surprised by the speed with which our company's data was transferred from offline software to Quickbooks Online and onboarded. Aside from that, since 2018, QuickBooks has been our primary and most frequently used accounting and billing software. |
As opposed to the offline Quickbooks versions, I believe that reports in Quickbooks Online are less customizable. There are also differences when managing multiple businesses. With the offline versions, we only needed to purchase a single set of licenses to manage multiple company files, whereas with the online versions, we had to create and purchase separate Quickbooks Online accounts for each of our businesses. |
Widely used with bookkeepers and accountants. The easy way to track finances. Straightforward implementation |
Monthly plans are expensive compared to alternatives. Account limited users with each plan. Learning curve to get started. |
Zenefits is the only small business HRIS that connect your payroll, benefits, other HR systems, and employee onboarding. It has a user-friendly dashboard and various novel features. Read Zenefits Reviews
Starting Price: $8 Per User
Recent Review
"Zenefits has been a big help!" - Evelyn Mauritsen
Pros | Cons |
---|---|
Human Resource laws are always changing, Zenefits keeps us on top of new laws and advises us how to proceed and what forms to fill out, etc. |
Getting in touch with them is sometimes frustrating but I realize they are busy answering other customers' calls. For the most part, I do not have a problem. |
Payroll, taxes, benefits, etc. |
Nothing comes to mind. |
With modern, intuitive technology and a world-class team of HR experts, Namely empowers people teams with an all-in-one HR solution designed for mid-sized businesses. Read Namely Reviews
Starting Price: Available on Request
Recent Review
"A very reliable HR software." - Abhi Sheth
Pros | Cons |
---|---|
Namely software is a web-based system which provides its support on a mobile device too. |
I didn’t find any cons in the software. Liked it very much. |
I will high recommend Namely software to other business colleagues. it is value for money |
Got to known about it a little late, the marketing team should promote it. |
UZIO is a SaaS-based online HR, benefits and cloud-based payroll management solution, provider. It is an ideal solution for any small to medium businesses who would like to move from paper-based tasks to a sophisticated HRIS platform. Learn more about UZIO Payroll
Starting Price: $4.5 Per Employee/Month
A Simple, Flexible, Accurate, and Compliant Payro
Ensuring Your Success with Darwinbox An intuitive UI that delivers efficient results in 3 steps: Input delivery, Payroll processing, Report extraction. Learn more about Darwinbox Payroll
Starting Price: Available on Request
Category Champions | 2023
Payroll crafted for building a better workplace
Zoho Payroll makes payroll administration simple by automating everything from timekeeping to tax calculations. It handles everything from centralizing and organizing employee records and information to scheduling payrolls and managing statutory compliance. Read Zoho Payroll Reviews
Starting Price: $0.69 Employee/Month
Recent Review
"Well organised Payroll Processing" - Gopalakrishnan A V
Pros | Cons |
---|---|
Monthly computation with flexibility add/deduction of one time, flexibility of tax deduction, documentation & proof of approval of proof of investments |
Batch wise payrun to identify billable or non billable customewise/projectwise |
Easy to use, understand and implement. Very intuitive and uncluttered which makes user confident enough. Regular and timely product updates. Very precise product and training manuals. |
Can not be much customized in comparison to other Zoho Products. Calculation of yearly bonus as per payment of Bonus Act is not available. Multi level approvals not available. |
CheckMark is the perfect Payroll system. Easy to use and affordable for any size and any type of organization for an unlimited employee. Accurately calculate salary, deduction, P.F., Overtime etc and generate Salary slip. Read CheckMark Reviews
Starting Price: Available on Request
Recent Review
"Highly recommend accounting tool" - Darshan Nathani
Pros | Cons |
---|---|
If you are in search of an accounting software tool that will proffer all-inclusive solutions for all the accounting needs of the business then you research will come to an end with CheackMark, the leading accounting software. It will take care of all you |
Doesn’t have mobile app support |
Emergents | 2023
Process payroll accurately and securely in 3 simple steps with ADP Vista HCM – a highly configurable and secure cloud-based payroll software designed for small, medium, and large businesses. With Vista HCM, you can generate all the necessary payroll and compliance reports easily. Read ADP Vista HCM Reviews
Starting Price: Available on Request
Recent Review
"Innovative solution for the fellow team members and the employers" - Shakir Kandiya
Pros | Cons |
---|---|
Good software but has limited features |
Very complex to use |
ELMO is the leading employee onboarding platform to provide Talent management, Workforce investigation and effective tools to consistently manage recruiting, onboarding, learning, performance management, progression and HR Core. Read ELMO Cloud HR & Payroll Reviews
Starting Price: Available on Request
Pros | Cons |
---|---|
Good marketing and sales pitch however it stops there. |
Very poor service delivery. They do not implement what they show you during sales. Teams at ELMO operate in silos. HR is implemented by a different team to Payroll. No project oversight by ELMO, client has to push to get results. Cost high to what you end up getting. System is clunky and still under development. Far from being perfect. |
High Performer | 2023
greytHR is the preferred Payroll software for Indian businesses. It automates key areas of HR, Payroll Management, leave, and attendance tracking. With more than 9,000+ highly satisfied customers and managing 10 lakh employee records daily, it delivers high-quality software service on a 24 x 7 basis. Read greytHR Reviews
Starting Price: Available on Request
Recent Review
"Useful HR App, tailor made implementation, and worldclass service " - Subhankith
Pros | Cons |
---|---|
Quality of the software and support, Dedicated team, Cost effectiveness, Future proof |
Probably the app require a bit more fine tuning. Also more apps to get integrated with. Rest all fine |
Easy to use, user friendly and all time avaible, layouts are good, handy |
Mobile app cant be added, nothing more to say, it looks pretty cool, probably i ll think |
Remote is a payroll software that empowers companies to pay and manage full-time and contract workers all over the world. In 50+ countries, we handle international payroll, benefits, taxes, stock options, and compliance. Most importantly, Remote never charges percentages or fees: one modest flat pricing keeps your budget under control so you can focus on expanding your business. Read Remote Reviews
Starting Price: $299 Employee/Month
Recent Review
"Transparent and effective with an amazing customer service " - Hanna Dazell
Pros | Cons |
---|---|
Very easy to use platform, all legal coverage. Swift resolution to any problem. User friendly |
Instead of communicating by email, I prefer a chat support team or phone calls also. |
Providing support upon employment contractual for overseas company complete with all the details needed to comply with local regulation |
So far I have to admit that nothing disappoint me yet from my personal experience |
BreatheHR is an online HR system for growing businesses that enables them to escape the mass of HR administration. breatheHR lets you centralise all your staff information in a simple to use HR system so nothing gets lost. Read Breathe Reviews
Starting Price: $12 Full license
Recent Review
"Very nice software to earning" - Hamza Hashmi
Pros | Cons |
---|---|
Breathe software is easy to use this software help us in finance and business and provide to business facility No |
NO ANY THINGS NOT DIFFICULT IN BREATHE SOFTWARE BREATHE SOFTWARE IS EASY TO USE this software is biggest software in world |
The pros of using a team management tool are that it is easy to use and visually displays information in a clear and organized manner, making it easy to see individuals, teams, and broader groups. Notification settings are also easy to set up and amend, and the tool is useful for securely storing and managing necessary data. |
The live chat assistance feature is permanently located in the corner of the screen and cannot be moved or repositioned. |
sumHR is a modern, charmful, and extremely easy to use Payroll management software solution that helps startups and SMEs streamline their HR & payroll processes. It is tension free cloud-based HR software & Payroll software. Read sumHR Reviews
Starting Price: $0.68 User/Month
Recent Review
"Awesome product with maximum output and minimum efforts" - Dhwaj Tiwari
Pros | Cons |
---|---|
Very useful product. The attendance and leave tracking was my major concern with payroll processing, which sumHR as a product has resolved to the extent. The Customer Success team is always responsive and very helpful. |
Looking forward for more features in sumHR |
Simple to understand and pretty UI |
Help us with more features |
Until 30th Jun 2023

As businesses grow, managing payroll becomes a complex and time-consuming task. Payroll software can streamline this process, automate calculations, and ensure compliance with tax laws and regulations. Choosing the right payroll software can be overwhelming with so many available options.
This guide aims to provide a comprehensive overview of the key features and considerations to help you make an informed decision that meets your business needs. This guide will help you choose the finest payroll software system for your business, whether you're a small business owner or a payroll administrator.
What Is Payroll Software?
Payroll software is a type of software that helps businesses automate and manage their payroll processes. It simplifies calculating and processing employee payments, including salaries, bonuses, and deductions, by automating tax calculations, paycheck printing, and direct deposit payments.
Payroll software can also help businesses comply with tax laws and regulations by automatically deducting and remitting payroll taxes and generating reports for tax purposes.
Some payroll software may also have features such as employee self-service portals, time and attendance tracking, and benefits administration. Overall, payroll software helps businesses streamline and automate their payroll processes, saving time and reducing errors.
What Role Does Payroll Software Play?
Payroll software plays a crucial role in managing the financial aspects of a business by automating and streamlining the payroll process. Some key roles that payroll software plays include calculating employee compensation and benefits are automated and streamlined by payroll software, which is essential to modern business operations.
The program allows employers to quickly manage employee payroll activities, including calculating wages, deductions, taxes, and other withholdings.
Payroll software minimizes errors or compliance problems while ensuring employees receive correct and timely wages. Payroll software can facilitate employee time and attendance data integration, enabling more precise tracking of hours worked and overtime.
Furthermore, many payroll software packages offer reporting and analytics features that give useful information about labor costs, benefit costs, and other financial variables. Ultimately, payroll software is crucial for companies of all sizes since it helps them save time and minimize errors.
Benefits of Payroll Software
By automating manual (and error-prone) processes, HR payroll software solutions assist you in conducting employee salaries, wages, bonuses, and deductions. It also keeps track of paid time off, vacation, and perks. Here are some of the key benefits of payroll software:
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Saves Time
Setting up and processing payroll via attendance and payroll software solutions is relatively easy. This renders them user-friendly.
Payroll programs minimize the need for manual tracking and payment. This helps your team save time, which may be redirected to other areas of your company, resulting in increased productivity. Tasks such as calculating salary and timesheets can be carried out as quickly as 20 seconds.
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Enhances Compliance
Tax rules and regulations are subject to change regularly. It may be challenging to calculate taxes, and missing deadlines can result in expensive fines and penalties for companies.
The payroll system software helps businesses remain compliant by providing information and reminders about payroll compliance needs. It is designed to apply tax deductions automatically and track payments in real-time. Some HRMS payroll software can also generate reports for filing tax requirements automatically.
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Generates Reports
An hr payroll software enables you to generate reports for internal decision-makers, accountants, and auditors. Summaries of quarterly costs, yearly tax payments, and historical employee benefit participation are all examples of what may be found in a payroll report.
Furthermore, reporting capabilities, such as cost summaries and tax payments, are frequently included in hr payroll software solutions.
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Automates Payment Disbursement
You may also use payroll programs to automate the payment disbursement procedure. Using attendance with single-touch payroll software, you may customize hourly or salaried staff and save much of the tedious labor of calculating hours and paychecks.
Also, most hr payroll software systems allow you to provide your employees a choice in how they receive their pay. You may keep employee preferences in the system to ensure that their chosen mode of payment is used every time.
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Reduces Outsourcing
Payroll services reduce the risk of disclosing sensitive employee information to a third party. You get complete control over your financial data.
Besides, employers can restrict access to the payroll information of their employees. Employees can easily view their payroll information on the self-service portal. It ensures complete pay transparency.
Why Do You Need Payroll Software?
Businesses need payroll software essential for any business to operate effectively and efficiently. Below are some important reasons:
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Time and cost savings
Payroll software automates and streamlines the payroll process, saving time and reducing costs associated with manual payroll processing, such as data entry, printing and mailing checks, and reconciling payroll data.
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Accuracy and compliance
Payroll software ensures accuracy and compliance with tax laws and regulations by automatically calculating taxes and deductions, generating reports for tax purposes, and keeping track of changes in tax laws.
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Employee self-service
Many payroll software solutions include self-service portals, allowing employees to access their pay stubs, update personal information, and request time off, reducing administrative work for HR staff.
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Data security
Payroll software securely stores employee information and payroll data, reducing the risk of data breaches and ensuring compliance with data protection laws.
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Reporting and Analytics
Payroll software generates reports on payroll costs, tax liabilities, and other financial metrics, providing businesses with insights into their payroll processes and helping them make informed decisions.
Key Features of Payroll Software
The key features of payroll software can vary depending on the specific software, but here are some of the most common features you can expect to find in most payroll software:
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Employee management
Payroll software typically includes features for managing employee information, such as contact details, salary, benefits, tax status, and other employment-related data.
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Notifications and Updates
The employee payroll management system keeps reminding you of important notifications like tax payments and salary due dates. You can also set reminders for pending tasks, such as approval of a leave request.
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Employee Calendars
Payroll calendars are easy to manage in different aspects of employee status, like checking on sick leaves, absences, and overtime. Time & attendance management software with payroll helps employees to make plans and decisions on a particular day.
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Time and attendance tracking
Many payroll software solutions include time and attendance tracking features that allow employees to clock in and out, track hours worked, and monitor leave and vacation time.
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Payroll processing
Payroll software automates calculating employee salaries, bonuses, and deductions, processing payments, and generating pay stubs.
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Tax compliance
Payroll software ensures compliance with tax laws and regulations by automatically calculating and withholding payroll taxes, generating tax forms, and keeping track of changes in tax laws.
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Direct deposit and check to print
Payroll software typically includes features for processing payments, such as direct deposit or check printing.
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Employee self-service
Many payroll software solutions include self-service portals, allowing employees to access their pay stubs, update personal information, and request time off.
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Payslips
This salary slip module helps you generate payslips so your employees and company can keep the payment records.
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Automates Data Management
Automating the data management software in this payroll management solution helps speed up your work process and saves time. Besides, it eliminates the chance of human-made error and ensures accuracy.
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Tax Computation
Most advanced solutions have a tax computation module that helps you accurately file your tax on time. It complies with all updated government regulations and helps avoid hefty fines for miscalculations or failing to file taxes.
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Integration with other systems
Payroll software may integrate with other systems, such as time and attendance, accounting, or HR software, to streamline processes and avoid duplicate data entry.
How To Choose The Right Payroll Software?
Enterprise payroll software for small businesses can completely transform your organization's functions. It is a roadmap for automated payroll processes and brings about a high level of work efficiency by reducing administrative procedures to a large extent.
When investing in a new payroll solution, carefully weigh your organization's needs and budget. You must look at the complete package holistically and check whether it will fulfill all your obligations.
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Does the service provider have the specific features you are looking for?
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Do payroll services provide good support features?
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Can you customize the payroll solutions according to your specific business requirements?
You may have to answer these vital questions before picking out the best payroll software for small businesses. Let's study these factors in detail.
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Cost
Businesses are looking for affordable solutions. The cost is the foremost priority when deciding on an automated payroll system. Check for hidden fees that might be overlooked during the initial service cost comparison. Read the brochure and fully understand what features should be included and what not in the final price.
Ask even the silliest question that comes to your mind so you aren't surprised when you receive the bill. Make sure what is included in the payroll and what is not. If you plan to hire more employees, ask about the approximate cost per additional worker.
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Features
Here are some features that should be considered when choosing an automated payroll system.
- Payment Type: How do you want to pay your employees? Direct deposits, paychecks, or payroll cards? You want your payroll system software to support how you pay your employees.
- Pay Period: When do you want to pay your employees? Every week, bi-weekly, or at the end of every month? Choose software that lets you pay your employee whenever you want.
- Supplement wages: If you pay your employees bonuses, commissions, or tips, you need a service provider that can support supplement wages.
- Time and attendance: Time and Attendance help track the number of hours your employees work. You can have your employees enter the hours online or enter them yourself.
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Support
HR payroll software offers firm support and makes you feel more comfortable running your payroll. Some companies help you set up your automated payroll system. If support is the priority, compare the software's support level.
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Free trial
Some providers offer a free trial to know the software's ins and outs. A free trial will help you know precisely what you are purchasing. Therefore, check if the HR payroll software you are considering offers you a free trial. It helps you have a hands-on approach and temporarily runs your payroll at no additional cost.
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Contract
Don't get strapped into a year-long contract. And if you have to ensure that the software you are considering meets all your needs. You might have to pay a fee to drop out early. Contracts are made to get stuck to the software; if you want to exit, you must pay a dropout fee.
Going with payroll apps without contracts is better than turning them down without fees. Every option has pros and cons; consider your business needs before making the final call. If you comprehensively go through this checklist, you can invest in the most suitable provider for your small business.
Top 5 Payroll Software
Payroll software is an essential tool for businesses of all sizes, helping to streamline the complex process of calculating and managing employee compensation and benefits. With so many payroll software solutions on the market, it can be challenging to determine which is right for your business. To help you make an informed decision, here are the top five payroll software solutions:
Name
|
Free Trial
|
Demo
|
Pricing
|
---|---|---|---|
7 Days |
Yes |
INR 6999/ Month | |
30 Days |
Yes | INR 2495/ Month | |
30 Days |
Yes |
INR 46,500/ Month | |
No |
Yes |
INR 999/ Month | |
30 Days |
Yes |
Free Plan |
1. Keka
Keka software is one of the best payroll software in India, an all-in-one hr payroll service, that enables you to automate your payroll process and achieve complete efficiency. It can do everything from accurately calculating your employees’ salaries to disbursing them directly to their accounts. Moreover, it considers leaving, bonuses, and other pay compensation factors while calculating an individual’s pay. Global brands like Oyo, Aditya Birla, and UpGrad use Keka to manage their payroll management software process.
Features
- Expense management loans And bonuses
- Leave attendance management
- Attendance management
- GPS Attendance
Pros
- Dedicated mobile apps
- Excellent customer service
- User-friendly dashboard
- Easy leave and absence tracking
Cons
- A bit complicated to use
- The features can be more advanced
Pricing
- Foundation: 6,999/month (up to 100 employees) +60/month per additional employee
- Strength: 9,999/month (up to 100 employees) +90/month per additional employee
- Growth: 13,999/month (up to 100 employees) +130/month per additional employee
2. Pocket HRMS
Pocket HRMS is a cloud-based payroll software that comes well-equipped with payroll solutions. It offers payroll solutions tailored to industry needs, including manufacturing, construction, real estate, schools, BSFI, etc.
HR personnel can easily prepare and file tax returns using online payroll software. It can generate necessary tax forms like eTDS Form 24Q. The best thing is that after accurately calculating employees’ salaries, you can automate disbursing the amount to their accounts directly.
Features
- Self-service portal
- Expense management
- Statutory compliance
- Attendance and time tracking
- Employee benefit management
Pros
- Convenient and reliable
- Auto-generated payslips
- Use friendly with seamless accessibility
- Intuitive interface
Cons
- Lack of search box
- Not suitable for enterprise businesses
Pricing
- Standard: Starting at 2495 /month(for 50 employees)
- Professional: Starting at 3995 /month(for 50 employees)
- Premium: Call for pricing
3. Saral PayPack
Saral PayPack is a simple yet powerful payroll system software designed to meet every aspect of payroll processing. From tracking attendance punch to payslip generation, it is well-equipped with tools to perform every functionality. Payroll management software can be deployed on-premise and on the cloud to enable you to access the system on the go. Moreover, the system ensures that your business complies with all laws and regulations, such as PF, TDS, PT, ESI, etc.
Features
- Leave management
- Exit management
- Reporting and analysis
- Reimbursement management
- Employee self-service
Pros
- Simple and easy to use
- Customizable
- Advanced features
- Advanced Reporting
Cons
- Customer service can be improved
- Pricing is on the higher spectrum
Pricing
- Standard: 46,500/single user 70,800 for Multi-user
- Corporate: 100,500/single user 123,000 for Multi-user
- Premium: On request
4. 247HRM
247HRM Software offers a complete HR-related solution - from payroll and taxes to performance management. With its interactive dashboard, you can easily keep track of every activity and interaction with visual charts. The employee self-service portal accelerates basic HR processes, such as task management, scheduling, and leave requests. There is also a help desk where employees can communicate directly with HR if they have any queries.
Features
- Custom workflows
- Performance appraisal
- Skill management
- Statutory compliance and income tax
- Payroll and expense report
Pros
- Reliable customer support
- Generation of reports in real-time
- User-friendly interface
- Customized reporting
Cons
- UI needs improvement
- Features are very basic
Pricing
- 247HRM Seed: 1999/Monthly
- 247HRM Shot: 2999/Monthly
- 247HRM Sapling: 3999/Monthly
- 247HRM Tree: 4999/Monthly
5. Zoho Payroll
Zoho Payroll is a leading online payroll software streamlining payroll management. It acts as a centralized database for all your employees’ information and records and allows you to schedule payroll processing. Zoho payroll software is well-known for its high accuracy and ability to file returns.
Zoho Payroll ensures that your company complies with all applicable laws and regulations in India. Companies like Indiefolio, Tartlabs, Webcasts, and more trust Zoho Payroll for their payroll activities.
Features
- Supports diverse salary structures
- User and access control
- Salary and payslip templates
- Loan management
- Secure employee portal
Pros
- Password-protected files
- Fast and straightforward to use
- Affordable pricing
- User-friendly interface
Cons
- The application does not allow easy navigation
- Limited features
Pricing
- Free plan
- Premium plan: 50/employee/month billed annually
Challenges Faced While Using Payroll Software
There are many challenges to using payroll software. Some common challenges that users may face while using payroll software are:
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Learning curve
Payroll software can be complex and require time to learn and become proficient.
Users may need to invest time in training, reading documentation, and exploring the software to understand its full potential.
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Technical issues
Payroll software can sometimes have technical issues, such as bugs, system crashes, or compatibility problems with other software. These issues can disrupt the payroll process and cause delays or errors.
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Security concerns
Payroll data is highly sensitive and confidential, and users must ensure that the software they use is secure and compliant with data privacy regulations. Any security breach can result in a loss of trust and legal and financial implications.
-
Customization limitations
Depending on the software, some users may find that the software does not meet all their specific payroll needs or does not allow for customization. This can result in workarounds or additional manual work.
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Integration with other systems
Payroll software may need to integrate with other systems, such as HR or accounting. Integration can be challenging, and users may face compatibility issues, data inconsistencies, or synchronization problems.
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Cost
Payroll software can be expensive, and users may need to balance the cost of the software against the benefits and savings it can provide. Some users may find the cost prohibitive and need to look for alternatives.
Current Trends In Payroll Software
The payroll software market is evolving to meet the changing needs of companies and employees. These trends will likely shape the industry in the coming years.
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Cloud-based payroll solutions
One of the biggest trends in payroll software is the shift toward cloud-based solutions. These solutions offer greater flexibility, accessibility, and scalability than on-premise systems, allowing companies to manage payroll data securely and from anywhere.
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Mobile-friendly solutions
As more employees work remotely or from mobile devices, payroll software vendors are developing mobile-friendly solutions that enable employees to access their pay stubs, benefits information, and other payroll-related data from their mobile devices.
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Artificial Intelligence and Automation
Payroll software providers integrate artificial intelligence (AI) and automation features into their products to streamline processes, reduce errors, and improve efficiency. AI-powered payroll solutions can automate tax calculations, wage deductions, and compliance reporting, freeing HR and payroll staff to focus on more strategic tasks.
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Integration with other HR software
Another trend in payroll software is integration with other HR software, such as time and attendance tracking, benefits administration, and performance management systems. By integrating these systems, companies can streamline their HR processes and ensure that all employee data is accurate and up-to-date.
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Increased focus on compliance
With ever-changing regulations and tax laws, compliance is a top priority for payroll software vendors. They are developing solutions that help companies stay up-to-date with regulations and ensure their payroll processes comply with local and federal laws.
Conclusion
Payroll software is critical for any business to efficiently manage employee compensation and benefits. Payroll software can automate complex calculations and streamline administrative tasks, helping to reduce errors, save time, and improve compliance with regulations.
Whether your business is large or small, many payroll software solutions can meet your specific needs, from basic payroll processing to more advanced HR tools. By investing in the right payroll software, businesses can focus on their core operations and free up valuable time and resources for other important tasks.
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FAQs of Payroll Software
The average cost of payroll software is around $10 to $30 per employee per month.
Small Businesses are everywhere, and the competition is higher than ever due to start-ups emerging daily. One way to retain your position in the market is to hire and retain the most talented employees. And to do that, you need to pay attention to every small detail that keeps your employees satisfied.
Small businesses need payroll due to the following reason:- No Technical Expertise is Needed
- Saves a Lot of Time:
- Customizable Enough to Fit Small Business Needs
Payroll Software in following cities
Payroll Software in following industries
- Accounting & CPA
- Advertising
- Agriculture
- Architecture
- Auto Dealership
- Banking
- Banking & Mortgage
- Construction
- Consulting
- Distribution
- Education
- Engineering
- Food & Beverage
- Government Agencies
- Government Contractors
- Healthcare
- Hospitality
- Insurance
- Maintenance & Field Service
- Manufacturing
- Media & Newspaper
- Nonprofit
- Oil & Gas
- Pharmaceuticals
- Real Estate
- Retail
- Transportation
- Trading
- Textile
- Financial
- Hotel & Restaurant
- Sales
- Fashion
- PSA
- Talent Management
- eCommerce
- FMCG