20 Best Payroll Softwares in India: 2024 Edition

Managing payroll is a critical task for any business, and in India, it comes with its own set of complexities. From navigating the ever-changing tax laws to ensuring compliance with a multitude of labor regulations, payroll management can quickly become overwhelming. As businesses grow and teams expand, the importance of an efficient payroll system becomes even more pronounced. In a country like India, where regulations are stringent and penalties for non-compliance can be severe, getting payroll right is not just important—it’s essential.

Thankfully, the market offers a variety of payroll software solutions designed to simplify the process. These tools are not only capable of handling complex calculations but also ensuring compliance with the latest regulations, which is crucial in the Indian context. But with so many options available, how do you select the best one for your specific needs?

In this guide, we’ll explore the leading payroll software options available in India. We’ll dive into their key features, focusing on how they address the unique challenges faced by businesses in the Indian market. Whether you're running a small startup or managing a large enterprise, the right payroll software can make all the difference in ensuring smooth operations and satisfied employees.

Let's uncover the tools that can transform your payroll management into a hassle-free experience, tailored to the specific needs of businesses in India.

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What to Look for in Payroll Software

When selecting payroll software for India, there are several key factors to consider:

Ease of Use

• ‍Intuitive Interface: The software should have a user-friendly design that minimizes the learning curve for both payroll administrators and employees in India.‍
• Clear Navigation: Menus, buttons, and options should be easy to locate and understand, ensuring a smooth user experience.‍
• Minimal Training: The software should require minimal training for users to become proficient, allowing for quick adoption and efficient use.

Automation Capabilities

• ‍Tax Filing: The software should automatically calculate and file India taxes, including Income Tax, Provident Fund (PF), Employee State Insurance (ESI), and Professional Tax.‍
• Payroll Calculations: The software should accurately calculate wages, deductions, and net pay, considering India-specific labor laws and regulations.‍
• Direct Deposits: The software should support seamless direct deposit of paychecks to Indian bank accounts.‍
• Time Off Management: If the software includes time off management features, it should automate calculations for vacation, sick leave, and other time-off benefits in compliance with Indian labor laws.

Integration Options

• ‍HR Software: Integration with India-specific HR software can streamline employee data management and reduce the need for manual data entry.‍
• Accounting Systems: Integration with Indian accounting systems can help automate payroll-related accounting entries and provide a unified view of financial data.‍
• Time Tracking Solutions: Integration with India-based time tracking solutions can ensure accurate calculation of hours worked and overtime pay.

Compliance Features

• ‍Tax Law Updates: The software should be regularly updated to reflect changes in Indian tax laws.‍
• Minimum Wage Compliance: The software should ensure compliance with India’s minimum wage regulations, which vary by state and industry.‍
• Employment Rights: The software should assist in compliance with Indian employment rights, such as maternity leave, paternity leave, and statutory sick pay.

Employee Self-Service

• ‍Online Pay Stubs: Employees should be able to access their pay stubs online, providing them with convenient access to their earnings information.‍
• Tax Forms: Employees should be able to access and download necessary tax forms, such as Form 16 for income tax filing.‍
• Benefit Management: If the software includes benefits administration features, employees should be able to view and manage their benefits online.

Scalability

• ‍Growing Workforce: The software should be able to accommodate an increasing number of employees without compromising performance.‍
• Expanding Operations: The software should be capable of handling payroll processing for multiple locations or business entities within India.‍
• Future Growth: The software should be adaptable to changes in your business's structure or operations in India.

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1. RazorpayX Payroll

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RazorpayX Payroll is a comprehensive payroll management software tailored for businesses of all sizes. It is part of the Razorpay suite, known for its seamless integration with payment processing and financial management tools. RazorpayX Payroll simplifies the complexities of payroll processing, compliance management, and tax deductions, making it an ideal choice for businesses looking to automate and streamline their payroll operations.

Key Features

• Automated Payroll Processing: RazorpayX Payroll automates salary calculations, tax deductions, and direct deposits, ensuring accurate and timely payments with minimal manual intervention.
• Compliance Management: The platform ensures compliance with all statutory requirements, including PF, ESI, TDS, and other local regulations, reducing the risk of penalties.
• Employee Benefits Management: Easily manage employee benefits such as health insurance, reimbursements, and other perks directly within the platform.
• Expense Management: Integrates with RazorpayX to handle employee reimbursements, providing a seamless process from claim submission to approval and payment.
• Employee Self-Service Portal: Employees can access their payslips, tax documents, and manage personal information through an intuitive self-service portal, reducing HR workload.

Best For

Businesses of all sizes looking for an integrated payroll solution that offers strong compliance management and seamless integration with financial and payment processing tools.

Pros

• Strong integration with Razorpay’s payment processing tools.
• Comprehensive compliance management features.
• Easy-to-use employee self-service portal.
• Automated expense management and reimbursement processing.

Cons

• May require additional setup for businesses not already using Razorpay’s suite of tools.
• Limited advanced HR features compared to larger platforms.

Pricing

RazorpayX Payroll offers flexible pricing plans tailored to the needs of your business. Contact Razorpay for a detailed quote and to explore the available plan options.

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2. Zoho Payroll

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Zoho Payroll is a cloud-based payroll management solution designed for small to medium-sized businesses. It is part of the Zoho suite of business applications, offering seamless integration with other Zoho products such as Zoho Books and Zoho People. Zoho Payroll simplifies payroll processing, tax compliance, and employee management.

Key Features

• Automated Payroll Processing: Automate salary calculations, direct deposits, and payroll schedules with compliance to local regulations.
• Tax Management: Manage tax deductions, filings, and payments automatically, ensuring compliance with statutory requirements.
• Employee Self-Service: Employees can access their payslips, submit investment declarations, and update personal details through a self-service portal.
• Leave Management: Integrates with Zoho People to manage leave policies, approvals, and accruals directly within the payroll system.
• Customizable Pay Structures: Create and manage different pay structures for various employee groups, including bonuses, allowances, and deductions.

Best For

Small to medium-sized businesses that are already using Zoho’s suite of products and need an integrated payroll solution to manage their HR and financial operations.

Pros

• Seamless integration with other Zoho products like Zoho Books and Zoho People.
• User-friendly interface with comprehensive payroll and tax management features.
• Strong support for employee self-service and customization of pay structures.
• Cost-effective solution for businesses looking for a unified platform.

Cons

• May require integration with other Zoho applications for full HR functionality.
• Limited to regions where Zoho Payroll is supported, which may affect global businesses.

Pricing

Zoho Payroll offers competitive pricing with flexible plans based on the size and needs of your business. Contact Zoho for a detailed quote and plan options tailored to your requirements.

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3. greytHR

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greytHR is a cloud-based HR and payroll management solution designed specifically for small and medium-sized businesses (SMBs). It offers a comprehensive set of features focused on simplifying payroll processes, ensuring compliance, and enhancing HR operations. With its user-friendly interface and robust features, greytHR is a trusted platform for businesses aiming to streamline their HR and payroll functions.

Key Features

• Payroll Processing: greytHR automates payroll calculations, tax compliance, and direct deposits, ensuring accurate and timely salary disbursements.
• Statutory Compliance: The platform ensures compliance with all local statutory requirements, including PF, ESI, and tax filings, helping businesses avoid penalties.
• Employee Self-Service: Employees can access their payslips, apply for leaves, submit expense claims, and update personal information through a user-friendly self-service portal.
• Leave and Attendance Management: Easily track employee attendance, manage leave policies, and integrate attendance data directly with payroll processing.
• Document Management: Maintain and manage employee records and important HR documents securely in a centralized repository.

Best For

Small to medium-sized businesses looking for a reliable HR and payroll management solution that focuses on compliance and efficient employee management.

Pros

• Strong emphasis on compliance and payroll management.
• Easy-to-use employee self-service portal.
• Comprehensive leave and attendance management tools.
• Secure document management and storage.

Cons

• Limited advanced HR features compared to larger platforms.
• May require integration with other tools for complete HR automation.

Pricing

greytHR offers flexible pricing plans tailored to the needs of small and medium-sized businesses. Contact greytHR for detailed pricing information and plan options.

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4. Keka

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Keka is a modern HR and payroll management platform designed to streamline HR processes for businesses of all sizes. Known for its intuitive interface and comprehensive features, Keka is a popular choice for companies looking to enhance their HR operations and employee management.

Key Features

• Payroll Management: Keka simplifies payroll processing with automated salary calculations, compliance with tax laws, and seamless integration with time and attendance systems.
• Employee Self-Service: Employees can access their payslips, apply for leaves, submit expenses, and update personal information through an easy-to-use self-service portal.
• Time and Attendance: Track employee attendance, manage shifts, and monitor working hours with robust tools that integrate seamlessly with payroll processing.
• Performance Management: Keka offers tools for setting goals, conducting performance reviews, and managing appraisals, helping to align employee performance with company objectives.
• Leave Management: Automate leave tracking with customizable leave policies, ensuring accurate leave balances and reducing manual errors.

Best For

Businesses of all sizes that need a comprehensive HR and payroll management solution with a focus on ease of use and employee engagement.

Pros

• User-friendly interface that simplifies HR processes.
• Comprehensive payroll features with compliance support.
• Strong employee self-service capabilities, enhancing engagement.
• Robust performance and leave management tools.

Cons

• Limited advanced analytics compared to some competitors.
• May require integration with other tools for complete HR automation.

Pricing

Keka offers customized pricing based on the size and needs of your business. Contact Keka for a detailed quote and plan options.

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5. Saral PayPack

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Saral PayPack is a comprehensive payroll management software designed to simplify payroll processes for businesses of all sizes. The platform is known for its robust features that streamline salary management, statutory compliance, and attendance tracking, making it an essential tool for companies looking to automate their payroll operations.

Key Features

• Payroll Processing: Automates payroll calculations, salary disbursement, and statutory compliance, ensuring accurate and timely payments.
• Statutory Compliance: Handles compliance with all statutory requirements, including tax deductions, PF, ESI, and other local regulations.
• Attendance Tracking: Integrates attendance data directly into payroll, simplifying the management of employee working hours and leave balances.
• Employee Self-Service Portal: Employees can access their payslips, tax forms, and leave balances through a user-friendly self-service portal.
• Reporting and Analytics: Offers detailed reports and analytics on payroll, compliance, and employee attendance to support informed decision-making.

Best For

Small to medium-sized businesses looking for a straightforward payroll solution that covers all essential aspects of payroll processing and compliance.

Pros

• Comprehensive payroll and compliance management.
• Easy-to-use interface with strong reporting features.
• Integrates attendance tracking with payroll processing.
• Cost-effective solution for small to medium-sized businesses.

Cons

• Limited advanced HR features beyond payroll and compliance.
• Customization options may be limited for more complex HR needs.

Pricing

Saral PayPack offers flexible pricing plans based on the size and specific needs of your business. Contact Saral PayPack for a detailed quote and plan options.

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6. FactoHR

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FactoHR is an integrated payroll and HR software designed to automate payroll processes while ensuring compliance with statutory regulations. It offers a wide range of features that streamline HR operations, from payroll processing to employee management, making it a versatile solution for businesses of all sizes.

Key Features

• Automated Payroll Processing: Automates salary calculations, direct deposits, and compliance with tax regulations, ensuring timely and accurate payroll management.
• Compliance Management: Ensures compliance with local statutory requirements, including PF, ESI, and tax filings, reducing the risk of legal penalties.
• Employee Self-Service: Employees can access their payslips, apply for leave, and manage personal information through a self-service portal.
• Performance Management: Includes tools for managing employee performance, appraisals, and goal setting, helping align employee efforts with business objectives.
• Leave and Attendance Management: Tracks employee attendance and leave, integrating this data seamlessly with payroll for accurate salary disbursements.

Best For

Businesses of all sizes looking for a comprehensive payroll and HR management solution that automates key processes and ensures compliance.

Pros

• Integrated HR and payroll management features.
• Strong compliance and statutory management tools.
• User-friendly self-service portal for employees.
• Robust performance management and appraisal tools.

Cons

• Advanced customization may require additional setup.
• Some users may find the interface complex for initial use.

Pricing

FactoHR offers flexible pricing plans based on the size and needs of your business. Contact FactoHR for detailed pricing and plan options.

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7. Pocket HRMS

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Pocket HRMS is a cloud-based payroll and HR management software that leverages AI-enabled features to simplify payroll processing and ensure compliance with statutory regulations. It provides a comprehensive suite of tools that cater to various HR functions, making it an ideal solution for businesses looking to automate and optimize their HR operations.

Key Features

• AI-Enabled Payroll Processing: Automates payroll calculations, tax deductions, and direct deposits with AI-powered accuracy and efficiency.
• Compliance Management: Ensures compliance with all statutory requirements, including tax filings, PF, ESI, and other regulations.
• Employee Self-Service Portal: Provides employees with access to their payslips, leave balances, and personal information through a secure self-service portal.
• Leave and Attendance Management: Manages employee attendance, leave requests, and shift scheduling, integrating this data with payroll processing.
• AI-Driven Insights: Offers AI-powered analytics and insights into payroll data, helping businesses make informed HR decisions.

Best For

Businesses of all sizes looking for an advanced, AI-enabled payroll and HR management solution that provides comprehensive features and ensures compliance.

Pros

• AI-driven payroll processing and insights.
• Strong compliance management features.
• User-friendly employee self-service portal.
• Cloud-based solution with secure data storage.

Cons

• Advanced features may require a learning curve for new users.
• Pricing may be higher for small businesses with limited budgets.

Pricing

Pocket HRMS offers customized pricing based on the size and specific needs of your business. Contact Pocket HRMS for a detailed quote and plan options.

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8. HROne

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HROne is a comprehensive HR and payroll management software designed to streamline HR processes for businesses of all sizes. With features like appraisal management, attendance tracking, and payroll automation, HROne is a versatile solution for companies looking to optimize their HR operations.

Key Features

• Payroll Automation: Automates payroll calculations, tax deductions, and salary disbursements, ensuring compliance with statutory regulations.
• Appraisal Management: Manages employee performance appraisals, goal setting, and feedback, helping align employee performance with company objectives.
• Attendance Tracking: Tracks employee attendance, leave balances, and shift schedules, integrating this data seamlessly with payroll processing.
• Employee Self-Service: Provides employees with access to their payslips, leave requests, and personal information through a secure self-service portal.
• Recruitment and Onboarding: Streamlines recruitment processes, including applicant tracking, interview scheduling, and onboarding workflows.

Best For

Businesses of all sizes seeking a comprehensive HR and payroll management solution that covers all aspects of employee management, from recruitment to payroll.

Pros

• Comprehensive HR and payroll management features.
• User-friendly interface with strong appraisal and performance management tools.
• Integrated recruitment and onboarding workflows.
• Secure employee self-service portal.

Cons

• May require additional training to fully utilize advanced features.
• Some customization options may be limited for specific HR needs.

Pricing

HROne offers flexible pricing plans tailored to the size and needs of your business. Contact HROne for a detailed quote and plan options.

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9. Beehive HRMS

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Beehive HRMS is a comprehensive HR management solution designed to automate and streamline various HR processes for businesses of all sizes. The platform offers a wide range of features, including payroll management, employee self-service, and performance management, making it a versatile tool for managing HR operations efficiently.

Key Features

• Payroll Management: Automates payroll processing, including salary calculations, tax deductions, and compliance with statutory regulations.
• Employee Self-Service: Provides employees with access to their payslips, leave balances, and personal information through a user-friendly self-service portal.
• Performance Management: Includes tools for managing employee appraisals, goal setting, and performance reviews.
• Attendance Management: Tracks employee attendance and integrates this data seamlessly with payroll processing.
• Recruitment and Onboarding: Streamlines the recruitment process, including job postings, applicant tracking, and onboarding workflows.

Best For

Businesses of all sizes looking for a comprehensive HR management solution that covers payroll, performance management, and employee self-service.

Pros

• Comprehensive HR and payroll management features.
• User-friendly interface with strong employee self-service capabilities.
• Robust performance management and appraisal tools.
• Integrated recruitment and onboarding processes.

Cons

• May require additional training to fully utilize advanced features.
• Pricing may be higher for small businesses with limited budgets.

Pricing

Beehive HRMS offers customized pricing based on the size and specific needs of your business. Contact Beehive HRMS for a detailed quote and plan options.

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10. Spine HR

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Spine HR is a robust HR and payroll management software designed to streamline HR processes for businesses across various industries. It offers a wide array of features, including payroll automation, compliance management, and employee self-service, making it an ideal choice for companies looking to enhance their HR operations.

Key Features

• Payroll Automation: Automates payroll calculations, salary disbursements, and statutory compliance, ensuring accurate and timely payments.
• Compliance Management: Manages compliance with all statutory requirements, including PF, ESI, and tax filings.
• Employee Self-Service: Provides employees with access to their payslips, leave balances, and personal information through a secure portal.
• Attendance Management: Tracks employee attendance, integrates with payroll, and supports various attendance systems, including biometric devices.
• Document Management: Centralizes HR documents and employee records in a secure, easily accessible repository.

Best For

Businesses across various industries seeking a comprehensive HR and payroll solution that emphasizes compliance and employee management.

Pros

• Strong focus on compliance and payroll management.
• Comprehensive attendance and document management features.
• Secure and user-friendly employee self-service portal.
• Integration with various attendance systems, including biometric devices.

Cons

• Limited advanced HR features compared to larger platforms.
• May require integration with other tools for complete HR automation.

Pricing

Spine HR offers flexible pricing plans tailored to the needs of your business. Contact Spine HR for detailed pricing information and plan options.

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11. TeamNest

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TeamNest is an easy-to-use HR and payroll management software that helps businesses automate payroll, manage employee attendance, and streamline HR processes. Designed for small to medium-sized businesses, TeamNest offers a range of features that simplify HR operations while ensuring compliance with statutory regulations.

Key Features

• Payroll Processing: Automates payroll calculations, tax deductions, and salary disbursements, ensuring accurate and timely payments.
• Attendance Management: Tracks employee attendance, integrates with payroll, and provides tools for managing shifts and leaves.
• Employee Self-Service: Employees can access their payslips, apply for leave, and update personal information through a secure self-service portal.
• Compliance Management: Ensures compliance with statutory regulations, including tax filings, PF, and ESI, reducing the risk of legal penalties.
• Performance Management: Includes tools for setting goals, conducting performance reviews, and managing appraisals.

Best For

Small to medium-sized businesses looking for an affordable and user-friendly HR and payroll solution that automates key processes and ensures compliance.

Pros

• Easy-to-use interface with a focus on payroll and attendance management.
• Comprehensive compliance and statutory management tools.
• User-friendly employee self-service portal.
• Affordable pricing tailored for small to medium-sized businesses.

Cons

• Limited advanced HR features beyond payroll and attendance.
• Customization options may be limited for specific business needs.

Pricing

TeamNest offers competitive pricing with flexible plans based on the size and specific needs of your business. Contact TeamNest for detailed pricing information and plan options.

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12. ZingHR

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ZingHR is a cloud-based HR management software that offers a comprehensive suite of HR and payroll tools designed to improve employee engagement and streamline HR processes. It provides features such as payroll automation, performance management, and employee self-service, making it a versatile solution for businesses of all sizes.

Key Features

• Payroll Automation: Automates payroll processing, including salary calculations, tax deductions, and compliance with statutory regulations.
• Employee Self-Service: Provides employees with access to their payslips, leave balances, and personal information through an intuitive self-service portal.
• Performance Management: Includes tools for managing employee appraisals, goal setting, and performance reviews.
• Attendance Management: Tracks employee attendance, manages shifts, and integrates attendance data directly with payroll processing.
• Recruitment and Onboarding: Streamlines the recruitment process, including job postings, applicant tracking, and onboarding workflows.

Best For

Businesses of all sizes looking for a comprehensive HR and payroll solution that enhances employee engagement and automates HR processes.

Pros

• Comprehensive HR and payroll management features.
• Strong focus on employee engagement and self-service.
• Robust performance management and appraisal tools.
• Integrated recruitment and onboarding processes.

Cons

• May require additional training to fully utilize advanced features.
• Pricing may be higher for small businesses with limited budgets.

Pricing

ZingHR offers customized pricing based on the size and specific needs of your business. Contact ZingHR for a detailed quote and plan options.

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13. Qandle

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Qandle is a comprehensive HR management software designed to automate and simplify various HR processes for businesses of all sizes. The platform offers a wide range of features, including payroll management, employee self-service, performance management, and compliance, making it an all-in-one solution for modern HR needs.

Key Features

• Payroll Processing: Automates payroll calculations, tax deductions, and salary disbursements, ensuring accurate and timely payments.
• Employee Self-Service: Provides employees with access to their payslips, leave balances, and personal information through a secure and intuitive self-service portal.
• Performance Management: Includes tools for managing employee appraisals, setting goals, and conducting performance reviews.
• Leave and Attendance Management: Tracks employee attendance, manages leave requests, and integrates this data seamlessly with payroll processing.
• Compliance Management: Ensures compliance with local statutory requirements, including PF, ESI, and tax filings, reducing the risk of legal penalties.

Best For

Businesses of all sizes looking for an all-in-one HR management solution that automates key processes and enhances employee engagement.

Pros

• Comprehensive HR and payroll management features.
• User-friendly interface with strong employee self-service capabilities.
• Robust performance management and appraisal tools.
• Integrated compliance management to ensure statutory adherence.

Cons

• May require additional setup for advanced customization.
• Some users may find the interface complex initially.

Pricing

Qandle offers flexible pricing plans tailored to the needs of your business. Contact Qandle for detailed pricing information and plan options.

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14. Akrivia HCM

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Akrivia HCM is an advanced human capital management (HCM) platform designed to streamline HR processes and enhance employee engagement. It offers a wide range of features, including payroll management, talent management, employee self-service, and analytics, making it a robust solution for businesses looking to optimize their HR operations.

Key Features

• Payroll Management: Automates payroll processing, tax compliance, and salary disbursements, ensuring accuracy and efficiency.
• Talent Management: Manages the entire employee lifecycle, from recruitment to retirement, with tools for onboarding, performance management, and career development.
• Employee Self-Service: Provides employees with access to their payslips, leave requests, and personal information through a secure self-service portal.
• HR Analytics: Offers powerful analytics tools that provide insights into HR data, helping businesses make informed decisions.
• Compliance Management: Ensures compliance with statutory requirements, including tax filings, PF, ESI, and more.

Best For

Medium to large-sized businesses looking for a comprehensive HCM solution that covers all aspects of HR management, from payroll to talent management and analytics.

Pros

• Comprehensive HCM features covering the entire employee lifecycle.
• Strong analytics tools for data-driven decision-making.
• User-friendly employee self-service portal.
• Robust compliance management features.

Cons

• Advanced features may require a learning curve for new users.
• Pricing may be higher for small businesses.

Pricing

Akrivia HCM offers customized pricing based on the size and needs of your business. Contact Akrivia HCM for a detailed quote and plan options.

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15. Papaya Global

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Papaya Global is an AI-augmented payroll platform designed to simplify global payroll processing and compliance. It offers a unified solution for managing payroll, benefits, and compliance across multiple countries, making it an ideal choice for businesses with a global workforce.

Key Features

• Global Payroll Processing: Automates payroll processing across multiple countries, ensuring compliance with local tax laws and regulations.
• Compliance Management: Ensures compliance with statutory requirements in each country, including tax filings, social security contributions, and labor laws.
• Benefits Administration: Manages employee benefits, including health insurance, retirement plans, and more, tailored to each country’s regulations.
• HRIS Integration: Integrates with existing HRIS systems to provide a seamless payroll and HR management experience.
• Data Security and Privacy: Offers robust data security and privacy features, ensuring that employee data is protected across all regions.

Best For

Businesses with a global workforce looking for a comprehensive payroll solution that simplifies multi-country payroll processing and compliance management.

Pros

• Simplifies global payroll processing with AI-driven automation.
• Strong compliance management across multiple countries.
• Seamless integration with existing HRIS systems.
• Robust data security and privacy features.

Cons

• Pricing may be higher due to the complexity of global payroll processing.
• Limited to businesses with global payroll needs.

Pricing

Papaya Global offers customized pricing based on the size and needs of your business. Contact Papaya Global for a detailed quote and plan options.

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16. Oyster Payroll

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Oyster Payroll is a global payroll and HR management platform designed to support remote teams. It simplifies the complexities of international payroll, compliance, and employee management, making it easier for businesses to hire and manage a global workforce.

Key Features

• Global Payroll Management: Automates payroll processing for remote employees in multiple countries, ensuring compliance with local tax laws and regulations.
• Compliance Management: Manages compliance with employment laws, tax regulations, and social security requirements across different countries.
• Employee Benefits Administration: Provides tailored benefits packages for remote employees, including health insurance, retirement plans, and more.
• HR Management Tools: Offers tools for managing employee records, contracts, and performance reviews in a centralized platform.
• Remote Hiring Support: Simplifies the hiring process for remote employees, including contract generation, onboarding, and legal compliance.

Best For

Businesses with remote teams looking for a global payroll solution that simplifies payroll processing, compliance management, and employee benefits administration.

Pros

• Simplifies global payroll and compliance for remote teams.
• Comprehensive benefits administration tailored to remote employees.
• Centralized platform for managing HR and payroll functions.
• Strong support for remote hiring and onboarding.

Cons

• May require integration with other HR tools for full functionality.
• Pricing may be higher due to the complexity of global payroll management.

Pricing

Oyster Payroll offers customized pricing based on the size and needs of your business. Contact Oyster Payroll for a detailed quote and plan options.

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17. ADP Vista HCM

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ADP Vista HCM is a comprehensive human capital management (HCM) solution designed to meet the HR and payroll needs of businesses of all sizes. The platform integrates payroll, compliance, time and attendance, and employee benefits management into a single solution, making it a versatile choice for businesses looking to streamline their HR operations.

Key Features

• Payroll Management: Automates payroll processing, including salary calculations, tax deductions, and direct deposits, ensuring compliance with local regulations.
• Compliance Management: Ensures compliance with statutory requirements, including tax filings, PF, ESI, and other local laws, reducing the risk of penalties.
• Time and Attendance: Tracks employee attendance, manages shifts, and integrates this data seamlessly with payroll processing.
• Employee Self-Service: Provides employees with access to their payslips, leave balances, and personal information through a user-friendly self-service portal.
• Employee Benefits Management: Manages a variety of employee benefits, including health insurance, retirement plans, and more.

Best For

Businesses of all sizes looking for a comprehensive HCM solution that integrates payroll, compliance, time and attendance, and employee benefits management.

Pros

• Comprehensive HCM features covering payroll, compliance, and benefits management.
• Strong compliance management tools to ensure statutory adherence.
• User-friendly employee self-service portal.
• Integration with time and attendance systems.

Cons

• Advanced features may require a learning curve for new users.
• Pricing may be higher for smaller businesses.

Pricing

ADP Vista HCM offers customized pricing based on the size and needs of your business. Contact ADP for a detailed quote and plan options.

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18. OnPay

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OnPay is a cloud-based payroll and HR management software designed for small to medium-sized businesses. The platform simplifies payroll processing, benefits management, and HR tasks, making it an ideal solution for businesses looking for an easy-to-use, cost-effective payroll system.

Key Features

• Payroll Processing: Automates payroll calculations, tax filings, and direct deposits, ensuring accurate and timely payments.
• Benefits Management: Manages employee benefits, including health insurance, retirement plans, and more, integrating seamlessly with payroll.
• Compliance Management: Ensures compliance with local, state, and federal tax regulations, reducing the risk of penalties.
• Employee Self-Service: Provides employees with access to their payslips, benefits information, and personal details through a secure portal.
• HR Tools: Includes tools for managing employee records, onboarding, and performance reviews.

Best For

Small to medium-sized businesses looking for an affordable and easy-to-use payroll and HR management solution.

Pros

• Affordable pricing tailored for small to medium-sized businesses.
• Comprehensive payroll and benefits management features.
• Strong compliance management tools.
• User-friendly employee self-service portal.

Cons

• Limited advanced HR features compared to larger platforms.
• May require integration with other tools for complete HR functionality.

Pricing

OnPay offers transparent pricing with plans starting at $36 per month plus $4 per person. Contact OnPay for a detailed quote and plan options.

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19. PeopleApex

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PeopleApex is a global HR and payroll management software designed to streamline HR processes and enhance employee management. It offers a wide range of features, including payroll processing, compliance management, talent management, and employee self-service, making it a robust solution for businesses with a global workforce.

Key Features

• Global Payroll Management: Automates payroll processing for employees across multiple countries, ensuring compliance with local tax laws and regulations.
• Talent Management: Manages the entire employee lifecycle, from recruitment to retirement, with tools for onboarding, performance management, and career development.
• Compliance Management: Ensures compliance with statutory requirements in each country, including tax filings, social security contributions, and labor laws.
• Employee Self-Service: Provides employees with access to their payslips, leave balances, and personal information through a secure portal.
• HR Analytics: Offers powerful analytics tools that provide insights into HR data, helping businesses make informed decisions.

Best For

Businesses with a global workforce looking for a comprehensive HR and payroll management solution that covers all aspects of employee management and compliance.

Pros

• Comprehensive global HR and payroll management features.
• Strong compliance management across multiple countries.
• User-friendly employee self-service portal.
• Robust HR analytics tools for data-driven decision-making.

Cons

• Advanced features may require a learning curve for new users.
• Pricing may be higher due to the complexity of global payroll management.

Pricing

PeopleApex offers customized pricing based on the size and needs of your business. Contact PeopleApex for a detailed quote and plan options.

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20. Wave Payroll

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Wave Payroll is a simple and affordable payroll management solution designed for small businesses. The platform integrates seamlessly with Wave’s accounting and invoicing tools, making it an ideal choice for businesses looking for a unified financial management solution.

Key Features

• Payroll Processing: Automates payroll calculations, tax filings, and direct deposits, ensuring accurate and timely salary disbursements.
• Tax Management: Manages federal, state, and local tax filings automatically, ensuring compliance with statutory requirements.
• Employee Self-Service: Provides employees with access to their payslips, tax forms, and personal information through a secure portal.
• Benefits Management: Manages employee benefits, including health insurance and retirement plans, integrating seamlessly with payroll.
• Integration with Wave: Seamlessly integrates with Wave’s accounting and invoicing tools, providing a unified financial management experience.

Best For

Small businesses looking for an affordable and easy-to-use payroll solution that integrates with accounting and invoicing tools.

Pros

• Affordable pricing tailored for small businesses.
• Seamless integration with Wave’s accounting and invoicing tools.
• User-friendly employee self-service portal.
• Comprehensive tax management features.

Cons

• Limited advanced HR features compared to larger platforms.
• Available only in the U.S. and Canada, limiting its global reach.

Pricing

Wave Payroll offers transparent pricing starting at $35 per month plus $6 per active employee or contractor. Contact Wave for a detailed quote and plan options.

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Conclusion

Choosing the right payroll software is crucial for ensuring smooth payroll processing, compliance with regulations, and employee satisfaction. The tools listed in this blog represent some of the best options available in the India for 2024, each catering to different business sizes and needs. Whether you’re a small business looking for an affordable solution or a larger enterprise needing a comprehensive HR and payroll platform, there’s a tool on this list that can meet your requirements.

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FAQs

1. What is payroll software?

Payroll software automates the process of paying employees, calculating taxes, and managing benefits. It helps businesses ensure compliance with tax laws, reduce errors, and save time by automating repetitive tasks.

2. Why do I need payroll software for my business?

Payroll software simplifies the process of managing employee payments, tax filings, and benefits. It reduces the risk of errors, ensures compliance with tax laws, and saves time by automating payroll-related tasks.

3. How do I choose the best payroll software for my business?

Consider factors such as the size of your business, the complexity of your payroll needs, integration with other business tools, ease of use, and cost when choosing payroll software. It’s also important to consider the level of customer support provided by the vendor.

4. Can payroll software handle compliance with state and federal tax laws?

Yes, most payroll software solutions include features that automatically calculate and file federal, state, and local taxes, ensuring compliance with tax laws and reducing the risk of penalties.

5. Are there payroll software options for small businesses?

Yes, there are several payroll software options designed specifically for small businesses, offering affordable pricing and features tailored to their needs. Examples include Gusto, OnPay, and Wave Payroll.

6. Can payroll software integrate with other business tools?

Many payroll software solutions offer integrations with accounting software, HR management tools, and time tracking systems, allowing for seamless data flow and reducing the need for manual data entry.

7. What are the costs associated with payroll software?

The cost of payroll software varies depending on the features offered and the size of your business. Some software charges a flat monthly fee plus a per-employee cost, while others offer customized pricing based on your specific needs.

8. Is it difficult to switch payroll software providers?

Switching payroll software providers can be straightforward with the right support. Most vendors offer assistance with data migration and setup to ensure a smooth transition.

9. Can payroll software handle payments to contractors and freelancers?

Yes, many payroll software solutions support payments to contractors and freelancers, making it easy to manage mixed workforces.

10. What are the benefits of using cloud-based payroll software?

Cloud-based payroll software allows you to access your payroll data from anywhere, provides automatic updates to comply with the latest tax laws, and often includes enhanced security features to protect your data.

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