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Best Payroll Software – Payroll Management Systems in India 2024

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Choosing the right payroll software in India is crucial for businesses to ensure efficient salary management and compliance with tax regulations. The demand for the best HR software is on the rise, with payroll software being an integral component. A robust payroll management system streamlines salary processing, tax calculations, and statutory compliance, making it a vital tool for businesses of all sizes. When considering the best payroll software in India, businesses seek solutions that offer comprehensive HR and payroll features, including employee self-service, statutory compliance, and adaptable salary structures. With the evolution of HR payroll software, businesses can now automate salary calculations, tax deductions, and reimbursements, making the entire process seamless and error-free.

 

Why do we need a payroll system?

 

Many businesses rely on a payroll team with software, an on-premises or cloud-based system that helps ensure that payments are properly processed and paid without problems. You keep yourself open to making expensive mistakes if you’re still completing this process by hand and/or on paper. A good payroll software can save you time, stress, and, yes, even money by investing in a software for payroll.

 

What is payroll management software?

 

Payroll software is a solution used by the HRs of the company to manage their entire payroll operations smoothly. The software tracks all the employee payments/ salaries and keeps a record of them. Effective payroll software will allow you to manage time, attendance, tax information, and the employee pay structure.

 

Here is a guide on payroll and how you get started with payroll software.

 

Let’s have a look at the best payroll software in India.

 

Best Payroll software in India

 

Payroll SoftwarePricingWebsite URL
sumHRFree & Paid Optionshttps://www.sumhr.com/payroll-software/
HR PearlsPaid Optionshttp://hrpearls.in/
DarwinBoxPaid Optionshttps://darwinbox.com/
KekaFree Trial and Paid Optionshttps://www.keka.com/
Saral PayPackPaid Optionshttps://saralpaypack.com/payroll-software/
factoHRFree Trial and Paid Optionshttps://factohr.com/
TrickyHRFree Trial and Paid Optionshttps://trickyhr.com/
Enspire HRPaid Optionshttps://www.enspirehr.com/packages/
OfficenetFree Trial and Paid Optionshttps://www.officenet.in/
PocketHRMSFree Trial and Paid Optionshttps://www.pockethrms.com/
Samplex24Paid Optionshttps://www.samplex24.com/
InfotrackPaid Optionshttps://info-track.com/
PionHRPaid Optionshttps://www.pionhr.com/
RazorpayX PayrollPaid Optionshttps://razorpay.com/payroll/
GreytHRFree Trial and Paid Optionshttps://www.greythr.com/
ZohoFree & Paid Optionshttps://www.zoho.com/in/payroll/
PaybooksFree Trial and Paid Optionshttps://paybooks.in/
QandleFree Trial and Paid Optionshttps://www.qandle.com/hr-payroll-software.html
Open MoneyFree Trial and Paid Optionshttps://open.money/payroll
SumopayrollFree & Paid Optionshttps://www.sumopayroll.com/
ZimyoFree Trial and Paid Optionshttps://www.zimyo.com/
KredilyFree & Paid Optionshttps://kredily.com/
BeehivePaid Optionshttps://beehivesoftware.in/
HROneFree Trial and Paid Optionshttps://hrone.cloud/
HRMantraPaid Optionshttps://www.hrmantra.com/

 

 

Top 25 Payroll Softwares in India

 

 

1. sumHR – Free HRMS Software

 

sumHr is the all-in-one HR software that puts everything from recruitment to exit together. sumHR is a modern and incredibly easy-to-use HR management system that helps to streamline HR & payroll processes. sumHR’s research ensures that if you have the attendance, TDS decisions, and variable payments in place, payroll is done in 5 clicks and pay slips in 5 minutes. It will handle the tax calculations, the salary structure complications, and any variety of remuneration.

It is a cloud-based HR software & payroll management system that is tension-free.

 

What does sumHR offer?

 

Payroll Management: sumHR offers robust and reliable payroll processing that automates calculations and simplifies complications for both employers and employees.

 

Salary Processing: The software allows for the processing of salaries, including ad hoc adjustments for extra payments/deductions, tax changes, LOP/arrear edits, and more, without stress .

 

Reimbursement Management: sumHR provides features for managing expense claims, including advance disbursals, setting limits on expense claims, and expense claim settlement authority for multiple office locations .

 

Loans and Advances: sumHR is partnered with Jupiter Money for easy loans at 0% interest for salaried account holders and mini-loans for urgent money needs of your employees.

 

Tax Declaration and Calculation: Employees can declare or submit proof of their tax-saving investments themselves, and the software ensures accurate tax deductions to avoid compliance penalties .

 

Statutory Compliance: sumHR assists in maintaining secure and free communication among people in the organization through employee management and ensures compliance with payroll laws.

 

Employee Self Service: The platform allows employees to send expense claims, declare tax-saving investments, and access other self-service features.

 

Analytics Report: The software is working on modules for insightful reports to provide in-depth analytics.

 

PF Calculation: sumHR enables the calculation of Provident Fund (PF) contributions .

 

Mobile Accessibility: Users can access sumHR on any platform, either mobile or system, for on-the-go HR and payroll management.

 

Deduction Calculation: The software facilitates the calculation of various deductions, including tax deductions and other payroll-related deductions.

 

Security and Data Protection: sumHR ensures security and data protection for all HR and payroll-related information.

 

Complete Payroll Processing: The software offers end-to-end payroll processing, including automated payroll calculations and payslips generation.

 

Configurable Pay Structure: Users can create and manage multiple salary structures based on different salary components for various job roles .

 

Exit Management: sumHR provides features for separation management and full and final settlement of employees.

 

Key Features that the clients like :-

 

✔ Reimbursement of expenses & Payslip management

Indian Compliance Management

✔ Self-service Portal

Availability of mobile app

Salary and History Data

Attendance Management with Biometric and GPS

Flexible Benefits Plan

✔ Leave management

Income Tax Filing (ITR)

360 Feedback

✔ Payroll Outsourcing

✔ Multi-currency support

 

Pricing:- Free & Paid options are available

 

Link to check the features: https://www.sumhr.com/payroll-software/

 

2. HRPearls

 

HRPearls offers Payroll Management System (PMS) which is designed to streamline and improve various payroll functions. This system ensures that salary calculation is carried out in an easy and friendly manner, with a proper display through a flow chart of calculation. It also provides uninterrupted customer service and courteous executives to address any technical, financial, and managerial issues, ensuring rapid solutions. Additionally, HRPearls offers qualified teams that train organizational staff clearly on how their services can be used, enhancing the overall payroll management experience

 

Pricing:- Paid options are available

 

Link to check the features: http://hrpearls.in/

 

3. DarwinBox

 

Darwinbox offers a payroll management system that simplifies enterprise payroll complexities, ensuring accuracy, automation, and 100% compliance. As per them, their system is designed to save time and minimize data errors. Their system is capable of processing inputs flowing seamlessly from employees, HR department, and finance department. Darwinbox offers a rule engine for easy configuration of complex organizational requirements and integrates seamlessly with digital apps in the tax, compliance, and accounting ecosystem. 

 

Pricing:- Paid options are available

 

Link to check the features: https://darwinbox.com/

 

4. Keka

 

Keka is a comprehensive HR and payroll software that offers a wide array of features for HR operations. The platform provides intuitive tools for attendance management, leave and shift scheduling, and expense management, enhancing workforce productivity and efficiency. Keka’s payroll provides robust features for automated payroll processing, tax compliance, and statutory regulations. Moreover, Keka offers integration with other HR modules and third-party applications for various organizational needs.

 

Pricing:- Free Trial and Paid Options

 

Link to check the features: https://www.keka.com/

 

5. Saral PayPack

 

Saral PayPack is designed to simplify and streamline payroll processes for businesses. This platform offers a range of features including salary processing, leave and attendance management, and statutory compliance. Saral PayPack also provides support for income tax calculations, PF/ESI compliance, and TDS calculations, helping organizations adhere to regulatory requirements. Additionally, the software offers reporting and analytics tools to provide insights into payroll data and trends.

 

Pricing:- Paid Options

 

Link to check the features: https://saralpaypack.com/payroll-software/

 

6. factoHR

 

FactoHR offers a wide range of features to streamline and automate HR processes. The platform provides modules for payroll management, attendance and leave management, and expense management, facilitating efficient and accurate handling of employee-related tasks. FactoHR’s payroll software is equipped with features for automated salary processing, tax computation, and statutory compliance, to ensure adherence to legal and regulatory requirements. Additionally, the platform offers employee self-service functionality, empowering employees to manage their profiles, access payslips, and apply for leaves seamlessly. With its user-friendly interface and robust features, FactoHR is designed to optimize HR operations and enhance organizational efficiency.

 

Pricing:- Free Trial and Paid Options

 

Link to check the features: https://factohr.com/

 

7. TrickyHR – Kevit

 

TrickyHR is an innovative payroll management software that simplifies and streamlines the entire payroll process for businesses of all sizes. It has a user-friendly interface and powerful features. TrickyHR ensures accurate and timely payment of employees while also taking care of tax calculations, deductions, and compliance requirements in its system. The software offers customizable pay structures, allowing businesses to tailor their payroll systems to meet their specific needs. TrickyHR also provides comprehensive reporting and analytics, giving businesses valuable insights into their payroll data. With its secure and cloud-based platform, TrickyHR allows businesses to access their payroll information anytime, anywhere.

 

Pricing:- Free Trial and Paid Options

 

Link to check the features: https://trickyhr.com/

 

8. Enspire HR

 

With their advanced payroll software, Enspire HR simplifies the complex task of payroll management for businesses of all sizes. The software boasts a user-friendly interface and powerful features that automate payroll calculations, tax deductions, and compliance requirements. Enspire HR’s payroll software also provides customizable pay structures, allowing businesses to tailor their payroll systems to meet their unique needs. Additionally, the software offers comprehensive reporting and analytics capabilities, providing businesses with valuable insights into their payroll data.

 

Pricing:- Paid Options

 

Link to check the features: https://www.enspirehr.com/

 

9. Officenet

 

Officenet is a leading provider of payroll software solutions that streamline and simplify the payroll process for businesses. With their user-friendly interface and comprehensive features, Officenet offers a seamless payroll management experience. The software automates payroll calculations, tax deductions, and compliance requirements, ensuring accuracy and efficiency. Officenet’s payroll software also includes customizable pay structures, allowing businesses to adapt the system to their specific needs. In addition, the software provides robust reporting and analytics capabilities, offering valuable insights into payroll data.

 

Pricing:- Free Trial and Paid Options

 

Link to check the features: https://www.officenet.in/

 

10. PocketHRMS

 

With its comprehensive set of features, PocketHRMS offers payroll software for companies. The core features of PocketHRMS include payroll management, attendance and leave management, employee self-service portal, employee database management, and tax compliance. The payroll management feature automates salary calculations, tax deductions, and generates accurate payslips. The attendance and leave management feature allows businesses to track employee attendance, manage leaves, and generate accurate reports. The employee self-service portal empowers employees to access their personal information, apply for leaves, and view payslips. The employee database management feature centralizes employee data, making it easy to manage and update employee information. Lastly, the tax compliance feature ensures businesses stay compliant with tax regulations and generates necessary reports ECR, Form 16, etc.

 

Pricing:- Free Trial and Paid Options

 

Link to check the features: https://www.pockethrms.com/

 

11. Samplex24Hrm

 

Samplex24Hrm offers a range of features including employee onboarding, attendance tracking, leave management, performance evaluation, and employee self-service. It also provides tools for managing employee benefits, generating reports, and conducting surveys. Samplex24Hrm ensures data security and privacy with advanced encryption and access control mechanisms. With its mobile app, employees can conveniently access their records, request leave, and view their payslips.

 

Pricing:- Paid Options

 

Link to check the features: https://www.samplex24.com/

 

12. Infotrack

 

With their user-friendly platform, Infotrack enables businesses to streamline and automate their HR processes, from employee onboarding to payroll processing. Their robust system includes features such as time and attendance tracking, leave management, benefits administration, and compliance management. Infotrack’s payroll management functionality ensures accurate and efficient payroll processing, including tax calculations, deductions, and direct deposit. With advanced reporting capabilities, businesses can easily generate payroll reports and analyze data for better decision-making. Additionally, Infotrack’s platform ensures data security and privacy, with strict access controls and encryption measures.

 

Pricing:- Paid Options

 

Link to check the features: https://info-track.com/

 

13. PionHR

 

PionHR also provides end-to-end payroll management solutions. With PionHR’s payroll services, businesses can automate and streamline their payroll processes, ensuring accurate and timely payments to employees. The platform handles all aspects of payroll, including tax calculations, deductions, and direct deposits. PionHR’s payroll services also provide robust reporting capabilities, allowing businesses to generate detailed payroll reports and analyze payroll data. With PionHR’s end-to-end payroll management solutions, businesses can save time, reduce errors, and ensure compliance with payroll regulations.

 

Pricing: Paid Options

 

Link to check the features: https://www.pionhr.com/

 

14. RazorpayX Payroll

 

With its user-friendly interface and advanced features, RazorpayX Payroll offers a seamless experience for managing employee salaries and payments. The platform enables businesses to automate payroll calculations, tax deductions, and generate payslips effortlessly. It also supports multiple payment modes, including direct deposit, UPI, and NEFT, ensuring convenient salary disbursals for employees. RazorpayX Payroll provides robust compliance management, taking care of statutory requirements such as EPF, ESI, and professional tax. The platform also offers real-time access to payroll data, comprehensive reports, and analytics, allowing businesses to gain insights and make informed decisions. With its secure and scalable infrastructure, RazorpayX Payroll ensures data privacy and adapts to the growing needs of businesses

 

Pricing: Paid Options

 

Link to check the features: https://razorpay.com/payroll/

 

15. GreytHR

 

GreytHR payroll software streamlines the entire payroll process, from salary calculations to tax deductions. The software handles various payroll complexities, including handling multiple pay structures, managing reimbursements, and generating accurate payslips. GreytHR payroll software also ensures compliance with statutory requirements such as EPF, ESI, and TDS calculations. The software provides seamless integration with attendance and leave management systems, making it easy to track employee attendance and calculate accurate payroll. With its advanced reporting and analytics capabilities, GreytHR payroll software offers valuable insights into payroll data, enabling businesses to make informed decisions.

 

Pricing: Free Trial and Paid Options

 

Link to check the features: https://www.greythr.com/

 

16. Zoho

 

Zoho is a behemoth company in India. Zoho’s Payroll offers a range of functionalities to meet the diverse needs of organizations. From automated salary calculations and tax deductions to managing employee attendance and generating payslips, Zoho Payroll ensures accuracy and compliance with ease. It also enables seamless integration with other Zoho apps, allowing for efficient data transfer and real-time updates.

 

Pricing: Free & Paid Options

 

Link to check the features: https://www.zoho.com/in/payroll/

 

17. Paybooks

 

Paybooks provides an efficient solution for handling employee salaries, tax calculations, and compliance. The software allows users to easily configure payroll components such as salary structures, leave policies, and statutory requirements. Furthermore, Paybooks seamlessly integrates with attendance management systems, ensuring accurate and automated payroll calculations based on employee attendance data. The software also offers robust reporting and analytics, providing businesses with valuable insights into their payroll expenses and trends. 

 

Pricing: Free & Paid Options

 

Link to check the features: https://paybooks.in/

 

18. Qandle

 

Qandle provides a holistic solution for managing employee data, attendance, leave, and payroll. The software enables seamless integration with various third-party applications, allowing for efficient data synchronization and real-time updates. Qandle’s advanced analytics capabilities provide valuable insights into key HR metrics, empowering businesses to make data-driven decisions and enhance employee engagement. Moreover, Qandle ensures compliance with statutory regulations and offers a secure platform for managing sensitive employee information.

 

Key Features: –

✔ Leave approval through push notifications

✔ Compatibility with a swap card

✔ Automated check-ins

✔ Collaboration tools

✔ Qandle Odometer

✔ Ad hoc analysis

 

Pricing: Free Trial and Paid Options

 

Link to check the features: https://www.qandle.com/hr-payroll-software.html

 

19. Open Money

 

Open Money provides a way to handle employee salaries, tax calculations, and compliance. The software allows for easy customization of payroll components, including salary structures, reimbursements, and deductions, to meet the specific needs of each organization. Open Money also offers automated payroll processing, ensuring accurate and timely payments to employees. Additionally, the platform provides comprehensive reporting and analytics, giving businesses valuable insights into their payroll expenses and trends. With its user-friendly interface and robust security measures, Open Money offers a reliable and secure payroll management solution.

 

Pricing: Free Trial and Paid Options

 

Link to check the features: https://open.money/payroll

 

20. Sumopayroll

 

Sumopayroll is an all-in-one payroll management software that offers a wide range of features to streamline and simplify payroll processes for businesses. With its user-friendly interface and powerful capabilities, Sumopayroll provides a comprehensive solution for managing employee salaries, tax calculations, and compliance. The software allows for easy customization of salary structures, deductions, and reimbursements, catering to the unique needs of different organizations. Sumopayroll also offers automated payroll processing, ensuring accurate and timely payments to employees. Additionally, the software provides robust reporting and analytics, offering valuable insights into payroll expenses and trends. With its seamless integration with attendance management systems, Sumopayroll enables accurate payroll calculations based on employee attendance data.

 

Pricing: Free & Paid Options

 

Link to check the features: https://www.sumopayroll.com/

 

21. Zimyo

 

Zimyo provides an efficient solution for managing employee salaries, tax calculations, and compliance. The software allows for easy customization of salary structures, deductions, and reimbursements, catering to the specific needs of each organization. Zimyo also offers automated payroll processing, ensuring accurate and timely payments to employees. Moreover, the software provides seamless integration with attendance management systems, enabling accurate payroll calculations based on employee attendance data. With its robust reporting and analytics capabilities, Zimyo offers valuable insights into payroll expenses and trends, empowering businesses to make data-driven decisions.

 

Pricing: Free Trial and Paid Options

 

Link to check the features: https://www.zimyo.com/

 

22. Kredily

 

Kredily allows easy customization of salary structures, deductions, and reimbursements, catering to the unique needs of each organization. Kredily also provides automated payroll processing, ensuring accurate and timely payments to employees without errors. Additionally, the software offers robust reporting and analytics capabilities, providing valuable insights into payroll expenses and trends. With its integrated attendance management system, Kredily enables accurate payroll calculations based on employee attendance data.

 

Pricing: Free & Paid Options

 

Link to check the features: https://kredily.com/

 

23. Beehive

 

Beehive software allows for easy customization of salary structures, deductions, and reimbursements, catering to the specific needs of each company. They also offer automated payroll processing, ensuring accurate and timely payments to employees. Additionally, the software provides robust reporting and analytics capabilities, offering valuable insights into payroll expenses and trends. With its integrated leave and attendance management system, Beehive Software enables accurate payroll calculations based on employee attendance and leave data. Moreover, the software ensures compliance with legal and statutory requirements, reducing the risk of penalties and errors.

 

Pricing: Paid Options

 

Link to check the features: https://beehivesoftware.in/

 

24. HROne

 

HROne streamlines payroll tasks, from calculating employee salaries and taxes to generating comprehensive reports. Its ability to handle complex payroll structures, including multiple pay rates, deductions, and reimbursements, makes it a versatile solution for diverse business needs. Moreover, HROne’s compliance with tax regulations and statutory requirements ensures accuracy and adherence to legal standards, mitigating the risk of errors and penalties. Additionally, its seamless integration with time and attendance systems enables smooth and precise tracking of employee work hours, further enhancing the efficiency and accuracy of payroll management.

 

Pricing: Free Trial and Paid Options

 

Link to check the features: https://hrone.cloud/

 

25. HRMantra

 

HRMantra’s payroll software offers a multitude of unique features that set it apart in the realm of HR and payroll management. One of its standout capabilities is the ability to handle even the most complex payroll structures. This tool allows for the creation of unlimited pay heads using powerful formulae and parameters to calculate loan, bonus, salary, and tax calculations, catering to diverse and intricate payroll requirements . Additionally, HRMantra’s payroll software is adept at configuring the most complicated local, domestic, and overseas travel policies based on multiple factors, providing a comprehensive solution for businesses with diverse operational needs.

 

Pricing: Paid Options

 

Link to check the features: https://www.hrmantra.com/

 

How is sumHR better?

 
  • Business owners can benefit from sumHR’s Payroll Management software, offering error-free calculations and a stress-free process, freeing organizations from payroll management hassles.
  • sumHR’s standout feature is its ability to effectively track remote workforce productivity and manage employees working remotely through its attendance and time-off attendance feature.
  • The sumHR team is driven by passion to create a powerful and complete HRM and Payroll Management System, providing all necessary tools in a single software.
  • sumHR’s online payroll software offers flexibility to define unlimited income and deduction components, reducing compliance risk and streamlining the entire payroll cycle.
  • Research ensures that with attendance, TDS decisions, and variable payments in place, payroll can be completed in 5 clicks and payslips generated in 5 minutes.
 

Why is there a need for Payroll Software/ Payroll Management System?

 

Collection and business requirements have a wide range of processes to take care of the essential asset of an enterprise – the employees. It becomes complicated, time-consuming, and often unreliable if performed manually, or with an obsolete system, or through sheets.

Dedicated software helps you streamline its related activities and build space for major business ventures for HRs and small business owners.

 

1. Payroll optimization

 

When you manually process monthly salary or anything similar, it might leave the door open for accidental errors that could prove very expensive.

The software can automate activities that are both complex and simple, allowing us to better tackle payroll and keep the process coordinated, quick, and effective from having payroll ready to close the pay period.

 

2. Monitoring payroll expenses

 

Payroll is often a continuing cost for every company. Our wage expenditure increases as our businesses grow larger. Hence we need complete visibility month by month on one of the largest contributors to our profit & loss statement and reduce the possibility of statutory deductions.

All these reports can be produced by the software directly from employee wage registers to their laws to their incentive payouts, enabling you to track costs down to your last rupee.

 

3. Having taxes that are less-taxing

 

The software will allow us to adapt to changing tax laws, choose regulations that will apply to our company, regulate PF contributions, follow all the statutory compliance norms, etc. Like this, our organization can always remain confident in making precise tax deductions.

 

4. Integration with relevant business apps

 

To get inputs to process payroll every month, human resource management staff coordinate with multiple teams. However, this process is complicated and time-bound, and it will only become even tougher with a growing business.

Secure integration will enable us to access data in one place from multiple teams. Closely integrated with HR and accounting platforms, cloud software will help us bring under one roof three distinct but crucial departments.

 

5. Securing information

 

The software houses sensitive information such as salary, taxes, bank accounts, and more about our employees. With finely-grained access controls, it can improve the integrity of your data.

We can differentiate and eliminate unauthorized access between multiple roles played by each department. Collaborate securely with employees, present the same interface, but let them see only what they need based on their roles.

 

Factors to consider before choosing a payroll software

 

1. A free trial

 

With a fully-featured free trial, software solutions should allow you to test the waters first. Before making a choice, you will want to quickly add a few employees, create some salary structures, set a payment schedule, and run a test pay run effortlessly.

 

2. Simple to make use of

 

The learning curve for the software should be minimal, as HRs are still short of time. A clutter-free UI, contextual feature hints, and a user experience that is intuitive enough to have you running the show on it in no time

 

3. Expandable

 

It should always be long-term when you think of payroll software. Each month or year, you can not continue switching from different vendors. Depending on the amount of data you have, the migration efforts concerned are too steep and exhaustive. You should align the software you choose with your growth strategy, and it should grow with you.

 

4. Accessible

 

Opt for a cloud-based program that allows you to access information from any device, such as a cell phone or tablet from home or while you are travelling with only an internet connection, a web browser, and a suitable laptop.

This offers you the privilege of accessing your personal details at any moment from anywhere. Mobile versions of cloud-based software allow workers to follow your announcements instantly and display their payslips even when they are not in their workplace.

 

5. Simplified onboarding of staff

 

As an HR, you have lots of regular paperwork. Your company’s payroll software should allow you to easily enrol new workers, manage employee onboarding and their related expenses, giving you the full profile details of your employees from one location. This may include basic information, specifics of wage, tax, and payment information.

 

6. Customized salary

 

Our organization’s hierarchy can vary from top executives to interns. Appropriate software for the same will allow you, according to the policy of your company, to configure employee salary and earnings, allowances, salary calculation and deductions, reimbursements, and flexible benefit plans giving you a comprehensive solution.

 

7. Payroll within a single click

 

The app can complete a host of payment processing operations in one click until you are all ready to process accurate payroll. This means that the wage calculation should be automated, taxes should be determined in compliance with the current tax legislation, payslips, wages, and accounting entries should be taken care of by default.

Now that’s a relief, isn’t it?

 

8. Payments for online salaries

 

As an HR of a company, paying salaries on time is a must.

Payroll software that successfully integrates with reputable banks can help all the HRs pass salary to employees, safely and on time. Apart from the usual pay cycles, some software also allows us to give wages in advance to selective workers, which can help us adapt to complex employee circumstances.

 

9. Tax declarations

 

Reporting is a must. It is important for the software to automatically produce reports on all the key statutory for our business to own a spotless tax enforcement record (PF, ESI, LWF, PT). These pre-formatted tax forms will help us easily complete the process of payroll tax filings, saving you plenty of time to arrange the documents. It’s even better if we can share the reports with our auditors.

Here is a detailed guide on Must Have Features of Payroll Software & How you can save money using Payroll Software

 

FAQs

 

1. What is payroll software?

 

Payroll is an integral part of the Human Resources department and needs to be prioritized by an employer. Employee salary needs to be paid on time by avoiding errors. Payroll software is an application utilized by the Human Resource Department (HRs) or payroll teams to maintain the entire life cycle of payroll processes. It needs to be aligned with an organization’s needs, which bring all the loose ends of inputs, validation, processing, and checks on a single platform.

 

2. Why SMEs need to choose the best payroll software in India?

 

Implementing payroll software is highly beneficial for small and medium-sized enterprises (SMEs) in India. It enables automation and simplification of critical HR processes, leading to cost and time savings. Additionally, it ensures accuracy in salary calculations, facilitates easy tax updates, and provides secure storage accessibility. Some benefits of choosing a payroll software: – cost-saving – time-saving – accuracy – tax update – storage accessibility

 

3. How much does payroll software cost?

 

The pricing of payroll software varies among different providers, and detailed pricing information is often not available on their websites. To determine the cost of a specific software solution, it is advisable to directly contact the vendor or their sales team for a personalised price quote based on your organization’s requirements. This allows for a tailored pricing plan that aligns with your budget and payroll needs.
Generally, if you want to know the price of particular software, you will have to contact the team directly for a price. Here is sumHR’s Pricing. They offer a free plan as well.

 

4. What are the benefits of open source payroll software?

 

Open source payroll software offers significant advantages for organizations looking to enhance their payroll management system without straining their budget. It is cost-effective, providing a cost-saving alternative to proprietary software. Open source solutions also offer an added layer of security and can be operated without requiring specialized expertise. With a projected growth rate of 9% CAGR between 2019 and 2025, open source payroll software presents an inexpensive and secure option for organizations seeking payroll management solutions.

 

5. Is payroll software compliant with local tax laws and regulations in India?

 

Yes, reputable payroll software providers like sumHR ensure their solutions are designed to comply with local tax laws and regulations in India. These software solutions often incorporate tax updates and calculations to accurately deduct and manage taxes based on the prevailing laws.

 

6. Can payroll software handle other compensation components beyond basic salary?

 

Yes, payroll software can handle various compensation components beyond basic salary. It can accommodate additional elements such as bonuses, commissions, allowances, and deductions, allowing for comprehensive and accurate calculations of total employee compensation.

 

7. Can payroll software integrate with other HR systems or accounting software?

 

Yes, payroll software can integrate with other HR systems or accounting software. Integration capabilities enable seamless data exchange, eliminating the need for manual data entry and ensuring consistency between different systems. This integration enhances efficiency and reduces the risk of errors.

 

8. How secure is payroll software in terms of protecting sensitive employee information?

 

Payroll software places a high priority on data security. Reputable providers implement robust security measures to protect sensitive employee information, such as encryption, access controls, and regular data backups. Additionally, payroll software adheres to industry best practices to ensure the confidentiality and integrity of employee data.

 

9. Is training and support provided for using payroll software effectively?

 

Yes, most payroll software providers offer training and support to help users effectively utilize their software. This may include user guides, documentation, online tutorials, and customer support channels to address any questions or concerns. Training and support resources assist users in maximizing the benefits of the payroll software and overcoming any challenges they may encounter.

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sumHR is an all-one HRMS Platform to automate all HR Processes. With sumHR, create a tasteful employee experience, track attendance & leaves, setup & manage payroll, definie & monitor goals, generate & schedule reports, and so much more. We’re on a mission to improve the impact of HR teams in SMEs across India.

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Picture of <small style="font-weight:400;font-size:16px;">Written by</small><br>Team sumHR
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Team sumHR

SumHR is a flexible and configurable end-to-end HR Software/HRMS which help HR teams automate the HR Processes, and improve the employee's HR experience.

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    Performance
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    Onboarding
  • Zero Balance Account
  • On -Demand Advance Salary
  • 1% Rewards on DC & UPI
  • 0 Forex Charges
  • Special Offers *

Our HRMS Subscription costs ₹1428/year per employee