9 Best Payroll Software Solutions for Indian Businesses

Businesses and industries widely use payroll software to calculate and manage employee paychecks on a monthly basis.

And software for payroll is a computer program that seamlessly manages businesses’ payroll departments to process employees’ payroll on time.

Payroll includes tracking employee hours, salaries, and other benefits and provides financial reporting for businesses.

It can automate many of the tasks associated with paying employees, such as tracking hours worked, calculating wages, and issuing paychecks.

The software typically calculates employees’ gross pay, deductions, and net pay.

It also prints payroll checks and maintains records of employee wages and hours worked.

Payroll systems can be used to process paper or electronic payroll checks.

Therefore software for payroll becomes an important part of all businesses that manage either a small or large group of employees.

Many payroll programs also offer features that allow employers to manage withholdings and deductions, create payslips, and file taxes.

Defining Payroll Software

Payroll is a complicated process that can be overwhelming to many people as it involves numerous forms, calculations, and processes.

However, it often runs individually in factories and companies for processing payments of on-roll employees.

Therefore we define it as an efficient software module and a computer program that calculates wages and salaries and supports payments on time.

Payroll runs at the end of every month to track and maintains all payments, loans, and advances.

The software usually monitors vital information of each employee such as time and attendance, tax information, and payment structure.

Therefore it is a highly demanding application in organizations where companies rely on software for payroll both large and small.

For a large number of employees, payroll software definitely saves time and enhances the operations of a business.

It also brings efficiency for timely payment processing and distribution and manages the entire lifecycle of payroll operations.

Types of Software for Payroll

There are many different types of payroll software on the market.

Some are designed for very small businesses, while others are more suited for larger companies.

The most common types of payroll solutions are:

• Time and attendance software – This type of software is used to track employee hours and attendance. It can be used to create reports, track vacation and sick time, and more.
• Payroll processing software – This type of software is used to manage employee paychecks. It can calculate wages, deductions, and taxes, as well as print paychecks and other payroll documents.
• HRMS software – This type of software helps companies manage their employee files, hiring processes, and onboarding procedures. It can also help with benefits administration and tracking employee training records.
• Employee scheduling software – This type of software helps managers create shift schedules for their employees. It can also help with tracking employee availability and overtime hours.

Desktop Versus Cloud Based Payroll Software

On-premises or desktop payroll software is configured on the server and does not require a client.

It has all of the benefits of a client-based solution without any drawbacks.

Software is installed on your own computer, so you don’t have to worry about compatibility issues or licensing costs.

Payroll consultants are available to help with the setup and maintenance of desktop payroll systems

On the other hand, cloud-based payroll systems are a type of cloud computing software as a service.

Cloud-based payroll software can be used to run the entire payroll process, from creating the employee’s time and attendance record to processing their paychecks.

This type of software can be accessed anywhere there is an Internet connection, and it can also be accessed on any mobile device that has Internet capability.

Payroll services offered by cloud-based payroll typically include employee self-service features such as account balance checks, salary settings, and automatic deductions.

The benefits of this type of payroll system are that you no longer need a dedicated payroll clerk or office space in order to manage your company’s employees’ paychecks.

You also don’t have to install new hardware into your offices since most cloud-based systems are installed onto computers already owned by your business.

The 9 Best Payroll Processing Software for Indian Businesses 2023

One way to save money on payroll is to use a payroll software program.

The software is a reliable way of handling your employees’ time cards, payroll taxes, and other accounting tasks that you need to complete.

There is no doubt that the field of payroll software has seen rapid growth in recent years.

This is due to the increasing use of this technology in both small and large businesses, as well as the benefits it offers such as

• Tracking employee time and attendance.
• Allocate pay according to different classifications within an organization, such as salaried or hourly workers.
• Track gross wages by job category which helps determine how much is owed for taxes or retirement plans.
• Eliminate errors by keeping track of all the employees’ pay records, maintaining accurate timesheets, and controlling costs by eliminating duplicate entries on payroll reports.

In India, there are many different types of businesses.

Some companies need specialized software for payroll to manage their payroll, while others can use general-purpose software.

This article provides information on the top payroll software programs for Indian businesses so you can find the best one.

After reviewing many different Payroll systems over the years our top picks are:

1. Zoho Payroll Software: Best for Small Business & Enterprises

Zoho Payroll is by far my favorite online payroll system.

It has been around for quite some time now and still remains one of the most reliable online payroll systems out there.

You can do all your tax calculations on this tool and include deductions if you wish.

Zoho payroll is a cloud-based solution that automates the entire payroll process.

It streamlines payroll management by integrating with other Zoho applications such as HR, time tracking, and accounting.

Employees can access their payslips and other payroll information online anytime, anywhere.

The payroll software also supports multiple currencies and tax jurisdictions, making it suitable for businesses in any location.

Zoho payroll is flexible and can be customized to meet the specific needs of your business.

If you are looking for affordable and easy-to-use software for payroll, Zoho Payroll is a great option.

It offers a variety of other features, such as online pay stubs, tax filing, and employee self-service.

Zoho payroll also integrates with other Zoho applications, such as CRM and accounting, making it easy for businesses to manage all their operations in one place.

The software is easy to use and can be accessed from any device with an internet connection.

It also offers 24/7 customer support.

2. Razorpay: Payroll Software for Small Organizations

When it comes to software for payroll, Razorpay is a name that is often mentioned.

What exactly is Razorpay payroll software and why is it so popular?

To put it simply, Razorpay is a cloud-based solution that helps businesses manage their payroll processes.

It automates everything from salary calculations to employee tax filings. This makes the process much simpler and more efficient for businesses of all sizes.

One of the main reasons why Razorpay is so popular is because it’s extremely user-friendly.

Even those who aren’t familiar with software for payroll can easily learn how to use Razorpay.

In addition, the company offers excellent customer support in case you need help with anything.

Overall, Razorpay is an excellent choice for businesses that are looking for a reliable and easy-to-use payroll solution.

3. Pocket HRMS: SmHRt Payroll Software for Enterprises

Pocket HRMS is a comprehensive AI-based cloud HRMS which enables the HR department to streamline their tasks and actively improve their engagement rate.

With innovative solutions such as an interactive AI chatbot – smHRty, and a virtually-instant search algorithm – smHRt searcHR, the software utilizes the potential of AI to provide the HR and the employees with an enhanced user experience.

Pocket HRMS is also a pioneer in exploring the ability of machine learning in processing payroll with the help of the ‘smHRt Payroll’ system.

Being a cloud-based system, it remains updated with the latest amendments in the statutory laws.

Thanks to the robust infrastructure based on Microsoft Azure, it provides added data security and integrity features.

It also integrates advanced biometrics in the attendance module, which can be used with existing biometric readers to utilize the employees’ smartphone cameras to capture their attendance via facial recognition.

It also captures their location metadata to ensure accurate foolproof attendance.

Pocket HRMS also provides an interactive ESS Portal and a dedicated mobile app to enable employees to view their employment-related data anywhere at any time.

Combined with custom interactive report generation and in-depth analytics, Pocket HRMS is the ideal innovation to enhance employee engagement and streamline HR processes.

4. Keka Payroll

Keka is one of the most popular payroll software programs on the market.

It is easy to use, efficient and can be customized to meet the needs of your company.

Keka is perfect for businesses with a small staff or those who need to keep track of multiple pay schedules.

There are many features in software for payroll when it comes to Keka.

One feature is that it can be customized to meet the needs of a business.

This means that the software can be tailored to include the specific calculations and reports that a business needs.

Additionally, the software can be configured to work with the company’s timekeeping and human resources systems.

Another feature of Keka payroll software is that it is easy to use.

The interface is intuitive and easy to navigate, so employees will be able to quickly learn how to use it.

Additionally, the software is updated regularly with new features and enhancements, so users always have access to the latest technology.

Finally, the Keka payroll system is reliable and secure.

The software has been tested and proven to be accurate and reliable, and it is backed by expert support from the Keka team.

5. HRone: Payroll Software for Growing Businesses

When it comes to payroll software, there are a few different options to choose from.

One of those options is HRone software for hr and payroll.

What is HRone? Simply put, it is a tool that helps you manage your payroll processes.

It streamlines the entire process, making it faster and easier for you to get the job done.

With HRone, you can easily create paychecks, track hours worked, and file taxes. Plus, the software is customizable to fit the needs of your specific business.

If you’re looking for a reliable and efficient way to manage your payroll processes, then HRone payroll software is the solution for you.

This software is designed to make your life easier by managing all of your payroll tasks for you.

It can calculate wages, deductions, and taxes, and it can also generate reports that are required by the government.

Additionally, HRone is customizable to meet the specific needs of your business.

6. Kredily

Kredily is payroll software that helps businesses manage their employee payroll.

It automates the payroll process and makes it easy for businesses to pay their employees accurately and on time.

With this payroll system, businesses can track hours worked, deductions, and pay rates.

Kredily also allows businesses to create custom reports on employee wages and taxes.

This is also a cloud-based software for payroll that offers features such as automatic tax calculations, direct deposit, and pay stubs.

It also offers a variety of customizable reports, which can help businesses keep track of their expenses and employee performance.

Additionally, Kredily’s customer support team is available 24/7 to help users with any questions or issues they may have.

7. Paybooks Payroll System

Paybooks is a web-based software that allows you to manage your payroll from anywhere with an internet connection.

It’s also easy to use, so even those who are not familiar with payroll software can easily learn how to use it.

Paybooks also offer a variety of features, including online payments, employee self-service, and time tracking.

Additionally, paybooks payroll is affordable and can be customized to meet the business needs of industries, organizations, and agencies.

When it comes to software for payroll, there are a lot of different options to choose from.

But if you’re looking for a comprehensive solution that can handle all of your payroll needs, Paybooks is hard to beat.

Paybooks is easy to use, even if you’re not familiar with payroll software. The intuitive interface makes it simple to enter employee information and process paychecks.

The software takes care of all the complex tax calculations for you, so you can be sure your employees are being paid accurately.

Paybooks include a number of time-saving features, such as automatic paycheck printing and online pay stubs. This means less work for you and your staff!

8. SumHR

SumHR is a comprehensive payroll software that automates all the complex processes of payroll management.

It also provides integration with accounting software such as QuickBooks and Xero

SumHR automates all the complex processes of payroll management, including the calculation of wages, deductions, and taxes.

And generates payslips and employee tax forms such as T4s and T5s.

Moreover, it supports multiple pay frequencies (weekly, bi-weekly, monthly, etc.)

SumHR provides detailed reports on all aspects of payroll management, including wages, deductions, taxes, and more.

This helps businesses keep track of their expenses and compliance with government regulations and the ability to create custom reports on employee hours, wages, and deductions.

This software is designed to help businesses manage their payroll processes and employee files.

The software is easy to use and can be customized to fit your specific needs.

It also includes features like time and attendance tracking, benefits management, and tax filing.

It is easy to use and has many features that make it the perfect solution for businesses of all sizes.

9. SumoPayroll Software

Sumopayroll is a cloud-based payroll software that automates the payroll process by integrating it with your accounting software.

With Sumopayroll, you can calculate and track employee hours, paychecks, and taxes.

Additionally, Sumopayroll offers features such as online onboarding and tax filing.

Sumopayroll is payroll software that enables businesses to handle their payroll functions quickly and easily.

It automates the process of calculating employee hours and wages, printing paychecks, and filing tax forms.

Sumopayroll also offers a host of features that make it an ideal solution for businesses of all sizes.

For starters, Sumopayroll is extremely user-friendly.

The software is easy to set up and navigate, so even those with little or no experience in payroll can use it without difficulty.

Sumopayroll offers comprehensive tutorials and support materials to help users get the most out of the software.

Another key benefit of Sumopayroll is its flexibility.

The software can be customized to meet the specific needs of each business, making it an ideal solution for small businesses as well as large corporations.

How to choose the best software for payroll?

Payroll software is a must-have solution for small and medium businesses, but more importantly a priority for enterprises.

When there are hundreds of employees it is difficult to do the work manually.

This is where the payroll system and the software come in but it can be hard to choose the best.

There are so many different options out there, and you may have no idea what’s the difference between them.

So what makes good software for payroll?

• Is it something that can accurately calculate taxes?
• Can it make payroll very easy for employees?
• Should you go with one that is not only reliable but also user-friendly as well?
• How about software that is affordable?

These are all important questions when choosing your Payroll software.

Let us help you! Here are some of the factors we take into consideration when we review Payroll systems and software:

a) Reliability:

We need to know if this tool will work in case of an emergency or even if they don’t have enough funds to pay their employees on time.

If they do not have enough money in their account, then how will they pay the taxes owed by their business partners or customers?

This needs In addition to that, the company needs to have a good reputation and excellent customer service.

That’s why we always look at these factors when reviewing Payroll systems.

b) User-Friendly:

If a company is going to pay its employees in cash, then it needs a system that will do it quickly and accurately.

The most common way of paying your employees is through direct deposit into their bank account.

This means there should be no errors or delays when depositing money into their accounts.

Also, making sure that all information about the employee’s salary and hours worked are accurate is important as well!

c) Affordability:

We understand how hard it can be for small businesses to find affordable software for hr and payroll.

We believe you should not compromise In addition to that, we also look at the pricing when reviewing Payroll software.

If a company is charging too much for its payroll services, then it’s not worth using.

Conclusion:

Many companies are forced to use their own software or hire an outside vendor for payroll services.

However small businesses prefer in-house payroll systems for payroll processing.

The most common form of payroll software is the time-clock system.

This system allows employees to clock in and out for shifts, and it can be used for hourly workers as well as salaried employees.

Payroll is the process of paying employees for their work done for a certain period of time.

And software for hr and payroll provides various features to help an employer maintain accurate records, manage employee payrolls and automate various administrative tasks associated with payroll.

It also offers a variety of other functions such as payroll tax calculation, check printing, and employee benefits.

Additionally, the program manages the company’s employee payroll, including state taxes, federal taxes and deductions, insurance benefits, and more.