List of Top 16 Payroll Outsourcing Companies in India

Payroll is a critical part of any enterprise, so it’s crucial to get it right. Companies with a wrong or inefficient payroll software can also face legal problems, fines, and worker dissatisfaction, which could affect productiveness extensively. Although running payroll outsourcing companies in India may be complicated, many agencies run their payroll in-house; however, it is expensive.

What is Payroll Outsourcing?

Payroll outsourcing is when an enterprise uses a third-party payroll outsourcing companies to handle payroll and compliance-associated activities. This includes:

1. Generation of specific payroll inputs like loss-of-pay deductions, extra time, arrears, and bonus calculations

2. Processing payroll inputs to calculate the net earnings payable and deductions like Salary TDS, Provident Fund, ESIC, and Professional Tax

3. Filing of TDS and Compliance Returns

4. Generation of Reports and Payslips, which might be available to personnel on self-carrier portals

5. Audit and Advice associated with tax and compliance matters

According to Forbes AdvisorToday, greater than 70% of the five hundred largest companies outsource their payroll, and it is no wonder that a developing proportion of small and mid-sized agencies are also following this trend.

Top sixteen Payroll Outsourcing Companies in India

Spine Payroll

Spine Payroll Software is an accurate, flexible and consumer-friendly worker payroll control answer. It takes care of a couple of earnings-related necessities inside an organization and synchronizes attendance-related information with month-to-month worker payroll efficiently. Moreover, agencies can select their standards and streamline their personnel’s payroll organizationally.

Spine Payroll Software has its presence on a pan-India foundation and a global presence in GCC international locations. Thus, customers can control several commercial enterprise branches through a centralized platform. Further, company admins can view all worker-related information inside a single page and calculate the CAGR of personnel and CTC.

Feature of Spine Payroll

The greytHR Platform offers productiveness gear for better people control, more straightforward HR techniques, and professional transport of HR services. 20,000+ companies, two million+ employees, and to be had in 250+ cities across India and 20+ countries – UAE, Saudi Arabia, Kuwait, Qatar, and many others- depend on greytHR. Best for big, medium & small business HR and payroll software programs.

Feature of GreyHR

The Zoho Payroll is the Most used online HR and payroll Solution to manipulate payroll answers like worker onboarding, payroll Management and calculation, employee self-carrier portal and statutory compliance. Zoho has an automated Payroll calculation feature.

Feature of Zoho Payroll

Wallet HR

Best payroll software program for corporate homes. Wallet HR is a complete HRM software answer primarily focusing on delivering corporate payroll solutions. Customizable and clean venture waft management enhances operational efficiency through an Employee dashboard and AI-driven analytics. Wallet HR is available as an on-cloud and on-premises solution.

Feature of wallet HR

247HRM

All Your HR & Payroll Processes on One Platform. 247HRM suite simplifies all your HR control needs, from payroll and taxes to performance value determinations and time tracking. It is an all-in-one answer that centralizes and streamlines all HR-related features – hiring, recruiting, onboarding, payroll, performance evaluation, and taxes.

Feature of 247HRM

Alp Consulting

Alp Consulting Ltd is the main payroll outsourcing companies program in India. Designed advanced and shrewd functions exceptionally as they should be to manage and complete oversee procedures.

Feature of ALP Consulting

Paybooks

All-in-One HR & payroll outsourcing companiesx for India. Manage payroll & compliance in minutes and pleasure your personnel with a self-service app—a consumer-pleasant interface for smooth adoption. Paybooks simplifies and automates all HR workflows with proper compliance with laws and guidelines.

Feature of Paybooks

Quikchex

Quikchex is a payroll built for the present-day Indian SME. Through our beautiful, simple cloud interface, Business Owners, HR Managers, or Accountants can run payroll in minutes. Moreover, our floor help team guarantees last-mile compliance by submitting and paying all PF, ESIC, PT and TDS-related liabilities.

Feature of Quikchex

OpportuneHR

Great Results with Deep Automation. Opportune HRMS Software is a cloud-primarily based enterprise and payroll software program with automation software. It affords HR and payroll answers for small, medium & large businesses from all industries.

Feature of OpportuneHR

Saral PayPack

Saral PayPack, by way of Relyon Softech Ltd, is a Payroll processing software that has attendance management, statutory compliance and tax control competencies. With over 1.5 million payslips generated every month, we’re depended on through our clients for payroll processing.

Feature of Saral payback

Timelabs

Timelabs is the pro-area HRMS solution with complete gadget modules and superior functions supporting organizations to control, music, check, and empower human beings to carry out with the give-up-to-quit HR management gadget.

Feature of Timelabs

Smart H2R

Smart H2R, A progressive HRMS and Payroll product, is employee and domain-centric and customizable and looks after the whole spectrum of HR sports, starting from Employee Hire to Retirement/renounce. Available on cloud and on-premises with built-in analytics, we have more than 150+ extremely joyful clients.

The corporation is provided as one of the 30 Best Tech Companies using Silicon Review 2017. Founders from the associated domain have ensured that the product and aid machine are impeccable.

Feature of Smart H2R

Keka

An Award-prevailing HR payroll system. Keka is one of the most sought-after and straightforward human resource management and payroll solutions. This can simplify your HR duties—automating the workflow in quicker and correct effects with wise selection making. Its applicant tracking system allows the HR supervisors to rent excellent skills.

Feature of Keka

PayCare

A modern HR Payroll Management system that guarantees to take the ache out of the HR Department. PayCare is part of Intelliob Accord’s enterprise resource planning (ERP) framework family.

Feature of Paycare

Candle

With correct on-time payroll & automated statutory compliances, Qandle is the Smart HR management device for the present-day administrative centre. Rated amongst the 20 most satisfactory HR software solutions globally, this solution can control unique payroll, regulatory compliances, and employee advantages in seconds.

A person-friendly interface with a vast range of features enhances its operational efficiency. Fast, intuitive, error-free, absolutely compliant payroll processing and more than 22 modules cover everything you could want.

Feature of Qandle

HROne

Complete HR Software with a Simple and Effective Payroll Solution. An entire cease-to-quit payroll answer for small and medium-sized businesses. It has over 12 modules covering every enterprise or organizational shape issue. Modules include attendance, leaves, recruitment, onboarding, payroll, fees, timesheets, schooling, reviews, and much more.

Feature of HRone

Conclusion

There are many payroll outsourcing companies in India today that offer numerous varieties of packages to their customers. However, before finalizing a dealer, you want to test whether your seller can satisfy all your requirements and integrate with your modern payroll software program and HRMS.

If you are searching for satisfactory payroll or HR software, we recommend you check out our article on the best payroll software for SMEs in India and the best HRMS software for SMEs in India.