Processing payroll is undeniably a tedious and error-prone task for businesses of all sizes. But exceedingly so for small businesses, since they lack the resources, and function with a smaller team. They end up spending countless hours every month manually calculating salaries, compliance deductions, reimbursement, etc.
If you are amongst them and struggle with payroll execution, we recommend using India’s only fully automated payroll software - RazorpayX Payroll.
It automates end to end payroll, right from employee onboarding, compliance payments, return filings, salary disbursements, leave management and much more. This reduces the number of touchpoints between the business, employees, and a chartered accountant, thereby saving more than 30 hours per month!
Read on to know why RazorpayX Payroll is trusted as the best payroll software for SMEs and startups in India.
1. Automated Payroll
RazorpayX Payroll automatically calculates and pays employees & contractors, directly into their bank account. It also takes care of the necessary deductions based on the tax bracket, leaves, etc. You can even add bonuses for employees while processing payroll.
The software also generates UAN numbers for employees, registers them for ESI and handles employee onboarding and exit process effortlessly.
2. Compliance Processing
RazorpayX Payroll automates compliance payments like TDS, PF, PT, and ESI, along with their periodic return filings. The software also calculates TDS based on the tax declarations submitted and on the tax regime opted by the employees.
3. Leave & Time Management
RazorpayX Payroll eliminates the need to manage employee leave requests manually. It provides real-time attendance tracking along with leave management through web and biometric devices.
4. Employee Reimbursements
Businesses can streamline the employee reimbursement processes, right from adding expenses to calculating and settling them with RazorpayX Payroll.
Employees can easily apply for reimbursement and submit bills on the RazorpayX Payroll dashboard. Once managers view and approve the payments, the amount is automatically transferred to the employee’s bank account.
5. Salary Insights & Reports
Business owners, HR and finance teams can access accurate insights with reports in one place, on the RazorpayX Payroll dashboard. The reports include salary and HR registers, PF/PT/ESI challans, employee documents and much more.
6. Group Health Insurance
RazorpayX Payroll offers health insurance tailor-made for small businesses & startups.
- Automated insurance management, even with an employee count of just 2
- Pre-existing ailments, maternity and newborn babies coverage from day 1
- Tie up with 6500+ health care institutions in India providing cashless claims.
- All time support for employee queries and claims through phone, email and SMS.
7. Employee Self-Serve
Your employees can access their payslips & Form 16, declare investments seamlessly by logging in RazorpayX Payroll dashboard.
Process your monthly payroll in just 10 minutes with RazorpayX Payroll
You can trust RazorpayX Payroll to automate your entire payroll process effortlessly and bid payroll troubles, goodbye.
Signup to experience the pro plan free for the first month.