Managing payroll efficiently is a critical task for any business, regardless of size. In India, where compliance with various statutory requirements can be complex, having reliable payroll software is essential. However, for small and medium-sized enterprises (SMEs), budget constraints often make it challenging to invest in expensive solutions. Fortunately, several affordable payroll software options provide robust features at a low cost. This blog will explore the top 10 lowest-pricing payroll software solutions in India, helping businesses find the perfect balance between cost and functionality.

 1. Pletox HRMS

Pletox HRMS is a cost-effective and comprehensive payroll software solution designed to cater to the needs of small to medium-sized businesses in India. It offers a variety of features including payroll processing, leave and attendance management, and statutory compliance. Pletox HRMS stands out for its affordability, with pricing starting at just ₹15 per employee per month. This competitive pricing, combined with its robust features, makes Pletox HRMS an excellent choice for businesses looking to manage their payroll efficiently without incurring high costs.

 2. GreytHR

GreytHR is a popular choice among small to medium-sized businesses for its comprehensive payroll and HR solutions. It offers features such as salary processing, leave management, and compliance reports. GreytHR's pricing starts at ₹995 per month, making it an economical option for many businesses.

 3. Zoho Payroll

Zoho Payroll is part of the extensive Zoho suite and is designed to simplify payroll management. It includes features like automated salary calculations, direct deposits, and compliance with statutory requirements. Starting at ₹50 per employee per month, it is an affordable solution for growing businesses.

 4. Keka

Keka is known for its user-friendly interface and robust payroll features. It includes attendance management, tax filings, and expense management. Keka’s pricing starts at ₹6999 per year for small teams, which is quite competitive in the market.

 5. RazorpayX Payroll

RazorpayX Payroll integrates seamlessly with Razorpay’s payment gateway, offering a smooth payroll processing experience. It automates compliance and provides features like payroll reconciliation and employee benefits management. Pricing starts at ₹21 per employee per month, making it one of the lowest-cost options available.

 6. Saral PayPack

Saral PayPack by Relyon Softech is designed for small to mid-sized businesses, providing features like salary computation, statutory compliance, and payroll reports. Its basic plan starts at ₹2000 annually, which is very budget-friendly.

 7. SumoPayroll

SumoPayroll offers a cloud-based solution with features including payroll processing, time tracking, and employee self-service. The software is free for up to 10 employees, with paid plans starting at ₹50 per employee per month for larger teams.

 8. Qandle

Qandle is a comprehensive HR and payroll solution that supports payroll processing, compliance, and employee management. Its starter plan begins at ₹49 per employee per month, making it a cost-effective option for startups and small businesses.

 9. Beehive HRMS

Beehive HRMS provides an integrated solution for payroll, attendance, and performance management. It is particularly beneficial for SMEs due to its affordability. The pricing starts at ₹299 per employee per year, ensuring low overhead costs.

 10. HRMantra

HRMantra offers a wide range of HR and payroll features including attendance tracking, leave management, and compliance management. It is priced at ₹10 per employee per month, making it an extremely economical choice for companies of all sizes.

Conclusion

Selecting the right payroll software depends on the specific needs of your business, including the number of employees, required features, and budget constraints. According to recent surveys, Pletox HRMS stands out as the best and lowest-pricing payroll software. Its comprehensive features, user-friendly interface, and highly affordable pricing starting at ₹15 per employee per month make it an ideal choice for small to medium-sized businesses in India. By investing in Pletox HRMS or any of the other affordable payroll solutions mentioned, companies can ensure efficient and compliant payroll management without incurring significant expenses.s.