10 Top RazorPayX Payroll Alternatives and Competitors in India in 2024
July 19th 2024
Razorpay is a trusted name for all things payment integration. In 2022, Razorpay expanded its payroll operations in the name of RazorpayX Payroll.
RazorpayX payroll established automated end-to-end payroll operations for startups, and there is no doubt about its accuracy and effectiveness. However, it fails to create an integrated experience where advanced HR, payroll, leave, and attendance management solutions are all available with a single click. This means lots of back-and-forth communication and super-complicated workflows.
These have led startup founders, HR, and Finance teams to look for the top RazorpayX Payroll alternatives. This blog post lists our top picks from RazorpayX Payroll competitors. Our key focus is on selecting integrated payroll solutions with affordable pricing plans.
Let’s get going!
Table of Contents
10 Top RazorPayX Payroll Alternatives and Competitors for Small Businesses in India
GreytHR – Good software for businesses with basic payroll automation needs
Kredily – Good RazorpayX Payroll alternative for payroll customisation
Keka – Good for enterprises with customisation needs and high budgets
BambooHR – Good solution for businesses with complex HR management needs
ZingHR – Comprehensive payroll solution for enterprises with large teams
Overview of RazorpayX Payroll
RazorpayX Payroll handles the payrolls and compliance of 10,000+ companies in India. It automates payouts, tax filings and payments, and compliance from a single dashboard.
RazorpayX Payroll offers three core products:
HR software: Manage employee onboarding and exit with CTC calculators and self-serve dashboards
Compliant payroll software: Automate tax filing and payments for PF. PT, TDS, & ESIC, access challans
Basic Time & Attendance Management: Track employee attendance and stay updated on regulatory changes
Why Are RazorPayX Payroll Users Looking for an Alternative?
We took to G2 and SoftwareSuggest to review user feedback on RazorPayX Payroll. Here are a few issues reported by the users:
Buggy attendance system, with no feature to capture locations
Complicated workflows and unresponsive customer support
10 Top RazorPayX Payroll Alternatives and Competitors for Small Businesses in India
Here’s a quick sneak peek into the best GreytHR alternatives before we dive deeper into each:
RazorpayX Payroll alternatives
Craze
GreytHR
Kredily
Zoho Payroll
Keka
HROne
BambooHR
Darwinbox
ZingHR
FactoHR
Ideal for
Best for Indian startups and growing businesses looking for integrated HR and payroll software
SMBs looking for basic payroll automation features
Medium and large enterprises with custom payroll needs
SMEs looking for an automatic and centralised payroll solution
Enterprises with no budget constraints and advanced payroll customisation needs
SMEs looking for end-to-end payroll management systems
Businesses with advanced HR management needs
Enterprises looking for global payroll management systems
Enterprises with large teams looking for advanced payroll features
Businesses looking for an intuitive, wizard-driven payroll software
Craze: Best for Indian startups and growing businesses looking for integrated HR and payroll software
Craze tops our list of the best RazorpayX Payroll Alternatives for SMEs and startups. Craze has become a hot favourite among Indian startups like Aeroleap Findr, Needibay and many more within a short span. What clicks about Craze are its error-free payroll processing, out-of-the-box compliance management, on-time payroll, and super-fast customer support.
Craze’s payroll features simplify salary revisions when onboarding new employees. Craze goes beyond an automated payroll software. Craze’s all-in-one admin dashboard auto-syncs leave and attendance in real-time to calculate bonuses, reimbursements, and tax deductions. This means processing accurate payroll within the right time without any spreadsheets or back-and-forth calculations.
Key features
Payroll software with self-serve dashboards to manage leaves and reimbursements, preview future pay slips, and track declarations and Form 16
Payroll reports to monitor costs with salary registers and detailed breakdown of EPF, ESIC, and TDS tax liabilities
Create custom salary structures and use a Flexible Benefit Plan to reduce tax expenses and provide tax-free allowances
Automate payroll calculations and process payments in a single click into employee bank accounts
Generate EPF, TDS, and ESIC reports in no time
Pricing
Core (Mandatory): ₹40/month/person for all team sizes and access to advanced core HR features
Payroll: ₹60/month/person for all team sizes and access to advanced payroll features
Leave management: ₹40/month/person for all team sizes and access to advanced leave management features
Attendance management: ₹40/month/person for all team sizes and access to advanced attendance management features
Choose custom plans for each software to get pricing tailored to your specific use cases.
GreytHR: Good software for businesses with basic payroll automation needs
GreytHR is a HR payroll platform that automates manual payroll processes. It handles statutory compliance, timely salary disbursements, and full & final settlements.
Key features
Customisable salary structures
Employee self-service portal
Automated PF calculations and ECR (Electronic Challan cum Return) generation
Pricing
Starter: ₹0/month for 25 employees
Essential: ₹3495/month for 50 employees and ₹30/month/employee for extra employees
Growth: ₹5495/month for 50 employees and ₹60/month for each extra employee. Add-on pricing for business expense claims management
Enterprise: ₹7495/month for 50 employees and ₹100/month/employee for extra employees
The starter plan supports 25 employees and offers basic payroll processing features.
Kredily: Good RazorpayX Payroll alternative for payroll customisation
Kredily simplifies payroll management by automating overtime, tax calculations, and benefits administration. The solution ensures compliance with labour laws and tax regulations.
Key features
Get a unified view of validated all employee tax declarations with supporting evidence
Create personalised salary structure by adding base salary, variables, and ad hoc components
Generate payslips online for salary disbursement
Pricing
Free forever: ₹0 /Month
Professional: ₹1499/Month for up to 25 employees and ₹60/extra employee
Enterprise: Custom pricing
The free plan has no essential features like overtime and income tax calculation. The professional plan includes income tax computation, FnF settlement, etc., as add-ons.
Read more about Kredily in this detailed review.
Zoho Payroll: Integrated payroll ecosystem for SMEs
Zoho Payroll is an integrated payroll system that automates payouts and tax management. You can create different employee pay slabs to ensure accurate and on-time salaries.
Key features
Generate password-protected payslips and share them as PDFs
Get notified about upcoming tax submission dates and other payroll operations
Employee self-service portal to ensure transparency between employees and payroll staff
Pricing
Free: ₹0 up to 10 employees
Standard: ₹50/ employee/ month for at least 25 employees
Professional: ₹75/employee/month for at least 50 employees
The free and standard plans don't support pay runs and salary revision approvals.
Keka: Good for enterprises with customisation needs and high budgets
Keka is a customisable enterprise payroll management system. It streamlines payroll processes with rule-based salary components and automation of routine tasks.
Key features
Preview payroll period, compare and identify changes at micro-level before release
Share employee payslips via email, mobile app, or SMS, or print them in bulk
Auto-tracking of arrears and exiting employees for payment settlements
Pricing
Foundation: ₹9,999/month for up to 100 employees and ₹90/month for each extra employee
Strength: ₹12,999/month for up to 100 employees and ₹120/month for each extra employee
Growth: ₹15,999/month for up to 100 employees and ₹150/month for each extra employee
The foundation and strength plans have no workflow automation or custom reports builder.
HROne: Good software for end-to-end payroll management
HROne is enterprise payroll software automating CTC calculation, salary processing, and taxes. It integrates with financial software, such as SAP R3 to streamline payroll.
Key features
3D reports with detailed analysis and comparative view of employee salaries and monthly trends
Auto-deduct PF, ESI and generate challans in government-prescribed formats for compliance
Automated EMI deductions for loan approval
Pricing
Basic: ₹85 /user/month
Professional: ₹115 /user/month
Enterprise: Custom pricing
The basic and professional plans do not offer expense management and helpdesk.
BambooHR: Good solution for businesses with complex HR management needs
BambooHR handles payroll and benefits management, automating payroll runs and reporting. It creates multi-rate payrolls to track employee hours and rates for error-free payments.
Key features
Automated tax filings for US-based employees
Employee self-service portal to access and edit information
Standard payroll and benefits reports to track changes to salaries or employee enrollments
Pricing
Undisclosed
Darwinbox – Mobile-first HRMS and payroll software
Darwinbox is an HRMS platform that manages payroll across countries and worker groups. It automates payroll tasks like reconciliation and verification.
Key features
Automated payroll inputs and calculations
Investment and ESOP management options with trusted partners
Country-specific guidance through regulatory changes
Pricing
Undisclosed
ZingHR – Comprehensive payroll solution for enterprises with large teams
ZingHR’s Zero Touch Payroll solution automates payroll processing across countries. It ensures compliance with employee policies and safety regulations globally.
Key features
Payroll snapshots, including details like payday, month, existing and new employees, etc.
MIS output tool to access salary registers and PF reports for verification
Auto-arrear calculation
Pricing
Undisclosed
FactoHR – Wizard-driven payroll software
FactoHR is an integrated payroll software that streamlines payroll processes. It supports formula-based calculation and process customisations, ensuring flexibility for scaling businesses.
Key features
Mobile app and employee self-service portal to view compensation, taxes, download payslips, etc.
Create unlimited deduction and earning components for different salary structures
Off-cycle payroll features for easy bonus and incentive payments
Pricing
Core: Undisclosed
Premium: Undisclosed
Ultimate: Undisclosed
The core and premium plans do not offer performance-linked payroll and feedback reports.
Features to Look Out for in a RazorpayX Payroll Alternative
There’s no universal feature list to help you get the best RazorpayX Payroll alternative. The features you should look for in an alternative solution depend on your use cases.
But, we looked into several user reviews to discover payroll software's must-have features. Here’s the list based on our research:
Compliance management: Automatic tax calculations, updated statutory compliances, and built-in labour law compliance
Self-service portal: Get pay slips and tax forms and access employee info like IDs, leaves, etc
Reporting: Custom reports, salary registers with payroll costs, and TDS, PF, and ESI summaries
Automated payroll processing: Customisable salary structures, error-free calculations, and one-click salary disbursement
Conclusion
RazorPayX Payroll is great software for processing automated payrolls. However, its complicated workflows, unresponsive customer support, and absence of an integrated experience often force businesses to seek an alternative.
We are being biased here and asking you to select Craze among all the RazorpayX Payroll alternatives featured in this post. You are a perfect fit for Craze if👇
You are building people functions from scratch and are looking for an all-in-one finance, HR and IT dashboard
You need HR software that’s affordable and doesn’t gate advanced features
You want to collaborate with an on-demand support team that genuinely cares about your concerns
Do you tick all the boxes?
Well, it's time to explore Craze.
Sreyashi Chatterjee
Sreyashi Chatterjee is a SaaS content marketing consultant. When she is not writing or thinking about writing, she is watching Netflix or reading a thriller novel while sipping coffee.
