RazorpayX Payroll (previously Opfin)

Payroll Software with Automated Compliances

Calculate payroll and disburse salaries in just a few clicks. RazorpayX Payroll automates payments and filings of compliances like TDS, PF, ESI, PT, and more!

offer
Get 3 months of Pro Plan for freevalid till 30th November, hurry!
RazorpayX Payroll Software
Direct Salary Deposits

Direct Salary Deposits

Deposit salaries directly into employees bank account
Compliance on Auto-Pilot

Compliance on Auto-Pilot

Set compliances like TDS, PF, PT and ESIC on auto-pilot
Current Account Reimagined

Current Account Reimagined

A suite of smart apps with your account to transform your business
5000+ High-Growth Companies Trust RazorpayX Payroll Software
Join us and find out why
Leave your payroll and compliance to us
Focus on growing your business with RazorpayX Payroll Software. Let us do the rest.
Manage Employees
Manage Employees

Manage Employees

Manage your employees, right from their onboarding to exit, with simple tools like offer letter generator and CTC calculator.

Also, employees can access payslips, make tax declarations and manage leaves directly from the self-serve portal.

One of the best things about RazorpayX Payroll is that it allows us to customise offer letters. We don’t have to worry about compliance anymore!
Sagar Seth
Co-founder, GoDutch
Pay Employees

Pay Employees

RazorpayX Payroll automatically calculates and disburses salaries after considering leaves and statutory deductions.

We take care of all-things compliance, right from registration, payments to accurate return filings for TDS, PF, PT and ESI.

It just takes 3 simple steps and a maximum of 10 minutes to process a month’s payroll. Otherwise, manual processing methods took a lot of time and effort.
Anudeep Reddy
Founder, Nonu
Insure Employees

Insure Employees

Cover your team regardless of its size. Best in class employee insurance with comprehensive coverage from day 1 that covers pre-existing diseases, dependents and maternity.

Integration with the HRMS ensures that the addition and deletion of employees happens automatically.

Really helpful as we don't have to think about these things. Everything is super easy, crisp and accessible. Great experience
Nikit Gupta
Build3

Simple and
transparent pricing

No hidden conditions, clauses

RECOMMENDED PLANPRO PLAN ? 100Per employee, per month.
FREE PLAN ? 0 Free forever!
No asterisks, conditions
OTHER PAYROLLS
? 1500
/month*
Extra charges may apply
Simple and transparent pricing

No hidden condition, clauses

RECOMMENDED
PRO
? 100/employee /month
FREE
? 0No conditions whatsoever!
OTHER
? 1500 /month*
Payroll Processing
HR Management
Money Transfer
Contractor Payments
Automated Compliance
Monthly Payments
Monthly and Quarterly Filings
Form 16 Generation
Tax Document Verification
Letter Generation Module
Insurance EXCLUSIVE
Integrations EXCLUSIVE
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Offer valid till 30th November, hurry!
Get Started
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Wall of love
As it turns out, people love RazorpayX Payroll!
Here is what some of our users have to say.

Frequently Asked Questions

FAQs

What is payroll software?
What is payroll software?

Payroll software automates the processes of salary calculation and disbursal, taking various things into account such as leaves, deductions, bonuses, PF, gratuity, etc. It handles and supports employee compensation with just a few clicks.

It also eliminates the possibility of human error, and the HR professionals get more time to focus on planning, budgeting, recruiting and building employee development and retention strategies

How does payroll software work?
How does payroll software work?

First, employee inputs like PAN, address, and bank account details are gathered. These are then validated and fed into the payroll software. It calculates employee salaries and automatically manages the payments to the employee bank accounts, with very little manual intervention.

It keeps track of the wages defined by the government and days/hours worked, leaves, and statutory taxes such as PF, PT, TDS, & ESIC. RazorpayX Payroll makes it a breeze to manage employee payroll. It has an easy-to-use and intuitive design that allows employers to enter minimal information into the software and calculates the salary automatically.

Additionally, it automatically updates with the changes in tax laws and ensures a business is compliant with them.

How much does payroll software cost?
How much does payroll software cost?

While many payroll systems are present in the market, RazorpayX Payroll is the most suitable for startups as it is extremely cost-effective and easy to use. Its basic plan is free, and the pro plan costs as low as Rs. 100 per employee.

What is the purpose of payroll software?
What is the purpose of payroll software?

Payroll software helps manage the employees' salaries. It automates the entire process from calculation to disbursal and makes it easy to handle.

  • Manage Employees: It helps manage the employees right from onboarding to exit. It helps bifurcate the CTC automatically and sends the offer letter to the employee. All this while considering deductions like leaves, PF, bonus, commission, etc. It also allows serves as an employee self-service portal
  • Leave Management System: The payroll software keeps a record of the available leaves and the leaves availed for all employees, acting as the leave management system.
  • Salary Disbursals: It automatically disburses salaries into employee bank accounts after calculating it and taking care of statutory deductions like PF, ESI, and TDS.

How does payroll software help startup businesses?
How does payroll software help startup businesses?

When a business is starting up, there are a lot of high-priority tasks that need attention. Payroll software saves precious time of the management and the HR teams by automating employee salary calculation and disbursement.

RazorpayX Payroll is also a cost-effective option for startups as it ensures effective management of HR activities at a reasonable cost. It also ensures that the business complies with all the legal and statutory rules.

What are the main features of payroll software?
What are the main features of payroll software?

Payroll software is a great tool that helps small companies easily manage payroll-related tasks.

  • Minimises errors and saves time
  • Generates payslips easily
  • Tracks employee leaves and attendance
  • Quick and easy account integration
  • Offers affordable group health insurance
  • Provides insightful reports
  • Easy to use & customisable

What are the benefits of payroll software?
What are the benefits of payroll software?

One of the most significant benefits of payroll software is that it automates tedious tasks of employee salary calculations and disbursals with just a few clicks. RazorpayX Payroll automates in precisely 3 clicks

Other benefits include time-saving, no errors due to manual work, statutory compliances, employee management from onboarding to exit, attendance tracker, leave management, and employee self-service portal.

What is RazorpayX Payroll?
What is RazorpayX Payroll?

One of the most efficient and reliable payroll software in India for startups and businesses. RazorpayX Payroll software automates the payroll process for you, so you can calculate payroll and disburse salaries quickly. Furthermore, we handle all payments and filings of compliances like TDS, PF, ESI and PT.

How is RazorpayX Payroll different from the other payroll softwares?
How is RazorpayX Payroll different from the other payroll softwares?

Most payroll softwares as payroll processing tools where you need to do most of the work since they give you reports. You then need to go and upload these to your bank to make salary transfers, government portals for compliance payments.
RazorpayX Payroll automates salary transfers to any bank in India. We also take care payments and filings for all compliances like TDS, PF, PT and ESI

What can I do with a RazorpayX Payroll?
What can I do with a RazorpayX Payroll?

RazorpayX Payroll is a one-stop solution for your organization. It has the following modules to ensure all employee operations are done in a single tool

  • Salary Calculations and Transfers
  • Statutory Compliance Payments and Filing
  • Reimbursements request, approval and payment
  • Leave and Attendance System
  • Multiple letter generator tools
  • Group Health Insurance for employees
and much more

How much does RazorpayX Payroll cost?
How much does RazorpayX Payroll cost?

RazorpayX Payroll works on a flat pricing in the Pro Plan which costs you Rs.100/month/employee where we take care of all compliance payments and filings for you. Everything is included for no extra cost. No hidden fees, surprises or corporate trickery.

The Free plan of RazorpayX Payroll is really free with absolutely no limitations. You also get the first month of Pro Plan as a trial. No further conditions applied.

Does RazorpayX Payroll integrate with Slack?
Does RazorpayX Payroll integrate with Slack?

Yes, RazorpayX Payroll does integrate with Slack. With the RazorpayX Payroll Slack app, you can execute common HR & Payroll tasks related to leaves, reimbursements, payslips etc right from inside Slack. You can know more about it here.

Which software is best for payroll?
Which software is best for payroll?

The best payroll software automates manual processes like salary calculation, disbursement, and, more importantly, compliances. All organisations in India must abide by laws and regulations set by the government and file PF, PT, TDS & ESIC.

RazorpayX Payroll was built keeping all these things in mind. With it, you can process payroll in just 3 clicks. Not just that, you can also generate different reports, offer letters, process reimbursements, and more. It is also integrated with software like Jupiter, Zaggle, and more so that you can manage everything payroll & HR in one place.

What are the four types of payroll?
What are the four types of payroll?

Payroll is the process of paying salaries to a company’s employees. There are 4 types of payroll–manual (in-house), CA-managed payroll (Chartered Accountants), Agency managed payroll (outsourced to agencies) and payroll software.

While at first, you might feel that it can be done manually or outsourced to agencies, as your organisation grows, it becomes challenging to do everything on time. Not to mention, sharing your employee details with external agencies is always prone to data privacy issues. The best type of payroll is software managed. It automates everything in barely a few clicks while taking care of important compliance filings automatically. RazorpayX Payroll is India’s only fully automated payroll software that has helped 40,000+ high-growth companies.

How do small businesses do payroll?
How do small businesses do payroll?

Even for a small business, payroll should be done through software because other ways of doing payroll like manually are time-consuming and extremely error-prone.

Small business owners can use RazorpayX Payroll software. It has an extremely user-friendly interface and automates the entire payroll process in just 3 clicks. It also calculates compliances such as PF, PT, and TDS for employees and files them automatically.

What are the 5 payroll steps?
What are the 5 payroll steps?

Payroll in India involves the following steps:

  • Onboarding employees
  • Defining your payroll policy
  • Gathering employee data
  • Validating employee data/inputs
  • Calculating employee salaries
  • Disbursing employee salaries
  • Paying statutory dues such as PF, PT, TDS & ESIC
  • Distributing salary slips and tax computation sheets to employees

What is payroll software?

Payroll software automates the processes of salary calculation and disbursal, taking various things into account such as leaves, deductions, bonuses, PF, gratuity, etc. It handles and supports employee compensation with just a few clicks.

It also eliminates the possibility of human error, and the HR professionals get more time to focus on planning, budgeting, recruiting and building employee development and retention strategies

How does payroll software work?

First, employee inputs like PAN, address, and bank account details are gathered. These are then validated and fed into the payroll software. It calculates employee salaries and automatically manages the payments to the employee bank accounts, with very little manual intervention.

It keeps track of the wages defined by the government and days/hours worked, leaves, and statutory taxes such as PF, PT, TDS, & ESIC. RazorpayX Payroll makes it a breeze to manage employee payroll. It has an easy-to-use and intuitive design that allows employers to enter minimal information into the software and calculates the salary automatically.

Additionally, it automatically updates with the changes in tax laws and ensures a business is compliant with them.

How much does payroll software cost?

While many payroll systems are present in the market, RazorpayX Payroll is the most suitable for startups as it is extremely cost-effective and easy to use. Its basic plan is free, and the pro plan costs as low as Rs. 100 per employee.

What is the purpose of payroll software?

Payroll software helps manage the employees' salaries. It automates the entire process from calculation to disbursal and makes it easy to handle.

  • Manage Employees: It helps manage the employees right from onboarding to exit. It helps bifurcate the CTC automatically and sends the offer letter to the employee. All this while considering deductions like leaves, PF, bonus, commission, etc. It also allows serves as an employee self-service portal
  • Leave Management System: The payroll software keeps a record of the available leaves and the leaves availed for all employees, acting as the leave management system.
  • Salary Disbursals: It automatically disburses salaries into employee bank accounts after calculating it and taking care of statutory deductions like PF, ESI, and TDS.

How does payroll software help startup businesses?

When a business is starting up, there are a lot of high-priority tasks that need attention. Payroll software saves precious time of the management and the HR teams by automating employee salary calculation and disbursement.

RazorpayX Payroll is also a cost-effective option for startups as it ensures effective management of HR activities at a reasonable cost. It also ensures that the business complies with all the legal and statutory rules.

What are the main features of payroll software?

Payroll software is a great tool that helps small companies easily manage payroll-related tasks.

  • Minimises errors and saves time
  • Generates payslips easily
  • Tracks employee leaves and attendance
  • Quick and easy account integration
  • Offers affordable group health insurance
  • Provides insightful reports
  • Easy to use & customisable

What are the benefits of payroll software?

One of the most significant benefits of payroll software is that it automates tedious tasks of employee salary calculations and disbursals with just a few clicks. RazorpayX Payroll automates in precisely 3 clicks

Other benefits include time-saving, no errors due to manual work, statutory compliances, employee management from onboarding to exit, attendance tracker, leave management, and employee self-service portal.

What is RazorpayX Payroll?

One of the most efficient and reliable payroll software in India for startups and businesses. RazorpayX Payroll software automates the payroll process for you, so you can calculate payroll and disburse salaries quickly. Furthermore, we handle all payments and filings of compliances like TDS, PF, ESI and PT.

How is RazorpayX Payroll different from the other payroll softwares?

Most payroll softwares as payroll processing tools where you need to do most of the work since they give you reports. You then need to go and upload these to your bank to make salary transfers, government portals for compliance payments.
RazorpayX Payroll automates salary transfers to any bank in India. We also take care payments and filings for all compliances like TDS, PF, PT and ESI

What can I do with a RazorpayX Payroll?

RazorpayX Payroll is a one-stop solution for your organization. It has the following modules to ensure all employee operations are done in a single tool

  • Salary Calculations and Transfers
  • Statutory Compliance Payments and Filing
  • Reimbursements request, approval and payment
  • Leave and Attendance System
  • Multiple letter generator tools
  • Group Health Insurance for employees
and much more

How much does RazorpayX Payroll cost?

RazorpayX Payroll works on a flat pricing in the Pro Plan which costs you Rs.100/month/employee where we take care of all compliance payments and filings for you. Everything is included for no extra cost. No hidden fees, surprises or corporate trickery.

The Free plan of RazorpayX Payroll is really free with absolutely no limitations. You also get the first month of Pro Plan as a trial. No further conditions applied.

Does RazorpayX Payroll integrate with Slack?

Yes, RazorpayX Payroll does integrate with Slack. With the RazorpayX Payroll Slack app, you can execute common HR & Payroll tasks related to leaves, reimbursements, payslips etc right from inside Slack. You can know more about it here.

Which software is best for payroll?

The best payroll software automates manual processes like salary calculation, disbursement, and, more importantly, compliances. All organisations in India must abide by laws and regulations set by the government and file PF, PT, TDS & ESIC.

RazorpayX Payroll was built keeping all these things in mind. With it, you can process payroll in just 3 clicks. Not just that, you can also generate different reports, offer letters, process reimbursements, and more. It is also integrated with software like Jupiter, Zaggle, and more so that you can manage everything payroll & HR in one place.

What are the four types of payroll?

Payroll is the process of paying salaries to a company’s employees. There are 4 types of payroll–manual (in-house), CA-managed payroll (Chartered Accountants), Agency managed payroll (outsourced to agencies) and payroll software.

While at first, you might feel that it can be done manually or outsourced to agencies, as your organisation grows, it becomes challenging to do everything on time. Not to mention, sharing your employee details with external agencies is always prone to data privacy issues. The best type of payroll is software managed. It automates everything in barely a few clicks while taking care of important compliance filings automatically. RazorpayX Payroll is India’s only fully automated payroll software that has helped 40,000+ high-growth companies.

How do small businesses do payroll?

Even for a small business, payroll should be done through software because other ways of doing payroll like manually are time-consuming and extremely error-prone.

Small business owners can use RazorpayX Payroll software. It has an extremely user-friendly interface and automates the entire payroll process in just 3 clicks. It also calculates compliances such as PF, PT, and TDS for employees and files them automatically.

What are the 5 payroll steps?

Payroll in India involves the following steps:

  • Onboarding employees
  • Defining your payroll policy
  • Gathering employee data
  • Validating employee data/inputs
  • Calculating employee salaries
  • Disbursing employee salaries
  • Paying statutory dues such as PF, PT, TDS & ESIC
  • Distributing salary slips and tax computation sheets to employees

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  • Easy Payouts and disbursals
  • Current Accounts
  • User-friendly Dashboards
  • Powerful APIs
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