What is Payroll?
Payroll is the process by which a business determines and disburses its employee’s wages or salaries. It includes figuring out gross pay, deducting taxes and other withholdings, and paying employees net pay. Monitoring working hours, overtime, bonuses, and other compensation-related variables is another aspect of the payroll process.
Employers and employees both depend on the payroll process to make sure that workers are paid correctly and by the law. It is also very important for business financial reporting and tax compliance. To automate and optimize the payroll process, many businesses employ specialized payroll software. This lowers the possibility of errors and ensures efficiency.
Table of Content
- 10 Best Payroll Software in India
- 1. Zoho Payroll
- 2. QuickBooks
- 3. GreytHR
- 4. Saral PayPack
- 5. Keka
- 6. Pocket HRMS
- 7. SumoPayroll
- 8. Marg Payroll
- 9. Spine Payroll
- 10. HRMantra
- Conclusion