RazorpayX Payroll

About RazorpayX Payroll

RazorPayX Payroll, formerly Opfin is a payroll management software platform with automated compliances that enables you to calculate payroll and distribute wages to your employees with just a few clicks. It automates TDS, PF, ESI, PT, and other compliance payments and filings to ease up your job of online payroll management. With RazorPayX Payroll, you can pay your workers' pay straight into their bank accounts. It offers simple tools like the TC calculator and the offer letter generator that help you manage your staff from onboarding until leave. Employees can use the platform’s self-serve interface to get pay stubs, make tax declarations, and manage their leaves. The platform handles everything related to compliance, from registration to payments to ESI return files. You can set a payroll date for your workers and watch them get paid on time. RazorpayX Payroll offers real-time attendance monitoring and leave management through APIs, biometric devices, or a website along with automated CC bifurcation into special allowance, HRA, basic and other categories. Additionally, you can view payslips, declare investments, and request payments with this platform.

Pricing

Free Trial Not Available
Offers Custom plan.
View Detailed Pricing

SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

83%
Reviews

60%
Momentum

64%
Popularity

67%

Platforms Supported

Browser Based (Cloud)

Organization Types Supported

All (Small, Medium, Large)

API Support

Available

Modes of Support

24/7 (Live rep), Online

RazorpayX Payroll Features

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Payroll Features

Features: The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

83%

Unique Features

Tax Management

Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

Multi-country

Supports electronically transfer of payments to employees regardless of the country or state

401(k) Tracking

Helps to track and manage matters concerning 401(k) that is a retirement savings plan sponsored by an employer.

Standard Features

Tax Filing

Allows the filing of payroll tax forms for federal, state, and local taxes.

Leave Tracking (Vacation)

Assist in keeping track of leave and holidays for easing the payment calculation process

Self Service Portal

Provides the employees with a website where they can update their accounts, make bill payments, avail necessary information and other self-help functions

Direct Deposit

Supports direct deposit which is the most popular method for giving paycheques to employees in an electronic form

Deductions Management

Helps optimizing deductions workflow and assist in calculating various deductions or additions like ESI, PF, integrating leave, performance

Attendance Tracking

Helps to quickly and easily track the attendance

Multi-Currency

Enables payment and collection in multiple currencies.

PEO Services

Professional Employer Organizations (PEOs) offer small and medium-sized businesses affordable HR services and benefits by serving as co-employers and managing compliance, eliminating the need for an in-house HR department.

EOR Services

Facilitates the management of employment-related responsibilities, compliance, and HR functions associated with Employer of Record (EOR) services

Third-party Integration

Offers synchronization with third-party applications

Wage Garnishment

Helps in deducting the amount from an employee's monetary compensation including salary as per a court order to pay off debt

W-2 Preparation

Helps electronically preparing the W-2 form that reveals the total gross income of an employee.

Compensation Management

Manages employee compensation related data in an organized and automated manner

Check Printing

Allows previewing and printing standard and customized paychecks

Benefits Management

Helps in monitoring and managing non-wage compensation given to employees besides their regular salaries or wages.

RazorpayX Payroll Pricing

Free Trial

Not available

Pricing Options

Premium Plans ( Subscription / Quotation Based )

Pricing Plans

Prime Others

₹2999 per Month billed Monthly

₹2499 per Month billed Yearly

Additional 18% GST applicable.

Max. Employees Supported: 20

Features

Payroll Calculation
Payslip Generation
Direct Salary Payment
One-Time Payments
Salary Adjustment
Salary Register
Contractor Payments
Compliance Calculation (TDS, PT)
Advance Compliance (PF, ESI)
Compliance Payment
Employee Filings
Contractor Filings
Form 16 Generation
Standard Roles and Permissions
Custom Salary Structures
Employee PF and VPF
Salary Advance
Flexible Benefits
Bonus Management
Investment Proof Verification
Standard Reimbursements
Reimbursement Claims on Slack
Basic Attendance
Leaves
Bulk Attendance Upload
Shifts
Email & SMS Notifications
Payslips on WhatsApp
Payslips on Slack
Salary Account
ITR Filing for Employees
Letter Generation
Self Serve
Email Support
Chat Support
Dedicated Implementation Manager
Third-Party Flexible Benefits Integrations
Third-Party HRMS Integrations
Third-Party Attendance Integrations
Health Insurance via IRDA Partner
Background Verification
Other Third-Party Integrations

Elite Others

For 50 employees.

₹5999 per Month billed Monthly

₹5499 per Month billed Yearly

Additional employees are charged ₹100/employee/month.

Additional 18% GST applicable.

Max. Employees Supported: 100

Features

Includes features of Prime plan, plus
Customizable Roles and Permissions
NPS
Multiple Deductions
Hold Salary, Pay Compliance
Resettlement
Loan Management
Approval Workflows
Reimbursement Claims on WhatsApp
API & Webhooks

Enterprise Custom

For Organizations with 100+ Employees.

Features

Includes features of Elite plan, plus
Custom Rules on Expense (Basis limit, type)
Custom Rules on Expenses (Basis department, location, grade)
Dedicated Account Manager
On-Demand Custom Reports

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Disclaimer: The pricing details were last updated on 12/06/2024 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

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