Payroll software for Indian banking, financial services and insurance
BFSI payroll carries two extra weights: a large variable-pay component tied to targets, and an audit trail that has to survive scrutiny. Branch networks spread across states add Professional Tax on top.
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The deadlines do not move. The penalties compound.
An audit finding on payroll is not a process note. It restates a P&L line, and every branch state's Professional Tax position gets re-examined alongside it.
- 7th
- TDS on salary deposited
- Miss it: 1.5% a month, plus ₹200 a day under 234E
- 15th
- PF and ESI contributions paid
- Miss it: 12% a year interest, damages up to 25%
- 15 Jun
- Form 16 issued to every employee
- Miss it: ₹100 a day per certificate, up to the tax due
INDPayroll applies every one of these on the run itself, and refreshes the thresholds the month the government moves them. Work out what a past delay already costs you
Variable pay, branch spread, and an audit trail that holds
Variable pay
Incentives flowing correctly into TDS
State-wise PT
Slabs applied by work location
Form 16
Part A and Part B for the financial year
PF forms 3A/6A/12A
Annual returns generated for you
RBAC
Control who can see and change what
Audit-ready reports
Every figure traceable to its run
Most Indian payroll vendors make you sit through a call before they show you a price.
You can have your first run out before that call would have been scheduled. Sign up, add your people, and see the PF, ESI and TDS numbers on your own payroll.
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What auditors ask for and payroll cannot produce
Variable pay changes every cycle
Incentives and commissions differ per person per month, and TDS has to account for them without over-deducting.
Incentives inside the run
Variable components are added per cycle and flow into TDS automatically, so tax reflects actual earnings rather than an estimate.
Branches sit in different states
Professional Tax slabs and filing rhythms differ per state, and each has to be tracked separately.
State-wise PT applied for you
PT slabs are applied per employee by location, without maintaining a state-by-state sheet.
Every figure needs a trail
Auditors ask what changed and when, and a spreadsheet cannot answer that credibly.
Records that stand up
Payroll registers, Form 16, PF forms 3A/6A/12A and ECR files are generated and retained, with role-based access controlling who can change what.
Asked by teams like yours
Your next payroll run is due on the 15th either way.
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