Payroll Software
Faster Payrolls. Timely Payouts.
A payroll system that adheres to best practices can bring you significant dividends. Stop juggling between confusing excel sheets. Automate your payroll for hassle-free/stress-free month ends and salaries on time. Additionally, get 100 % statutory compliance without lifting your finger.
greytHR is India's best cloud-based payroll software that tackles all aspects of the payroll process such as processing salaries on time, avoiding tiring & error-prone manual calculations, and adheres to all statutory compliances.
Complete payroll processing
Process payroll with a single click
After you’ve configured and implemented greytHR as per your needs, a click is all that you need to process employee salaries.
Use guided payroll processing with checklist
If new to the process, tool, or you want to review and verify data while processing payroll, don’t worry; Select the manual payroll process option to process payroll in a guided manner with the help of an online checklist.
Compute accurate salaries automatically
On clicking Process Payroll, greytHR accurately and automatically computes salary for all employees including statutory deductions (PF/PT/ESI/TDS), loan deductions, arrears, revisions, loss of pay, pro-rata salary, IT computation, etc.
Use extensive reconciliation tools
Verify accuracy in each payroll by using a variety of payroll reconciliation tools at your disposal. Compare current and previous month’s payroll and also, customize salary register and payroll statements as per your needs.
Configurable salary structure
Configure complex salary structures
greytHR’s in-built payroll calculator offers flexibility to handle any type of salary structure. Define highly customizable salary structure specific to your industry standards, specifications, or requirements and employee category.
Add unlimited salary components
Add unlimited salary components from our repository to create a salary structure that suits your business needs or industry/ statutory norms/ regulations. Some of these salary components are standard while some are highly specific components.
Automated payroll inputs and payslips
Automate reimbursements, loans and advances
A growing organization needs to accommodate not just basic payroll but also reimbursements, loans and advances for employee betterment. greytHR’s web payroll also incorporates:
- Extensive reimbursement configurations
- Monthly/ annual entitlements
- Claims processing with limit checking
- Providing loans with multiple repayment and interest options
- Pausing loan deductions for a specified period
- Automatic closure on completion of repayment
- Automatic calculation of perquisites
Process payroll with automated payroll inputs
greytHR payroll software provides you with seamless integration of leave and attendance information for all employees as payroll inputs. This integrated payroll system helps you to:
- Access and select multiple payslip formats
- Process increment components into present salary structure
- Process one-time payment and deductions
- Process full-fledged arrears
- Calculate and automate full and final settlements
- Calculate LOP and LOP reversals
Generate and distribute customized payslips
Our web payroll is highly flexible. Send mass email salary slips or publish them to the Employee Self Service (ESS) portal and to the mobile app for real-time access. What’s more, you can also:
- Download payslips for individual or selected employees as PDF files
- Generate reimbursement and settlement payslips separately
Comprehensive Post-Payroll Process
Generate statutory reports
Generate statutory return file formats, such as PF ECR file, ESI Returns, PT reports of all states and Form 24Q returns without any additional data entry work.
Disburse salaries with ease
greytHR’s payroll management software allows you to disburse salaries through any bank through multiple payment modes, such as cheque and bank transfers. Also, it has:
- All major bank transfer electronic formats built in
- Batch-wise/ bank-wise payment release
- Status tracker for cash and cheque payments
Generate Accounts JV
Payroll doesn’t end with payslip distribution, reconciliation or disbursement. To have a smooth link between your finance and payroll teams, our payroll system allows you to generate Accounts JV easily via:
- In-built formats for Tally
- Highly configurable JV (split by cost center/ employees)
- Extensive Excel output capabilities
100% statutory compliance
Enjoy complete compliance
All statutory deductions for PF, ESI, Professional tax, IT, etc., are automatically updated by our payroll system as per the latest laws and amendments. The payroll management system provides you these features along with all required and customized reports:
- PF calculations with ECR generation
- ESI computations and challans
- PT with all state-specific rules built in
- Comprehensive TDS (IT) calculations and eTDS returns
- One-click Form 24Q generation with automatic FVU validation
- Digitally signed Form 16 and 12BA generation
- Bonus calculations and reporting
- Labour Welfare Fund calculation and deductions
Generate payroll reports
Generate payroll reports
greytHR has 120+ readymade and standard reports, including statutory reports.
Our payroll management system provides you with multiple configuration parameters for the following reports:
- Reconciliation reports
- PT reports
- MIS reports
- Ad-hoc and user-defined reports
- Customizable payroll statement/ salary register/ wage register
- Reports under Shops & Establishment Acts of various states
- Reports under CLRA Act of various states
