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Online Payments, RazorpayX with Current Accounts, Bank Transfer, and more

Download & share salary slips in your company's letterhead

Q: 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.

Q: 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.

Q: What can I do with RazorpayX Payroll?

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

Q: How much does RazorpayX Payroll cost?

RazorpayX Payroll is the ideal choice for both startups and enterprises. It excels by providing complete automation of payroll and compliance processes. Additionally, it empowers businesses of all sizes with advanced features like bonus management, salary advances and more! <br/><br/> RazorpayX Payroll offers cost-effective plans, starting at just ₹1499.

Q: 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.

Company Name

Company Logo

Company Address

Employee Name, Code, Department & Designation

Employee PAN & Bank Account Details

Employee UAN Number

Earnings Of The Total Number Of Working Days

Number Of Leaves, If Any

Gross Salary

Net Salary Along With Tax Deducted

Get customised salary slip format for your business

Small Business

Tailored to give the professional look

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Medium Business

Preferred version for interns and trainees

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Large Business

Simple, yet complete payslip

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What is RazorpayX Payroll?

One-click payroll processing

One-click, end-to-end payroll processing in 3 easy steps within 10 minutes.

Automated statutory compliance

Disburse salaries along with statutory deductions like PF, PT, TDS in no time.

All-in-one HR software

Execute most-common payroll tasks with simple and easy-to-use tools.

Tailormade health insurance

Get best-in-class group health insurance plans to retain top talent.

What is a Salary Slip?

A salary-slip format is a template that is used by HR departments, accountants, and other teams to create the salary slips for all the employees of the company. This reduced the possibility of human errors such as neglecting fields, creating incomplete salary slips, etc. There are many different forms of salary-slip-formats available. Depending on the software that the HR team or accountant is familiar with, a particular format can be adopted. Using this format, these teams can create individual salary slips for all their employees by entering the information from the employee database. Start with the most suitable template right away.

Penalties for not furnishing payslips to employees

As per the Payment of Wages Act passed in 1950, a payslip is a legal mandatory requirement according to rule 26(4) and rule 26(3). However, the size and taxability of the company are considered to be important too. Non-issuance of salary slips can be liable for penalty at the rate of Rs. 100 per day under Section 272A.

Benefits of a Salary Slip

The practice of providing a salary slip to employees every month is followed as it carries plenty of benefits. Both the employees as well as the employer can experience these benefits. Let us have a look at them.

For Employees

For Employers

Understand Your Salary Details

Employees can gain a detailed understanding of their salary breakdown such as the amount of overtime, bonus, etc.

To Apply for Credit

While applying for credit, the bank or lending institution asks for proof of income during which the salary slip has to be submitted.

Proof of Employment

While applying for a new job, certain details of the previous employer such as the relieving letter, salary slips, and other references would be requested.

Payroll software that saves hours of time & effort