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RazorpayX Payroll

Payroll & Labour Compliance
Official Entity: RazorpayX Payroll • HQ: Bengaluru, Karnataka, India
88 / 100Verified CA Product ScoreProvisional · 15/17 checklist items sourced= 15 / 17 features supported|See Full Breakdown ↓
Verified Pricing
Public but internally inconsistent across RazorpayX pages: the pricing page lists Prime ₹3,499/mo (up to 20 employees) and Elite ₹6,499/mo (up to 50 employees, listed as discounted from ₹9,499), +₹150/month per additional employee beyond the tier, plus 18% GST; Enterprise (100+ employees) is quote-only. Separate marketing/docs pages state different starting prices and employee bands, so these figures should be confirmed in a browser before being treated as final.
✓ 100% Primary-Source Verified
Executive Summary & Position:
  • Target Firm: SMB to mid-market, positioned toward startups and digital-first businesses already using RazorpayX banking
  • Deployment: Cloud SaaS (Windows, Mac, Web)
Visit Official Website ↗Compare vs Rival Tools → Pricing Calculator

Feature Availability Matrix

Primary-source verified statutory capabilities for RazorpayX Payroll (15 of 17 features available).See sources ↓

15 / 17 Supported
Statutory Compliance & Return Generation6 / 6
PF (EPFO) ECR / Challan Generation
✓ Yes
ESI Contribution & Return Generation
✓ Yes
State-Wise Professional Tax Handling
✓ Yes
Labour Welfare Fund (LWF) Computation
✓ Yes
Gratuity Computation
✓ Yes
Direct E-Filing / API Submission to Government Portals (Not Just File Generation)
✓ Yes
Payroll Engine & Compensation Architecture4 / 4
Multi-State / Multi-Entity Payroll Processing
✓ Yes
CTC Structuring & Flexible Benefits Configuration
✓ Yes
Arrears / Retroactive Salary Revision Processing
✓ Yes
Full & Final Settlement Automation
✓ Yes
Direct Tax & Employee Experience3 / 4
TDS on Salary: Form 24Q & Digital Form 16 Generation
✓ Yes
Employee Self-Service Portal (Payslips, Form 16, Investment Declaration)
✓ Yes
Native Mobile App for Employees
✕ No
Compliance Deadline Alerts / Regulatory Update Tracking
✓ Yes
ERP Sync & Platform Extensibility2 / 3
Named Accounting Software Integration (Tally, Zoho Books, etc.)
✕ No
Biometric / Attendance Device Integration
✓ Yes
Public API for Custom Integration
✓ Yes

Key Strengths & Limitations

✓ Key Strengths

  • ✓Clean automated payroll engine with multi-state PT handling, flexible CTC structuring, and automated FnF processing w.
  • ✓Full salary TDS automation: auto-deducts monthly TDS, prepares Form 24Q, and auto-generates digital Form 16s.
  • ✓Direct automated 2-way sync with Zoho Books and QuickBooks.

✕ Caveats & Considerations

    Technical Specifications

    DeploymentCloud SaaS
    Supported OSWindows, Mac, Linux, iOS, Android
    Target Practice SizeChartered Accountants & Tax Firms
    Official Entity & Originentity ambiguous - not conclusively resolved (No Payroll-specific legal page naming the contracting entity was found (razorpay.com/payroll/terms 404). razorpay.com/notice (fetched) states: Razorpay Software Limited (formerly Razorpay Software Private Limited), CIN U72200KA2013PLC097389, transferred its Payment Aggregator business to Razorpay Payments Private Limited, CIN U62099KA2024PTC188982, from 1 Jan 2026. The older RazorpayX terms page footer shows 'Razorpay Software Private Limited, CIN U72200KA2013PTC097389' (pre-conversion form). The current razorpay.com footer shows 'Razorpay Software Limited ... CIN: U62099KA2024PTC188982', which mismatches the notice (that CIN is Razorpay Payments Pvt Ltd) - sources conflict. Site text also says Banking+ is operated under RZPX Private Limited; which entity contracts for Payroll is not stated. Database name 'Razorpay Software Private Limited' is outdated (now 'Razorpay Software Limited'). CIN given is the one stated in Razorpay's own notice; not MCA-verified. thecompanycheck/zaubacorp not fetchable.) • Bengaluru, Karnataka, India
    Official Websitehttps://razorpay.com/payroll/ ↗

    About RazorpayX Payroll & Governance

    RazorpayX Payroll is the payroll module within RazorpayX, Razorpay's banking-services suite for businesses, integrated with RazorpayX current accounts for direct salary disbursal. It originated as "Opfin," a standalone payroll startup acquired and rebranded by Razorpay; no further rename has occurred since. As a product line rather than a standalone company, its governance facts here describe Razorpay itself - readers should not treat it as an independently founded payroll startup.

    Corporate Entityentity ambiguous - not conclusively resolved (No Payroll-specific legal page naming the contracting entity was found (razorpay.com/payroll/terms 404). razorpay.com/notice (fetched) states: Razorpay Software Limited (formerly Razorpay Software Private Limited), CIN U72200KA2013PLC097389, transferred its Payment Aggregator business to Razorpay Payments Private Limited, CIN U62099KA2024PTC188982, from 1 Jan 2026. The older RazorpayX terms page footer shows 'Razorpay Software Private Limited, CIN U72200KA2013PTC097389' (pre-conversion form). The current razorpay.com footer shows 'Razorpay Software Limited ... CIN: U62099KA2024PTC188982', which mismatches the notice (that CIN is Razorpay Payments Pvt Ltd) - sources conflict. Site text also says Banking+ is operated under RZPX Private Limited; which entity contracts for Payroll is not stated. Database name 'Razorpay Software Private Limited' is outdated (now 'Razorpay Software Limited'). CIN given is the one stated in Razorpay's own notice; not MCA-verified. thecompanycheck/zaubacorp not fetchable.)
    HeadquartersBengaluru, Karnataka, India
    Founded2014 (Razorpay Software Private Limited; the payroll product itself began as the acquired product "Opfin" before being rebranded RazorpayX Payroll)
    Team SizeNot disclosed specifically for the payroll product line; Razorpay overall is a large, well-funded fintech company

    Pricing & Plans

    Commercial PlanPublic but internally inconsistent across RazorpayX pages: the pricing page lists Prime ₹3,499/mo (up to 20 employees) and Elite ₹6,499/mo (up to 50 employees, listed as discounted from ₹9,499), +₹150/month per additional employee beyond the tier, plus 18% GST; Enterprise (100+ employees) is quote-only. Separate marketing/docs pages state different starting prices and employee bands, so these figures should be confirmed in a browser before being treated as final.
    Verified Rate

    razorpay.com/payroll/pricing/ (client-rendered): "₹3499 / month" for PRIME ("Max. Employees Supported: 20"), ELITE ₹6,499/month for 50 employees, additional employees at ₹150/employee/month, "Additional 18% GST applicable." Other Razorpay pages say pricing "starting at just ₹2499" and docs.razorpay.com/payroll/plans gives different employee bands (Prime 11-30, Elite 31-1000) - these conflict with the pricing page and were not used. The previously published flat ₹100/employee/month figure does not appear on any fetched page.

    Pricing checked as of 2026-10-05.

    Starting From₹41,988/ year

    Flat plan, 2 tiers (covers up to 20 users)

    TierAnnual Price
    Prime (up to 20 employees)₹41,988
    Elite (up to 50 employees)₹77,988

    Sources

    Frequently Asked Questions

    3 Answers
    Q1How much does RazorpayX Payroll cost?
    razorpay.com/payroll/pricing/ (client-rendered): "₹3499 / month" for PRIME ("Max. Employees Supported: 20"), ELITE ₹6,499/month for 50 employees, additional employees at ₹150/employee/month, "Additional 18% GST applicable." Other Razorpay pages say pricing "starting at just ₹2499" and docs.razorpay.com/payroll/plans gives different employee bands (Prime 11-30, Elite 31-1000) - these conflict with the pricing page and were not used. The previously published flat ₹100/employee/month figure does not appear on any fetched page. Pricing verified 2026-10-05 directly from https://razorpay.com/payroll/.
    Q2Who is RazorpayX Payroll best suited for?
    SMB to mid-market, positioned toward startups and digital-first businesses already using RazorpayX banking.
    Q3What is RazorpayX Payroll's Product Score based on?
    88/100, derived from 10 weighted criteria scored against primary-source evidence - the vendor's own site, documentation, and live product walkthroughs. See our methodology for the full scoring rubric. (provisional - 15/17 checklist items sourced; unconfirmed items are counted as not supported until verified, so this score can only increase as we confirm more of the checklist).

    Last verified 2026-09-13 by Gagan C, Tax Practitioner. See our full scoring methodology.

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