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HR & Recruiting
RazorpayX Payroll
Automated payroll and compliance from Razorpay, handling salary payouts, PF/ESI/TDS, and reimbursements for Indian businesses.
Spec sheet
All-in India price
₹3,499/mo
For a registered business
- Free plan
- Not available
- Free trial
- Available
- Status
- Source checked 2 Nov 2026
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Claim this listingFindThatSoftware verdictEditorial ruling
A strong fit for Indian startups and SMBs that want hands-off payroll with automated compliance, especially if already using Razorpay for payments or banking. It is payroll-and-compliance focused rather than a full HRMS, so talent-management needs sit elsewhere.
Read the full verdict
Verify current pricing and free tier on the official site.
FindThatSoftware has source-checked this listing and keeps 2 public sources visible for buyer verification.
In short
RazorpayX Payroll is listed under HR & Recruiting, reviewed for Indian buyers. It costs about ₹3,499/mo before GST, billed in rupees. It issues an India GST invoice, so you can claim input credit. FindThatSoftware rates it best for Indian startups wanting automated payroll; a poor fit for companies above 100 employees, because Elite caps there and anything larger needs a custom quote by email rather than a published rate.
What RazorpayX Payroll costs in India
The rupee price a business actually pays, after the card forex markup, with GST shown both ways.
True India price
Registered business, per month
₹3,499
RazorpayX Payroll is billed in rupees at ₹3,499/mo, so there is no forex markup. A registered business reclaims GST, so that is roughly the cost (₹41,988/yr). Without reclaim, add 18% for about ₹4,129 a month.
- Sticker price
- ₹3,499/mo
- GST
- 18%, reclaimable if registered
- Registered per month
- ₹3,499
- Registered per year
- ₹41,988
- If you can't reclaim GST
- ₹4,129
- Try first
- Free trial before you commit budget.
- Watch for
- RazorpayX Payroll plans are flat monthly fees.
More
Prime starts at ₹3,499/mo, with higher tiers adding more and Enterprise custom-quoted. It is often free for the first 6 months with a RazorpayX current account. It automates salary payouts and PF/ESI/TDS/PT filings. Confirm current plans on Razorpay's site.
Indicative, not a bill. The exchange rate is a single mid-market reference, not a live feed, and GST-registered businesses may reclaim input credit. Confirm current pricing on the vendor site.
Full India pricing breakdownPaying for more than RazorpayX Payroll? See your whole stack's real India cost and where you could switch to save.
Audit your spendWho RazorpayX Payroll fits
What it is, what you gain, what you give up, and who should look elsewhere.
What is RazorpayX Payroll?
RazorpayX Payroll automates salary disbursement and statutory compliance for Indian businesses. It calculates and files PF, ESI, PT, and TDS, pays salaries directly, and handles reimbursements and leave. It is part of Razorpay's business banking stack, suited to startups and SMBs that want payroll on autopilot.
What you gain, and what you give up.
The case for
- Compliance calculation, payments and filings are included on every tier including Prime, so statutory filing is not held back as an upsell.
- Prime costs 2,499 rupees a month for up to 20 employees, which works out near 125 rupees per head for a small Indian team.
- Pricing is published in rupees by an Indian entity with the GST rate stated openly, so there is no forex conversion or dollar invoice.
The catch
- Prime stops at 20 employees, so hiring a twenty first person moves you to Elite at 5,499 rupees a month and more than doubles the bill.
- Elite covers 50 employees and every employee beyond that adds 150 rupees a month, so headcount growth shows up directly on the invoice.
- All listed prices exclude 18 percent GST, which puts the real Prime cost near 2,949 rupees a month rather than the advertised 2,499.
- The billing toggle offers annual or semi-annual terms only, so there is no true month to month option despite prices being quoted per month.
Best for
- Indian startups wanting automated payroll
- SMBs needing PF/ESI/TDS compliance handled
- Razorpay business banking users
Who should avoid it
- Companies above 100 employees, because Elite caps there and anything larger needs a custom quote by email rather than a published rate.
- Teams wanting full expense management and priority support on the cheapest plan, because Prime marks advanced payroll, expenses and support as limited.
India readiness
How well RazorpayX Payroll fits an Indian business operationally, from the verified pricing and company facts we hold.
- ✓GST invoice
Issues a GST-compliant invoice, so a registered business can reclaim input tax.
- ✓Bills in INR
Priced in rupees, so there is no forex conversion or card markup on top.
- ✓India HQ
India-headquartered, so support, timezone, and context are local.
Compare RazorpayX Payroll
How it stacks up on what we verified, the tools buyers weigh it against, and where it appears in our guides.
How RazorpayX Payroll compares
Against the 8 other HR payroll tools we list, from what we verified on each vendor’s own pages.
Less common among the other HR payroll tools
Recorded for RazorpayX Payroll and for at most a third of the 8 others we list.
- Multi entity support
- Attendance management
- Payslip generation
Also in most alternatives
Recorded for at least half of the 8 others, and for RazorpayX Payroll.
This compares only the capabilities enough rival tools share for a comparison to mean anything, roughly a quarter of what we verified. The full list is under “What we verified” below, and anything absent from both is something we did not record rather than something the product lacks.
Similar tools to RazorpayX Payroll
Compare practical options in the same category by price, fit, and caveats.
Featured in our buying guides
See how RazorpayX Payroll stacks up against the best options for a specific kind of business.
What we verified about RazorpayX Payroll
Read from RazorpayX Payroll’s own pages. Each line is a finding and what it was based on, so you can check any of it yourself.
What RazorpayX Payroll does
Features we confirmed16
- Payslip generation
- Payslip generation is listed as a core payroll feature
- Multi entity support
- Enterprise-grade support for multi-entity organizations is advertised
- Leave management
- Leave is handled inside the employee self-serve portal
- Full and final settlement
- Vendor lists full and final settlement calculations
- Form 16 generation
- Vendor lists Form 16 and IT filing support
- Attendance management
- Attendance management system is integrated with payroll
- Automated salary processing
- Vendor: automated salary processing and payslip generation
- Direct salary payouts
- Payroll pays salaries directly out of the Razorpay banking stack
- Employee self serve portal
- Employee portal covers payslips, tax declarations and leave
- Esic filing
- ESIC is named in the statutory compliance feature list
- Multi state compliance
- Vendor claims compliance coverage across 28 states and 8 union territories
- Pf filing
- Vendor lists PF among automated statutory compliance
- Professional tax filing
- Professional Tax (PT) is listed among handled statutes
- Reimbursement management
- Reimbursement management is an explicit feature
- Tax declaration collection
- Self-serve portal collects employee investment and tax declarations
- TDS computation and filing
- Statutory compliance list includes TDS
What people use it for4
- Onboard employees
- Full and final settlement handles resignations and exits
- Run payroll
- Core job is running monthly salary for an Indian company
- Reimburse employee expenses
- Reimbursement handling is part of the payroll run
- File statutory returns
- Buyers hire it to file PF, ESI, PT and TDS without a consultant
Works with4
- Razorpayx
- Payroll sits on the RazorpayX banking stack for salary disbursal
- Razorpay
- Part of the Razorpay product suite sharing one account and dashboard
- Epfo
- PF filings are made against EPFO statutory requirements
- Esic
- ESIC filings are handled automatically
Terms, compliance and how you buy20
- Annual billing only
- Billing toggle offers annual or semi-annual terms only despite per-month quotes
- GST extra
- Prime at Rs 2,499 actually invoices near Rs 2,949 once GST is added
- Bangalore jurisdiction
- Razorpay group terms specify Bangalore courts
- Annual or semiannual commitment
- The only billing terms available are annual and semi-annual
- Compliance included on entry tier
- Compliance calculation, payment and filing are included even on Prime
- Ecosystem lock in incentive
- Pricing is discounted for businesses already on RazorpayX banking
- Employee count caps
- Hiring a 21st person forces the move from Prime to Elite
- Flat fee with headcount bands
- Prime covers up to 20 employees, Elite up to 50
- Free with razorpayx account
- Often free for the first six months with a RazorpayX current account
- GST invoice available
- Listed prices exclude 18% GST which is stated openly
- India built
- Indian vendor pricing in rupees and filing Indian statutes
- India only payroll
- Compliance coverage is Indian statutes only, no global payroll
- INR billed
- Prices are published in rupees by an Indian entity
- Limited features on entry tier
- Prime marks advanced payroll, expenses and support as limited
- No free plan
- There is no permanently free tier, only a promotional free period
- Payroll not full HRMS
- Our verdict notes it is payroll and compliance focused, not talent management
- Per employee overage charge
- Beyond 50 employees Elite adds Rs 150 a month per extra employee
- Quote only above 100 employees
- Elite caps at 100 employees and larger needs a custom quote by email
- Smb and startup oriented
- Use cases lead with startups, SMEs and mid-market Indian companies
- Steep tier jump
- Elite at Rs 5,499 more than doubles the Prime bill at the 20-employee boundary
Source trail
Pricing and free-plan claims can change. FindThatSoftware keeps source URLs visible so users can verify before buying.
- RazorpayX Payroll pricinghttps://razorpay.com/payroll/pricing/
- RazorpayX Payroll (official site)https://razorpay.com/payroll/
Verified against the sources above. How we research & rate software →
RazorpayX Payroll questions
Does RazorpayX Payroll give a GST invoice in India?
- RazorpayX Payroll issues an India GST invoice, so a GST-registered business can claim input tax credit on it directly.
Is RazorpayX Payroll good for Indian small businesses?
- It suits Indian startups wanting automated payroll. It bills in rupees and issues a GST invoice, so a registered business claims the GST back. It is not the right pick for companies above 100 employees, because Elite caps there and anything larger needs a custom quote by email rather than a published rate.
Does RazorpayX Payroll have a free plan?
- RazorpayX Payroll does not list a permanent free plan in FindThatSoftware data. Check the official pricing page for trial terms and current offers.
What users say
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