In today’s competitive business world, managing human resources efficiently is not just a need—it’s a necessity. Whether you're a small business or a growing enterprise, the right HRMS (Human Resource Management System) can streamline your operations, automate payroll, and ensure compliance.

However, for many organizations, budget is a major factor. The good news? You don’t have to spend a fortune to access powerful HR tools. Let’s explore the cheapest HRMS payroll software options and find out which one could be the best HRM software in India for your unique business needs.

What is HRMS Payroll Software?

HRMS payroll software is an all-in-one solution that combines payroll processing with core HR functions. It automates tasks such as:

  • Employee onboarding

  • Salary processing and payslips

  • Tax and compliance management (PF, ESI, TDS, etc.)

  • Attendance and leave tracking

  • Employee self-service portals

The right system saves time, minimizes errors, and ensures smooth HR operations—even for businesses with limited HR staff.

Top Features to Expect in Budget HRM Software

Even when cost is a concern, you shouldn’t have to compromise on essential features. Here’s what the best affordable HRMS solutions typically offer:

  • Automated payroll with tax compliance

  • Cloud-based access for remote teams

  • Employee self-service to reduce admin workload

  • Mobile-friendly interface

  • Customizable reports and dashboards

  • Scalability as your team grows

Top 5 Affordable HRMS Payroll Software in India (2025)

Here are some of the best value-for-money HRMS platforms trusted by Indian businesses:

1. greytHR

  • Starting Price: ₹1,495/month

  • Why It Stands Out: Trusted by thousands of businesses, greytHR offers comprehensive payroll, compliance, and HR tools tailored for Indian companies.

  • Best For: Startups and mid-sized businesses focused on payroll compliance.

2. HR Globes

  • Starting Price: ₹49/user/month

  • Why It Stands Out: Part of the HR Globes suite, this tool offers a clean interface and excellent integrations with other business apps.

  • Best For: Businesses already using HR Globes products or looking for flexibility.

3. Keka HR

  • Starting Price: ₹6,999/month for up to 100 employees

  • Why It Stands Out: Known for its user-friendly design and deep automation features.

  • Best For: Fast-growing companies with expanding HR needs.

4. SumHR

  • Starting Price: ₹350/user/month

  • Why It Stands Out: Simple, effective, and built with Indian SMEs in mind.

  • Best For: Small teams that want an easy-to-use platform without a hefty price tag.

5. HRMantra

  • Pricing: Customized based on requirements

  • Why It Stands Out: Advanced features including AI-based analytics and performance tracking.

  • Best For: Larger enterprises looking for deeper customization.

Choosing the Right HRM Software: What to Consider

When selecting the best HRM software in India, consider:

  • Your team size: Some tools charge per user, others offer flat rates.

  • Core needs: Is payroll your focus, or do you need full HR automation?

  • Customer support: Ensure quick help is available when needed.

  • Ease of use: A clean, intuitive interface reduces training time.

  • Scalability: Choose software that can grow with your business.

Frequently Asked Questions (FAQs)

✅ What’s the difference between HRMS and HRIS?

While both deal with employee data, HRMS includes more comprehensive tools like payroll, performance management, and workflows. HRIS is more focused on storing and managing basic employee information.

✅ Can small businesses afford HRMS software?

Absolutely. There are many affordable HRMS platforms designed specifically for small businesses, with pricing plans to suit different budgets.

✅ Is cloud-based HR software better?

Yes. Cloud-based solutions offer better accessibility, automatic updates, data security, and remote access—especially useful for hybrid or distributed teams.

✅ Which is the best HRM software in India for payroll?

greytHR and Keka are highly regarded for payroll accuracy, compliance handling, and affordability.

✅ Can I migrate from Excel to HRMS easily?

Most HRMS platforms offer migration tools or onboarding support to help you transition smoothly from manual systems like Excel.

Conclusion

The idea that powerful HR tools are expensive is outdated. Today, Indian businesses have access to affordable, feature-rich HRMS software that makes managing people, payroll, and processes seamless and efficient.

Whether you're a small startup or scaling fast, there’s a budget-friendly HRM software out there for you. The key is to match the platform’s features with your business needs—and you’ll be well on your way to building a more organized and productive workplace.