Payroll for NBFCs, Brokers & Insurers

Payroll with the controls finance expects.

Branch-wide compliance, incentives and staff loans. Payroll locked at every stage.

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QkrPayroll November payroll across 14 branches in 3 states: Delhi, Uttar Pradesh and Maharashtra branches locked, field incentives added, ready for disbursement
Overview

What is payroll software for NBFCs and financial services?

Payroll software for NBFCs and financial services calculates salaries, incentives, loan recoveries and tax for staff across branches, and applies PF, ESI, TDS, PT and LWF by branch location.

QkrPayroll runs every payroll in three locked stages, so changes can't slip in after sign-off. Finance and audit teams get a payroll they can stand behind.

Built for
NBFCs & lendersBranches plus collection teams.
Microfinance institutionsLarge field teams across districts.
Broking firmsBranch and sales teams across cities.
Insurance distributorsAdvisors and sales teams on the move.
The Problem

Tight controls. Many branches.

Branches across states

Each branch brings its own PT and LWF rules. Compliance can't slip anywhere.

Incentives in spreadsheets

Field payouts worked out by hand, then copied into payroll.

Payroll needs control

Late changes, unclear approvals and errors don't pass an audit.

How QkrPayroll fits

Payroll built for regulated, branch-led businesses

Control and compliance in every payroll run.

3-stage payroll lock

Attendance, processing and disbursement each locked before the next stage begins.

Learn more →

Incentives & variable pay

Configurable pay components for incentives, paid with the monthly salary.

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Staff loans & advances

Loans recovered from salary automatically, in the instalments you set.

Learn more →

Branch-wide compliance

PF, ESI, TDS, PT and LWF applied by branch location.

Learn more →

TDS & Form 16

TDS on approved declarations. Form 16 and 24Q from payroll data.

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Multiple entities

Run payroll for every group entity from one login.

Learn more →
In detail

A closer look at QkrPayroll for financial services firms

Control

A payroll that can't change after sign-off

Attendance is locked first. Salaries are processed on locked data. Disbursement is approved last. Each stage closes before the next opens.

  • Three locked stages every month
  • No edits after sign-off
  • Each stage signed off before the next
  • A clear trail for audit
Explore payroll management
Incentives & loans

Incentives and loans in the same run

Field incentives are set up as pay components and paid with salary. Staff loans and advances are recovered automatically.

  • Incentives as configurable pay components
  • Paid with the monthly salary
  • Staff loans recovered in instalments
  • Outstanding balances tracked
Explore loans & advances
Compliance

Branch-wise compliance

Every branch follows its state's rules. TDS is worked out on approved declarations, with Form 16 and 24Q from payroll.

  • PF, ESI, TDS, PT and LWF by branch
  • PT covered across 18 states
  • TDS on approved declarations
  • Form 16 and 24Q generated
Explore statutory compliance
3-stage payroll lock

Every payroll run, signed off in stages

Each stage is locked before the next one starts. Nothing gets changed after sign-off.

01

Attendance Lock

Branch and field attendance verified and locked.

02

Processing

Salaries, incentives and TDS calculated on locked data.

03

Disbursement

Final approval, then disbursement. Changes after sign-off are blocked.

Before and after

What changes with QkrPayroll

TaskWithout QkrPayrollWith QkrPayroll
Payroll changesEdits possible until the last minuteBlocked once each stage locks
IncentivesWorked out in spreadsheetsPaid as pay components
Staff loansTracked separatelyRecovered from salary automatically
ComplianceState rules checked by handApplied by branch location
AuditHard to show who signed offEach stage signed off in order
Implementation

Live in 15 days

Your team gets set up step by step, with support on WhatsApp throughout.

Day 1–2

Data import

Employee, salary structure and statutory details imported.

Day 3–5

Payroll setup

Pay components, PF, ESI, PT and LWF rules and entities configured.

Day 6–7

Employees live

Self-service opens for payslips and tax declarations.

Day 8–15

First payroll

A test run compared with your previous payroll, then live.

7 days
Employees live
15 days
Full go-live
18 states
Professional Tax covered
₹40–80
Per employee / month
FAQ

Payroll for financial services: FAQs

Every payroll runs in three locked stages: attendance lock, processing and disbursement. Each stage is signed off before the next one opens, and once a stage is locked, edits are blocked. Who signed off, and when, stays on record for audit.

Yes. Incentives are set up as configurable pay components and paid with the monthly salary, so field payouts no longer pass through spreadsheets.

Yes. Run payroll for every group entity from one login, with each entity's own statutory details.

Employees are typically live in 7 days. Your first payroll runs within 15 days, after a test run compared with your previous payroll. Your team is supported on WhatsApp throughout.

Yes. PF, ESI, TDS, PT and LWF are applied by each branch's location, and Professional Tax is covered across 18 states. See statutory compliance.

Yes. Staff loans and advances are recovered from salary automatically, in the instalments you set, and outstanding balances are tracked. See loans and advances.

Yes. TDS is worked out on approved tax declarations, and Form 16 and Form 24Q are generated from payroll data.

Pricing is ₹40–80 per employee per month, depending on the plan. See QkrHR pricing for plan details.
Explore More

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See QkrPayroll on a branch setup.

30-minute demo on test data.

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