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Startup cost of Payroll Software and Payroll Accounting Business

Development of Payroll Software and running Payroll accounting business can be done with well developed software and experienced staff. Office should be in nearby area of Industrial and Commercial places. Different marketing methodologies including advertisements can be used to develop this business. This business can be started with minimum man power and office space of 500 sq. feet or more.



The startup cost including rent of office space, original software, staff, computers and furniture is:

Urban Areas

Commercial Complexes & Business Centers      
Rs. 5,00,000/- (Approx. US$ 10000) to Rs. 25,00,000/- (Approx. US$ 50000)

Other Places                                                 
Rs. 4,00,000/-  (Approx. US$ 8000) to Rs. 20,00,000/- (Approx. US$ 40000)

Semi Urban Areas

Commercial Complexes & Business Centers      
Rs. 3,50,000/- (Approx. US$ 7000) to Rs. 15,00,000/- (Approx. US$ 30000)

Other Places                                                 
Rs. 3,00,000/-  (Approx. US$ 6000) to Rs. 12,00,000/- (Approx. US$ 60000)

Rural Areas
Rs. 2,50,000/-  (Approx. US$ 5000) to Rs. 10,00,000/- (Approx. US$ 20000)

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