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In a simple and clear answer point of view, we can say "No". Paytm Money is not better than Zerodha. Just don't compare brokerage, brokerage is a very small amount when you do trading.
Both brokers offer Free delivery trade, Zerodha is charging Max Rs 20 and Paytm Money is charging Max Rs 10.
Zerodha's policy is very clear, they always have an account opening fee and Demat AMC. But other than this company is not charging any extra fees/charges.
Where Paytm Money is offering Free Trading and Demat account, but charging Rs 200 for Digital KYC (Which is nothing but account opening charges) and Rs 300 for platform fee which is equal to Zerodha Demat AMC.
So if I compare Zerodha and Paytm Money on account opening charges and AMC, you will end up paying the same amount PA.
Platform wise Zerodha has must better and robust trading platform. Zerodha Kite and Coin both are in-house developed platforms. Both Web and Mobile trading platforms are well integrated with some external software. Zerodha has a very strong hold in ALGO trading.
Where Paytm Money is quite new at this point and provides basic trading software.
In summary, Paytm Money is using Paytm's brand name, but compared to Zerodha they are far behind in the trading/ brokerage business. Paytm Money is good for investor and beginners to start trading journey. Zerodha is good for all type of investor. Please use below link to Open Account with Zerodha.