Windows' built-in archive manager is getting better these days. But for more advanced features, you'll likely need a third-party tool. After using 7-Zip for a long time, I found NanaZip.

But while I used to be a WinRAR devotee, 7-Zip has taken the crown as the best option, in my opinion. Both tools feature more advanced controls than Windows' built-in archiving software.

For this, I will be doing this with the help of 7-Zip software. 7-Zip is a free and open source archive manager that lets you compress folders in various formats including ZIP, BZIP2, GZIP ...