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Former Member
May 15, 2013 at 12:01 PM

Loan interest is not coming for the first period

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Dear all,

Employee is getting loan on 01.04.2013 of rps 10000 with 5 percent interest for 5 months.

Every month he has pay to payee 2000 rps. Employee is paying the interest on April period only.

When i run the payroll for the 01.04.2013 period interest is not calculating.When i check the payroll log.

But when i run for the other period interest is calculating.

How to solve this?

Loan type = Housing loan.

Regards,

Vijay