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Former Member

Loan Recovery through Regular payroll_Indian PY

Dear Consultants,

I have configured loan payments with using of following steps, Here I am successfully able to create a loan under employee master data, I have selected the loan recovery through regular payroll run. when I checked the payroll there is no effect regarding loan recovery. Can any one help me how we can integrate Loan payments with regular payroll. Is there any PCR correction ? please do needful.

1. Check Table/view V_T7INJ1 for Section 24 deduction details,

2. Table/view V_T7INJ3 for the Loans eligibility check and limits.

3. Table/view V_T7INJ5 for the disbursement schedule.

4. Table/view V_T7INJ6 for the event codes of Loan grouping.

5. Configure feature ALOAN, which will return the grouping.

6. Table/view T506C which will give the loan condition values.

7. Table/view V_T506D

8. Table/view V_T506S,

9. The constants LMNL1, LMNL2 and LONPI should be maintained in the table V_T511k.

10. The constant LMVAL should be maintained in the table V_T511P.

Also check for below points

1. Check that the feature 40LGR is configured for India,

2. Check that the feature 40LSL is configured which will return the Salary components

Thanks & Regards,

Naresh 

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5 Answers

  • Best Answer
    Jun 24, 2014 at 06:49 AM

    Hi Naresh,

    Check the IT45 end date. Balance amount is remaining and it's not recovered the total amount.

    Regards,

    Sankarsan

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    • Former Member Former Member

      Hi Naresh,

      You are maintaining the wrong in the IT 0045.

      in the condition tab after filling all the information, click on the icon calculate end date. it will calculate the end date according to the repayment installment you maintained.

      check the my document i creally stated that.

  • Jun 23, 2014 at 12:59 PM

    Hi Naresh,

    When you are maintaing IT45 details you will get the tab payment method. There you can able to find the payment type from there you select loan payment(payroll). then system will pay the loan amount through regular payroll run.

    Regards,

    Sankarsan

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  • Jun 23, 2014 at 01:18 PM

    Hi ,

    Maintain following note under company loan.

    Company loans-->calculation-->adjust value date.

    Here you will maintain your payroll area, start date & end date and value date is end of period.

    After that when you are going to create loan in IT45 we will go0 to payment tab and there select payment type as i mentioned in my last reply.

    Regards,

    Sankarsan

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  • Jun 24, 2014 at 05:55 AM

    It's ok and will work.

    Close the thread with points.

    Regards,

    Sankarsan

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  • Jun 24, 2014 at 07:09 AM

    U r wc.Close the thread with points.

    Regards,

    Sankarsan

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    • Former Member

      Hi Shankar.

      I have given the points and, hope it will be closed after awarding the points right.

      Regards,

      Naresh