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Former Member
Jun 23, 2014 at 12:49 PM

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,