on 04-27-2015 6:12 AM
Hello All
We want to have an Loan deduction in W2 of Deduction column but the amount should be minus the amount of Payments and reduce that amount.Below is the example of the requirement
Regular Scenario
W1
Basic 10000
HRA 2500
Conve 800
Oth All3000
Total Earnings 16300
W2
IT 200
Professional Tax 100
Total Deduction 300
Net Pay 16000
Our Requirement
W1
Basic 10000
HRA 2500
Conve 800
Oth All 3000
Total Earnings 15800
W2
IT 200
Professional Tax 100
Study Loan 500
Total Deduction 300
Net Pay=15500
Regards
SK
What is study loan - is it a loan deduction or the loan amt received from the company?
If it is a loan amt / loan deduction, are you entering these in IT 45?
Loan deduction should be in W2 added to total deductions.
Loan amt balance is for employee's information only, whereas the other amt's in W2 or deductions..
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Hi S K,
You can achieve this with using "CUMULATION ID's" in pe51 transaction.
You need add this study loan wage type in payments(Earnings) side and no need to add this study loan wage type in deductions side.
Please check and let me know if in case you need any further clarification.
Regards,
Venkat Polisetty.
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Hello All
Our users dont want in W1 section and they want in W2 section.
Also the deduction mount (T511) should be reduced from the total payment and not from the Total Deduction.
I am not looking for a solution in Payslip but in RT table also.
Because just adjusting in PE51 will lead to failing in Posting.
Regards
SK
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