I am facing a problem while creating loans. In our client there is a provision for "Bank Loan" in which the employee takes a loan from bank. The employee gets the loan amount externally (not through payroll) but installments get deducted through payroll. Now whenever I am trying to create this scenario through Infotype 45 with a payment type "Loan Payment (payroll)" the loan amount get included into the basic salary. Now my problem is how to create a loan where "Loan Amount" should not be included into payroll but "Repayment" must be deducted from the payroll.
Thnx for your reply. Can you be a little specific? I have checked Infotype 57 but there is only one subtype as per my need. How to make custom subtype for this Infotype and how will it help while creating loan?
On the payments tab of IT0045, there are other payment methods available. Try using the "Third-Party payment" instead of "Loan Payment (payroll)"from the drop down and see if it works.
Thnx for reply, but problem is if I use the option Loan Payment(external), the EMI's are not coming into payroll. What i want is to include loan repayments into Payroll but not the Loan payment amount
I have tested with "Loan payment External" but getting an error in the payroll log - "A loan wage type in table RT should be deducted, however the remaining net amount was too small" .
Loan details are as follows-
1)Loan amount granted is Rs 50000; Repayment instl is Rs. 1640
2) Loan amount granted is Rs 75000; Repayment instl is Rs. 3200
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