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How Loan perk calculate automatically if entry exist in infotype 0045--Payroll India

Dear Experts,

I am dealing with an issue. Loan perk is required to be automatically calculated. Perk amount will be the difference between the SBI Interest Rate (18.5%) and interest charge by company(0%).

Kindly help me out what all changes required to be made in infotype 0045 entry and in schema IN00(copied to 1000).

Regards

Bindu P.

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1 Answer

  • Oct 21, 2016 at 06:29 AM

    Hello Bindu

    Please check if any customsing is changed in "Ref.Int.Rate" in V_T506D

    /3J1 is calculated on the interest accrued on the loan. Please note that the interest will be calculated at the start from NEXT month on

    which the loan is approved and on the last date of the month in which loan balance is remaining. This is the standard system behavior.

    Kindly check SAP note 449302 - Loans - Taxation of Loan Interest Subsidy for more details

    Thanks and Kind Regards

    Ramana

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