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Former Member

Company loan - infotype 0045 - Payroll India

Hi all,

Customer has configured the loan wage type and which is to be processed through payroll run (payroll India). The problem is when they checked the salary slip, the

interest amount is also getting deduted from net payment. As interest is free, should not be added or deducted, this is purely for perquisite purpose.

In simple way what they want is, for example: an amount of Rs. 50000/12 = 4166.66 should be the installment for 12 month and 489.58 should be interest which should cumulate in perk colum and should not get deducted from net pay of employee.

Does somebody know how to customize this?

Thanks in advance for your help!

Daniela.

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2 Answers

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    Former Member
    Oct 16, 2008 at 05:14 AM

    Hi Daniel,

    Can you send your proper requirement to my id, check business.card

    Surya

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    Former Member
    Oct 20, 2008 at 09:37 AM

    1. Go to img->company loans->master data->maintain loan types

    2. Select the required loan type and double click on the "conditions" tree node

    3. In the conditions screen, put debit interest as zero and fill the rate of interest that has to perked in "Ref.Int.Rate" field.

    4. Select appropriate interest calculation method

    5. Tick the "Interest.Adv" check box.

    Pls try the above and see whether this meet your requirement.

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