Loan Interest calculation( deduction) after closed

[Former Member]

Dear Gurus,

Please Advised i want to deduct Loan interest after loan closed.

Eg-one employee loan period from 01.01.2009 to 31.10.2009 amount is 10000. Every month i deduct 1000 rs from monthly.

My client want the 5% interest deduct after the loan closed. mean next two months 01.11.2009 to 31.12.2009.

Please Advised how to deduct the loan interest after closed the Loan.( Next two, three months)

Please Advised

regards

MHPO

[Former Member]

Hi,

Create a Wagetype like Int on loans under IT0015 as a deduction and enter the period to deduct. OR enter the same in IT0014 and mention the pay periods for which the amout should deduct. Calculate it manually and enter the amount.

Thanks,

Vasu.

[Former Member]

how to deduct automatically?

regards

mhpo

[Former Member]

Solved

[Former Member]

Please let us know how you did it?

[Former Member]

?