Loan Recovery through Regular payroll_Indian PY

[Former Member]

Dear Consultants,

I have configured loan payments with using of following steps, Here I am successfully able to create a loan under employee master data, I have selected the loan recovery through regular payroll run. when I checked the payroll there is no effect regarding loan recovery. Can any one help me how we can integrate Loan payments with regular payroll. Is there any PCR correction ? please do needful.

1. Check Table/view V_T7INJ1 for Section 24 deduction details,

2. Table/view V_T7INJ3 for the Loans eligibility check and limits.

3. Table/view V_T7INJ5 for the disbursement schedule.

4. Table/view V_T7INJ6 for the event codes of Loan grouping.

5. Configure feature ALOAN, which will return the grouping.

6. Table/view T506C which will give the loan condition values.

7. Table/view V_T506D

8. Table/view V_T506S,

9. The constants LMNL1, LMNL2 and LONPI should be maintained in the table V_T511k.

10. The constant LMVAL should be maintained in the table V_T511P.

Also check for below points

1. Check that the feature 40LGR is configured for India,

2. Check that the feature 40LSL is configured which will return the Salary components

Thanks & Regards,

Naresh 

[Sanky · Accepted solution]

Hi Naresh,

Check the IT45 end date. Balance amount is remaining and it's not recovered the total amount.

Regards,

Sankarsan

[Former Member · Accepted solution]

Hi Shankar,

I have given the startdate and enddate same, as given in the attachment. Is this the problem?

[Former Member · Accepted solution]

You are right Shankar,

When creating Infotype45 Start date and end date should not be the same. Now am able to see the Loan payment through regular payroll. as below. 

Thanks a lot for help Shankar.

Regards,

Naresh.KM

[Former Member · Accepted solution]

Hi Naresh,

You are maintaining the wrong in the IT 0045.

in the condition tab after filling all the information, click on the icon calculate end date. it will calculate the end date according to the repayment installment you maintained.

check the my document i creally stated that.