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.

[Sanky]

U r wc.Close the thread with points.

Regards,

Sankarsan

[Former Member]

Hi Shankar.

I have given the points and, hope it will be closed after awarding the points right.

Regards,

Naresh

[Sanky]

It's ok and will work.

Close the thread with points.

Regards,

Sankarsan

[Former Member]

Hi Shankar,

when I am running live payroll this is the error am getting, Is this problem with PCR's?

please do needful.

[Former Member]

Hi Shankar,

Please find the attached described error,

[Sanky]

Hi ,

Maintain following note under company loan.

Company loans-->calculation-->adjust value date.

Here you will maintain your payroll area, start date & end date and value date is end of period.

After that when you are going to create loan in IT45 we will go0 to payment tab and there select payment type as i mentioned in my last reply.

Regards,

Sankarsan

[Former Member]

Hi Shankar,

I have maintained payment type like this, hope it will work. Apart from this do i need to maintain any other configurations?

Regards,

Naresh

[Sanky]

Hi Naresh,

When you are maintaing IT45 details you will get the tab payment method. There you can able to find the payment type from there you select loan payment(payroll). then system will pay the loan amount through regular payroll run.

Regards,

Sankarsan

[Former Member]

Dear Shankar,

When I started maintain Infotype 45 I am able to see below tabs, I am not getting the step that you described above please do needful.