Thanks Mr.Dey
All loans which are given to employees (with interest)Interest should not get deducted from the employee salary.This is calculated as Perks and taxed accordingly.Under Maintain Loan type there are 2 conditions already existing a)With Interest and b)Without interest and in table V_t506d under interest in Ref int rate we have configured the applicable rate.So this is working fine say for Housing loan etc.When i am copying the same for Festival advance its not working.
Pl note INTEREST should not be calculated and recovered from employees salary.This should be treated as PERKS and should appear under PERKS column in payslip.
Request your help
Thanks and Regards