Dear Experts,
I have come across a very weird scenario. In IT45, for eg., if an employee is taking loan of Rs. 570, 614, with effect from 01.01.2014. Now for 2 months, deduction is done @ Rs. 22500. So, Jan - Rs. 22500 + Feb - Rs. 22500 = 45000. Same is being maintained in Payment Tab in IT45, same is been seen in IT78, and the same amount is deducted aga in RT as well. But in Loan Balance Amount it is showing as 0. Please find below screen shot for the same:
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Image may be NSFW.
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Image may be NSFW.
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Here March Amount is also displayed, though payroll for march is still not yet run. So deduction has been made till Feb. As per my understanding, in Basic Data Tab, Loan Balance Amount becomes 0.00 in two cases:
1. If complete loan is paid as on date in RT.
2. If in Payment Tab Complete amount is added as Loan Payment (External), though in condition tab deduction amount will be entered and same will be deducted every month.
Why in this case Loan balance amount is coming as 0?
Please help solve my query.
Thanks and Regards,
Bhagyashree
