Hi Guys
Thanks for your valuable hep last time for Leave quota carry forward issues. I now want another help from from you.
In my project we have a requirement for PF advance. Company will provide PF advance and from the next month onward they will start recovery.
First they will recover the principle amount and at the end of it they will take the interest according to the formula:(Principle amount+ no. of installment) divided by 1/5
I have created a wage type for principle recovery under IT0014. My question is can I do this whole process through payroll by IT0045 and can calculate interest automatically without anual entry in IT0014?
I highly require your valuable suggestion on this?