Dear all,
Employee is getting loan on 01.04.2013 of rps 10000 with 5 percent interest for 5 months.
Every month he has pay to payee 2000 rps. Employee is paying the interest on April period only.
When i run the payroll for the 01.04.2013 period interest is not calculating.When i check the payroll log.
But when i run for the other period interest is calculating.
How to solve this?
Loan type = Housing loan.
Regards,
Vijay