Understanding Loan and Advance Deductions
This section discusses:
Delivered loan and advance deductions.
Viewing delivered elements.
Global Payroll for India delivers the following deductions to process loans and advances:
LOAN
Use the LOAN deduction to calculate and deduct loan repayment amounts from an employee's pay.
ADVANCE
Use the ADVANCE deduction to calculate and deduct advance repayment amounts from an employee's pay.
PeopleSoft Global Payroll delivers a query that you can run to view the names of all delivered elements designed for India. Instructions for running the query are provided in PeopleSoft Global Payroll .