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 .