Error while processing Payroll
While processing Payroll getting an error.
Please lower the loan repayment in IT0045.
His gross pay is 13974 and there is a deduction of Rs.8120/- (including PF ESI and other loans deduction with interest amount) and Nett payable to the employee is 5854/-. Though there is amount payable, the pay roll is not running successfully and the following error occurs.
The same error occured during last month pay roll (May'10) and we have given salary advance and recovered the same in the same payroll and then we were able to process the salary.
Amount deducted per month is 1333.33 even after rounding off getting the same error.