Advances To Employees

i. Computation

Employees can take advances or loans through Cooperative loans of which data is maintained by the Accounts Departmant at Budgebudge. The loan amount is then deducted in installments from the employees Salary every month.

The Accounts Department at Budgebudge informs the Payroll Department about loan taken and the amount to be deducted from the salaries over call accordingly it is deducted