You need to create a salary advance deduction pay head to record advance/loan given to an employee from their salary.
Path: Gateway of Tally -> Payroll Info -> Pay Heads -> Create
Name: Salary Advance Deduction
Pay head type: Select Loans and Advances from the list of pay head types
Under: Select Loans & Advances (Asset) from the list of groups
Affect net salary: Yes
Name to be displayed in payslip: Salary Advance Deduction
Currency of ledger: ₹
Calculation type: As user defined value
Press enter to save the screen
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