TMI BlogDeductions which may be made from wages.X X X X Extracts X X X X X X X X Extracts X X X X ..... an increment; or (ii) the reduction to a lower post or time-scale; or (iii) the suspension, shall not be deemed to be a deduction from wages in a case where the provisions made by the employer for such purposes are satisfying the requirements specified in the notification issued by the appropriate Government in this behalf. (2) Deductions from the wages of an employee shall be made in accordance with the provisions of this Code, and may be made only for the following purposes, namely:- (a) fines imposed on him; (b) deductions for his absence from duty; (c) deductions for damage to or loss of goods expressly entrusted to the employee for custody; or for loss of money for which h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the appropriate Government and the interest due in respect thereof; (h) deductions of income-tax or any other statutory levy levied by the Central Government or State Government and payable by the employee or deductions required to be made by order of a court or other authority competent to make such order; (i) deductions for subscription to, and for repayment of advances from any social security fund or scheme constituted by law including provident fund or pension fund or health insurance scheme or fund known by any other name; (j) deductions for payment of co-operative society subject to such conditions as the appropriate Government may impose; (k) deductions made, with the written authorisation of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eed fifty per cent. of such wages. (4) Where the total deductions authorised under sub-section (2) exceed fifty per cent. of the wages, the excess may be recovered in such manner, as may be prescribed. (5) Where any deduction is made by the employer from the wages of an employee under this section but not deposited in the account of the trust or Government fund or any other account, as required under the provisions of the law for the time being in force, such employee shall not be held responsible for such default of the employer. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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