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Section 24 - Code on Wages, 2019

The Code on Wages, 2019

24. Deductions for recovery of loans.-

Deductions under clause (g) of sub-section (2) of section 18 for recovery of loans granted to an employee, regulating the extent to which such loans may be granted and the rate of interest payable thereon, shall be such as may be prescribed.

Related Sections

Section 42: Central Advisory Board and State Advisory Boards
Section 17: Time limit for payment of wages
Section 8: Procedure for fixing and revising minimum wages
Section 21: Deductions for damage or loss
Section 51: Appointment of Inspector-cum-Facilitators and their powers

Related Acts

Indian Trusts (Amendment) Act, 2016
Central Goods and Services Tax Act, 2017
Banning of Unregulated Deposit Schemes Act, 2019
National Medical Commission Act, 2019
National Bank for Agriculture and Rural Development (Amendment) Act, 2017

* Only for reference.