The Code on Wages, 2019 · III — PAYMENT OF WAGES

Section 24. Deductions for recovery of loans

In force · As amended up to 2026-08

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.

Source: India Code