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Code on Wages Section 24
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The Code on Wages, 2019

Section 24 Deductions for recovery of loans

Chapter
III · Payment of Wages
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.