Contents of the Code on Wages

The Code on Wages, 2019

Section 24. Deductions for recovery of loans

In force since 21 Nov 2025Chapter III — Payment of Wages

Official text

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: The Code on Wages, 2019, Act No. 29 of 2019 — Gazette of India, p. 12 of the PDF. Open our copy at p. 12 · official download · all sources

Explained simply in: Paying wages: deadlines, deductions and fines guide

Commencement In force since 21 Nov 2025

Notification wording (1)
  • S.O. 5322(E), in force from 21 Nov 2025: “sections 1 to 41”