Deduction of 5% - of basic every month and will contribute an equal amount - company will return after 10 years of service

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Establishment provided this in written or convey it verbally that’s the only question than only conclusion can be drawn. sumit
3rd April 2021 From India, Ghaziabad

Aswath1302

Any deduction which is not authorised under Sec 7 of Payment of Wages Act is a illegal deduction. In this case as employees are forfeiting the amount it is totally illegal
21st April 2021 From India, Chennai

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Deduction of 5% - of basic every month and will contribute an equal amount - company will return after 10 years of service

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