Is It Legal for Employers to Deduct a Security Deposit from Monthly Salaries?

raghav-sharma1

Is the Security Deposit of the employee’s monthly salary legal?
21st October 2022 From India, Ludhiana

Acknowledge(0)

Amend(0)

Add Reply → Start New →

Madhu.T.K

4526

It is illegal to hold any part of the salary of the employees as security deposit.
22nd October 2022 From India, Kannur

Acknowledge(1)

Pvenu1953@gmail.com/Kochi, India/Retired Government Servant/advocate

Amend(0)

CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.

Other Discussions That May Be Relevant

Understanding security deposits and salary deductions in employment practices
Can any organization retain some part of our salary as security or retention amount and the amount shall be given to the employee upon successful completion of the probation period....
20 Replies 0 Files 14 Participants

Not able to serve one month's notice period - my organization kept my first-month's half salary as a security deposit
Hi my organization kept my first month s half salary as a security deposit. now i am switching jobs and am unable to serve the one month notice period. they...
4 Replies 0 Files 5 Participants

Managing employee security deposits: policies and best practices
My company asks all employees to enter into an agreement upon joining. they request a two month salary as a security deposit. this deposit is to be refunded once the...
5 Replies 0 Files 4 Participants

Employee equipment management and security deposit practices discussion
Hi my company is providing laptops and blackberry phones to all rm level and above employees. do companies retain some security amount for people during the probation period or even...
3 Replies 0 Files 4 Participants

Validity of security deposit practice in employment: legal analysis and employee rights
I have recently shifted to a new job. in this organization we have a procedure to take a security deposit for 1 month ctc from all new joiners. it will...
6 Replies 0 Files 5 Participants

Employee not agreeing to rules of organisation - security deposit
Hi all we are a medium scale manufacturing company of engineering materials. one employee joined our organization on the 17th of july. at the time of his joining and during...
11 Replies 0 Files 8 Participants

Taking a blank security deposit cheque from employee to give him a chance after negative background verification - guide us on the format and if[..]
Dear all we hired an employee and received negative feedback on employment verification. later we found out that he had been terminated from four companies before us for the same...
10 Replies 0 Files 6 Participants

Related Files & Downloads Shared By Members

 Employee Salary file - India 2016 AB.xls

 Security Deposit.pdf

 Employee Appraisal Form new.doc

Is It Legal for Employers to Deduct a Security Deposit from Monthly Salaries?

Human Resource Management (HRM) Community Journal & KnowledgeBase (Entry: 637305)

TOP ENTRIES ON SUBJECT

Interest Tags

Trending Tags

Is It Legal for Employers to Deduct a Security Deposit from Monthly Salaries?

Login Or Register

Human Resource Management (HRM) Community Journal & KnowledgeBase (Entry: 637305)

TOP ENTRIES ON SUBJECT