Deduction at time of leave

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Guest

Guest (Querist)

10 February 2015 Can a firm deduct stipend for the leave taken in a particular month?

Amol S Joglekar

Amol S Joglekar (Expert)
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10 February 2015 If the leave is in within the limit as prescribed, then no deduction be made.

Guest

Guest (Querist)

10 February 2015 Actually our firm has got this new rule that an article taking even a single leave, their proportionate stipend will be deducted. So is that allowed according to rules?

Amol S Joglekar

Amol S Joglekar (Expert)
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10 February 2015 rules? Hope you are referring to ICAI rules.

The stipend need not be proportionately deducted if the LEAVE falls within the permissible limit as laid down by ICAI. (one day leave for every 6 days worked)

Guest

Guest (Querist)

10 February 2015 Yes I was referring to ICAI rules. I think my query is solved. Thank you very much sir! Have a great day :)

Amol S Joglekar

Amol S Joglekar (Expert)
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11 February 2015 You are most welcome.
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