banner_ad

Staff fund deduction

This query is : Resolved 

02 August 2013 In the same loop of my previous query.

A STAFF FUND of Rs. 750 has also been deducted.

Is it legal to deduct Staff fund. The only condition for return of Staff fund is You have to Give 3 months Notice before leaving the Job.

So, its not sure whether amount collected every month over the years will be returned or not.

whether its legal to deduct such fund?



02 August 2013 ITS DEPEND ON APPOINTMENT OF EMPLOYEE CONDITION, AND
IF EMLOYEE NOT GIVEN NOTICE BEFORE LEAVING THE JOB
THE YOU CAN FORFEIT THE AMOUNT

IT IS NOT A LEGAL DEDUCTION.


03 August 2013 Thank You Sir

My appointment letter did not had such condition. I am working at Silicon Institute of Technology, Bhubaneswar, Odisha(www.silicon.ac.in). I working since 10th June, 2011 here. But this June on wards A staff fund of Rs. 750 is being deducted.

This Institution is since 2000, and has 389 Employees and is deducting this Staff Fund from every employee.

If its not legal, what can I do to take step against this.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details