Section 38
Deduction of certain amounts from bonus payable.
About this Act
An Act to amend and consolidate the laws relating to wages and bonus and matters connected therewith or incidental thereto.
Where in any accounting year, an
employee is found guilty of misconduct causing financial loss to the employer, then, it shall be lawful for
the employer to deduct the amount of loss from the amount of bonus payable by him to the employee
under this Code in respect of that accounting year only and the employee shall be entitled to receive the
balance, if any.