Rule 20: Deduction for recovery of loans:–– As per section 24, deductions for recovery of loans granted

Rule 20 — Sets the legal controls for deduction for recovery of loans:–– as per section 24, deductions for recovery of loans granted, including permitted grounds and any express limits in the provision. Key operative text: and the interest due in respect thereof shall be as per extant instructions or guidelines of the Central Government regulating the extent to which such loans may be granted and the rate of interest that shall be payable thereon.

Full notified rule textG.S.R. 343(E), 8 May 2026Source checked: 20 August 2026

Rule status

Code on Wages (Central) Rules, 2026 were finally notified under G.S.R. 343(E), 8 May 2026. The Central Rules must be read with the Code and any later amendment/corrigendum.

Official Gazette

Open the notified Rules ↗

Finin2min analysis — operative rule mechanics

Operative clauses

and the interest due in respect thereof shall be as per extant instructions or guidelines of the Central Government regulating the extent to which such loans may be granted and the rate of interest that shall be payable thereon.

Provisos / explanations

No proviso/explanation was separately extracted from this rule.

Thresholds & timelines

No explicit day/month/year/hour/percentage/rupee expression was detected in this rule text.

Mapped Code sections

Section 24

Full notified text — Rule 20

English rule text transcribed from the final official 2026 Gazette PDF; layout is normalised for web reading. The Gazette controls.

20. Deduction for recovery of loans:–– As per section 24, deductions for recovery of loans granted
 and the interest due in respect thereof shall be as per extant instructions or guidelines of the Central
 Government regulating the extent to which such loans may be granted and the rate of interest that
 shall be payable thereon.

                                                 CHAPTER V

                                          P AYMENT OF BONUS

Application and evidence

Primary statutory test — and the interest due in respect thereof shall be as per extant instructions or guidelines of the Central Government regulating the extent to which such loans may be granted and the rate of interest that shall be payable thereon.
Code Section mapping — 24. Read the mapped provision together with this text rather than treating the concordance as a substitute for it.

Cross-references & prescribed forms

Sections cited/mapped

Section 24

Forms

No form is directly mapped in the current rule register.

Worked example

When an event triggers deduction for recovery of loans:–– as per section 24, deductions for recovery of loans granted, record the trigger date, competent authority, prescribed rule/form, filing or decision step, service/acknowledgement and final outcome. A statutory point to test is: “and the interest due in respect thereof shall be as per extant instructions or guidelines of the Central Government regulating the extent to which such loans may be granted and the rate of interest that shall be payable thereon.” Reconcile the mapped Code Section(s) 24.

Illustrative only. Use the exact notified rule, prescribed form and competent authority.

Q&A — Rule 20

What is Rule 20 of the Code on Wages (Central) Rules, 2026?

What does Rule 20 require or permit?

A principal operative clause extracted from the notified rule is: “and the interest due in respect thereof shall be as per extant instructions or guidelines of the Central Government regulating the extent to which such loans may be granted and the rate of interest that shall be payable thereon.” Read it with all sub-rules and provisos below.

Does Rule 20 contain a proviso or explanation?

No standalone proviso or explanation was extracted from this rule text. Check the complete rule below for clause-level conditions.

What deadline, period, percentage or amount appears in Rule 20?

No explicit day/month/year/hour/percentage/rupee expression was detected in this rule text.

Which Code sections are linked to Rule 20?

The current concordance maps Rule 20 to Section(s) 24.

When did Rule 20 come into force?

The final Central Rules were notified as G.S.R. 343(E), 8 May 2026; Rule 1 states that the Rules come into force on publication. Check any later amendment or corrigendum before reliance.

Primary sources

Code on Wages (Central) Rules, 2026 — official Gazette PDF ↗

Code on Wages, 2019 — India Code ↗

Source check: 20 August 2026.

Jurisdiction note: This is the Central Rule corpus. Check State rules/notifications where the State Government is the appropriate Government and check later Gazette amendments before acting.