Fresh lifehacks

How do I write a letter to stop deductions?

How do I write a letter to stop deductions?

This is to request you for stopping the deduction of EMI amount from my bank account as my loan has already been repaid completely on __/__/____ (Date) with all interests paid and no EMI is due against the loan but still my account is being deducted every month on __/__/____ (Date) amounting ______ (Amount).

Can a company just deduct money from your salary?

What deductions can an employer legally make from an employee’s salary? Money can only be taken off an employee’s salary if he agrees to it, or if the employer is legally obliged to do so. The employer pays these amounts to the fund; Deductions in terms of a written agreement with the employee to pay back a debt.

How do you inform salary deductions?

Salary Deduction Letter to Employee for Absence To the addressee: We regret to inform you that your salary for the month of September, (Date) will be deducted. We do not take these decisions to deduct salary lightly, and the ruling for this is due to your constant absence. Our employees are an asset to our company.

Are pay deductions illegal?

Both federal and state payroll deductions laws prohibit employers from making wage deductions that are illegal. If an employer has made illegal deductions from an employee’s wages, the employer may file a complaint.

How do you respond to a salary reduction?

Here are some ideas to help you deal with a salary cut:

  1. Talk to your supervisor. It’s a good idea to have an honest conversation with your employer when you find out that you are receiving a salary cut.
  2. Negotiate.
  3. Assess your options.
  4. Maintain excellence.
  5. Look for financial assistance.
  6. Budget.

What is the deduction for salary?

What is Standard Deduction?

Salary Standard Deduction
For salaried employees who were earning an annual income from Rs. 75,000 to Rs. 5 lakhs An amount equal to Rs. 30,000 or 40% of the income, whichever was lower.
For salaried employees who were earning more than Rs. 5 lakhs. An amount of Rs. 20,000.

What can be deducted from salary?

Allowable Deductions

  • Life insurance premium.
  • Equity Linked Savings Scheme (ELSS)
  • Employee Provident Fund (EPF)
  • Annuity/ Pension Schemes.
  • Principal payment on home loans.
  • Tuition fees for children.
  • Contribution to PPF Account.
  • Sukanya Samriddhi Account.

How do I ask HR for salary deduction?

It is humbly requested that two days deduction from my salary be waived down to the one-day deduction which is lawful. Thank you very much for consideration. Respected HR, I am writing to you to lure your attention on an issue that I have been facing from last few months.

Can you withhold pay from an employee?

Is It Ever Legal to Withhold Salary From an Employee? An employer is legally required to issue the pay or salary earned by an employee within the time period stated in their employment contract. An employer cannot hold back an earned paycheck.

How do you say you will accept a lower salary?

The first step is to say thank you. Maintain a respectful tone and tell the hiring manager how much you appreciate them for taking the time to interview you. However, make it clear that the salary they’re offering is too low for you to accept — that you know your worth and you’re willing to stand by it.

Share this post