Applicable Deductions Clause Samples
The "Applicable Deductions" clause defines which amounts or items may be subtracted from a payment, fee, or other sum due under the agreement. In practice, this clause specifies the types of deductions that are permitted, such as taxes withheld, prior payments, or authorized expenses, and may outline the process for calculating or documenting these deductions. Its core function is to ensure transparency and agreement between the parties regarding what can be legitimately deducted, thereby preventing disputes over payment amounts and clarifying financial obligations.
Applicable Deductions. Employee contribution to PF / Professional Tax / Applicable Income Tax / Any other Statutory deductions
Applicable Deductions. To the extent permitted by applicable law, any amounts due or payable to Employee under this Agreement will be subject to deductions for any amounts owed by Employee to the Company, including, but not limited to, any outstanding advances, loans, or other money owed.
Applicable Deductions. “Pool” Not Individual It is further acknowledged that the Applicable Deductions are a single “pool” established solely for the determination of the Net Profits.