Royal Commission on Labour in India: Report(1929)||
Another form of security is given to the money-lender in the power to attach employees' contributions to provident funds. In the case of provident funds maintained for their employees by Government and local bodies, these contributions are apparently protected from attachment; but no similar security is given in the case of funds maintained by private employers. So long as the fund is a bonafide one, there seems no reason why the same security should not be granted. We recommend that in the case of funds certified by Government for this purpose, the contributions of workers should be safeguarded. We understand that the rules of funds are in a number of cases scrutinised for income-tax purposes, and it should not be difficult to distinguish the genuine funds and, if it is decided to grant exemption only to industrial workers, to limit certificates to funds catering for them.