PL means Paid Leave - These are the leave which can be carried forward to next financial year to certain limit for eg. If X company has 10 PL in a year and the Y employee has taken 2 PL in this year then 8 PL will be carried forward to next financial year. Supposing the X company has a condition, that upto 20 PL will be carried forward and rest will be paid on the basis of their Basic salary, then anything more than 20 PL will be paid to the employee along with their salary. Eg. Y Employee has accumulated 25 PL at the end of Financial year then Y will be paid for 5 PLs and 20 PLs will be carried forward. In case Y resigns from X company then he will paid for 25 PL which he has accumulated during his service years.
CL means Casual Leave - These are the leave which employee can anytime during their service years and it is not carried forward. This leave are also not paid to the employees. Maximum the employees can take 1 leave per month
SL means Sick Leave - These employees take when they fall sick and maximum 3 days an employee can take. Anything more than 3 days has to be associated with medical certificate from certified medical practitioners.
Annual Leave - is the Leave that company provides to the employees. These leave varries from company to company. its compulsory leave or National or state holidays eg. Republic day, Good Friday, Diwali, Onam, etc...
These all leave days totally depends on the companies policy. It varies from company to company.
Hope this will help you.
19th April 2017 From India,
AL means Annual leave is paid time off work granted by employers to employees to be used for whatever the employee wishes.
Leave of any kind taken earlier can be converted into leave of any other kind at a later date on an application within 30 days of joining duty after leave by the employee, and at the discretion of the leave sanctioning authority subject to adjustment of leave salary.
But if the company don't have PL then its not possible to convert your leaves.
Paid leaves or Earned leave Calculation = Basic salary/26 days*No of paid leaves or earned leave pending.
20th April 2017 From India,
Under Factories Act-Annual Leave/Privilege leave /Earned leave@1 Day for every 20 days of Work performed in the Previous year-Maximum 15 days Per Annum (calendar Year) No CL, SL as per Act
Under Shops & Comml Establishments Act-Annual Leave/Privilege leave /Earned leave@1 Day for every 20 days of Work Performed in the Previous year-Maximum 15 days Per Annum (Calendar year) and
Accident Cum Sick Leave @ 12 days per Annum (calendar Year)
Annual Leave/Privilege leave /Earned Leave can be carried forward.
National Festival Holidays @10days Per Calendar Year both for factories & Establishments
When you ask specific questions, please give details about type of industry, Registration, Location etcYou
21st April 2017 From India, New Delhi