HI!
Please find few details of the leave policy which we follows. I am also in a IT company.
Leave calendar starts from January to December.
Date of commencement of service will be used as the basis for calculating Leave.
Casual Leave (CL)
Entitlement: 7 days. For all employees
· Will not be utilized for going on a vacation.
· Is being provided for meeting emergencies of a personal nature for which planning cannot be done.
· Cannot be availed for more than 2 days at a stretch.
· Tax incidence if any will be born by the employees.
· Cannot be encashed
· Cannot be accumulated.
Sick Leave (SL)
Entitlement: 5 days. For all employees
· Beyond 2 days requires a doctor’s certificate.
· Cannot be encashed.
· Cannot be accumulated.
Privilege Leave (PL)
Entitlement: 21 days. For all employees
- On completion of every quarter 5 leave will be credited to employee account(in 3rd quarter - 6 leaves)
- Employee must avail all leaves in a calendar year. The leave will be carried forward for two years.
- PL can be prefixed/suffixed with holidays. However, holidays, which fall during the PL days, shall be taken in to account for determining the total PL taken.
- Can be encashed.
- Tax incidence if any will be born by the employee.
Maternity Leave (ML)
Entitlement: 90 days. For female employees only
- On completion of 240 working days, will be credited to female employee account.
- Employee is given 90 days ML twice in one year
- ML must be taken much in advance and it should be 6 weeks before and after the expected date of delivery.
- Cannot be encashed & accumlated.
Comp Off:
Entitlement: For all employees
- In lieu of working on holidays / weekly off and completion of the extra working days.
- Cannot be encashed.
- Can be accumulated till the completion of Quarter.
- Eligible for all grades.
Hope this might have helped you out.
Chitra Sharma