As per law an employee who works at least for 240 days in the preceding year is eligible for Earned Leave. That means he earns leave by working. If he doesnot avail such leave in the succeeding year he can encash at the end of the year. Year for the purpose of leave calculation is calender year. However, variations not inferior to general rules will be permitted provided the Standing Orders of the company permits. Therefore, if the standing orders (which is certified after getting approval of employees) provides for encashment of EL after two years of service only, then such provision will be valid.
Regards,
Madhu.T.K