Hi Krishna,
There are two kinds of holidays:
1. Closed holidays, which are compulsory national holidays, consist of five festivals and four national holidays, i.e., on 26th January, 15th August, 2nd October, and 1st May each year, for every person employed in an Industrial Establishment.
2. Optional holidays: If an industry/organization is spread across different states, to accommodate the local importance of festivals, employees can choose 2 or more holidays, with the total restricted to the number of holidays decided by the company. There is a restriction regarding the minimum compulsory holidays, but there is no such restriction on the maximum number of holidays if the company is very liberal in this regard.
GLN