Privilege Leave (PL), Sick Leave (SL), Casual Leave (CL) limits are set at the discretion of the company. The parameters differ from company to company and country to country. It also depends on the work culture of the organization. Each organization sets a limit on the number of CL, PL, and SL for the employees. Within the set limit, when employees take the leave, they get counted as PAID LEAVE. Any day exceeding the limit set results in a PAY CUT for the employee. It is not necessary that every organization will provide all three leave facilities for its employees. Some may simply offer CL and SL, while some may prefer to grant only SL. All decisions are at the discretion of the organization. Leave Encashment Allowance is also at the discretion of the company.
Thanks and Regards,
CA Rajesh Balsara
+91 98670 90679