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, a PAY CUT is experienced by the employee.
Not necessary every organization will give all 3 leave facilities for its employees.
Some may simply give CL and SL; some may prefer to grant only SL’. All decisions at the discretion of the organization.
Leave Encashment Allowance is also at the discretion of the company.
Thanks n Regards
CA Rajesh Balsara
+91 98670 90679