Depending on the nature of the industry and organization, employees work either a 5-day or a 6-day week. In a 5-day workweek, employees have 2 days of paid holiday (Saturday and Sunday), while in a 6-day workweek, employees get 1 day of paid holiday (Sunday).
Understanding Holidays and Leave
Let's separate what constitutes a holiday from leave. Holidays are fixed by the organization along with national holidays. Leaves are what employees choose to take based on personal reasons, and these leaves are earned by the employee based on the number of years or months they have worked. If leaves are encashed, one day of leave would be equal to one day's salary.
Weekend holidays and national holidays are paid holidays. Only the working days can be considered as leave.
Hence, if an employee works in a 5-day environment and takes Friday to Monday as leave, they will not work for 4 days, which includes 2 days of leave (Friday and Monday) and 2 days of paid holiday (Saturday and Sunday).
Assuming that the employee goes on leave on Friday and comes back on Wednesday, where Saturday and Sunday are weekend paid holidays, and also assuming Tuesday is a national holiday, then the actual leave taken by the employee is on Friday and Monday.
One fellow member has written in this forum that if an employee is on leave for one month and has one month's leave in their balance, then the entire month would be paid as salary. This is because leave would be considered only for 22 working days, and the rest are weekend holidays. If there are any national holidays declared by the organization in that month, those would be deducted from the total leave taken.
Considering that the employee does not have leave and would go for Loss Of Pay (LOP), then the entire month would be LOP, which also includes the paid holiday.
Hope this clarifies.