Is This Leave Policy Fair and Practical? Seeking Your Feedback and Suggestions

rst.hrvasai@gmail.com
Dear Seniors, kindly check if this leave policy is okay or not. Your suggestions are required in this case.

• 2 PL allowed per month, i.e., 24 PL per fiscal.
• These leaves can be carried forward to the next month and thereafter, i.e., 24 leaves can be accumulated in a fiscal.
• These leaves, either per month allowed or accumulated, can be availed in one tranche. However, they shall not exceed 8 leaves in one tranche. With function head approval in case of an emergency, this can be extended up to 15 leaves in one tranche.
• If no leave is availed, these will be considered as lapsed and will not carry forward to the next fiscal. However, 6 leaves are permissible to be carried forward to the next fiscal.
• If 30 leaves of an accumulated nature are attained, this will be automatically paid as per the prevailing basic basis, if not availed.
Srinath Sai Ram
Dear Mr. Bhavesh,

Under which act is the said leave policy framed? There is provision for carry forward of leave to the extent of 2 years' eligibility. Leave encashment is paid on gross salary, not on basic salary alone. Your leave policy should be in conformity with The Factories Act, 1948/The Shops & Commercial Establishments Act.
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