Chapter IV: Leave with Pay and Payment of Wages
18. Leave.
(1) Every worker shall be allowed a weekly holiday with wages.
(2) Every worker shall be entitled to eight days of casual leave with wages in every calendar year, which shall be credited to the worker's account on a quarterly basis but shall lapse if unavailed at the end of the year.
(3) Every worker who has worked for a period of two hundred and forty days or more in an establishment during a calendar year shall be allowed, during the subsequent calendar year, leave with wages for a number of days calculated at the rate of one day for every twenty days of work performed by him during the previous calendar year.
(4) Subject to the provision of clause (3), every worker who has been employed for not less than three months in any year shall, for every sixty days on which he has worked during the year, be allowed leave, consecutive or otherwise, for a period of not more than five days.
(5) Every worker shall be permitted to accumulate earned leave up to a maximum of forty-five days.
(7) A worker shall be entitled to eight paid festival holidays in a calendar year, namely, 26th January, 1st May, 15th August, and 2nd October, and four such other festival holidays as may be agreed upon between the employer and the workers as per the nature of the business before the commencement of the year.
A reading of the Maharashtra Shops and Establishment Act 2017 is essential for every HR official. If you read it, many basic doubts will be cleared. I have provided an extract of the bare act above, which should answer your query.