Dear Rashmi,
Please refer to the national festivals and holidays act of your state. You need to follow the provisions of this act.
Roughly speaking, if the employees work on the holiday declared by the company, then they are required to be double wages. If they work on 26th Jan or 15th Aug or 2nd Oct, then they need to be paid with triple wages. These are the general rules. However, as stated earlier, please refer to the act applicable to your state.
Thanks,
Dinesh Divekar