Hi,
Mostly there are 3 types of leaves, currently prevailing in the organisations.. the details are as below but it may vary from organisation to organisation...
1. Privilege leaves/ Paid leaves / Earned leaves - 16
2. Casual leaves - 8
3. Sick leaves - 8
Out of these leaves casual & sick leaves can be availed only during that financial year.. whereas Privilege leaves are carried forward to the next financial year.. and these can be encashed.
In some companies it gets encashed on yearly basis whereas in some companies it gets encashed only at the time of separation from the company...
Hope it will be fine with you..
Regards,
Amit Seth.