Dear Maya,
See, It varies from Company to Company so it's not fixup but as per Law, If employee worked for 20 days then it is entitled for 1PL (Paid Leave).....
PL can be carried forward to next year but only 12 PL leave will be transfer from current to Next year and rest of balance will be lapse.
As per PL settlement is concerned, Before 30-Mar-08, We deducted the PF ajdust into the PL but 1-April, 08. Onward, It is not entitled for PF deduction. FnF always calculated on Gross Salary for the current resigned month.
Calculation: Basic+DA/30*No. of PL.
Note:= PL IS ALWAYS CALCULATED ON 30 DAYS NOT 31 OR 29 DAYS.