As per the Factory Act of 1948, leave will be calculated as 1 leave for every 20 days of working. 240 working days will result in approximately 15 days of leave, but the working days should be from the previous year. This means you need to first work for actual 240 days, and then you can enjoy the same.
From India, Chennai
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1From India, Chennai
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Absolutely, what you stated is correct. For every twenty days of working, you need to give one day of earned leave, and 300 days would yield 15 days of leave. Before that, you need to check for eligibility for Earned Leave (EL) as per the Factories Act. Only those who are eligible can avail of EL accrued in the previous year.
From India, New Delhi
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From India, New Delhi
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FACTORIES ACT-leave rules.doc
Factories Act 1948 Leave Rules.jpg