Is there a formula to calculate PRIVILEDGE LEAVE?
My company that works for 6 day a week and our current leave structure is:
PRIVILEDGE LEAVE – 12 DAYS
SICK LEAVE – 6 DAYS
CASUAL LEAVE – 6 DAYS
NATIONAL & FESTIVAL HOLIDAYS – 12 DAYS.
Are we on the right track from the compliance point of view?
Regards,
Mridula
From India, Bangalore
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1My company that works for 6 day a week and our current leave structure is:
PRIVILEDGE LEAVE – 12 DAYS
SICK LEAVE – 6 DAYS
CASUAL LEAVE – 6 DAYS
NATIONAL & FESTIVAL HOLIDAYS – 12 DAYS.
Are we on the right track from the compliance point of view?
Regards,
Mridula
From India, Bangalore
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Dear Mridula,
CL and SL are company-driven, normally ranging from 5-7 days each. Regarding PL, also known as Earned Leave (EL), the calculation is as follows: For Adults, it is 1 day of leave for every 20 days of work, and for Children, it is 1 day of leave for every 15 days of work. These are the provisions of the Factories Act, which states that a year consists of 240 days.
In addition, three national holidays (15 Aug, 26 Jan, 2 Oct) are mandatory to be observed by any company operating in India. Furthermore, depending on the company's policies, additional holidays can be observed.
Regards,
Nilendra
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CL and SL are company-driven, normally ranging from 5-7 days each. Regarding PL, also known as Earned Leave (EL), the calculation is as follows: For Adults, it is 1 day of leave for every 20 days of work, and for Children, it is 1 day of leave for every 15 days of work. These are the provisions of the Factories Act, which states that a year consists of 240 days.
In addition, three national holidays (15 Aug, 26 Jan, 2 Oct) are mandatory to be observed by any company operating in India. Furthermore, depending on the company's policies, additional holidays can be observed.
Regards,
Nilendra
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Hi,
As per the National and Festival Act, the company has to declare a minimum of 9 days of leave, out of which 4 can be National holidays and 5 can be festival holidays.
Normally, the system followed in most companies is 6 days of CL and 7 days of SL. Privilege leave is calculated based on the number of working days in a year.
For employees who work from January 1st, they should have worked for a minimum of 240 days in the year to be eligible for Privilege Leave of PL nature as per Section 87 of the Factories Act.
It is 1 day of PL for every 15 days worked for young persons and 1 day of PL for every 20 days worked for adults.
I hope your query has been clarified.
Regards,
R. Sudhakar
From India
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As per the National and Festival Act, the company has to declare a minimum of 9 days of leave, out of which 4 can be National holidays and 5 can be festival holidays.
Normally, the system followed in most companies is 6 days of CL and 7 days of SL. Privilege leave is calculated based on the number of working days in a year.
For employees who work from January 1st, they should have worked for a minimum of 240 days in the year to be eligible for Privilege Leave of PL nature as per Section 87 of the Factories Act.
It is 1 day of PL for every 15 days worked for young persons and 1 day of PL for every 20 days worked for adults.
I hope your query has been clarified.
Regards,
R. Sudhakar
From India
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FACTORIES ACT-leave rules.doc
Factories Act-Sec.79-Leav e.pdf