Mr. Kameshwara Rao's answer is clear, except the fact that for a factory, the leave encashment is governed by the Factories Act and Rules and similarly for an establishment - the respective S&E Act & Rules. COmpany policy on flexible leave and encashment would be applicable to non-workmen, whose terms are governed by their employment contract.
All employees are eligible for 10 days CL per year As per the Ind. employment (Standing orders) central rule, PL calculated as one PL for every twenty worked days and it will be availed after completion of 240 days.
Encashment is last drawn basic + DA / 26*No. of PL
Industrial Establishment Act or Standing Orders may not apply to all employees. If it is an establishment under the S&E Act, should refer the S&E Act of the relevant State for the number of leaves and break ups
Every organization is following different rules for leaves. As per the essayguard service, it is better to know the leave rules before going to join in any organization. Some companies are strictly following these rules.
Some rules are very useful for a worker who works in a factory but its pay is very small. and his work is very hard that is why I like to praise your efforts to introduce the issues of a factory worker. Assignment Writing Service