#Leave Policy for Service Industry in India #Leave Types and Legal Framework: 1. Casual Leave: Typically limited to 10 days per year, this leave is granted for specific circumstances. 2.Sick Leave: Allocated for health-related issues when employees are unfit to work. 3. Annual Leave (Earned Leave): Mandated by law, Indian employees are entitled to 15 days of annual leave per year. 4. Maternity Leave: Female employees receive 26 weeks of maternity leave. 5. Paternity Leave: Male employees can take up to 15 days of paternity leave. 6. Bereavement Leave: Granted during immediate family deaths. 7. Compensatory Leave: Given for working extra hours beyond regular schedules. 8. Study Leave: Allows employees to pursue education or relevant training. #Leave #Encashment #Policy: - Employees can choose to encash a portion of their unused earned leave annually. The encashment rate is typically based on the employee's basic salary and the number of days of leave being encashed. - The maximum limit for leave encashment is usually capped at 30 days per year. - Tax implications apply to leave encashment, and it is subject to applicable deductions. #Legal Acts Governing Leave Policies: 1. Industrial Dispute Act (1947) 2. Factories Act (1948) 3. Shop and Establishment Act 4. Maternity Benefit Act (1961) 5. Paternity Benefit Act (2017) #Gazetted Holidays in 2024: 1. Republic Day (January 26) 2. Holi (March 25) 3. Good Friday (March 29) 4. Id-ul-Fitr (April 11) 5. Ram Navmi (April 17) 6. Mahavir Jayanti (April 21) 7. Buddha Purnima (May 23) 8. Id-ul-Zuha (June 17) 9. Independence Day (August 15) 10. Janamashtami (August 26) 11. Milad-un-Nabi (September 16) 12. Gandhi Jayanti (October 2) 13. Dussehra (October 12) 14. Diwali (October 31) 15. Guru Nanak Jayanti (November 15) 16. Christmas (December 25) #Police #design #by : #Pravin #Parmar (#HR #professional) Remember to customize this policy based on your company's specific needs and consult legal experts to ensure compliance. 🌟
Good information and knowledge shared for all herein.
Thank you for sharing
Manager - HR at ReJET Tech.
4moVery informative