Difference between Leaves?
What is the main difference between Earned Leave, Sick Leave and Casual Leave?
In TCS, leaves are allocated to employees on quarterly basis.
Casual leaves Per quarter: 1. 75
Per year: 1.75 *4 = 7 days
Casual leaves cannot be carried forward. These leaves will expire at the end of financial year (March- April)
Sick leaves Per quarter: 2
Per year: 2 * 4 = 8 days
Sick leaves can be carried forward. But maximum leaves that can be carried forward are 44. If you have more than 44, those leaves get lapsed.
Example: if you have 50 sick leaves at the end of financial year, then 44 are carried forward and 6 get lapsed.
Earned leaves Per quarter: 4
Per year: 4 * 4 = 16 days
Earned leave can be carried forward. But maximum leaves that be carried forward are 48 and rest will be encashed.
Example: If you have 55 earned leaves at the end of financial year, then 48 are carried forward and 7 are encashed and added into next month's salary.
22 earned leaves = 1 month basic salary.
Flexi leaves Per year: 2 days
Flexi leaves cannot be carried forward. These leaves will expire at the end of calendar year (December). And fresh leaves will be allocated in January.
Thanks a lot
