finance manager
25 Points
Joined June 2008
During the period of training, an articled / audit clerk is entitled for leave earned @ one-seventh of the actual period served, excluding from such period, the period for which he has been on leave.
For eg. in 3.5 years of training a person has taken leave of 8 months leave allowed would be
1260(3.5*12*30) - 240 (8*30) / 7 = 145
In this case leave allowed is 145 days but leave taken is 240 days so his articleship would be extened for a period of 95 days (240-145)
Source https://icai.org/post.html?post_id=135