Do we get compensatory off on working on weekends and is it mandatory to take 2 days off compulsorily in a month

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For the latter, no such rule.
And yes, depending on your team structure, you do get to take a compensatory leave. Basically whatever hours you charge on the WBS for whichever weekend you worked on, that time can be put to use on a working day.
Inform your manager that you’re taking a leave, and use those hours on that day.

Nobody will check which wbs you used whenever you took a leave

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