diff --git a/erpnext/hr/doctype/employee/employee.py b/erpnext/hr/doctype/employee/employee.py
index a2b56fcb82a..db580f4d157 100755
--- a/erpnext/hr/doctype/employee/employee.py
+++ b/erpnext/hr/doctype/employee/employee.py
@@ -227,3 +227,16 @@ def get_employees_who_are_born_today():
 		from tabEmployee where day(date_of_birth) = day(%(date)s)
 		and month(date_of_birth) = month(%(date)s)
 		and status = 'Active'""", {"date": today()}, as_dict=True)
+
+def get_holiday_list_for_employee(employee, raise_exception=True):
+	employee = frappe.db.get_value("Employee", employee, ["holiday_list", "company"], as_dict=True)
+	holiday_list = employee.holiday_list
+
+	if not holiday_list:
+		holiday_list = frappe.db.get_value("Company", employee.company, "default_holiday_list")
+
+	if not holiday_list and raise_exception:
+		frappe.throw(_("Please set a Holiday List for either the Employee or the Company"))
+
+	return holiday_list
+
diff --git a/erpnext/hr/doctype/holiday/holiday.json b/erpnext/hr/doctype/holiday/holiday.json
index 091dd13ef1e..131215ca69a 100644
--- a/erpnext/hr/doctype/holiday/holiday.json
+++ b/erpnext/hr/doctype/holiday/holiday.json
@@ -6,32 +6,8 @@
  "custom": 0, 
  "docstatus": 0, 
  "doctype": "DocType", 
+ "document_type": "Setup", 
  "fields": [
-  {
-   "allow_on_submit": 0, 
-   "bold": 0, 
-   "collapsible": 0, 
-   "fieldname": "description", 
-   "fieldtype": "Text Editor", 
-   "hidden": 0, 
-   "ignore_user_permissions": 0, 
-   "in_filter": 0, 
-   "in_list_view": 1, 
-   "label": "Description", 
-   "length": 0, 
-   "no_copy": 0, 
-   "permlevel": 0, 
-   "print_hide": 0, 
-   "print_hide_if_no_value": 0, 
-   "print_width": "300px", 
-   "read_only": 0, 
-   "report_hide": 0, 
-   "reqd": 1, 
-   "search_index": 0, 
-   "set_only_once": 0, 
-   "unique": 0, 
-   "width": "300px"
-  }, 
   {
    "allow_on_submit": 0, 
    "bold": 0, 
@@ -40,6 +16,7 @@
    "fieldtype": "Date", 
    "hidden": 0, 
    "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
    "in_filter": 0, 
    "in_list_view": 1, 
    "label": "Date", 
@@ -56,6 +33,32 @@
    "search_index": 0, 
    "set_only_once": 0, 
    "unique": 0
+  }, 
+  {
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "fieldname": "description", 
+   "fieldtype": "Text Editor", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_list_view": 1, 
+   "label": "Description", 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "print_width": "300px", 
+   "read_only": 0, 
+   "report_hide": 0, 
+   "reqd": 1, 
+   "search_index": 0, 
+   "set_only_once": 0, 
+   "unique": 0, 
+   "width": "300px"
   }
  ], 
  "hide_heading": 0, 
@@ -67,7 +70,7 @@
  "issingle": 0, 
  "istable": 1, 
  "max_attachments": 0, 
- "modified": "2016-01-27 11:52:46.864792", 
+ "modified": "2016-03-11 06:39:10.913467", 
  "modified_by": "Administrator", 
  "module": "HR", 
  "name": "Holiday", 
diff --git a/erpnext/hr/doctype/holiday_list/holiday_list.js b/erpnext/hr/doctype/holiday_list/holiday_list.js
new file mode 100644
index 00000000000..43ddfea493c
--- /dev/null
+++ b/erpnext/hr/doctype/holiday_list/holiday_list.js
@@ -0,0 +1,14 @@
+// Copyright (c) 2016, Frappe Technologies Pvt. Ltd. and contributors
+// For license information, please see license.txt
+
+frappe.ui.form.on('Holiday List', {
+	refresh: function(frm) {
+
+	},
+	from_date: function(frm) {
+		if (frm.doc.from_date && !frm.doc.to_date) {
+			var a_year_from_start = frappe.datetime.add_months(frm.doc.from_date, 12);
+			frm.set_value("to_date", frappe.datetime.add_days(a_year_from_start, -1));
+		}
+	}
+});
diff --git a/erpnext/hr/doctype/holiday_list/holiday_list.json b/erpnext/hr/doctype/holiday_list/holiday_list.json
index ed6bea47818..ea416543bdd 100644
--- a/erpnext/hr/doctype/holiday_list/holiday_list.json
+++ b/erpnext/hr/doctype/holiday_list/holiday_list.json
@@ -35,30 +35,6 @@
    "set_only_once": 0, 
    "unique": 0
   }, 
-  {
-   "allow_on_submit": 0, 
-   "bold": 0, 
-   "collapsible": 0, 
-   "fieldname": "is_default", 
-   "fieldtype": "Check", 
-   "hidden": 0, 
-   "ignore_user_permissions": 0, 
-   "ignore_xss_filter": 0, 
-   "in_filter": 0, 
-   "in_list_view": 1, 
-   "label": "Default", 
-   "length": 0, 
-   "no_copy": 0, 
-   "permlevel": 0, 
-   "print_hide": 0, 
-   "print_hide_if_no_value": 0, 
-   "read_only": 0, 
-   "report_hide": 0, 
-   "reqd": 0, 
-   "search_index": 0, 
-   "set_only_once": 0, 
-   "unique": 0
-  }, 
   {
    "allow_on_submit": 0, 
    "bold": 0, 
@@ -222,7 +198,7 @@
  "issingle": 0, 
  "istable": 0, 
  "max_attachments": 0, 
- "modified": "2016-03-07 05:54:39.627872", 
+ "modified": "2016-03-11 05:26:24.819829", 
  "modified_by": "Administrator", 
  "module": "HR", 
  "name": "Holiday List", 
diff --git a/erpnext/hr/doctype/holiday_list/holiday_list.py b/erpnext/hr/doctype/holiday_list/holiday_list.py
index 309e7e0f533..0412624d391 100644
--- a/erpnext/hr/doctype/holiday_list/holiday_list.py
+++ b/erpnext/hr/doctype/holiday_list/holiday_list.py
@@ -3,8 +3,8 @@
 
 from __future__ import unicode_literals
 import frappe
-
-from frappe.utils import cint, getdate
+import json
+from frappe.utils import cint, getdate, formatdate
 from frappe import throw, _
 from frappe.model.document import Document
 
@@ -12,8 +12,6 @@ class OverlapError(frappe.ValidationError): pass
 
 class HolidayList(Document):
 	def validate(self):
-		self.update_default_holiday_list()
-		self.validate_time_period()
 		self.validate_days()
 
 	def get_weekly_off_dates(self):
@@ -32,31 +30,12 @@ class HolidayList(Document):
 
 
 	def validate_days(self):
-		for day in self.get("holidays"):
-			if not self.from_date <= day.holiday_date <= self.to_date:
-				frappe.throw("Date not between From Date and To Date")
-	
-	def validate_time_period(self):
 		if self.from_date > self.to_date:
 			throw(_("To Date cannot be before From Date"))
 
-		existing = frappe.db.sql("""select holiday_list_name, from_date, to_date from `tabHoliday List`
-			where
-			(
-				(%(from_date)s > from_date and %(from_date)s < to_date) or 
-				(%(to_date)s > from_date and %(to_date)s < to_date) or 
-				(%(from_date)s <= from_date and %(to_date)s >= to_date))
-			and name!=%(name)s""",
-			{
-				"from_date": self.from_date,
-				"to_date": self.to_date,
-				"name": self.holiday_list_name
-			}, as_dict=True)
-
-		if existing:
-			frappe.throw(_("This Time Period conflicts with {0} ({1} to {2})").format(existing[0].holiday_list_name,
-				 existing[0].from_date, existing[0].to_date, OverlapError))
-
+		for day in self.get("holidays"):
+			if not (self.from_date <= day.holiday_date <= self.to_date):
+				frappe.throw(_("The holiday on {0} is not between From Date and To Date").format(formatdate(day.holiday_date)))
 
 	def get_weekly_off_date_list(self, start_date, end_date):
 		start_date, end_date = getdate(start_date), getdate(end_date)
@@ -69,7 +48,7 @@ class HolidayList(Document):
 		existing_date_list = []
 		weekday = getattr(calendar, (self.weekly_off).upper())
 		reference_date = start_date + relativedelta.relativedelta(weekday=weekday)
-		
+
 		existing_date_list = [getdate(holiday.holiday_date) for holiday in self.get("holidays")]
 
 		while reference_date <= end_date:
@@ -82,10 +61,6 @@ class HolidayList(Document):
 	def clear_table(self):
 		self.set('holidays', [])
 
-	def update_default_holiday_list(self):
-		frappe.db.sql("""update `tabHoliday List` set is_default = 0
-			where is_default = 1""")
-
 @frappe.whitelist()
 def get_events(start, end, filters=None):
 	"""Returns events for Gantt / Calendar view rendering.
@@ -94,10 +69,27 @@ def get_events(start, end, filters=None):
 	:param end: End date-time.
 	:param filters: Filters (JSON).
 	"""
+	condition = ''
+	values = {
+		"start_date": getdate(start),
+		"end_date": getdate(end)
+	}
+
+	if filters:
+		if isinstance(filters, basestring):
+			filters = json.loads(filters)
+
+		if filters.get('holiday_list'):
+			condition = 'and hlist.name=%(holiday_list)s'
+			values['holiday_list'] = filters['holiday_list']
+
+	data = frappe.db.sql("""select hlist.name, h.holiday_date, h.description
+		from `tabHoliday List` hlist, tabHoliday h
+		where h.parent = hlist.name
+		and h.holiday_date is not null
+		and h.holiday_date >= %(start_date)s
+		and h.holiday_date <= %(end_date)s
+		{condition}""".format(condition=condition),
+		values, as_dict=True, update={"allDay": 1})
 
-	data = frappe.db.sql("""select hl.name, hld.holiday_date, hld.description
-		from `tabHoliday List` hl, tabHoliday hld
-		where hld.parent = hl.name
-		and ifnull(hld.holiday_date, "0000-00-00") != "0000-00-00"
-		""", as_dict=True, update={"allDay": 1})
 	return data
diff --git a/erpnext/hr/doctype/holiday_list/holiday_list_calendar.js b/erpnext/hr/doctype/holiday_list/holiday_list_calendar.js
index cc24eb0000f..3cc8dd5036f 100644
--- a/erpnext/hr/doctype/holiday_list/holiday_list_calendar.js
+++ b/erpnext/hr/doctype/holiday_list/holiday_list_calendar.js
@@ -9,5 +9,13 @@ frappe.views.calendar["Holiday List"] = {
 		"title": "description",
 		"allDay": "allDay"
 	},
-	get_events_method: "erpnext.hr.doctype.holiday_list.holiday_list.get_events"
+	get_events_method: "erpnext.hr.doctype.holiday_list.holiday_list.get_events",
+	filters: [
+		{
+			'fieldtype': 'Link',
+			'fieldname': 'holiday_list',
+			'options': 'Holiday List',
+			'label': __('Holiday List')
+		}
+	]
 }
diff --git a/erpnext/hr/doctype/holiday_list/test_records.json b/erpnext/hr/doctype/holiday_list/test_records.json
index 0a0afe81758..0bd096c415a 100644
--- a/erpnext/hr/doctype/holiday_list/test_records.json
+++ b/erpnext/hr/doctype/holiday_list/test_records.json
@@ -5,19 +5,18 @@
   "to_date":"2013-12-31",
   "holidays": [
    {
-    "description": "New Year", 
+    "description": "New Year",
     "holiday_date": "2013-01-01"
    },
    {
-    "description": "Republic Day", 
+    "description": "Republic Day",
     "holiday_date": "2013-01-26"
    },
    {
-    "description": "Test Holiday", 
+    "description": "Test Holiday",
     "holiday_date": "2013-02-01"
    }
-  ], 
-  "holiday_list_name": "_Test Holiday List", 
-  "is_default": 1
+  ],
+  "holiday_list_name": "_Test Holiday List"
  }
-]
\ No newline at end of file
+]
diff --git a/erpnext/hr/doctype/leave_application/leave_application.py b/erpnext/hr/doctype/leave_application/leave_application.py
index 705ace7c0dc..950400df444 100755
--- a/erpnext/hr/doctype/leave_application/leave_application.py
+++ b/erpnext/hr/doctype/leave_application/leave_application.py
@@ -8,6 +8,7 @@ from frappe.utils import cint, cstr, date_diff, flt, formatdate, getdate, get_li
 	comma_or, get_fullname
 from erpnext.hr.utils import set_employee_name
 from erpnext.hr.doctype.leave_block_list.leave_block_list import get_applicable_block_dates
+from erpnext.hr.doctype.employee.employee import get_holiday_list_for_employee
 
 
 class LeaveDayBlockedError(frappe.ValidationError): pass
@@ -422,7 +423,7 @@ def add_block_dates(events, start, end, employee, company):
 		cnt+=1
 
 def add_holidays(events, start, end, employee, company):
-	applicable_holiday_list = frappe.db.get_value("Employee", employee, "holiday_list")
+	applicable_holiday_list = get_holiday_list_for_employee(employee, company)
 	if not applicable_holiday_list:
 		return
 
diff --git a/erpnext/hr/doctype/salary_slip/salary_slip.py b/erpnext/hr/doctype/salary_slip/salary_slip.py
index 21ee0ab7a62..f9f7377aa2b 100644
--- a/erpnext/hr/doctype/salary_slip/salary_slip.py
+++ b/erpnext/hr/doctype/salary_slip/salary_slip.py
@@ -11,7 +11,7 @@ from frappe import msgprint, _
 from erpnext.setup.utils import get_company_currency
 from erpnext.hr.utils import set_employee_name
 from erpnext.hr.doctype.process_payroll.process_payroll import get_month_details
-
+from erpnext.hr.doctype.employee.employee import get_holiday_list_for_employee
 from erpnext.utilities.transaction_base import TransactionBase
 
 class SalarySlip(TransactionBase):
@@ -20,11 +20,11 @@ class SalarySlip(TransactionBase):
 
 	def get_emp_and_leave_details(self):
 		if self.employee:
-			joining_date, relieving_date = frappe.db.get_value("Employee", self.employee, 
+			joining_date, relieving_date = frappe.db.get_value("Employee", self.employee,
 				["date_of_joining", "relieving_date"])
-				
+
 			self.get_leave_details(joining_date, relieving_date)
-			
+
 			struct = self.check_sal_struct(joining_date, relieving_date)
 			if struct:
 				self.set("earnings", [])
@@ -33,10 +33,10 @@ class SalarySlip(TransactionBase):
 
 	def check_sal_struct(self, joining_date, relieving_date):
 		m = get_month_details(self.fiscal_year, self.month)
-		
+
 		struct = frappe.db.sql("""select name from `tabSalary Structure`
 			where employee=%s and is_active = 'Yes'
-			and (from_date <= %s or from_date <= %s) 
+			and (from_date <= %s or from_date <= %s)
 			and (to_date is null or to_date >= %s or to_date >= %s)""",
 			(self.employee, m.month_start_date, joining_date, m.month_end_date, relieving_date))
 
@@ -62,9 +62,9 @@ class SalarySlip(TransactionBase):
 			self.fiscal_year = frappe.db.get_default("fiscal_year")
 		if not self.month:
 			self.month = "%02d" % getdate(nowdate()).month
-			
+
 		if not joining_date:
-			joining_date, relieving_date = frappe.db.get_value("Employee", self.employee, 
+			joining_date, relieving_date = frappe.db.get_value("Employee", self.employee,
 				["date_of_joining", "relieving_date"])
 
 		m = get_month_details(self.fiscal_year, self.month)
@@ -82,7 +82,7 @@ class SalarySlip(TransactionBase):
 		self.leave_without_pay = lwp
 		payment_days = flt(self.get_payment_days(m, joining_date, relieving_date)) - flt(lwp)
 		self.payment_days = payment_days > 0 and payment_days or 0
-		
+
 	def get_payment_days(self, month, joining_date, relieving_date):
 		start_date = month['month_start_date']
 		if joining_date:
@@ -90,15 +90,15 @@ class SalarySlip(TransactionBase):
 				start_date = joining_date
 			elif joining_date > month['month_end_date']:
 				return
-				
+
 		end_date = month['month_end_date']
 		if relieving_date:
 			if relieving_date > start_date and relieving_date < month['month_end_date']:
 				end_date = relieving_date
 			elif relieving_date < month['month_start_date']:
 				frappe.throw(_("Employee relieved on {0} must be set as 'Left'")
-					.format(relieving_date))			
-			
+					.format(relieving_date))
+
 		payment_days = date_diff(end_date, start_date) + 1
 
 		if not cint(frappe.db.get_value("HR Settings", None, "include_holidays_in_total_working_days")):
@@ -108,20 +108,19 @@ class SalarySlip(TransactionBase):
 		return payment_days
 
 	def get_holidays_for_employee(self, start_date, end_date):
-		holidays = frappe.db.sql("""select t1.holiday_date
-			from `tabHoliday` t1, tabEmployee t2
-			where t1.parent = t2.holiday_list and t2.name = %s
-			and t1.holiday_date between %s and %s""",
-			(self.employee, start_date, end_date))
-			
-		if not holidays:
-			holidays = frappe.db.sql("""select t1.holiday_date
-				from `tabHoliday` t1, `tabHoliday List` t2
-				where t1.parent = t2.name and t2.is_default = 1
-				and t1.holiday_date between %s and %s""", 
-				(start_date, end_date))
-		
-		holidays = [cstr(i[0]) for i in holidays]
+		holiday_list = get_holiday_list_for_employee(self.employee)
+		holidays = frappe.db.sql_list('''select holiday_date from `tabHoliday`
+			where
+				parent=%(holiday_list)s
+				and holiday_date >= %(start_date)s
+				and holiday_date <= %(end_date)s''', {
+					"holiday_list": holiday_list,
+					"start_date": start_date,
+					"end_date": end_date
+				})
+
+		holidays = [cstr(i) for i in holidays]
+
 		return holidays
 
 	def calculate_lwp(self, holidays, m):
diff --git a/erpnext/hr/doctype/salary_slip/test_salary_slip.py b/erpnext/hr/doctype/salary_slip/test_salary_slip.py
index 387c5931290..2383affa0af 100644
--- a/erpnext/hr/doctype/salary_slip/test_salary_slip.py
+++ b/erpnext/hr/doctype/salary_slip/test_salary_slip.py
@@ -13,11 +13,11 @@ class TestSalarySlip(unittest.TestCase):
 	def setUp(self):
 		for dt in ["Leave Application", "Leave Allocation", "Salary Slip"]:
 			frappe.db.sql("delete from `tab%s`" % dt)
-		
+
 		make_allocation_record(leave_type="_Test Leave Type LWP")
-		
-		frappe.db.set_value("Holiday List", "_Test Holiday List", "is_default", 1)
-		
+
+		frappe.db.set_value("Company", "_Test Company", "default_holiday_list", "_Test Holiday List")
+
 		from erpnext.hr.doctype.leave_application.test_leave_application import _test_records as leave_applications
 		la = frappe.copy_doc(leave_applications[2])
 		la.insert()
@@ -32,7 +32,7 @@ class TestSalarySlip(unittest.TestCase):
 		frappe.db.set_value("HR Settings", None, "include_holidays_in_total_working_days", 1)
 		ss = frappe.copy_doc(test_records[0])
 		ss.insert()
-		
+
 		self.assertEquals(ss.total_days_in_month, 31)
 		self.assertEquals(ss.payment_days, 30)
 		self.assertEquals(ss.earnings[0].e_modified_amount, 14516.13)
@@ -46,7 +46,7 @@ class TestSalarySlip(unittest.TestCase):
 		frappe.db.set_value("HR Settings", None, "include_holidays_in_total_working_days", 0)
 		ss = frappe.copy_doc(test_records[0])
 		ss.insert()
-		
+
 		self.assertEquals(ss.total_days_in_month, 29)
 		self.assertEquals(ss.payment_days, 28)
 		self.assertEquals(ss.earnings[0].e_modified_amount, 14482.76)
@@ -55,32 +55,32 @@ class TestSalarySlip(unittest.TestCase):
 		self.assertEquals(ss.deductions[1].d_modified_amount, 48.28)
 		self.assertEquals(ss.gross_pay, 14982.76)
 		self.assertEquals(ss.net_pay, 14834.48)
-		
+
 	def test_payment_days(self):
 		# Holidays not included in working days
 		frappe.db.set_value("HR Settings", None, "include_holidays_in_total_working_days", 0)
-		
+
 		# set joinng date in the same month
 		frappe.db.set_value("Employee", "_T-Employee-0001", "date_of_joining", "2013-01-11")
-		
+
 		ss = frappe.copy_doc(test_records[0])
 		ss.insert()
-		
+
 		self.assertEquals(ss.total_days_in_month, 29)
 		self.assertEquals(ss.payment_days, 19)
-		
+
 		# set relieving date in the same month
 		frappe.db.set_value("Employee", "_T-Employee-0001", "relieving_date", "2013-01-28")
 		ss.save()
 		self.assertEquals(ss.total_days_in_month, 29)
 		self.assertEquals(ss.payment_days, 16)
-		
+
 		# Holidays included in working days
 		frappe.db.set_value("HR Settings", None, "include_holidays_in_total_working_days", 1)
 		ss.save()
 		self.assertEquals(ss.total_days_in_month, 31)
 		self.assertEquals(ss.payment_days, 17)
-		
+
 		frappe.db.set_value("Employee", "_T-Employee-0001", "date_of_joining", "2001-01-11")
 		frappe.db.set_value("Employee", "_T-Employee-0001", "relieving_date", None)
 
diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index d6ebf5bd65a..e53a506ac49 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -254,3 +254,4 @@ erpnext.patches.v6_24.repost_valuation_rate_for_serialized_items
 erpnext.patches.v6_24.set_recurring_id
 erpnext.patches.v6_20x.set_compact_print
 execute:frappe.delete_doc_if_exists("Web Form", "contact") #2016-03-10
+erpnext.patches.v6_20x.remove_fiscal_year_from_holiday_list
diff --git a/erpnext/patches/v6_20x/remove_fiscal_year_from_holiday_list.py b/erpnext/patches/v6_20x/remove_fiscal_year_from_holiday_list.py
new file mode 100644
index 00000000000..c8c62036e2d
--- /dev/null
+++ b/erpnext/patches/v6_20x/remove_fiscal_year_from_holiday_list.py
@@ -0,0 +1,17 @@
+from __future__ import unicode_literals
+import frappe
+
+def execute():
+	default_holiday_list = frappe.db.get_value("Holiday List", {"is_default": 1})
+	if default_holiday_list:
+		for company in frappe.get_all("Company", fields=["name", "default_holiday_list"]):
+			if not company.default_holiday_list:
+				frappe.db.set_value("Company", company.name, "default_holiday_list", default_holiday_list)
+
+
+	fiscal_years = frappe._dict((fy.name, fy) for fy in frappe.get_all("Fiscal Year", fields=["name", "year_start_date", "year_end_date"]))
+
+	for holiday_list in frappe.get_all("Holiday List", fields=["name", "fiscal_year"]):
+		fy = fiscal_years[holiday_list.fiscal_year]
+		frappe.db.set_value("Holiday List", holiday_list.name, "from_date", fy.year_start_date)
+		frappe.db.set_value("Holiday List", holiday_list.name, "to_date", fy.year_end_date)
diff --git a/erpnext/setup/doctype/company/test_records.json b/erpnext/setup/doctype/company/test_records.json
index b6918b3afaa..7e26ca32074 100644
--- a/erpnext/setup/doctype/company/test_records.json
+++ b/erpnext/setup/doctype/company/test_records.json
@@ -6,7 +6,8 @@
   "default_currency": "INR",
   "doctype": "Company",
   "domain": "Manufacturing",
-  "chart_of_accounts": "Standard"
+  "chart_of_accounts": "Standard",
+  "default_holiday_list": "_Test Holiday List"
  },
  {
   "abbr": "_TC1",
@@ -15,7 +16,8 @@
   "default_currency": "USD",
   "doctype": "Company",
   "domain": "Retail",
-  "chart_of_accounts": "Standard"
+  "chart_of_accounts": "Standard",
+  "default_holiday_list": "_Test Holiday List"
  },
  {
   "abbr": "_TC2",
@@ -24,6 +26,7 @@
   "country": "Germany",
   "doctype": "Company",
   "domain": "Retail",
-  "chart_of_accounts": "Standard"
+  "chart_of_accounts": "Standard",
+  "default_holiday_list": "_Test Holiday List"
  }
 ]
diff --git a/erpnext/support/doctype/maintenance_schedule/maintenance_schedule.py b/erpnext/support/doctype/maintenance_schedule/maintenance_schedule.py
index 38a88c90746..04699729352 100644
--- a/erpnext/support/doctype/maintenance_schedule/maintenance_schedule.py
+++ b/erpnext/support/doctype/maintenance_schedule/maintenance_schedule.py
@@ -9,6 +9,7 @@ from frappe.utils import add_days, getdate, cint, cstr
 from frappe import throw, _
 from erpnext.utilities.transaction_base import TransactionBase, delete_events
 from erpnext.stock.utils import get_valid_serial_nos
+from erpnext.hr.doctype.employee.employee import get_holiday_list_for_employee
 
 class MaintenanceSchedule(TransactionBase):
 	def generate_schedule(self):
@@ -92,22 +93,19 @@ class MaintenanceSchedule(TransactionBase):
 	def validate_schedule_date_for_holiday_list(self, schedule_date, sales_person):
 		validated = False
 
-		# check holiday list in employee master
-		holiday_list = frappe.db.sql_list("""select h.holiday_date from `tabEmployee` emp,
-			`tabSales Person` sp, `tabHoliday` h, `tabHoliday List` hl
-			where h.parent=hl.name and sp.name=%s and emp.name=sp.employee
-			and hl.name=emp.holiday_list
-			""", (sales_person))
-		if not holiday_list:
-			# check global holiday list
-			holiday_list = frappe.db.sql_list("""select h.holiday_date from
-				`tabHoliday` h, `tabHoliday List` hl
-				where h.parent=hl.name and hl.is_default = 1""")
-		if not validated and holiday_list:
-			if schedule_date in holiday_list:
-				schedule_date = add_days(schedule_date, -1)
-			else:
-				validated = True
+		employee = frappe.db.get_value("Sales Person", sales_person, "employee")
+		holiday_list = get_holiday_list_for_employee(employee)
+		holidays = frappe.db.sql_list('''select holiday_date from `tabHoliday` where parent=%s''', holiday_list)
+
+		if not validated and holidays:
+
+			# max iterations = len(holidays)
+			for i in xrange(len(holidays)):
+				if schedule_date in holidays:
+					schedule_date = add_days(schedule_date, -1)
+				else:
+					validated = True
+					break
 
 		return schedule_date