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In this tutorial, PK introduces version 2 of the Annual Leave Tracker, which incorporates several enhancements based on viewer feedback. The new template includes a user-friendly form for marking leave, eliminating the need for manual entry. It also offers an option to mark half-day leaves. Viewers are encouraged to watch the previous Annual Leave Tracker video for better understanding. The updated tracker provides both daily and monthly views in Excel and is available for download on the website. The new improvements aim to enhance the utility of the leave tracking process compared to the previous version, which required manual leave marking.