Considering the way the leaf blade or lamina is divided leaves can either be simple or compound in shape.
Difference between simple leaf and compound leaf
Simple Leaf
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Compound Leaf
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A simple leaf has a single blade. A simple leaf may have incisions but these incisions are not deep enough to divide the blade into leaflets (one of the subdivisions of a compound leaf).
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The blades of compound leaves are divided into distinct parts called leaflets.
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An axillary bud is present in the axil of a simple leaf
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Axillary bud is present in the axil of a compound leaf as well, but the leaflets of a compound leaf do not have them.
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Example: Mango, Guava
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Example: Rose, Coriander, Azadirachta indica (Neem), Moringa
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REFERENCE:
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Image: http://www.uwgb.edu/biodiversity/herbarium/trees/simple_compound_lvs01.jpg