Sir,
As per Rule 18 (a) (4) (ii) of Karnataka Co-operative Rules 1960 "The maximum amount (of gratuity) payable to any employee shall not exceed fifteen months's pay under any circumstances."
Does it mean that as per KSC rules maximum amount of gratuity payable is unlimited subject to the condition of 15 months pay. i.e. ceiling limit of Rs.3.5 lakhs as per Gratuity Act 1972 does not applicable to Co-operative society employees.
As per Rule 18 (a) (4) (ii) of Karnataka Co-operative Rules 1960 "The maximum amount (of gratuity) payable to any employee shall not exceed fifteen months's pay under any circumstances."
Does it mean that as per KSC rules maximum amount of gratuity payable is unlimited subject to the condition of 15 months pay. i.e. ceiling limit of Rs.3.5 lakhs as per Gratuity Act 1972 does not applicable to Co-operative society employees.