Didn't pay over Rs 350 crore in TDS & PF, admits SpiceJet

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Times of India 12h ago

Didn't pay over Rs 350 crore in TDS & PF, admits SpiceJet - Times of India

Quick Summary:

SpiceJet has admitted not paying about Rs 220 crore in TDS deducted from employees' salaries and over Rs 135.3 crore in PF between April 2020 and August 2023.

The airline seeks to raise Rs 3,000 crore by the end of the month to stay afloat and reactivate its grounded fleet.

NEW DELHI: Struggling-to-survive SpiceJet has admitted not paying about Rs 220 crore TDS that was deducted from employees’ pay between April 2020 and Aug 2023 to tax authorities and over Rs 135.3 crore PF to staffers in the same period.