SpiceJet clears TDS dues worth ₹310 crore

The carrier has also cleared pending TDS (Tax Deducted at Source) dues amounting to ₹310 crore, including employee TDS, up to the second quarter of FY2025

Published - October 29, 2024 04:54 pm IST - New Delhi

 A SpiceJet passenger Boeing aircraft

A SpiceJet passenger Boeing aircraft | Photo Credit: Reuters

SpiceJet on Tuesday (October 29, 2024) said it has cleared pending TDS dues worth ₹310 crore till the September quarter of the current fiscal.

The carrier, which had been facing turbulent times, last month raised ₹3,000 crore.

"Beginning September 26, 2024, SpiceJet has cleared over INR 600 crore in pending dues, including outstanding salaries, GST liabilities, and Provident Fund (PF) contributions. Additionally, the company has also successfully reached settlements with multiple aircraft lessors," the airline said in a release.

According to the release, the carrier has also cleared pending TDS (Tax Deducted at Source) dues amounting to ₹310 crore, including employee TDS, up to the second quarter of FY2025.

"We are committed to setting our house in order and are pleased to have cleared all pending TDS dues," SpiceJet Chairman and Managing Director Ajay Singh said.

Shares of the airline were trading flat at ₹57.10 apiece in late afternoon trade on the BSE.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.