Vijay Mallya-promoted airlines has not defaulted on payment of dues towards provident fund of the employees. The government on Tuesday said it is taking action against debt-ridden Kingfisher Airlines for not depositing Rs 153 crore, which the company deducted as TDS from its employees, with the exchequer.

“Proceedings have been initiated for FY 2010-2011 to crystalise the default amount, levy interest on delayed payment and take further statutory action,” Minister of State for Finance S S Palanimanickam said in a written reply in the Rajya Sabha.

The liabilities with regard to TDS default, as quantified from preliminary examination, was Rs 53.82 crore for 2010-2011 and Rs 100 crore for the current fiscal, he said.

The Minister further said, “Out of the (total liability), Rs 21.04 crore has been collected by the IT Department. The airlines has filed a commitment letter and has undertaken to pay the balance TDS liabilities by the end of the current financial year”.

Palanimanickam said the Vijay Mallya-promoted airlines has not defaulted on payment of dues towards provident fund of the employees.

“No dues of Employees’ Provident Fund Organisation (EPFO) and Employees State Insurance Corporation are pending against Kingfisher Airlines as on October 30, 2011”, he said.

The airlines has been facing financial problems on account of huge debts and is struggling to stay afloat.

Recently, it has cancelled several flights and suspended operations of its budget carrier Kingfisher Red.

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0 responses to “Govt taking action against Kingfisher for TDS payment default”

  1. Kamal Saini says:

    Sir/Madam, Please guide me regarding the 80 c rebate of Tuition fee  in Income tax, 1st see the attach file following lines:1. What is on the page no. 7 last line S.No. 7 in Swami Hand Book Income tax on Salary 2011-12.2. What is on Page No. 11 at S.No. xii.My Question isPresently I am receiving Children Education allowances Rs 15,000/- per child per annum.But I am paying Tuition Fee of Rs. 9120/-per annum.How much Rebate I can avail in 80 c.And what is Rs 100/- rebate in Children Education Allowances. At page no. 7.
    Kindly solve my problem.Email. zsikamal@gmail.com

  2. Kamal Saini says:

    Sir/Madam, Please guide me regarding the 80 c rebate of Tuition fee  in Income tax, 1st see the attach file following lines:1. What is on the page no. 7 last line S.No. 7 in Swami Hand Book Income tax on Salary 2011-12.2. What is on Page No. 11 at S.No. xii.My Question isPresently I am receiving Children Education allowances Rs 15,000/- per child per annum.But I am paying Tuition Fee of Rs. 9120/-per annum.How much Rebate I can avail in 80 c.And what is Rs 100/- rebate in Children Education Allowances. At page no. 7.
    Kindly solve my problem.

  3. jay says:

    KFC has deducted tax from employees, not remitted to Govt.
    They have collected service tax from passengers and not remitted to Govt. The airlines has been / is virtually rolling public money for it business.
    BUT, he is treated like a “king” and given a red carpet welcome by the govt.

    an ordinary assessee who might have defaulted some few thousands of rupees, even thro; ignorance is penalised, harrassed & dragged to courts.
    in india, the golden rule is – whether it is a scam, a fraud or a default or misuse of public funds, if i it is crores of ruppees, even the governemnt will go on its knees & defend & bail out the concerned. but if the same is just in thousands of rupees, he is treated like a criminal & harrassed

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