SpiceJet has deposited tax deducted at source (TDS) of around Rs 100 crore for the financial year 2022-23 with the income tax department, its chairman and managing director, Ajay Singh, informed the employees on Wednesday, according to sources privy to the development.
Employees will soon receive their Form-16s on the internal portal of the airline, he stated. Form-16s are necessary for employees to file their income tax returns.
The beleaguered airline’s shareholders earlier this month approved raising a total of Rs 2,241.5 crore through the issuance of equity and warrants. Rs 1,591.5 crore will be raised by issuing equity to 58 entities, and Rs 650 crore will be raised by issuing warrants on a preferential basis to five other entities.
