State-run Air India is defaulting on its employee PF and TDS payments. The company has not made these payments since January 2020. This is affecting all the retired employees including the current employees of Air India.
new Delhi. Air India, the country’s state-run airline that is under debt burden, is continuously defaulting on statutory payments like its Employee Provident Fund (EPF) and TDS. In a media report quoting the people associated with this matter, it has come to light. The case of default in such payments by Air India has come at a time when the Central Government is working on the plan of disinvestment of Air India.
However, the airline has also denied any arrears regarding TDS payment. No explanation has been received yet about the PM payment. Business newspaper Economic Times wrote in a report quoting Air India that the company has paid the TDS dues. The process of distributing Form 16 is also going on.
same report is pending since January 2020It has been written quoting government officials that Air India has not paid TDS and PF since January this year. The total outstanding TDS till the end of March is around Rs 26 crore. Similarly, PF payment is also in crores of rupees. A spokesperson for this state-run airline declined to provide any information on the matter.
be known to the employees that the non-payment of PF or TDS also affects the existing employees of the company. Usually, PF arrears are given to employees within 60 days of retirement.
In July itself, the Ministry of Civil Aviation had made it clear that no funding would be given to Air India. Since then, the financial condition of the company has become worse. This is the reason that the company has now reached the position of defaulting payment.