Broke Kingfisher even retained tax cut from staff

November 28, 2011 15:10

Such was the financial mismanagement at the cash-strapped Kingfisher Airlines that it did not deposit tax deducted from employees' salaries -- amounting to Rs 422 crore over the last couple of years -- with the Income Tax authorities. The company failed to meet its obligations amounting to Rs 15 crore towards employees' provident fund, service tax and fringe benefit dues too.

Read the Indian Express report.

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