SpiceJet hikes salaries of employees by 20%, TDS payment soon

SpiceJet on Thursday announced that it has decided to hike the salaries of Captains and Senior First Officers by 20 per cent. The company said that this decision will be effective from October. According to the report, the promoter of the company Ajay Singh said on Wednesday that the company will deposit the TDS of […]
 


SpiceJet hikes salaries of employees by 20%, TDS payment soon

SpiceJet on Thursday announced that it has decided to hike the salaries of Captains and Senior First Officers by 20 per cent. The company said that this decision will be effective from October.

According to the report, the promoter of the company Ajay Singh said on Wednesday that the company will deposit the TDS of all the employees in the next two-three weeks.

According to the report of news agency PTI, the promoter of the company Ajay Singh said on Wednesday that the company will deposit the TDS of all the employees in the next two-three weeks.

Company’s EGLGS loan sanctioned

Earlier, news agency PTI had reported on September 2, quoting sources, that the company would get an amount of Rs 225 crore under the EGLGS credit guarantee scheme of the central government.

SpiceJet Chief Flight Operations Gurucharan Arora said that the loan has been approved under the EGLGS Credit Guarantee Scheme of the Central Government. We have got its first installment. However, he did not say how much money the company got in it.

The EGLGS Credit Guarantee Scheme was launched by the Central Government in May 2020 to help companies at the start of the Corona pandemic. Under this, companies are given a rebate of 7 percent on the interest of the loan.

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