Kingfisher Airlines violated tax rules

Cash-strapped carrier Kingfisher Airlines has not deposited with the government most of the income tax it deducted from its employees' salaries for the last two fiscal years, a government minister told lawmakers on Tuesday.

Kingfisher has about Rs 130 crore ($24.6 million) tax deducted at source (TDS) to be deposited with the government and has committed to pay it by the end of the current financial year to March 2012, junior finance minister SS Palanimanickam told parliament in a written reply to a question.