Sources close to the development told IANS that May salaries for employees have been processed and "will be credited today".

He said this time the salaries have been paid from the company's "collections".

The ability to cover salary expenses from monthly collections "underscores the positive impact" of recent measures taken by Byju's to streamline payments to its employees and improve its financial health.

When reached, the edtech company did not immediately comment.

Byju's has been struggling for months to pay salaries to thousands of its employees on time and clear their pending dues.

It is yet to pay the remaining salaries of February and March to thousands of its employees.

Now, it has drawn up a plan to pay salaries on time for at least the next six months.

According to Chief Technology Officer Jini Thattil, the outstanding approvals for February and March will be granted between June 15 and June 30, with the worst-case date being July 8.

He told the employees that there will be no disruption in monthly salary credit for the next six months.

In April, Byju's began laying off hundreds of employees amid a business restructuring exercise.