Esop tax rationalisation tops budget wishlist of VCs, startups
venture capital community has urged the government to rationalise the tax policies covering employee stock ownership plans (Esops) in the upcoming budget to avoid double taxation.
Budget with ET
India's aviation sector has wings, but airlines can't fly high
Change the game of trade as Trump returns to US throne
Income tax payers' wishlist: More benefits in new tax regime, higher HRA & more
Currently, beneficiary employees have to pay income tax when they exercise their Esops, or convert them to shares. Again, they have to pay capital gains tax at the time of selling the stocks.
In representations made to the finance ministry, the startup industry said eliminating the tax at the exercise stage will make Esops more appealing, allowing companies to reward their employees better, people who were a part of these discussions said.
The demand has come at a time when several new-age companies, including Bluestone, Ather Energy, OfBusiness, Shadowfax, Boat, Zetwerk, Captain Fresh and Urban Company, are in various stages of going public—a period when they typically offer Esops to staff and senior management.
Also Read: Swiggy’s IPO unlocked Rs 9,000 crore in Esop wealth for 5,000 employees
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web
