Budget 2023 needs to do this to make ESOPs more attractive for employees
The government in Budget 2020 eased the taxation of Employees Stock Options or ESOPs. However, the current income tax laws concerning taxation of ESOPs at the time of allotment/ transfer of shares from 'non-eligible' companies create hardship for employees as they suffer cash outflow on account of payment of both the exercise price and TDS at the allotment stage without immediate monetisation of gains.
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