Budget 2020: Tax Payment On ESOPs From Startups Deferred, Says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has proposed easing of tax payments on employee stock option plan (ESOPs) earned by startup employees, with a view to promote growth of budding entrepreneurs in the country. The tax payment on ESOPs will be deferred by five years, or when they sell their shares or when they leave the company, whichever is earlier, the finance minister said. Industry bodies such as NASSCOM, Ispirt, Indiatech and IVC...