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ESOP tax deferred by 5 yrs to ease tax burden on startup employees

ESOP tax deferred by 5 yrs to ease tax burden on startup employees

Saturday, February 1, 2020, 3:16 PM

Finance Minister Nirmala Sitharaman on Saturday announced that ESOP (employee stock ownership plan) tax will be deferred by five years from exercise or on leaving the company or at the time of sale, whichever is earlier. Tax benefits of the first three years will be extended to startups with a turnover of up to Rs.100 crore, she added.
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