Next time when you join any startup, check if you are getting ESOPs or when you
have it SELL....SELL ... SELL, there is No Tax on it
#Budget2020 When Government starts talking about tax burden on employees for
ESOPs, it means, #startupindia is developed now. According to last report, India
is heading towards having 100 Unicorns and 1,00,000 startups in the country that
will contribute to largely to Economy of India. Here are some highlights.
1. Tax burden on employees due to tax on ESOPs to be deferred by five years or
till they leave the company or when they sell, whichever is earliest.
During their formative years, ESOP is a significant component of compensation
for startup employees. Currently, ESOPs are taxable as perquisites at the time
of exercise. This leads to cash-flow problem for the employees who do not sell
the shares immediately and continue to hold the same for the long-term. In order
to give a boost to the startup ecosystem, the FM proposed to ease the burden of
taxation on the employees by deferring the tax payment by five years or till
they leave the company or when they sell their shares, whichever is earliest.
2. New Simplified return for GST from April 2020
3. Startups with turnover up to Rs. 100 crore to enjoy 100% deduction for 3
consecutive assessment years out of 10 years.
More at : https://lnkd.in/fW2yCdA
Source : The Economic Times
rakeshsidana.org
Budget 2020 : StartupINDIA and more
When Government starts talking about tax burden on employees for ESOPS, it
means, India startup ecosystem is developed now. According to last report, India
is heading towards having 100 Unicorns an…
Posted by Rakesh Sidana on Facebook
link: facebook.com/groups/1628088717410164/user/644833419/
have it SELL....SELL ... SELL, there is No Tax on it
#Budget2020 When Government starts talking about tax burden on employees for
ESOPs, it means, #startupindia is developed now. According to last report, India
is heading towards having 100 Unicorns and 1,00,000 startups in the country that
will contribute to largely to Economy of India. Here are some highlights.
1. Tax burden on employees due to tax on ESOPs to be deferred by five years or
till they leave the company or when they sell, whichever is earliest.
During their formative years, ESOP is a significant component of compensation
for startup employees. Currently, ESOPs are taxable as perquisites at the time
of exercise. This leads to cash-flow problem for the employees who do not sell
the shares immediately and continue to hold the same for the long-term. In order
to give a boost to the startup ecosystem, the FM proposed to ease the burden of
taxation on the employees by deferring the tax payment by five years or till
they leave the company or when they sell their shares, whichever is earliest.
2. New Simplified return for GST from April 2020
3. Startups with turnover up to Rs. 100 crore to enjoy 100% deduction for 3
consecutive assessment years out of 10 years.
More at : https://lnkd.in/fW2yCdA
Source : The Economic Times
rakeshsidana.org
Budget 2020 : StartupINDIA and more
When Government starts talking about tax burden on employees for ESOPS, it
means, India startup ecosystem is developed now. According to last report, India
is heading towards having 100 Unicorns an…
Posted by Rakesh Sidana on Facebook
link: facebook.com/groups/1628088717410164/user/644833419/
