Budget 2023 needs to do this to make ESOPs more attractive for employees

https://img.etimg.com/photo/97078609.cmsThe 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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