Tax on ESPP sold
This query is : Resolved
05 April 2011
Hi,
I was working in a MNC.I have left the company and working as a Freelancer since May2010.
I got some ESPP shares when I was employee.
I recently sold them in March 2011.I held these shares for more than 2 years
I also paid FBT tax while I was in the company.
My question is that Do Ihave to pay tax on the earnings from ESPP sale?
If yes how much Tax I have to pay ?
Thanks,
Amit Jain
I was working in a MNC.I have left the company and working as a Freelancer since May2010.
I got some ESPP shares when I was employee.
I recently sold them in March 2011.I held these shares for more than 2 years
I also paid FBT tax while I was in the company.
My question is that Do Ihave to pay tax on the earnings from ESPP sale?
If yes how much Tax I have to pay ?
Thanks,
Amit Jain
17 May 2012
You must have sold the shares on a recognised stock exchange. Accordingly, STT must have been paid on such shares.
Therefore, the gain is exempt in your hands.
Therefore, the gain is exempt in your hands.
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