Tax on Sale of Companys Shares

A US BASED COMPANY SITUATED IN INDIA, ISSUED SHARES TO THIER EMLOYEES & ON A QUARTERLY BASE COMPANY ITSELF CALCULATE AND DEDUCT THE TAX ON PROFIT EARNED FROM THE SALARY OF THE EMPLOYEE ITSELF.

IF THE EMLOYEE WANTS TO SALE HIS/HER SHARES WHICH IS ISSUED BY THE COMPANY AND WHATEVER AMOUNT COMES WILL BE CONVERTED IN INR AND WILL BE CREDITED TO EMLOYEE'S ACCOUNT.
WILL THE AMOUNT IS TAXABLE FOR THE EMLOYEE OR NOT. IF YES WHERE TO SHOW THIS AMOUNT IN ITR.

THANKS IN ADVANCE.