Tax planning in case transfer of share

Mr. A has incorporate pvt. ltd. a company in 2007  with capital of rs 1 lac . he & one of his staff has subscribe 5000 sh. of rs 10 each.

now after 5 years company is making huge profits Mr A (promter) wants to transfer staff share to his wife's name.

now i want to know how to transfer share that will result least tax in hands of each party