Employees often taxed before they make money: Radhika Gupta on ESOP taxation

Edelweiss Mutual Fund CEO Radhika Gupta has urged the government to revise ESOP taxation, saying, "Employees are often taxed before they...make money." She said ESOPs are taxed at exercise and again at sale, putting employees of unlisted companies under pressure. "A more sensible system would tax employees when liquidity is created, not merely when options are exercised," she added.