Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARDS :: TDS :: cpt :: VAT RATES :: Central Excise rule to resale the machines to a new company :: empanelment :: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARD
 
 
« News Headlines »
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?

Outstanding stock options to bear the brunt of FBT
May, 03rd 2007

With the finance ministry deciding to retain employee stock option plans (Esops) under the fringe benefit tax (FBT), employers are gearing up to pass on the liability to the large number of employees who did not exercise their options before the March 31, 2007 deadline. According to the Budget proposal, employers will have to pay 33.99% FBT on stock option gains, but can deduct the amount from employees salaries.

FBT is applicable from April 1, 2007. Despite the fact that many companies encouraged employees to exercise their options before FBT came into play, as on March 31, the outstanding options of these companies run into crores of rupees.
 
Among IT companies, HCL has the highest number of outstanding options at 5 crore. The options, with a value of $7.2 million as on March 31, will vest in tranches from 2007 to 2012. Infosys, which pioneered Esops in India, has about 40 lakh options outstanding. The average exercise price is Rs 900 for the 1998 plan and Rs 1,100 for the 1999 plan, said V Balakrishnan, CFO, Infosys Technologies.

Similarly, Satyam Computers has 260 lakh outstanding options. Since many employees were not in a financial position to turn their options into shares at that stage, banks like SBI and IL&S came forward for funding, said a Satyam spokesperson.

Wipro has 125 lakh outstanding options and 30 lakh restricted stock units as of March 31.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions