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Budget 2023: NASSCOM seeks tax sops to incentivise funding, employment for startups

The wishlist ranges from making the deferment of ESOP tax payment available to employees of more startups to a reduction in MAT for eligible startups

Bengaluru / January 13, 2023 / 11:43 AM IST

The National Association of Software and Service Companies (NASSCOM) has sought various tax sops in the upcoming Union Budget 2023 to further incentivise employment and funding to the world’s third-largest startup ecosystem.

These proposals range from making the deferment of the time of payment of tax on Employee Stock Option Plans (ESOP) available to employees of more startups to a reduction in the Minimum Alternate Tax (MAT) for eligible startups.

NASSCOM 0712_001

Deferment of tax on ESOPs