Professional Updates

Understanding about tax regimes for the Financial Year 2023-2024/ Assessment Year 2024-2025. Tax Slab rates Under both the regimes for Financial Year 2023-24. OLD TAX REGIME NEW TAX REGIME TAX SLAB (IN Rs.) TAX RATE TAX SLAB (IN Rs.) TAX RATE 0-250000 0% 0-300000 0% 250001-500000 5% 300001-600000 5% 500001-1000000 20% 600001-900000 10% >1000000 30% 900001-1200000 15%     1200001-1500000 20%     >1500000 30% Tax Rebate U/s.87A for the Financial Year 2023-24 under both the regimes. TAX REBATE U/s.87A OLD REGIME NEW REGIME AMOUNT OF REBATE Rs.12,500 if total income does not exceed Rs.5,00,000. Rs...

 Here's understanding the difference between all three, and which one is most suited in what context... 👉🏼 An Employee Stock Option Plan (ESOP) gives the employee the right to purchase a few shares of the company at a discounted pre-determined price on a later date. Say, the company issues you ESOPs at Rs 10 per share, and there is a buy back plan or IPO after 4 years when the share price is Rs 100 per share... If the employee decides to purchase the ESOP after 4 years, he has to pay just Rs 10 for an item that's valued at Rs 100... making him Rs 90 per share. 👉🏼 A Restricted Stock Unit (RSU) is when the company grants you a few shares depending on the time elapsed in the organization... at the end of the vesting period, you don't have the right or option to buy the shares of the company as in the case of ESOPs... Instead shares of the company are transferred to you without you having to purchase them at a pre-determined price. So, RSUs are a guarantee to number of shar...