Trending @Accenture; Contribution towards ESPP Tax Deductible ?

Say I contribute ₹ 100,000 towards ESPP, does my Taxable Income go down by ₹ 100,000 ?

17mo ago

WobblyLlama

Accenture

17mo

Yes it goes down

PeppyPretzel

Deloitte

17mo

I guess, then it is a good tax saving opportunity

BubblyRaccoon

Accenture

17mo

I think it will be taxable

PeppyBanana

Accenture

17mo

Guys, In India Tax Saving is only Under Income Tax Sections Like 80C etc.

Investing in company - How come it will come under Saving tax?

ESPP is not Tax saving plan. PERIOD.

PeppyPretzel

Deloitte

17mo

Some say it is tax deductible, no clarity available.

PeppyBanana

Accenture

17mo

Im currently into ESPP for more than 2 years. Im 100% confident. ESPP is NOT tax deductible

ZestyBanana

Accenture

17mo

Nope. It is deductible from your after tax income.

PeppyPretzel

Deloitte

17mo

Some say it is tax deductible, some say it is not

ZestyBanana

Accenture

17mo

It reflects in your salary slip, so some might be confused, but I personally invested in it, so it is your taxable income. If confuse, invest and check.

SquishyBagel

Accenture

17mo

As far as my understanding It's not for tax saving even when you will sell your amount of shares then you have to pay tax on the profit.But I would say go for it as you will get 15% discounted shares from market value.