scorecardresearchCryptocurrencies as ESOPs would be taxed as 'gift' at 30 percent, says report

Cryptocurrencies as ESOPs would be taxed as 'gift' at 30 percent, says report

Updated: 09 Feb 2022, 12:46 PM IST
TL;DR.
Free crypto tokens given by crypto exchanges to employees will attract 30 percent tax as they would be treated as ‘gift’. Read further to know more on this
Several crypto exchanges often give digital tokens to their employees as part of their compensation as ESOPs.

Several crypto exchanges often give digital tokens to their employees as part of their compensation as ESOPs.