Navigating Tax Rules: ESOPs for overseas employees in India

The Haryana Cooperative Department has initiated measures against officers and staff members displaying negligence in utilizing the Aadhaar-enabled biometric attendance system (AEBAS).

Registrar of the Cooperation Department, Rajesh Jogpal, stated that an examination of the attendance records of officers and employees was conducted, scrutinizing the biometric attendance system spanning from April 15 to January 2024.

It was found that many officers and employees were not marking their attendance through biometrics. Based on the investigation, notices were issued to 69 officers and employees.
Of these, 10 officers were given severe punishment under Rule 4(B), 14 employees were issued chargesheets under Rule 4(A), 19 contract employees were issued show-cause notices, and 26 employees were warned.

• Enforcing the attendance of MMC employees through facial recognition technology
  To improve efficiency, Margao Municipal Council re-introduced biometric attendance machines on a trial basis. The new system uses face recognition instead of finger-scan. It will be extended to off-site employees and failure to wear uniforms will result in action, including deduction of uniform allowance.
• Implementation of biometric attendance for inmates set to become a reality
  Gujarat’s central jails are implementing a biometric attendance system, replacing manual counting of inmates. The system requires inmates to use their thumbprints to mark their presence. This will make counting more efficient and prevent inmates from assuming others’ identities. The digitization of prisoner records will also provide easy access to information such as criminal records and time spent in jail.
• Explanation of the tax regulations governing Indian ESOPs granted to foreign employees
  This article discusses the taxation of Employee Stock Options (ESOPs) in India, including the two stages of taxation: at the time of allotment and at the time of sale. It explores how ESOPs are taxed for overseas employees of Indian companies and the implications of their non-resident status.