One97 Communications Ltd, the parent of payment services provider Paytm, is in talks with five lenders to assist employees to borrow money to practice their stock options before the organization’s much-awaited initial public offer (IPO), two people aware of the discussions said.
Paytm wants to help employees pay for buying their vested options and make charge tax payments whenever required, individuals said, requesting anonymity. Employees can also get benefits from
onewalmartmlogin as it contains many information related to job.
Investment opportunities are taxed as a prerequisite when the employee exercises the options to purchase the stocks. The exercise price is the sum the employee pays to buy the vested options.
The difference between the fair market value of the share’s evaluation of the offers on the date of exercise the option and the sum paid to exercise the option is taxed based on the salary bracket slab of the employee.
Also, employees might need to cover capital gains tax in the event that they decide to sell their shares.
“Paytm (One97) is in talks with financing institutions, for example, IIFL, ICICI Bank, and Edelweiss Capital to help its representatives convert their employee stock ownership plans into shares and give them loans to follow through on to exercise price and tax payments. These loans are expected to be of the duration of 12 months,” said one individual referred to above.