New Delhi, May 30 -- Radhika Gupta, managing director and CEO of Edelweiss Mutual Fund, has called for changes to India's ESOP taxation rules, arguing that employees should be taxed only when they realise actual gains by selling their shares.

"One of the biggest problems with ESOP taxation in India is that employees are often taxed before they actually make money, or in other words we treat paper wealth as real liquidity," she said in a X (formerly Twitter) post on Friday.

Gupta's remarks came in response to investor Vijay Kedia's suggestions on reforming India's tax framework. She urged finance minister Nirmala Sitharaman to review the taxation of employee stock ownership plans (ESOPs), particularly for employees of unlisted companies....