I just read a question answered by Mr Mahesh Padmanabhan "I am selling ESOP of a US Company that I worked for,held for more than 3 yrs,what is that tax % that I need to pay?
Answer:long term capital gain tax in your case would be 20% (base rate), applicable on the capital gain.

Then I read another person replying :

"If you hold the shares for more than 12 months and if you happen to get gain out of that, it will be treated as long term capital gain. On this No TAX to be paid (it is totally taxfree) "
Now I'm confused, could anyone please help?

Answered by T A RAMESH, 10 Jan '08 08:13 pm