News > Only 329 startups can claim tax holiday under Startup India

Only 329 startups can claim tax holiday under Startup India

The government had in Budget 2020-21 announced the deferral of taxation on employee stock option plans (ESOPS) by 48 months, and allowed the tax holiday of 3 yrs anytime in the first 10 years instead of first seven years earlier. However, this is applicable only to startups that have received a certification from the Inter-Ministerial Board set up under the DPIIT.

So far only 329 have received the certification since the board was constituted in 2016.