Start-ups expect simplified tax regime

WITH the abolition of angel tax in the previous budget, the country's start-up ecosystem saw a boost in early-stage investments, and now in the upcoming budget, they expect tax reforms, simplification of ESOP (employee stock option plans) taxation and extended tax holidays.

- UMA KANNAN

India, which has the third largest start-up ecosystem in the world, boasts over 1.59 lakh start-ups that are recognised by the DeRUNBU partment for Promotion of Industry and Internal Trade (DPIIT) as of January 15, 2025.