RSU Quick Facts — Flipkart
| Parent company | Flipkart Pte Ltd (Walmart subsidiary) |
| Stock ticker | Private on Singapore-incorporated / Walmart-owned |
| Brokerage account | Internal equity management platform |
| Indian employing entity | Flipkart Internet Pvt Ltd |
| Typical vesting schedule | Typically annual or bi-annual vesting per offer letter |
| LTCG holding period | 24 months from vest date |
| Schedule FA required? | Yes — report foreign shares as of Dec 31 |
| Typical grant size | Grants are denominated in USD value. Senior IC roles receive $50K–$200K in RSU value over 4 years. |
How Are Flipkart RSUs Taxed? — The 2 Stages
Stage 1 — At Vesting: On each vest date, the Fair Market Value (FMV) of your shares is added to your salary as a "perquisite" under Section 17(2) of the Income Tax Act. Flipkart Internet Pvt Ltd deducts TDS on this amount. Flipkart deducts TDS on RSU perquisite at vest. Since Flipkart is incorporated in Singapore (not Indian/US listed), FMV is determined by an internal valuation report — check with HR.
Stage 2 — When You Sell: The gain above the FMV at vest is capital gains. Shares are treated as unlisted securities under Indian tax law — 24-month LTCG period applies. The LTCG rate is 12.5% without indexation (Finance Act 2024). STCG is taxed at your income slab rate (up to 30%). No TDS is deducted on capital gains — you must pay advance tax if your total gains tax exceeds ₹10,000.
Important: Must disclose shares in Schedule FA of ITR-2 as of December 31. Failure to disclose foreign assets attracts penalties of up to ₹10 lakh per year under the Black Money Act.
TDS & Sell-to-Cover at Flipkart
Sell-to-cover: Flipkart does not have exchange-listed shares; sell-to-cover may not apply the same way as MNCs.
Your Form 16 from Flipkart Internet Pvt Ltd (Part B) will show the cumulative perquisite value for the financial year. This figure is what you report under Salary in your ITR. Cross-check it against your vest statements in Internal equity management platform.
Your Internal equity management platform Account
Contact Flipkart HR/Equity team directly for your RSU account details. Keep all vest letters and Form 16 for tax filing.
Keep the following documents each year: vest confirmation emails, annual brokerage statement, any Form 1042-S or withholding documents. These are your supporting evidence for the perquisite value and capital gains calculation.
Calculate Your Exact Flipkart RSU Tax — Free
Enter your vest quantity, FMV, sale price and income — the calculator handles perquisite tax, capital gains, DTAA and your net after-tax amount.
🧮 RSU Tax Calculator →ITR Filing for Flipkart Employees
File ITR-2 (or ITR-3 if you have business income). Report perquisite under Salary head, capital gains in the Capital Gains schedule, and foreign shares in Schedule FA as of December 31 of the previous calendar year.
For more detail on the full ITR filing process, see our RSU Tax in India — Complete Guide.