RSU Quick Facts — Swiggy
| Parent company | Bundl Technologies Pvt Ltd / NSE listed |
| Stock ticker | SWIGGY on NSE / BSE (listed Nov 2024) |
| Brokerage account | Indian demat account (CDSL/NSDL) |
| Indian employing entity | Bundl Technologies Pvt Ltd |
| Typical vesting schedule | Per grant agreement — varies by role and grant date |
| LTCG holding period | 12 months from vest date |
| Schedule FA required? | No — Indian listed |
| Typical grant size | Senior IC and manager grants range from ₹25L–₹1Cr in RSU value over 4 years. |
How Are Swiggy 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. Bundl Technologies Pvt Ltd deducts TDS on this amount. Post-IPO (Nov 2024), Swiggy shares are Indian-listed securities. LTCG holding period is 12 months (not 24). STCG rate is 20%, LTCG rate is 12.5%. Shares are in Indian demat — no Schedule FA required.
Stage 2 — When You Sell: The gain above the FMV at vest is capital gains. Shares are listed Indian securities — 12-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.
TDS & Sell-to-Cover at Swiggy
Sell-to-cover: Not applicable — no sell-to-cover; TDS deducted by employer on perquisite at vest.
Your Form 16 from Bundl Technologies 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 Indian demat account (CDSL/NSDL).
Your Indian demat account (CDSL/NSDL) Account
Post-IPO shares are in your CDSL/NSDL demat account. Use your existing broker (Zerodha, Groww, Angel) to manage and sell. No foreign brokerage required.
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 Swiggy 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 Swiggy 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 no Schedule FA needed for Indian-listed shares.
For more detail on the full ITR filing process, see our RSU Tax in India — Complete Guide.