US Stocks & RSU Tax Calculator
For RSUs of a foreign (typically US-listed) company vesting to an Indian tax resident — perquisite at vesting, capital gains at sale, with the correct forex conversion rule applied.
Stage 1 — Vesting (perquisite tax)
Use the SBI TT Buying Rate for the last working day of the month BEFORE your vesting month — not the vesting date's rate, and not today's rate. Look this up from SBI's published historical rates.
Perquisite tax owed
₹93,600
Stage 2 — Sale (capital gains)
Foreign shares always follow unlisted-share rules for Indian tax purposes — >24 months is long-term, regardless of being listed on a US exchange.
Capital gains tax owed
₹45,500
Don't forget Schedule FA
If you hold foreign shares (including unsold RSUs), you must disclose them in Schedule FA of your ITR — on a CALENDAR YEAR basis (1 January to 31 December), not the usual April-March financial year. This applies even if you didn't sell anything; simply holding foreign equity creates the disclosure obligation. Missing this isn't just a paperwork issue — penalties under the Black Money Act can be severe.
Why the exchange rate date trips people up
The single most common RSU tax filing error in India is using the wrong exchange rate date. Rule 115/206 of the Income Tax Rules is specific about which date's rate applies:
Not the vesting date itself, not the sale date itself, not today's rate when you're filing. If your RSUs vested on 15 March, you'd use the SBI TTBR from the last working day of February — not March 15th's rate. This is easy to get wrong because it's genuinely unintuitive, and getting it wrong changes your perquisite value and therefore your tax.
The same backward-looking rule applies separately to the sale transaction, using its own preceding month. Multiple vesting tranches in different months each need their own correctly dated rate — there's no shortcut to using one average rate for the year.
Frequently asked questions
SBI publishes historical TT buying rates, and several tax sites maintain lookup archives of these specific dated rates. Search for the exact date you need (the last working day of the month before your vesting or sale month) rather than using a general currency converter, which won't match the rate the Income Tax Department expects.