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Dear HMRC team, thank you for your reply. It is still not clear to me if these shares will form part of my employment income in UK and I have to tax on them (on difference between share price and face value)? Or will these be considered as part of my India income and since I file returns on remittance basis, so I do not pay tax on them in UK, but pay tax in India on these. Request you to clarify.

Dear HMRC team My Company is an Indian IT company, with its stock listed on Indian stock market. It has given ESOP to me, exercised at face value. I am a UK tax resident but domiciled in India. If I file returns on remittance basis, and these shares remain in my India DMAT account, do I have to pay perquisite tax in UK (on difference between share price and face value) when I exercise these shares? Thank you.