In the financial year 2023-24 (FY24), Indian cricketers made substantial contributions to the country’s tax revenue, further highlighting their success both on and off the field.
Here’s a detailed look at the top 6 highest tax-paying Indian cricketers, showcasing their financial achievements and influence on the sport.
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6. Rishabh Pant – ₹10 Crore
At just 26 years old, Rishabh Pant has not only cemented his place as India’s premier wicketkeeper-batsman but also emerged as one of the highest taxpayers in Indian cricket, contributing ₹10 crore. His rising career in international cricket and lucrative endorsement deals with global brands reflect the immense earning potential of the sport’s younger stars.
5. Hardik Pandya – ₹13 Crore
Hardik Pandya, known for his flamboyant lifestyle and on-field versatility, paid ₹13 crore in taxes for FY24. His performances in the IPL and international matches have significantly increased his earnings, placing him among the top cricketers in India. His appeal extends beyond cricket, making him a favorite for various high-profile endorsements.
4. Sourav Ganguly – ₹23 Crore
Former Indian captain and current BCCI President Sourav Ganguly remains a force to reckon with, contributing ₹23 crore in taxes. His post-retirement career in cricket administration, media, and business ventures has kept him in the spotlight, making him a significant contributor to the nation’s economy even after hanging up his boots.
3. Sachin Tendulkar – ₹28 Crore
The legendary Sachin Tendulkar, fondly known as the “God of Cricket,” paid ₹28 crore in taxes this year. Despite retiring in 2013, Tendulkar continues to earn handsomely through endorsements and his involvement in various charitable and cricket-related initiatives. His enduring legacy, both on and off the field, makes him a major contributor to the country’s tax revenue.
2. MS Dhoni – ₹38 Crore
MS Dhoni, India’s beloved former captain, stands second on the list with ₹38 crore in taxes. Though he retired from international cricket in 2020, Dhoni’s enduring popularity in the IPL and his extensive endorsement portfolio keep him among the highest earners. His influence on Indian cricket remains unparalleled, reflected in his significant tax contributions.
1. Virat Kohli – ₹66 Crore
Topping the list is Virat Kohli, who contributed a staggering ₹66 crore in taxes for FY24. Kohli’s unmatched consistency on the cricket field, combined with his brand endorsements, has made him not only the highest tax-paying cricketer but also one of the highest-earning athletes globally. His dominance in the sport and immense marketability underscore his contribution to India’s economy.
Conclusion: Cricketers Shaping the Economy
These top 6 cricketers are not just icons in the world of sports but also major contributors to India’s economic growth. Their tax contributions highlight their success and reflect their responsibility as citizens, helping fund government programs and initiatives.
Their achievements serve as an inspiration for millions of aspiring cricketers and fans, showing that success in sports goes hand in hand with financial responsibility.
Frequently Asked Questions (FAQs)
Q1: Why do cricketers pay such high taxes?
A1: Cricketers earn large sums through match fees, endorsements, and sponsorships. Higher incomes lead to higher tax liabilities under Indian tax laws.
Q2: How is the tax amount determined for cricketers?
A2: Taxes are based on their total earnings, including match fees, salaries, bonuses, and endorsement deals. The applicable tax rates depend on their income bracket.
Q3: Do retired cricketers still pay taxes?
A3: Yes, retired cricketers continue to pay taxes on earnings from endorsements, coaching, business ventures, and media appearances.
Q4: How do cricketers contribute to the economy through taxes? A4: Cricketers’ tax payments fund government projects and services, while their financial success promotes job creation in industries such as media, sports management, and merchandising.
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