IPL 2025: Even with a ₹27 Crore Auction Price, Full Payment Isn't Guaranteed!
IPL 2025: Teams will not reimburse players who have earned high IPL salaries in full. Rather, the remaining sum will be paid once income tax is subtracted. The compensation of the players who were sold for crores will be drastically cut as a result.
Rishabh Pant and Shreyas Iyer are the most expensive
players in IPL history. Through this mega auction, Lucknow Supergiants bought
Franchise Pant for Rs 27 Crores. On the other hand, Punjab Kings franchisee
Shreyas Iyer was paid Rs 26.75 crore. Gave
Thus, a total of Rs 53.75 crore was collected by the two
previous Delhi Capitals captains. obtained The fact that this sum does not
entirely belong to both hands, however, is unique. Thus, out of the entire sum,
Rishabh Pant and Shreyas Iyer received at least Rs 8 crore. The amount will be
cut.
Because the auction sum is reduced by income tax. According
to the Income Tax Act, 30% tax is currently due. This regulation will apply to
all IPL players' auction prices.
Therefore, Rishabh
Pant will receive Rs 18.90 crore if his tax is subtracted by 30% from Rs 27
crore. only Also, Shreyas Iyer will get Rs 18.72 crore after deduction of tax.
Just
From the RCB franchise, 21 crore. The
only amount Virat Kohli will receive is Rs 14.70 crore. This implies that each
player must deduct 30% tax from the total sum they won from their bid. Players
who have earned crores will therefore be required to pay crores in income tax.
As a result, some players' enormous salaries will be reduced.
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