Do You Know How Much Tax IPL Players Pay?
IPL has two categories of players: Indian and Overseas
TDS:
- Indian players
are subjected to
a 10% TDS
- Foreign players
are subjected to
a 20% TDS
Final Tax is calculated at the end of financial year along with their other income.
Total Income:
- Professional income: franchise bid, player's performance, advertisement/
endorsement fees, prize money share etc.
- Personal income: rental income, and interests or capital gains
The total tax is calculated on net income, which includes tax slab rates and surcharges
The following is income of IPL Players:
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Thus, the tax deducted:
Net effective tax
rate is 42.62%
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