Cricket
Rishabh Pant created history in the IPL auction by being sold for a staggering Rs 27 crore, setting a new record. However, the full amount doesn't go directly into his pocket. Here’s a breakdown of how much he is likely to receive after taxes and deductions.
Auction Highlights
The bidding for Pant started at Rs 2 crore and escalated rapidly, with intense competition up to Ra 23 crore.
Lucknow Super Giants ultimately secured him with a Rs 27 crore bid after a tiebreaker with another franchise.
Deductions and Taxation
Income Tax:
Indian cricketers fall under the 30% tax bracket.
From Rs 27 crore, Pant is expected to pay approximately Rs 8–9 crore in taxes.
Match-Based Payments:
IPL franchises pay players based on their availability and participation.
For Indian players, the IPL calendar doesn’t overlap with international fixtures, ensuring full match availability.
Insurance:
In case of injuries or inability to play, players are covered by insurance. Even if Pant misses matches due to injury, he would still receive his full fee.
Final Takeaway
After taxes, Pant may retain around Rs 18–19 crore. While the Rs 27 crore figure is a headline-grabber, the actual amount received by the player underscores the significant impact of taxes and match-based payment structures in IPL contracts.
This auction not only solidifies Pant's value but also highlights the financial intricacies involved in IPL player payments
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