Thar the Board of Control for Cricket in India (BCCI) is the richest cricket board, and one of the richest sporting bodies in the world, has been well-known. What recently has come to light the huge amount of taxes the board has paid to the Indian government, and, moreoverly, the staggering amount of their income and surplus which has left the fans’ jaws hanging.
Pankaj Chaudhary, the Union Minister of State for Finance of the Indian government, revealed the details of the Indian Cricket Board earnings, the taxes paid by the board and its surplus over the past few years during a statement he made in the Rajya Sabha on Tuesday, August 8
Anil Desai, a member of the Rajya Sabha, had made a query asking for the details of the taxes paid by the BCCI.
Does BCCI pay taxes?
There had been a general feeling that the BCCI has been exempted from its taxes by the Indian government – the links of BCCI Secretary Jay Shah with his father Amit Shah, who is the Minister of Home Affairs of an important member of the ruling party, BJP, have often been made by the fans and some media journalists in the past.
However, these rumors were quashed this week and the data on the Indian Cricket Board taxes was revealed. The Income and Expenditure details as per the income tax returns filed by the BCCI over the preceding five years were disclosed in the Rajya Sabha.
BCCI has over $1 billion in their surplus account of last five years
Over the past five years, the BCCI has paid INR 4,298 crore ($518 million) in taxes to the Indian government.
The breakdown of these tax payments is INR 1,159.20 crore in 2021-22, INR 844.92 crore in 2020-21, INR 882.29 crore in 2019-20, INR 815.08 crore in 2018-19, INR 596.63 crore in 2017-18.
Further, the data revealed that the BCCI has had a surplus of INR 4542 crore in the 2021-22 fiscal year, to go with that of INR 1650 Cr in 2020-21 and INR 2700 Crore in 2019-2020.
Overall in the past five years, the Indian Cricket Board has earned INR 24750 crore, which is $3.3 billion, and has shown INR 13500 crore, which is $1.8 billion, in expenses. This means their total surplus of the last five years is a whopping INR 11250 crore, which is $1.5 billion!
