The Board of Control for Cricket in India (BCCI) has paid a record INR 1,159 crore in income tax for the financial year 2021-22, up 37% from the previous year.
This is the highest amount of income tax ever paid by the BCCI in a single year.
The BCCI’s income for the year was INR 7,606 crore, which was up 55% from the previous year. The board’s expenditure for the year was INR 3,064 crore, which was up 30% from the previous year.
The BCCI’s income tax payment is a significant contribution to the Indian government’s coffers. The BCCI is the richest sports body in the world, and its income tax payment is a sign of its financial strength.
In addition to paying INR 1,159 crore in income tax, the BCCI has also agreed to pay INR 963 crore in taxes on behalf of the International Cricket Council (ICC) for the 2023 Cricket World Cup.
The ICC is required to pay taxes on the profits it makes from the World Cup, but the BCCI has agreed to pay these taxes on the ICC’s behalf as part of a host agreement that was signed in 2014.