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BCCI Pays Record Rs 1,159 Crore in Income Tax for FY 2021-2022

BCCI Pays Rs 1,159 Crore in Income Tax for 2021-2022

Editor Ritam English by Editor Ritam English
Jul 23, 2024, 05:51 pm IST
BCCI Pays Record Rs 1,159 Crore in Income Tax for FY 2021-2022

BCCI Pays Record Rs 1,159 Crore in Income Tax for FY 2021-2022

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The Board of Control for Cricket in India (BCCI) paid a hefty sum of Rs 1,159 crore in income tax for the fiscal year 2021-2022. This information was shared by the state minister of finance, Pankaj Chaudhary, in a written response to a question in the Rajya Sabha. The data included details on the income tax paid by the BCCI, along with its revenue and expenditures for the last five years, based on the reports submitted.

For the fiscal year 2020-2021, the BCCI paid Rs 844.92 crore in income tax, which was slightly less than the Rs 882.29 crore paid in the previous year, 2019-2020. In FY2019, the tax amount was Rs 815.08 crore, which was higher compared to Rs 596.63 crore paid in 2017-2018.

In terms of revenue, the BCCI earned a significant Rs 7,606 crore for the fiscal year 2021-2022, while its expenditures were about Rs 3,064 crore. The previous fiscal year, 2020-2021, saw the BCCI earning Rs 4,735 crore in revenue, with expenses amounting to Rs 3,080 crore.

Upcoming ODI World Cup Schedule

The BCCI, in collaboration with the International Cricket Council (ICC), is working on finalizing the updated schedule for the upcoming ODI World Cup. The tournament is set to begin on October 5.

One of the major matches, India vs. Pakistan, was initially scheduled for October 15. However, due to the start of the Navaratri festival, there were requests to reschedule this match. The BCCI has proposed moving the match to October 14, but the venue, Ahmedabad’s Narendra Modi Stadium, will remain unchanged.

Additionally, the Cricket Association of Bengal (CAB) has requested the BCCI to reschedule the Pakistan vs. England game, which is set to take place on November 12, as it coincides with the Kali Puja festival.

These changes are part of the ongoing efforts to ensure that the tournament runs smoothly while respecting cultural and religious events.

ALSO READ: ‘Union Budget 2024: Defence Ministry Gets Record Rs 6.22 Lakh Crore Allocation”

Tags: BCCIBoard of Control for Cricket in India
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