How much tax will ipl 2025 players will have to pay after india budget 2025 26

The day of 1 February 2025, when India’s Union Finance Minister Nirmala Sitharaman presented the budget for FY 2025-2026. The country of India is headed towards hosting 2036 Olympics, for this, Khelo India Scheme has been allocated Rs 1,000 crore. This decision has been taken with the intention of launching a new campaign towards sports in India. Well, if we talk about the players playing in IPL from the point of view of budget, they may have to pay a lot of heavy tax. Know here how much tax will be paid to the players on IPL earnings?

If you remember the IPL 2025 mega auction, the base price was kept at Rs 30 lakh. This means that the player sold in the lowest money to play in IPL 2025 also had a bid of at least 30 lakh rupees. If a player gets 30 lakh rupees to play the next season, then he will have to pay 30 percent tax. Under the budget released for the next session, if a person earns more than 24 lakh rupees a year, then he will have to pay 30 percent tax.

New budget impact on players sold in IPL 2025:

This means that the player who earns 30 lakh rupees in the IPL will have to pay 30 percent tax i.e. 9 lakh rupees as tax. Since the least earnings from the IPL are Rs 30 lakh, every player playing the next season will have to pay 30 percent tax. Let us tell you that in IPL 2025, the most expensive player will be Rishabh Pant, who was bought by LSG for Rs 27 crore. In such a situation, they will have to pay tax of 30 percent i.e. 8 crore 10 lakh rupees. If you understand in easy words, if a player is playing on a salary of Rs 1 crore, then he will get only 70 lakh rupees because he will have to pay 30 lakh rupees as tax.