World Champion Gukesh will suffer a loss of crores, tax will have to be paid from the prize money, how much money will the government take?

New Delhi. D Gukesh had not too long ago received the title of World Chess Championship. He defeated Ding Liren of China. Gukesh obtained Rs 11.34 crore as prize money after the victory. But Gukesh will have to pay some of this quantity as tax to the government. Due to which they will suffer a loss of crores of rupees.

After successful the World Chess Championship, Gukesh’s whole wealth turned roughly Rs 21 crore. In India, Gukesh will most likely fall in the 30% tax slab, beneath which he will pay round Rs 3 crore as tax on the successful quantity. Reports declare that surge cost will additionally be relevant on this. Therefore, Gukesh will have to pay roughly Rs 4.67 crore as tax. The whole prize money in the 2024 World Chess Championship was.

According to FIDE guidelines, gamers got roughly Rs 1.68 crore for every win. Gukesh received three video games (Games 3, 11 and 14) and earned Rs 5.04 crore from his winnings, whereas Ding earned Rs 36 crore for successful Games 1 and 12. The remaining quantity of Rs 1.5 million 12.5 crore was divided equally between the two gamers. Overall, Gukesh earned Rs 11.34 crore, whereas Ding received round Rs 9.66 crore.

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