News > D Gukesh to pay whopping income tax after winning Rs 11 crore prize money

D Gukesh to pay whopping income tax after winning Rs 11 crore prize money

DNA India | 16/12/2024 03:12 PM | Click to read full article

Gukesh's net worth surged to nearly Rs 21 crore after winning the World Chess Championship. In India, he is expected to fall under the 30% tax slab, meaning he will pay around Rs 3 crore in income tax on his winnings. An additional surcharge will apply, so Gukesh is expected to pay approximately Rs 4.67 crore in total income tax. Netizens expressed dissatisfaction with the high taxes on Gukesh, who represented the country on the global stage.

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