BCCI Earnings in Financial Year 2021-22, Paid Income Tax of Rs 1159 crore

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The Board of Control for Cricket in India (BCCI) has paid Rs 1,159 crore income tax in the 2021-22 fiscal, 37 per cent higher than the previous year.

In a written reply to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary gave details of the income tax paid by the BCCI and its income and expenditures in the last five years based on the returns filed.

In the financial year 2020-21, BCCI paid Rs 844.92 crore in income tax, lower than Rs 882.29 crore paid in 2019-20. In FY2019, the board paid Rs 815.08 crore as taxes, higher than Rs 596.63 crore paid in 2017-18.

In the 2021-22 fiscal, BCCI had earned a revenue of Rs 7,606 crore, while its expenditure stood at close to Rs 3,064 crore. In 2020-21, its income stood at Rs 4,735 crore and expenditure at Rs 3,080 crore.

BCCI to pay ICC’s tax for World Cup 2023

On behalf of the ICC, BCCI will pay the Indian Government a whopping Rs 963 crores in taxes for the 2023 ODI World Cup which will be stage in the country from October 5.

The BCCI and the ICC signed a host agreement that included the tax exemption when three men’s events—the 2016 T20 World Cup, the 2018 Champions Trophy (later changed to the 2021 T20 World Cup which was moved to the UAE and Oman due to the Covid-19 pandemic), and the 2023 ODI World Cup - were awarded to India back in 2014.

The BCCI was “obligated” to help the ICC (and all of its corporate partners) secure tax concessions, as stated in the contract.

(With inputs from PTI)