Rishabh Pant Won't Get Rs 27 Crore From IPL. Here's Why

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Rishabh Pant has been signed by Lucknow Super Giants for a whopping sum of Rs 27 crore.

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However, he would not be getting this entire amount of his salary.

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The southpaw will lose a major part of his salary in taxes.

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From Pant's IPL income, 10 per cent will be lost due to Tax Deduction at Source (TDS).

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However, this is not the overall tax that Rishabh Pant will pay.

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The overall tax deduction for Pant will depend on his overall salary, including those outside IPL.

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A high income means Pant will come under 30% tax slab, plus applicable surcharge and cess.

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Rishabh Pant Won't Get Rs 27 Crore From IPL. Here's Why

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Rishabh Pant has been signed by Lucknow Super Giants for a whopping sum of Rs 27 crore.

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However, he would not be getting this entire amount of his salary.

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The southpaw will lose a major part of his salary in taxes.

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From Pant's IPL income, 10 per cent will be lost due to Tax Deduction at Source (TDS).

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However, this is not the overall tax that Rishabh Pant will pay.

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The overall tax deduction for Pant will depend on his overall salary, including those outside IPL.

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A high income means Pant will come under 30% tax slab, plus applicable surcharge and cess.

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For more sports news