The Board of Control for Cricket in India (BCCI) over the past 5 years has paid a substantial INR 4,298 crore in income tax. It is worth mentioning, BCCI has paid INR 1,159 crore income tax in the 2021-22 fiscal which is 37 per cent higher than the previous year.
BCCI Paid INR 4298 Cr Income Tax
Contrary to popular belief, the BCCI, despite being widely perceived to have tax exemption, has consistently fulfilled its income tax obligations.
This was revealed by Union Minister of State for Finance, Pankaj Chaudhary, during a statement he made in the Rajya Sabha on Tuesday, August 8. In the last five years alone, the BCCI has contributed a total of Rs 4,298.12 crore towards income tax.
The breakdown of these tax payments is as follows:
- Rs 844.92 crore in 2020-21
- Rs 882.29 crore in 2019-20
- Rs 815.08 crore in 2018-19
- Rs 596.63 crore in 2017-18
- An additional Rs 1,159.20 crore in the most recent financial year.
The disclosure came in response to a query posed by member Anil Desai. The member’s questions were as follows:
(a) Whether the Government is aware that the Board of Control for Cricket in India (BCCI) ranks as the second richest sports body globally, and if so, could the income and expenditure of the BCCI over the past five years be provided?
(b) Whether the BCCI has made any income tax payments during the last five years, and if so, could the specifics be elucidated?
(c) If not, could the reasons behind this be explained?”
In reply, the Minister stated that the Government does not maintain data pertaining to sports bodies on a global scale. Nevertheless, he presented the Income and Expenditure details as per the income tax returns filed over the preceding five years
In the 2021-22 fiscal, BCCI 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 is the national governing body of Cricket in India. Its headquarters is situated at the Cricket Centre in Churchgate, Mumbai. The BCCI is the wealthiest governing body of cricket in the world.
The BCCI has hosted multiple ICC World Cups and will host the 2023 Cricket World Cup, the 2026 ICC T20 World Cup, the 2031 ICC ODI Cricket World Cup, and the 2025 Women’s Cricket World Cup.