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BCCI Paid Massive Rs 1,159 Crore Income Tax for the year 2021-22

The fiscal year 2021-22 witnessed the Board of Control for Cricket in India (BCCI) making a substantial financial contribution to the nation as it paid a staggering Rs 1,159 crore in income tax. This revelation came to light as the Minister of State for Finance, Pankaj Chaudhary, responded to an inquiry during a session in the Rajya Sabha. The detailed breakdown of BCCI’s income tax payments, coupled with its financial performance over the past five years, was shared based on the returns filed.

The financial accountability displayed by BCCI in terms of income tax is evident across the years. In the preceding fiscal year, 2020-21, the cricket governing body paid Rs 844.92 crore in income tax. This figure, while notably lower, aligned with the Rs 882.29 crore paid in the 2019-20 fiscal period.

Digging further into the financial records, it becomes evident that BCCI’s tax contributions have been on a commendable ascent. In the financial year 2019, the board directed Rs 815.08 crore towards taxesβ€”an impressive surge from the Rs 596.63 crore paid in 2017-18. These figures showcase the upward trajectory of BCCI’s financial involvement and contribution to the nation’s revenue.

The financial outlay of the BCCI in the 2021-22 fiscal year is just as striking as its tax payments. With a revenue of Rs 7,606 crore recorded, the cricket body displayed its robust financial standing. A closer look at its expenditures reveals a responsible management approach, with expenses reaching nearly Rs 3,064 crore. This fiscal responsibility aligns with the board’s commitment to not only excel in the realm of cricket but also manage its finances prudently.

Similarly, in the preceding fiscal year, 2020-21, BCCI reported an income of Rs 4,735 crore, while its expenditures hovered around Rs 3,080 crore. These financial figures underscore the BCCI’s intricate balancing act, maintaining a healthy revenue stream while allocating resources judiciously to sustain and grow the sport.

The BCCI’s financial contributions underscore its pivotal role not only in shaping the cricketing landscape but also in contributing significantly to the country’s revenue. As the BCCI continues to make strides both on and off the field, its financial performance remains a testament to its commitment to excellence and its integral role in India’s economic landscape.

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