Top 3 players who suffered financial losses after Union Budget announcements
Virat Kohli was the highest tax-paying cricketer in the financial year 2023-24, paying INR 66 crore.
2. MS Dhoni (2016-17 Budget Impact):
The 2016-17 Budget, with the introduction of Goods and Services Tax (GST), significantly affected former World Cup-winning skipper MS Dhoni’s business ventures. Increased luxury tax rates and higher GST (18-28%) on premium sports academies led to financial losses in his real estate and fitness investments. These tax changes raised operational costs and reduced returns on investments, impacting his earnings as a businessman.
Despite financial setbacks, Dhoni remained among India’s highest taxpayers, paying INR 30 crore as advance tax in 2020-21. Previously, he paid INR 12.17 crore in 2017-18 and INR 10.93 crore in 2016-17. In 2024, Dhoni filed a criminal case against former business partners Mihir Diwakar and Soumya Vishwas, alleging they duped him of over INR 15 crore through setting up of unauthorized cricket academies.
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