BCCI paid INR 1,159 crore income tax in 2021-22, 37% higher than previous financial year

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

In the FY 2020-21, BCCI paid INR 844.92 crore in income tax, while INR 882.29 crore in the 2019-20 fiscal. The Indian cricket board paid INR 815.08 crore as taxes in FY2018-19, which was higher than Rs. 596.63 crore paid in 2017-18.

BCCI earned a revenue of INR 7,606 crore in the 2021-22 fiscal while its outlay was near to INR 3,064 crore. In 2020-21, its income was INR 4,735 crore, and expenditure was INR 3,080 crore.

In a written response to a question in the Rajya Sabha, Pankaj Chaudhary, Minister of State for Finance, disclosed details regarding the income tax paid by the BCCI and its earnings and expenses for the preceding five years based on the filings produced.

BCCI to pay ICC’s tax for ODI World Cup 2023

The BCCI will pay the Indian Government a staggering INR 963 crore in taxes for the next Cricket World Cup 2023 on behalf of the ICC (International Cricket Council).

When three men's competitions—the 2016 T20 World Cup, the 2018 Champions Trophy (later renamed to the 2021 T20 World Cup, which was contested in 2022 in UAE and Oman due to the Covid-19 pandemic), and the 2023 ODI World Cup—were awarded to India in 2014, the BCCI and the ICC had already inked a host agreement that contained the tax exemption. According to the deal, the BCCI was "obligated" to assist the ICC in obtaining tax benefits. 

According to ESPNCricinfo, the Indian tax authorities told the ICC in 2022 that a 20% tax order will be levied on the World Cup 2023 broadcast profits. The BCCI informed its members and state organisations in a memo that any taxes "incurred" by the ICC would be "adjusted" against the revenues received by the Indian board from the central revenue pool. Furthermore, the ICC is expected to collect USD 533.29 million from the showpiece event broadcasts.