EXPLAINED: Why Rishabh Pant Will Not Recieve Rs 27 Crore At LSG Despite Fetching All-Time Record Bid At IPL 2025 Auction
Rishabh Pant's contract is of Rs 27 crore per season. Now, he will not receive that full Rs 27 crore. According to the Government of India Income Tax slabs as of the 2024-25 financial year, a person with a salary of Rs 15 lakh or more per year will have to pay 30% of it as tax.