NEW DELHI: The Board of Control for Cricket in India (BCCI) has reported an income tax payment of Rs 1,159 crore during the fiscal year 2021-22, marking a significant 37 percent increase compared to the previous year. In response to an inquiry posed in the Rajya Sabha, Pankaj Chaudhary, the Minister of State for Finance, provided a detailed breakdown of the BCCI’s income tax contributions as well as its financial inflows and outflows over the past five years based on filed tax returns.
During the financial year 2020-21, the BCCI’s income tax payment amounted to Rs 844.92 crore, which was a reduction from the Rs 882.29 crore paid in 2019-20. In the fiscal year 2019, the board fulfilled tax obligations of Rs 815.08 crore, a substantial increase from the Rs 596.63 crore paid in 2017-18, a newswire PTI report said.
For the 2021-22 fiscal, the BCCI’s total revenue reached Rs 7,606 crore, while its expenditures neared Rs 3,064 crore. In the 2020-21 fiscal year, the organization recorded an income of Rs 4,735 crore, coupled with expenditures totaling Rs 3,080 crore.
The Board has made a surplus of $1.5 billion with earnings of $3.3 billion and expenses of $1.8 billion for the five years from 2017-2022, a newswire AFP report said.
It was revealed that the board had a revenue of $919 million and expenditure of $370 million for the year ending March 2022.
