In our associate channel CNBC Awaaz, tax expert Sharad Kohli told how much tax cricketer Vaibhav Suryavanshi will have to pay now. Where does cricketer Vaibhav Suryavanshi, who became a star at the age of 15, earn from and how much tax will he have to pay this time? Sharad Kohli said that since the income of around Rs 7 crore from IPL or cricket is from Vaibhav’s own talent, it will not be added to the income of the parents. A separate ITR will be filed in Vaibhav’s name, which will be signed by his guardian as he is a minor. This income of Rs 7 crore will be taxed at an effective rate of 30%, due to which after deducting the tax, they will be left with about Rs 4.90 crore. Complete details in this video…
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