Football player

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MAMG and Co

MAMG and Co (Querist)
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05 October 2013 Is service tax applicable to a professional footballer if he receives professional fees from a club?

Ajay Mishra

Ajay Mishra (Expert)
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05 October 2013 Hi

A 12.36 per cent service tax will now be levied on all players – men and women – who earn more than Rs 10 lakh from match fees (this includes prize or award money). Coaches, match referees, umpires and other support staff of teams earning above Rs 10 lakh annually will also be taxed.

Read more:
http://www.dailymail.co.uk/indiahome/indianews/article-2168873/Filmstars-income-promotional-adverts-new-levy.html

MAMG and Co

MAMG and Co (Querist)
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05 October 2013 hi,

Thank you Mr. Mishra. Also this is from A.Y 13-14 onwards, right?

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