The Board of Control for Cricket in India (BCCI), the apex governing body for cricket in the country, made a substantial contribution to the nation's finances during the 2021-22 fiscal year. The BCCI demonstrated its financial responsibility by paying a remarkable Rs 1,159 crore in income tax, marking a noteworthy increase of 37 percent compared to the preceding year.
This information was unveiled through a written response in the Rajya Sabha, where Minister of State for Finance, Pankaj Chaudhary, provided comprehensive insights into the financial activities of the BCCI. The details encompassed not only the income tax paid by the board but also shed light on its revenue and expenditures over the past five years, as disclosed through their filed returns.
During the fiscal year 2020-21, the BCCI fulfilled its tax obligations with a payment of Rs 844.92 crore in income tax. This figure, although lower than the previous fiscal year's amount of Rs 882.29 crore, still underscored the BCCI's significant financial contributions.
Looking further back, in FY2019, the BCCI made a substantial tax payment of Rs 815.08 crore, surpassing the Rs 596.63 crore paid in the fiscal year 2017-18. This consistent upward trajectory in tax payments illustrates the BCCI's role as a key player in contributing to the nation's revenue.
In the 2021-22 fiscal year, the BCCI not only demonstrated its financial prowess through tax payments but also showcased its robust financial performance. The board's revenue during this period reached an impressive Rs 7,606 crore, a testament to its influence and popularity. Simultaneously, its expenditure for the fiscal year stood at nearly Rs 3,064 crore, indicating the efficient management of resources.
Comparatively, in the previous fiscal year (2020-21), the BCCI reported an income of Rs 4,735 crore, with expenditures amounting to Rs 3,080 crore, reflecting its consistent financial stability and growth.
The BCCI's financial achievements over these years serve as a testament to its integral role in the realm of Indian cricket and its broader impact on the nation's economic landscape.
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