Eighteen-year-old D Gukesh has become the youngest World Chess Champion, defeating Ding Liren. While celebrated for his historic win, fans have humorously directed their attention to Finance Minister Nirmala Sitharaman and the Income Tax Department. This lighthearted trolling stems from Gukesh's estimated tax liability of £4.67 crore on his prize winnings, which amount to approximately £11.34 crore.
Indian chess prodigy D Gukesh etched his name in history on Thursday by becoming the youngest-ever World Chess Champion at just 18. Gukesh defeated reigning champion Ding Liren to secure the coveted title, becoming only the second Indian, after the legendary Viswanathan Anand, to achieve this remark
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FAQ :
D Gukesh is expected to pay approximately £4.67 crore in taxes on his prize winnings, factoring in income tax, surcharge, and other applicable taxes.
D Gukesh's total earnings from the 2024 World Chess Championship are approximately £11.34 crore.
Fans are humorously trolling the Finance Minister and the Income Tax Department due to the substantial tax amount D Gukesh will owe on his championship winnings.
D Gukesh's total net worth has surged to approximately £21 crore following his victory.
The standard income tax slab for winnings in India is 30%.