Chess champion Gukesh's prize money was reduced to half, government will collect a 42.5% tax; Know how much money he will get again

D Gukesh Prize Money Tax Deduction: 18-year-old Gukesh became the chess king a few days ago. Now big news has come out about his prize money.

D Gukesh Prize Money Tax Deduction: D Gukesh has been in the news for the last few days, and why not? He has done such a feat at the age of just 18 that everyone in the sports world is praising him. Gukesh won the World Chess Championship title a few days ago. Now

big news has come out regarding his prize money. 

Grandmaster D Gukesh defeated the previous champion Ding Liren last Thursday to become the new champion. He became the youngest world chess champion. Gukesh is the second Indian to win this title after Vishwanathan Anand. Gukesh got a bumper prize money for becoming the champion. However, now the news has come that his prize money will be halved. In fact, the government will take 42.5 percent of his prize money as tax. 

D Gukesh received $13 lakh (i.e. about Rs 11.03 crore) for winning the World Chess Championship. Now, about Rs 5 crore will be deducted from this amount. According to the report, about Rs 4.67 crore will be deducted from Gukesh's prize money as tax. He will have to give this amount to the government. 

Let us tell you that when a player gets any money from the government or that sports association, he does not have to pay tax on it, but the government levies tax on the prize money that a player gets on winning a tournament. Therefore, Gukesh will have to pay tax on the prize money he gets on winning the championship. 

Such was the journey of D Gukesh

D Gukesh was born on 29 May 2006 in Chennai, Tamil Nadu. His father's name is Rajnikanth he is a nose, ear and throat specialist doctor by profession. His mother Padma is also a doctor by profession and her area of ​​specialty is microbiology. Gukesh belongs to a Telugu-speaking family and started playing chess at the age of just 7 years. Father Rajnikanth left his job to make D Gukesh the king of chess. Then his mother took over the responsibilities of the house. 

D Gukesh won his first championship at the age of just 9. He won the Under-9 Asian School Chess Championship at the age of just 9. Three years later, he won the World Youth Chess Championship at the Under-12 level. At the age of 12, he won not one, not two, but 5 gold medals in the 2018 Asian Youth Chess Championship. In March 2017, he became the third youngest chess grandmaster in history by winning the International Master Tournament.

Source : Photo- Social Media