The Board of Control for Cricket in India (BCCI) has reported a combined revenue of Rs 27,411 crore in the last five years, thats from FY18 to FY22. Pankaj Chaudhary, MoS, Finance, told the Rajya Sabha.
The cricket regulatory body has its earnings coming from media rights, sponsorships, and revenue shares from International Cricket Council (ICC).
Shiv Sena (Uddhav Thackeray faction) MP Anil Desai had tabled a question asking whether the centre was aware that BCCI was the second wealthiest sports organisation globally. Desai asked the government to share BCCI's income, expenditures and tax details over the last five years.
BCCI paid Rs 1,159 cr income tax in 2021-22, 37 pc higher than last year
BCCI paid Rs 1,159 crore income tax in 2021-22, which is 37 per cent higher than the previous year.
In the written reply, Minister of State for Finance Pankaj Chaudhary gave details of the income tax paid by the BCCI and its income and expenditures in the last five years based on the returns filed.
In the financial year 2020-21, BCCI paid Rs 844.92 crore in income tax, lower than Rs 882.29 crore paid in 2019-20.
In FY2019, the board paid Rs 815.08 crore as taxes, higher than Rs 596.63 crore paid in 2017-18.
In the 2021-22 fiscal, BCCI had earned a revenue of Rs 7,606 crore, while its expenditure stood at close to Rs 3,064 crore.
In 2020-21, its income stood at Rs 4,735 crore and expenditure at Rs 3,080 crore.