D Gukesh made history on Thursday by becoming the youngest-ever World Chess Champion at just 18. The Indian grandmaster defeated reigning world champion Diren Ling to become just the second Indian after Vishwanathan Anand to achieve the feat.
While the entire nation celebrated youngsters success, certain section of fans congratulated Income tax department and Finance Minister Nirmala Sitharaman. The reason behind the trolling is the amount that Income Tax department will receive from the prize money received by Gukesh after winning the title.
How Much Income Tax Gukesh Will Pay?
Gukesh's net worth jumped to nearly 21 crore after winning the World Chess Championship. In India, Gukesh will likely fall in 30% tax slab which means that he'll be playing around ₹3 crore as Income Tax on the winning amount. Reports claim that there will be a surge charge as well so Gukesh will be paying approx ₹4.67 crore as Income Tax
Prize money D Gukesh received after winning World Chess Championship
The 2024 World Chess Championship boasts a total prize pool of $2.5 million. According to FIDE’s rules, players are awarded $200,000 (₹1.68 crore approximately) for each win, with the remaining prize money to be split equally between the two finalists.
Gukesh triumphed in three games (Games 3, 11, and 14), earning $600,000 (₹5.04 crore approximately) from his victories, while Ding secured $400,000 (₹3.36 crore) for winning Games 1 and 12. The remaining $1.5 million will be evenly divided between the two players.
In total, Gukesh earned $1.35 million (₹11.34 crore approximately), while Ding took home $1.15 million (₹9.66 crore approximately).
Gukesh on winning world chess champion
After becoming the World chess champion not only was Gukesh emotional but also spoke about his dream of winning the crown. He said, “I was dreaming this moment for last 10 years. Happy I realised this dream. I got a bit emotional because I was not expecting to win. But then I got a chance to press on. I've been dreaming about this and living this moment since I was 6 or 7. Every chess player wants to live this moment. I'm living my dream. I'd like to thank God from candidates till the championship,” .
