New Delhi: D Gukesh made history last week by becoming the youngest-ever World Champion in chess, beating Ding Liren of China in the 14-game match. The 18-year-old from Chennai became the 18th World Champion in the over century-long history of chess and the youngest after beating Garry Kasparov’s record of winning the title at the age of 22 and heralding the arrival of a new king on the chess horizon.
With this win, Gukesh pocketed prize money of $1.35 million (approx Rs 11.45 crore) while Ding Liren took $1.15 million (approx Rs 9.75 crore) from the total prize fund of US$2.5 million.
Meanwhile, as the nature of the social media is, a barrage of comments poured in on X (formerly Twitter), wittily congratulating the Income Tax department for Gukesh’s winning money. The reason, social media comments are flooding on X, is none other than the tax component that forms a part of Gukesh’s prize money, which the netizens are calculating to be hefty.
Several users have since tagged @nsitharaman, @nsitharamanoffc, @IncomeTaxIndia, and @FinMinIndia on X, saying that the I-T department comes out as a winner, thus getting Rs 5 crore as income tax money from Gukesh’s prize money.
Congrats to the Indian Tax dept for winning the World Chess Championship and earning 5 crores out of the 11 crore prize money. — Gabbar (@GabbbarSingh)
The Indian Tax Department is always a step ahead, making sure they get their share of the winnings! Even in chess, they manage to checkmate the earnings.
Earned 5 crore out of 11 crore.
— Sarvesh Yadav (@Savy23_09)
Congrats to the Indian Tax dept for winning the World Chess Championship and earning 5 crores out of the 11 crore prize money. — Gabbar (@GabbbarSingh)
Tn Govt : 5cr award for Gukesh!
Madam : Tax to dena padega!!
_
— Jitendra Jain (@jitendrajain)
will have to pay more than 42% of the 11 crore prize money as income tax — Mridul Sharma (@msharma_1)
Gukesh Will Pay _4.67 Crore As Tax From His World Championship Winning Amount Of 11 Crore _ — Kamran (@CitizenKamran)
Gukesh wins ₹11 crore after a chess championship.
Now the government charges 42% tax on this and takes away almost ₹5 crore.
You know who is the real grandmaster!!
— Neha Nagar (@nehanagarr)
Meanwhile, Gukesh has thanked Tamil Nadu Chief Minister MK Stalin and Deputy CM Udhayanidhi Stalin for supporting him in his chess journey, reported PTI.
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