Gukesh To Pay ₹4.7 Crore After Winning ₹12 Crore Prize Money!

Dec 16, 2024 Komal Das

D Gukesh made history by defeating reigning champion Ding Liren of China to become the youngest World Chess Champion at just 18 years old

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Gukesh's journey to the title was intense, overcoming early setbacks and capitalizing on a decisive error by Liren in the tiebreaker

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The win not only secured his place in chess history but also brought him significant prize money

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The total prize pool for the championship was $2.5 million (approximately ₹20.75 crore)

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Gukesh earned $1.35 million (₹11.34 crore), including $600,000 (₹5.04 crore) for his three game wins, while Liren took home $1.15 million (₹9.41 crore)

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However, Gukesh’s windfall is subject to India's taxation laws, which have sparked a wave of discussion online

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Falling under the 30% tax bracket, Gukesh is expected to pay approximately ₹4.67 crore in income tax after accounting for surcharges

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Gukesh's net worth jumped to nearly 21 crores after winning the World Chess Championship

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