This story is from November 27, 2024
How much will Rishabh Pant take home from the Rs 27 crore IPL salary?
NEW DELHI: Rishabh Pant shattered records at the Indian Premier League (IPL) 2025 mega auction in Jeddah, Saudi Arabia, becoming the highest-paid player in the league's history. The Lucknow Super Giants (LSG) secured the dynamic wicketkeeper-batter for an unprecedented Rs 27 crore.
Pant's previous franchise Delhi Capitals attempted to retain their star player by exercising the Right to Match (RTM) card at Rs 20.75 crore. However, LSG’s aggressive bid of Rs 27 crore forced Delhi Capitals to step back, sealing Pant’s move to the Lucknow-based franchise.
Pant’s record-breaking contract caps off a remarkable comeback story. After surviving a near-fatal car accident in 2022 and undergoing extensive rehabilitation, he returned to international cricket with a renewed focus for the 2024 season of the IPL.
Also See: IPL 2025
Now, Pant is expected to lead LSG as captain in the upcoming IPL 2025 season, which is scheduled to begin on March 14.
FINANCIAL BREAKDOWN OF RISHABH PANT’S LANDMARK DEAL
While Rs 27 crore headlines Pant’s historic contract, the actual net payout will be a different story due to tax implications.
Lucknow have committed Rs 27 crore per season for Pant's services with the team. The Indian government will claim Rs 8.1 crore in tax (30%) from his total contract value. This leaves Pant with a net salary of Rs 18.9 crore per season from his IPL team.
Speaking about Rishabh Pant's move to LSG, former India player Robin Uthappa opined, “I think the fact that Shreyas was bid for by Punjab Kings was a planned thing, because even if they didn’t go for him, because they had the luxury of having such a big bank, they could have gotten Pant for a little less. I think there was communication where Rishabh really wanted to move on from everything that was DC in the past and go on to other things in life and I think that is why there was less interest from Ponting and Punjab Kings for Pant and more interest in Shreyas.”
Another ex-India player, Mohammad Kaif, said, "With Rishabh Pant joining LSG, the team has gained both a strong brand value and a recognisable face—an essential factor for any franchise. While LSG do not have many big names apart from Pooran, Pant’s presence will significantly benefit them. The decision to jump from ₹21 crore to ₹27 crore was aggressive, but it’s a move that seems justified. They now have an Indian captain, and securing Rishabh Pant at ₹27 crore is a worthwhile deal for LSG."
CONTRACT VALUE: Rs 27 crore (per season)
TAX DEDUCTION: Rs 8.1 crore (as per Indian government regulations)
NET SALARY: Rs 18.9 crore (per season).
Also See: IPL 2025
Now, Pant is expected to lead LSG as captain in the upcoming IPL 2025 season, which is scheduled to begin on March 14.
While Rs 27 crore headlines Pant’s historic contract, the actual net payout will be a different story due to tax implications.
Lucknow have committed Rs 27 crore per season for Pant's services with the team. The Indian government will claim Rs 8.1 crore in tax (30%) from his total contract value. This leaves Pant with a net salary of Rs 18.9 crore per season from his IPL team.
Another ex-India player, Mohammad Kaif, said, "With Rishabh Pant joining LSG, the team has gained both a strong brand value and a recognisable face—an essential factor for any franchise. While LSG do not have many big names apart from Pooran, Pant’s presence will significantly benefit them. The decision to jump from ₹21 crore to ₹27 crore was aggressive, but it’s a move that seems justified. They now have an Indian captain, and securing Rishabh Pant at ₹27 crore is a worthwhile deal for LSG."
CONTRACT VALUE: Rs 27 crore (per season)
TAX DEDUCTION: Rs 8.1 crore (as per Indian government regulations)
NET SALARY: Rs 18.9 crore (per season).
Top Comment
S
Som Sundar
152 days ago
actually this sort of tax deductions are not justified at all. Govt keeps earning without little or no effort. There should be an actual evaluation from whom the tax is being deducted and how much he contributes to the nation. there should be a thorough review and then only decide to collect what tax from whom. The current system is one rule for all which is not at all justified. For evolving a system we need stronger brains, which now unfortunately is not found neither on ruling party or opposition. Govt can form a committe to study on this. Currently the people who are genuinely contributing impact on economy and not so other people are getting even deduction. While business class evades taxes, salaried people and pensioners who just rely on FD returns are taxes un reasonably as they are easy targetsRead allPost comment
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