Government will get Rs 89.40 crore
Out of the Rs 639.15 crore spent by 10 franchises on 182 players in the IPL auction, the payment will be made to the players only after deducting TDS. This TDS will go to the Government of India. 639.15 crores have been spent in this year’s auction. In this, bids worth Rs 383.40 crore will be made on Indian players and bids worth Rs 255.75 crore will be made on foreign players. According to the rules, 10 percent TDS is levied on Indian players and 10 percent TDS is levied on foreign players. According to this, TDS of Indian players comes to Rs 38.34 crore and TDS of foreign players comes to Rs 51.15 crore. That is, the amount received by the players from this mega auction is going to bring Rs 89.49 crore to the treasury of the Government of India.
Historic bid on Rishabh Pant
India’s wicketkeeper-batsman Rishabh Pant became the most expensive player in the Indian Premier League by surpassing current champion KKR captain Shreyas Iyer, who was bought by Lucknow Super Giants for Rs 27 crore in the mega auction here on Sunday, but Venkatesh Iyer got an unexpected price. There was a huge bid.
Shreyas Iyer got Rs 26 crore 75 lakh
Captain Shreyas Iyer, who led Kolkata Knight Riders to the IPL title this year, joined Punjab Kings for Rs 26 crore 75 lakh. There was a fierce competition for Pant between Sunrisers Hyderabad and Lucknow. Delhi Capitals first used the ‘Right to Match’ at Rs 20 crore 75 lakh, but when Lucknow made the last bid of Rs 27 crore, the Delhi team backed out. Iyer and Pant can be the captains of their respective teams in the IPL 2025 season starting from March 14.
