Vaibhav Suryavanshi's Rs 7 Crore IPL Deal: How India Taxes Minor Athletes

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Fifteen-year-old cricketer Vaibhav Suryavanshi recently secured a Rs 7 crore IPL contract, raising questions about how such earnings are taxed in India. Under the Income Tax Act, minors cannot be taxed independently on their income. Tax experts point to 'clubbing provisions' in the law, which require a minor child's income to be added to the income of whichever parent earns more. The higher-earning parent is then liable to pay tax on that combined income. This legal framework effectively ensures that substantial earnings by minors like Suryavanshi are still subject to income tax through their parents.

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