In a cricket-dominated nation, India’s chess sensation D. Gukesh has made headlines by becoming the youngest world chess champion at just 18 years old, defeating China’s Ding Liren 7.5-6.5 in the World Chess Championship held in Singapore. This victory not only cements his place in history but also brings significant financial implications, as Gukesh faces a tax liability of Rs 4.67 crore, surpassing the entire IPL salary of celebrated cricketer MS Dhoni for the upcoming season.
Gukesh’s total earnings from the championship are estimated at Rs 11.34 crore, with his tax obligation overshadowing Dhoni’sRs 4 crore salary. In India, individuals earning over Rs 15 lakh are taxed at 30%, and those exceeding Rs 5 crore face additional surcharges, leading to effective rates over 42%. Despite the financial challenges, Gukesh emphasized that his passion for chess drives him more than monetary gain, stating, “Personally, money isn’t the reason I play chess.”
His remarkable journey reflects not only his talent but also the evolving landscape of Indian chess, inspiring a new generation of players. As he navigates this newfound fame and responsibility, Gukesh remains committed to his craft, focusing on the joy of the game rather than its financial rewards.