Not 27 crore! Know more about Rishabh Pant's actual salary for IPL 2025

In IPL, players are contracted for a fixed duration, usually spanning three years, and the amount spent by a franchise on a player is paid on a per-season basis. In Rishabh Pant's case, LSG has committed INR 27 crore for the 2025 season, which is the amount he will earn for just this season.

If he continues for the full three-year term, he will earn INR 27 crore each year, bringing his total salary to a staggering INR 81 crore over the course of his contract. 

Also Read: Rishabh Pant finds new home in IPL, goes to LSG for record-breaking INR 27 crores

Rishabh Pant to earn 18.9 crore in IPL 2025

Also, a tax of Rs 8.1 crore will be deducted by the Income Tax department from Pant’s overall contract amount. As a result, Pant will receive a net salary of Rs 18.9 crore from LSG for IPL 2025. There are chances of the player getting injured before or during the tournament. In such case, if Pant is injured during the IPL, he will be entitled to his full payment. 

However, if he gets injured prior to the tournament, resulting in his inability to participate in the league, which starts in March 2025, the franchise reserves the authority to substitute him with another player. This is the rule for all the players in the IPL, irrespective of capped or uncapped player. 

Also Read: LSG owner Sanjiv Goenka reveals real motive behind buying Rishabh Pant

How are players taxed on their IPL salaries?

Taxation of Indian and foreign players in India, particularly in events such as the IPL (Indian Premier League), varies according to their residential status and the applicable Indian tax laws on income earned in India:

Residential Status

1. Indian players are typically considered residents of India for tax purposes, making their worldwide income subject to taxation in the country.
2. Foreign players are typically classified as non-residents for Indian tax purposes due to their limited time spent in India during the IPL season.
3. Players will receive their funds according to the tax deduction at source (TDS) rates set at 10% for Indian players and 20% for foreign players.
4. Prior to receiving payment, players must sign a tripartite agreement with both the BCCI and the franchise. If a franchise fails to make a payment, the BCCI will step in to make the payment and deduct the appropriate amount from the franchise's central revenue fund.