D. Gukesh total prize money of $1.35 million, but after tax?

Total Win $1.35million, after tax win? Radiocity By Radiocity Team Published Dec 13, 2024 [{ "selector": ".custom-gradient", "duration": "500ms", "fill": "forwards", "keyframes": [ { "offset": 0, "transform": "translateY(100px)" }, { "offset": 1, "transform": "translateY(0)" } ] }]

Total Prize Money D. Gukesh won a total prize money of $1.35 million (approximately Rs 11.34 crore) in the 2024 World Chess Championship. [{ "selector": ".custom-gradient", "duration": "500ms", "fill": "forwards", "keyframes": [ { "offset": 0, "transform": "translateY(100px)" }, { "offset": 1, "transform": "translateY(0)" } ] }]

Additional Earnings He earned an extra $600,000 (approx. Rs 5.04 crore) for winning three classical games. [{ "selector": ".custom-gradient", "duration": "500ms", "fill": "forwards", "keyframes": [ { "offset": 0, "transform": "translateY(100px)" }, { "offset": 1, "transform": "translateY(0)" } ] }]

Tax Rate In India, the income tax rate for high-income earners can go up to 30 percent [{ "selector": ".custom-gradient", "duration": "500ms", "fill": "forwards", "keyframes": [ { "offset": 0, "transform": "translateY(100px)" }, { "offset": 1, "transform": "translateY(0)" } ] }]

Estimated Tax Deduction Assuming a 30 percent tax rate, the total tax on 1.35 million dollars would be around 405,000.dollars [{ "selector": ".custom-gradient", "duration": "500ms", "fill": "forwards", "keyframes": [ { "offset": 0, "transform": "translateY(100px)" }, { "offset": 1, "transform": "translateY(0)" } ] }]

Net Prize Money After deducting taxes, Gukesh would receive approximately $945,000 (around Rs 7.9 crore). [{ "selector": ".custom-gradient", "duration": "500ms", "fill": "forwards", "keyframes": [ { "offset": 0, "transform": "translateY(100px)" }, { "offset": 1, "transform": "translateY(0)" } ] }]

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