Zaheer Khan Left arm fast bowler for Indian Cricket Team since 2000 Claimed maximum wickets in WC2011i.e 21 highest Test score by a number 11 batsmen-75runs Highest partnership for 11th wicket – 133 runs Apart from being a bowler, has a restaurant on his in Pune called ‘ZK’s’ 33years old ,Born in Shrirampur , Maharashtra
Income from Head Salary Employed as Air India Executive Particulars Amount (Rs) Amount (Rs)Basic Salary (12 X 25,000) 3,00,000Add : Dearness Allowance ( 15% of Basic ) 45,000Add : Entertainment Allowance (12X 2100) 25,200Add : House Rent Allowance ( Stays with Parents ) 24,000Perquisites : 1. Life Insurance Premium 14,000 2. Value of Stock Options 16,000Bonus ( 10% of Basic ) 30,000Gross Taxable Income 4,54,200Less : Deductions u/s 16 1. Entertainment Allowance NIL 2. Professional Tax 30,000 NILIncome Under the head Salary 4,24,200
Income from House Property Particulars Mumbai Shrirampur (Parel) (SOP)Fair Rent 4,65,00,000 17,00,000Municipal Valuation 4,00,00,000 3,00,000Higher of Fair rent & Municipal Valuation 4,65,00,000 17,00,000Standard Rent Nil 6,00,000Higher of Reasonable Letable Value and Standard Nil 17,00,000Rent ( 1 )Actual Rent (2) Nil NilGross Annual Value (Higher of 1 and 2 ) Nil 17,00,000Less : Municipal Taxes Paid Nil 25,000Net Annual Value Nil 16,75,000Less : Deductions u/s 24i) Standard Deduction (30%) Nil -5,02,500Income From House Property Nil 11,72,500
Income From Business/ProfessionPARTICULARS AMOUNT (Rs.)Retainership Fees :- General fees from BBCI (Grade A player) 1,00,00,000Test Matches(6x7L) 42,00,000ODI(20x4L) 80,00,000T20(3xx2L) 6,00,000IPL 1,44,00,000Total Income form Business/Profession 3,32,00,000
Computation of Income from Other Sources Particulars Amount (Rs) Amount(Rs)Income from Endorsements 7,00,00,000(Dabur, Addidas, Airtel Dish TV , Kingfisher , Nikeetc)Royalty from Restaurant “ ZK‟S – Pune ” 2,00,00,000 Income from Other sources 9,00,00,000 Exemptions All Price Money Received from BCCI for matches Arjuna Award Received from Government of India
Income from Capital GainsParticulars Amount (Rs.)Gain from Investments in Equity Market with IndiaBulls 1,00,000Financial ServicesTotal 1,00,000
Related Facts• House in Parel is Self Occupied and moved in with Actress Isha Sharwani• Born in Shrirampur , Property is Deemed to be let out and is owned by him.• His brother and Uncle run restaurant called Zk’s in Pune , Zaheer visits it on his Free Weekends to Promote it.
Computation of Total Income Particulars Amount (Rs) Amount (Rs)1. Income under the head salaries 4,24,2002. Income from house property 11,72,5003. Profits and Gains from Business / Profession 3,32,00,0004. Capital Gains 1,00,0005. Income from other sources 9,00,00,000Gross Total Income 12,48,96,700Less : Deductions under Chapter 6 A 41,500Total Income ( A – B ) 12,48,55,200
Introduction about Virat KohliVirat Kohli Born: Nov 05 , 1988, Delhi Team: India, Bangalore Royal Challengers Batting Style: RHS Bowling Style: RHS Test Debut: NA ODI Debut: vs Sri Lanka -Aug 18, 2008 Twenty20 Debut: vs Zimbabwe - Jun 12, 2010
Computation of Income from Salary Employed as Executive in BPCL Particulars Amounts Basic Salary 1,00,000 ADD: Dearness Allowance 25,000 Entertainment Allowance 5,000 Premium from Medical Claim Insurance 1,50,000 (Fully Exempt) Leave Encashment 10,000 (Fully Exempt) GROSS TAXABLE INCOME 1,30,000 LESS: Deduction U/S 16 i) Professional Tax 1,000 ii) Entertainment Allowance 5,000 Income under the Head Salary 1,24,000
Computation of Income from House Property Particulars New Delhi (SOP)Fair Rent 1,50,00,000Municipal Valuation 1,25,00,000Higher of Fair rent & Municipal Valuation 1,50,00,000Standard Rent NilHigher of Reasonalble Letable Value and Standard Rent ( 1 ) NilActual Rent (2) NilGross Annual Value (Higher of 1 and 2 ) NilLess : Municipal Taxes Paid NilNet Annual Value NilLess : Deductions u/s 24i) Standard Deduction (30%) NilIncome From House Property Nil
Computation of Income from Profession Particulars Amount Amount1. Retainership Fees from BCCI ( Grade B ) 50,00,0002. Fees from Matches 1. Test Matches Nil 2. ODI ( 30 X 4,00,000) 1,20,00,000 3.T20 ( 3 X 2,00,000 ) 6,00,000 4. IPL 14,00,00,0003. Endorsements 5,00,00,000Less : Expenses A . Fines During Matches 1. IPL 2,00,000 2. ODI 50,000 2,50,000Income from Professional 20,73,50,000
Income from Other Sources Particulars Amount AmountDividend World Cup Ltd 8,00,000 ADD: T.D.S 2,00,000 10,00,000Winning from betting 5,00,000Gifts(non-family) 4,00,000Rewards Received Delhi Govt. 50,00,000 BCCI 1,00,00,000 ExemptedTotal 19,00,000
Computation of Total Income Particulars Amount (Rs) Amount (Rs)1. Income under the head salaries 1,24,0002. Income from house property Nil3. Profits and Gains from Business / 20,73,50,000Profession4. Capital Gains 45,00,0005. Income from other sources 19,00,000Gross Total Income 21,38,74,000(A)Less : Deductions under Chapter 6 A 1,50,00,000 1,50,00,000(B)Total Income ( A – B ) 19,88,74,000
Yuvraj Singh is an Indian cricketor. He has been a member of the Indian cricket team since 2000 (ODIs) and played his first Test match in 2003. He was the vice captain of the ODI team from late-2007 to late-2008. At the 2007 World T20 he hit six sixes in an over against England. He was named the Man of the Tournament in the 2011 Cricket World Cup. The Kings XI Pubjabs highest-paid player is Yuvraj Singh, making him the third richest cricketer over the last 12 months. Singh, whos 27 years old, was once awarded a Porsche 911 and $250,000 as a prize for his batting achievements in a tournament.
Income from salaryParticulars AmountSalary(500000*12) 60,00,000Dearness allowance 7,30,000Entertainment allowance(4000*12) 48,000Conveyance allowance 4,00,000Perquisites 2,00,000Gross salary 73,78,000Less: deduction u/s 16Entertainment allowance NilProfession tax 50,000INCOME FROM THE HEAD SALARIES 73,28,000
Income from professionParticulars AmountRetainership fees 50,00,000Fees from matches•Test matches7,00,000*3) 21,00,000•ODI(4,00,000*15) 60,00,000•T20(2,00,000*6) 12,00,000•IPL 4,50,00,000Less: expensesfines 5,00,000Income from profession 5,88,00,000
Income from other sourcesPARTICULARS AMOUNT(RS AMOUNT(S) )Income from endorsements 65,30,000Awards and winnings from IPL 4,00,00,000Income from winning ‘dus ka dum’ 99,99,000Income from other sources 5,65,29,000
Yuvraj Singh, named player of the tournament, endorses Reebok and Birla Sun Life Insurance Co. His annual fee just jumped to 60 million rupees ($1.3 million) from 45 million rupees before the event. He earned $1 million from the team and another $4 million from endorsements, primarily from Reebok and Fiat Central Excise Department of India has served the notice to Yuvraj Singh to pay Rs. 1.15 Crore as Service tax on the income of IPL and the Endorsement. The legal notice has been also sent to Yuvraj Singh for them.
Income from house propertyParticulars Delhi Chandigarh (DLOP) (SOP)Municipal Valuation 7,50,00,000 NILFair Rent 4,50,00,000 NILHigher of Municipal Value& Fair Rent 7,50,00,000 NILStandard Rent NA NILGross Annual Value(GAV) 750,00,000 NILLess: Municipal Taxes 50,00,000 NILNet Annual Value 7,00,00,000 NILLess: Deduction u/s 24Standard Deductions (30%) 2,10,00,000 NILINCOME FROM HOUSE PROPERTY 4,90,00,000 NIL
Computation Of Net Taxable IncomePARTICULARS AMOUNT 73,28,000Income from Salaries 5,88,00,000Income from profession 5,65,29,000 Income from Other SourcesIncome from House Property 4,90,00,000Less: DEDUCTIONS:Medical Insurance Premium 12,00,000Life Insurance Premium 2,00,000Donations 20,00,000NET TAXABLE INCOME 16,82,57,000
Full name: Suresh Kumar Raina Born: November 27, 1986, Muradnagar, Ghaziabad, Uttar Pradesh Current age: 25 years Major teams: India, Chennai Super Kings Also known as: Sanu Playing role: Batsman
Computation of Income from Salary Employed in IOC Ltd. Particulars Amount (Rs) Amount (Rs)Basic Salary (12 X 33,000) 3,96,000Add : Dearness Allowance ( 15% of Basic ) 59400Add : Transport Allowance (12X 5000) 60,000Less : Exempt (800X12) (9,600) 50,400Perquisites : 1. Value of Accommodation 15,000 2. Medical Insurance Premium 22,000 Less: Not taxable (22,000) NILGross Taxable Income 5,20,800Less : Deductions u/s 16 1. Entertainment Allowance NIL 2. Professional Tax 20,000 (20,000)Income Under the head Salary 5,00,800
Computation of Income from House Property Particulars Mumbai Lucknow (SOP)Fair Rent (A) - 50,00,000Municipal Valuation (B) - 35,00,000Higher of Fair rent & Municipal Valuation (C) - 50,00,000Standard Rent (D) - 10,00,000Reasonable Letable Value (E) - 10,00,000Actual Rent (F) - 2,40,000Gross Annual Value (Higher of E and F ) NIL 10,00,000Less : Municipal Taxes Paid NIL (90,000)Net Annual Value NIL 9,10,000Less : Deductions u/s 24i) Standard Deduction (30%) NIL (2,73,000)Income From House Property Nil 6,37,000
Computation of Income from Profession Particulars Amount Amount1. Retainership Fees from BCCI ( Grade A ) 1,00,00,0002. Fees from Matches 1. Test Matches (3 X 7,00,000) 21,00,000 2. ODI ( 25 X 4,00,000) 1,00,00,000 3.T20 ( 3 X 2,00,000 ) 6,00,000 4. IPL 1,65,00,000Less : Expenses A . Fines During Matches 1. IPL (2,00,000)Income from Profession 3,31,50,000
Computation of Total Income Particulars Amount (Rs) Amount (Rs)1. Income under the head salaries 5,00,8002. Income from house property 6,37,0003. Profits and Gains from Business / 3,31,50,000Profession4. Capital Gains 5,00,0005. Income from other sources 99,000Gross Total Income 3,48,86,800(A)Less : Deductions under Chapter 6 A 32,00,000(B)Total Income ( A – B ) 3,16,86,800
Income from SalariesEmployed as PRO in Indian Railways Particulars AmountsBasic Salary 3,00,000ADD: Dearness Allowance 45,000 Entertainment Allowance 5,000 Premium from Medical Claim Insurance 2,00,000(Exempt) Payment from Statutory Provident Fund 1,50,000(Exempt) Leave Encashment 13,500 (Exempt)GROSS TAXABLE INCOME 3,50,000LESS: Deduction U/S 16 i) Professional Tax 1,000 ii) Entertainment Allowance 5,000Income Under The Head Salaries 3,44,000
Income from House Property Particulars Ranchi Delhi Kolkata ChennaiFair Value 15,00,000 3,00,000 1,70,000 40,00,000Municipal Valuation 20,00,000 7,50,000 1,50,000 40,00,000HIGHER OF FV & MV 20,00,000 7,50,000 1,70,000 40,00,000Standard Rent NA 7,20,000 1,75,000 --RLV<STANDARD RENT NA 7,20,000 1,70,000 --Actual Rent NA 7,30,000 1,90,000 --GAV(HIGHER OF THE 2) 0 7,30,000 1,90,000 --LESS: Municipal Taxes Paid NA 76,000 20,000 --NAV NA 6,54,000 1,70,000 --LESS: Deductions U/S 24i) Standard Deduction (30%) NA 1,96,200 51,000 --INCOME FROM HOUSE NIL 4,57,800 1,19,000 NILPROPERTY
Income from House Property•The house in Ranchi is self occupied.•The house in Kolkata is an old property that has been let out formany years now.•The house in Delhi is deemed to be let out.•The land in Chennai has no income from house property as it isused for business.•The Jharkhand and Mussourie estates are only promises.
Income from Business/Profession Particulars Amount A) Retainership Fees General fee from BCCI 1,00,00,000 Test Matches 77,00,000 ODI 96,00,000 T20 48,00,000 IPL 7,00,00,000 B) Sports Academy in Chennai NilTOTAL INCOME FROM BUSINESS/PROFESSION:Rs.10,21,00,000
Income from Capital Gains Particulars AmountSale Price 20,00,00,000LESS: Expenses on Transfer 50,00,000Net Sale Consideration 19,50,00,000LONG TERM CAPITAL GAIN 19,50,00,000LESS: Exemption U/S 54I) Cost of Purchase of New House(New 5,00,00,000Delhi)
Income from Other Sources Particulars Amount Amount Dividend World Cup Ltd 10,00,000 ADD: T.D.S 2,00,000 12,00,000 Winning from betting in Derby 5,00,000 Endorsements 40,00,00,000 Rewards Received Delhi Govt. 2,00,00,000 BCCI 1,00,00,000 ExemptedNOTE: The Central Govt. has notified that govt. rewards are exempted.
Computation of Total Income Particulars Amount (Rs) Amount (Rs)1. Income under the head salaries 3,44,0002. Income from house property 5,76,8003. Profits and Gains from Business / Profession 10,21,00,0004. Capital Gains 24,50,00,0005. Income from other sources 40,17,00,000Gross Total Income 74,97,20,800(A)Less : Deductions under Chapter 6 A 90,000(B)U/S 80 C Interest on NSC 75,000U/S 80 D Mediclaim (limited to 15,000) 15,000Total Income ( A – B ) 74,96,30,800
Introduction about Rohit Sharma He made his ODI debut against Ireland at Belfast ,although he did not bat in the match Sharma made his mark at the international stage by hitting an unbeaten fifty against South Africa in the 2007 Twenty20 World Cup and a 16-ball 30 against Pakistan in the final of the tournament. Sharma played the first three seasons of IPL for Deccan Chargers and in the players auction for IPL 4, he was sold for $2m to Mumbai Indians. Rohit Sharma was born to Telugu parents . Sharma completed his primary education at Our Lady School , Mumbai .
Residential Status of Rohit Sharma Particulars Departure Arrival Australia 30th April 2010 15th May 2010 England 5th June 2010 4th July 2010 West Indies 1st January 2011 23rd February 2011Days Outside India during previous year 2010- 11 is 100 Days .So Rohit Sharma is an Ordinary Resident for Previous year 2010 – 11.
Computation of Income from Salary Employed as Reliance Executive. Particulars Amount (Rs) Amount (Rs)Basic Salary (12 X 20,000) 2,40,000Add : Dearness Allowance ( 15% of Basic ) 36,000Add : Entertainment Allowance (12X 2000) 24,000Add : House Rent Allowance ( Stays with Parents ) 24,000Perquisites : 1. Life Insurance Premium 15,000 2. Value of Stock Options 12,000Bonus ( 10% of Basic ) 24,000Gross Taxable Income 3,75,000Less : Deductions u/s 16 1. Entertainment Allowance NIL 2. Professional Tax 30,000 NILIncome Under the head Salary 3,45,000
Computation of Income from House Property Particulars Bandra Nagpur (SOP)Fair Rent 2,50,00,000 20,00,000Municipal Valuation 2,00,00,000 5,00,000Higher of Fair rent & Municipal Valuation 2,50,00,000 20,00,000Standard Rent Nil 10,00,000Higher of Reasonable Let able Value and Nil 20,00,000Standard Rent ( 1 )Actual Rent (2) Nil NilGross Annual Value (Higher of 1 and 2 ) Nil 20,00,000Less : Municipal Taxes Paid Nil 50,000Net Annual Value Nil 19,50,000Less : Deductions u/s 24i) Standard Deduction (30%) Nil - 5,85,000Income From House Property Nil 13,65,000
•The house in Bandra is self occupied by Rohit Sharmaand his family•The house in Nagpur is deemed to be let out as no it isnot given on rent and is used as vacation house by himand is owned by Rohit Sharma .•He also has land in Nagpur with a cost of Rs 20,00,000.
Computation of Income from Profession Particulars Amount Amount1. Retainership Fees from BCCI ( Grade C ) 25,00,0002. Fees from Matches 1. Test Matches Nil 2. ODI ( 15 X 4,00,000) 60,00,000 3.T20 ( 2 X 2,00,000 ) 4,00,000 4. IPL 8,80,00,0003. Income from Endorsements 2,50,00,000 12,19,00,000Less : Allowable Expenses A . Fines During Matches 1. IPL 1,00,000 2. ODI 50,000 1,50,000Income from Professional 12,17,50,000
Income from Capital GainsParticulars Amount Amount (Rs ) (Rs.)Gains from sale of Long term Investments in 53,71,143Equity Market in Reliance LtdFull Value of ConsiderationGains from sale of Car – BMW 5 Series bought in 25,00,00007 – 08Less : Cost of Acquisition ( 30,00,000 X 711 ) 38,71,143 (13,71,143 ) 551Total Capital Gains 40,00,000
Computation of Income from Other Sources Particulars Amount (Rs) Amount(Rs)Award from Maharashtra Govt 5,00,000 NilLess : Fully Exempt 5,00,000Dividends from shares of Reliance Ltd, 45,000Gifts from Friends 15,00,000Gifts from Relatives 5,00,000Less : Fully Exempt 5,00,000 NilRoyalty from Perfume Firm “ Rohit „s Signature ” 5,55,000 Income from Other sources 21,00,000 Exemptions All Prize Money Received from BCCI Arjuna Award Received from Government of India
Computation of Total Income Particulars Amount (Rs) Amount (Rs)1. Income under the head salaries 3,45,0002. Income from house property 13,65,0003. Profits and Gains from Business / 12,17,50,000Profession4. Capital Gains 40,00,0005. Income from other sources 21,00,000Gross Total Income 12,95,60,000(A)Less : Deductions under Chapter 6 A 50,000 50,000(B) 1. Investments in 54 – EC REC Bond 15,000 2. Investment in NSC 15,000 3. Medical Insurance Premium of 20,000Parents and Self ( 15,000 + 5,000)Total Income ( A – B ) 12,95,10,000
Comparison Particulars Zaheer Virat Yuvraj Suresh MS Rohit Khan Kohli Singh Raina Dhoni Sharma1. Income under the head 4,24,200 1,24,000 73,28,000 5,00,800 3,44,000 3,45,000salaries2. Income from house 11,72,500 Nil 5,88,00,000 6,37,000 5,76,800 13,65,000property 20,73,50,000 5,65,29,000 3,31,50,000 10,21,00,000 12,17,50,0003. Profits and Gains from 3,32,00,000Business / Profession4. Capital Gains 1,00,000 45,00,000 4,90,00,000 5,00,000 24,50,00,000 40,00,0005. Income from other 19,00,000 12,00,000 99,000 40,17,00,000 21,00,000 9,00,00,000sourcesGross Total Income 12,48,96,700 21,38,74,000(A) 2,00,000 3,48,86,800(A) 74,97,20,800 12,95,60,000 (A) (A)Less : Deductions under 41,500 1,50,00,000(B) 20,00,000 32,00,000(B) 90,000(B) 50,000(B)Chapter 6 ATotal Income ( A – B ) 12,48,55,2 19,88,74,000 16,82,57,0 3,16,86,800 74,96,30,8 12,95,10,0 00 00 00 00
Conclusion The Highest income among our Group ‘ s cricketers in of M S Dhoni . Also the cricketers have a major portion of earnings from Profession which is by virtue of their IPL Contracts and Endorsement money which they receive . Also not many cricketers have a lot of Deductions taken by them .