New Delhi, Jan 16 (PTI) Government is expected to collect more than Rs 300 crore in taxes from the fourth edition of the Indian Premier League T20 cricket tournament which will begin in April this year.
According to sources, the taxes would be obtained as Tax Deducted at Source (TDS) from the remuneration paid to players, umpires, coaches, commentators among others under the I-T category while advertising, marketing and consultancy services will be taxed under the service tax bracket.
As per an estimate calculated by the Revenue department, the IPL will fetch about Rs 150 crore each under the direct (income tax) and indirect (service tax) categories.
The T20 tournament is being played from April 8 to May 22 in various Indian cities with foreign and domestic players being paid large amounts of money. Almost 60 matches would be played in the fourth edition of the tournament.