Historic Victory: Gukesh’s ₹11.34 Crore Chess Prize to Be Tax-Free After Finance Ministry’s Gesture

New Delhi (The Uttam Hindu): In a remarkable show of support for India’s youngest World Chess Champion, D. Gukesh, the Finance Ministry has decided to waive the heavy tax on his prize money, following an appeal made on his behalf. Gukesh’s historic victory against China’s reigning champion Ding Liren in the World Chess Championship earned him a substantial ₹11.34 crore. However, the triumph was initially overshadowed by the looming threat of a hefty ₹4.67 crore tax burden.

The Finance Ministry, recognizing Gukesh’s achievement as a matter of national pride, agreed to exempt his winnings from taxation, sending a strong message of encouragement and recognition for young achievers in India. Sources confirmed that the Ministry had received the appeal, which highlighted the unfairness of taxing such a monumental achievement, and assured that an official confirmation would be sent shortly via email.

Gukesh’s victory is not just a personal triumph but also a symbol of dedication, perseverance, and excellence. The Ministry’s decision to support the young chess prodigy reinforces the importance of nurturing and celebrating talent in India, inspiring future generations to pursue excellence in all fields. The move has been hailed as a gesture that honors India’s heroes, ensuring they can retain the full reward of their hard-earned success.