Dollars US Federal Government made out of Sania
India’s ace tennis player Sania, has to pay tax to US Government on her prize money. India have entered into a double taxation treaty with several developed countries like the US and UK, and therefore Sania need not pay tax to India . Sania earned $70,000 ( appox. Rs 30 lakhs) for her pre quarter final appearance at the US Open. Of this, 35 per cent tax is deducted in tune with US tax laws and she gets only US $45,500 .
Total tax that Sania will pay is huge, her total earning is US$ 1,07,950, and tax @ 35 % is US $ 37,782.5. The details of the games played and prize money earned are as given below :
At US Open————— US $ 70,000 ,
At Acua Classic———US $ 12,775 ,
At Forest Hills———- US $ 12,000 ,
At Bank of West———-US $ 7,600 ,
At Cincinnati Open—- US $ 3,900 ,
At JP Morgan Classic– US $ 1,675
Total tax that Sania will pay is huge, her total earning is US$ 1,07,950, and tax @ 35 % is US $ 37,782.5. The details of the games played and prize money earned are as given below :
At US Open————— US $ 70,000 ,
At Acua Classic———US $ 12,775 ,
At Forest Hills———- US $ 12,000 ,
At Bank of West———-US $ 7,600 ,
At Cincinnati Open—- US $ 3,900 ,
At JP Morgan Classic– US $ 1,675
0 Comments:
Post a Comment
<< Home