Sachin Tendulkar Income, Net Worth (Official Income-tax Records)
Update: 5th December 2018
Sachin Tendulkar earned income of Rs. 80 crore in 2017-18 as per the Forbes India Celebrity 100 list issued by Forbes.
Sachin Tendulkar’s income, Net Worth are of great interest to all of us.
This is because he has inspired all of us with his stellar role as a cricketer and for doing social service.
Usually, getting access to the income and net worth details of celebrities like Sachin Tendular is difficult.
However, now an official order of the Income Tax Appellate Tribunal (ITAT) is available which reveals confidential information about the income and net worth of Sachin Tendulkar.
According to the order of the Tribunal dated 10th August 2018, Tendulkar filed a return of income in which he declared an income of Rs. 61,23,14,400 (Rs. 61 crore).
This income was declared for the assessment year 2012-13.
The order also discloses information about Sachin Tendulkar’s net worth.
He owns two properties in Pune, i.e., flat at Saphire Park and flat in Treasure park costing Rs.60,60,000/- and Rs.82,80,750/- respectively.
The property situated in Treasure Park was let out for 9 months at Rs.15,000 per month.
He also owns a palatial flat in Bandra, Mumbai, where he resides with his family.
The Income-tax Officer computed Tendulkar’s income by estimating the rental income at 6% of the value of both the fiats aggregating to Rs.1,43,40,750/- (Rs.82,80,750 + 60,60,000) as deemed rental income.
Income
Sachin Tendulkar’s current income in 2018 will be in excess of Rs. 100 crore.
We can confidently make this estimate because the official order of the ITAT discloses that Sachin Tendulkar’s income for AY 2012-13 is Rs. 61 crore.
It is obvious that with the passage of time, there will also be an increase in the income, especially given the popularity of the person.
Net worth
Sachin Tendulkar’s net worth is in excess of Rs. 500 crore.
This estimate can be made because Tendulkar has been earning high income after paying taxes of about Rs. 70 crore for the past several years. This is invested in a prudent manner in real estate property, stocks of companies and securities issued by the Government and RBI.
These investments would have also multiplied over the years and contributed to the increase in the net worth and income of Sachin Tendulkar.
Everything in life is hard-earned. Just like our independence. Among countless other things, there would have been no ‘Team India’ if not for the sacrifice of our brave freedom fighters. Let us not take that freedom for granted. #HappyIndependenceDay ?????? pic.twitter.com/RYrveJ9P7y
— Sachin Tendulkar (@sachin_rt) August 15, 2018
.@sachin_rt has emerged as the man of the match in this tax dispute. https://t.co/j4vLbrXArL
— EconomicTimes (@EconomicTimes) August 17, 2018
Entire salary of Rs. 90 lakh donated to Prime Minister’s Relief Fund
The IE reported that Sachin Tendulkar has received Rs 90 lakh in salaries and other monthly allowances during his tenure as Rajya Sabha MP.
He donated this salary and income to the Prime Minister’s Relief Fund.
Forbes top 100 India Celebrities list
Sachin Tendulkar ranks 5th in the Forbes top 100 India Celebrities list.
His earnings in 2017 was reported at Rs 82.5 crore.
In 2016, he had earned income of Rs 58 crore.
He ranks No. 2 in the sports list of Forbes.
Endorsement income
Sachin Tendulkar has endorsement deals with a number of popular brands such as BMW India, Coca Cola and Adidas.
These brands pay him crores of rupees to endorse their products and make them popular with his fans.
Business interests
Sachin has a number of business interests as well.
He is the co-owner of an ISL franchise named ‘Kerala Blasters’ and ‘Bengaluru Blasters’.
These are lucrative franchises in the Premier Badminton League.
He also owns two hotels and a restaurant in Mumbai in partnership with other business people.
He also runs an entertainment company named ‘Smaaash Entertainment’.
Smaaash Entertainment raised $ 5 million in investment and is valued at about $100 million.
Richest cricketer in India
According to the ET, Sachin Tendulkar’s net worth is in excess of Rs. 1000 crore.
He has amassed a fortune that eclipses the combined net worth of the four other cricketers on the list, and is more than three times the net worth of M. S. Dhoni, the next wealthiest player.
In the list of top five wealthiest Indian cricketers, Tendulkar is at the top with a net worth of $160 mn followed by Mahendra Singh Dhoni at $50 mn, Yuvraj Singh at $30 mn, Rahul Dravid at $20 mn and Virat Kohli at $15 mn.
