Vaibhav Suryavanshi, a 13-year-old cricket prodigy, made history by securing a whopping ₹1.10 crore IPL contract with the Rajasthan Royals. This milestone makes him the youngest player to ever be picked in an Indian Premier League (IPL) auction. However, a burning question arises: Who manages his earnings, and how does his IPL fortune work?
This article breaks down the financial management, taxation, and career trajectory of this young star while providing expert insights into how young athletes’ earnings are handled.
Rising Cricket Star’s Earnings
| Aspect | Details |
|---|---|
| Player Name | Vaibhav Suryavanshi |
| Age | 13 years (Born March 27, 2011) |
| IPL Team | Rajasthan Royals |
| Contract Amount | ₹1.10 crore |
| Debut | Bihar domestic team at 12 years old |
| Notable Performance | Fastest U-19 century against Australia |
| Who Manages His Earnings? | Parents/Guardians (Due to minor status) |
| Taxation Policy | Taxed under minor’s income law (Section 64(1A) of IT Act) |
Vaibhav Suryavanshi’s IPL selection is a groundbreaking moment for cricket. However, since he is a minor, his earnings will be carefully managed by his parents, legal guardians, or a financial advisory team. With expert planning, his fortune can be wisely invested, ensuring a stable financial future while he continues to shine in the world of cricket.
Who is Vaibhav Suryavanshi? The Youngest IPL Crorepati
Vaibhav Suryavanshi hails from Tajpur, Bihar, and has been making waves in the cricketing world since his early childhood. He first gained attention at 12 years old when he debuted for Bihar’s domestic team. His breakthrough moment came when he smashed a century against Australia’s Under-19 team, setting a record as the youngest batter to achieve such a feat.
The Rajasthan Royals recognized his talent and took a bold step by bidding ₹1.10 crore for the 13-year-old during the IPL 2025 auction. While this has catapulted him into the limelight, it also raises financial and legal questions about how a minor’s income is managed.
Who Controls Vaibhav Suryavanshi’s IPL Earnings?
1. Legal Aspects of a Minor’s Income
In India, minors (below 18 years) cannot independently manage their earnings. Their income is typically handled by their parents or legal guardians until they reach adulthood.
According to Section 64(1A) of the Income Tax Act, a minor’s income is:
- Taxed separately in their name (if earned through talent or skill, like IPL earnings).
- Managed by parents/guardians until they turn 18.
- Not clubbed with parents’ income if derived from professional activities like sports, music, or acting.
2. Who Holds the Financial Control?
Since Vaibhav is just 13 years old, his finances will likely be managed by his parents or a legal trust. Professional athletes often have their money handled by financial advisors or sports agencies, ensuring structured savings, investments, and future security.
How Much Will Vaibhav Actually Receive?
While he was signed for ₹1.10 crore, his actual take-home amount will be lower due to the following deductions:
1. Taxation on IPL Earnings
- Income Tax (IT): Vaibhav’s earnings will be taxed under India’s Income Tax Act.
- GST (if applicable): If any service agreements are involved, additional GST deductions may apply.
2. IPL Deductions
- BCCI and Franchise Deductions: Some standard deductions apply for BCCI contributions and team expenses.
3. Financial Management Fees
- If Vaibhav’s parents hire financial advisors, tax consultants, or legal professionals, their fees will also be deducted from his total earnings.
How Should Young Athletes Manage Their Earnings?
For young athletes like Vaibhav Suryavanshi, financial management is crucial. Here are some expert recommendations:
1. Setting Up a Trust or Investment Plan
- Many young athletes’ earnings are placed in fixed deposits, mutual funds, or child investment plans.
- Trust funds ensure controlled spending until the player reaches financial maturity.
2. Smart Spending & Budgeting
- Parents should limit unnecessary expenses and focus on long-term financial security.
3. Seeking Professional Financial Advice
- It’s advisable to consult financial planners specializing in sports professionals to optimize earnings and investments.
Frequently Asked Questions (FAQs)
1. Can Vaibhav Suryavanshi use his IPL money freely?
No. Since he is a minor, his finances are managed by his parents or guardians.
2. Will he be taxed for his IPL earnings?
Yes. Under Indian tax laws, his earnings are taxable but handled separately from his parents’ income.
3. Can Vaibhav sign endorsement deals?
Yes, but all contracts must be signed by his parents/guardians since he is under 18.
4. What happens if he gets injured before playing in the IPL?
His contract terms will determine whether he still receives payments. Insurance and injury clauses play a key role in such situations.
5. Who are the youngest players to be picked in IPL history?
- Vaibhav Suryavanshi (2025) – 13 years (Rajasthan Royals)
- Mujeeb Ur Rahman (2018) – 16 years (Punjab Kings)
- Noor Ahmad (2020) – 15 years (Gujarat Titans)
