How do foreign players playing in IPL get money? Know

IPL is the world's largest and popular T20 cricket league. Many best players from all over the world participate in it. Before this league, players are selected by bidding by the owners of different teams.

In such a situation, the question arises again and again that how do these foreign players get money in exchange for playing? Are players paid in dollars or Indian rupees?

This is how IPL players earn money

All the players playing in IPL, whether Indian or foreign, are paid in Indian currency only. This is because IPL is an Indian league and runs in Indian rupees.

Apart from this the Indian Rupee is the legal currency in India. All transactions are done in this currency. Apart from this, according to the Income Tax Act in India, tax has to be paid in the country only on the income earned in Indian Rupees. If payments are made in foreign currency, players may suffer losses due to tax rate fluctuations. Additionally, many other leagues around the world also have similar rules, where players are paid in the currency of the country where the league is held.

Players get this benefit

Players get many benefits when paid in Indian Rupees. Since players can only spend in Indian Rupees while in India. Apart from this, sometimes players also get some special tax related facilities and many banks in India provide banking facilities to foreign players.

But some things also depend on consent. For example if it is written in the contract, sometimes players may get a certain amount in foreign currency as per their contract and the rest may be paid in rupees.