The Olympic Games are over and athletes have returned home from Paris with experiences worth a lifetime. For some lucky few, it’s beyond just experiences, though. They win a medal, a stuffed toy of the Olympic mascot and a “mysterious” box containing the official event poster.
And that’s not all. While the International Olympic Committee does not award medallists with prize money, most countries reward their winners with financial bonuses and more. Think India’s Manu Bhaker — who made the country proud with her two bronze medals in shooting — Neeraj Chopra with his silver in the javelin, Sarabjot Singh with his bronze in shooting, Swapnil Kusale with another bronze in shooting, the men’s hockey team’s bronze and Aman Sehrawat with his bronze in wrestling.
These Olympic winners have been handed out attractive financial bonuses for making India proud on the global stage. And it’s not just Indian athletes. World over, Olympic medallists have been given hefty financial awards for their success.
The question that many are then asking is: how much do sports persons earn for winning a medal and is that winning then taxed? Indian Olympians’ cash haul In India, the government has announced prize money for the winning athletes. Manu Bhaker, who made history in India for being the only one to win two medals in a single Olympic Games, has been awarded a cash prize of Rs 30 lakh from Sports Minister Mansukh Mandaviya. In addition, she will also receive Rs 5 crore fro.