Congratulating the Indian team on winning the match against Pakistan in the cricket World Cup, Finance Minister Jaswant Singh announced that the prize-money earned by the players, individually or as a team, would be exempt from income tax.

"I congragulate the Indian team for exemplary performance against Pakistan yesterday. The prize-money given to players, individually or as a team, will be exempt from income tax," Singh said in a statement on Sunday.

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What do you think about the story? Read what others have to say: Number of User Comments: 21 Sub: i t exemption to the cricketers this is indeed ridiculous !! why do the the politicians make the whole issue a complicated affair it was justa cricket match and the bottomline ... Posted by madhurjya kotoky Sub: Height of stupidity It is ridiculous to give the cricketers a tax break and give them free acres of prime land. They already get so much money from ... Posted by srikanth Sub: this is crazy this absolutely absurd that the most richest indians..... the 'cricketers' dont have to pay taxes but an ordinary guy has to..... why not give the ... Posted by Cruel Vegetable Sub: It is incorrect to give the players an I-T exemption Indian cricketers are the most well paid sportsmen/professional in the country and to give them a tax break is unnecessary and incorrect. Infact the players ... Posted by Madhav Pai Sub: IT Exemption for cricketers Its very wrong this move from the Finance Minister to give IT exemption to cricketers. The Indian cricket team is a professional team, they get ... Posted by Sunny Jacob