New Delhi, Dec. 16 -- India's newly crowned World champion, Gukesh Dommaraju, returned to India on Monday. The young Indian chess grandmaster won the 2024 FIDE World Championship after defeating Ding Liren of China in the final in Singapore on December 12.

The Indian chess grandmaster, who is 18 years old, is set to become a multi-millionaire. The International Chess Federation (FIDE) will award him a whopping Rs.11.45 crore as prize money. However, the young chess grandmaster will also have to pay a hefty tax on his prize money.

According to FIDE's rules, each player will receive $200,000 (about Rs.1.68 crore) for each game they win. The rest of the prize money will be split equally between the two competitors.

The Indian chess player...