Vaibhav Sooryavanshi has an estimated net worth of ₹7 crore at 15: How does income tax work for minors?

Teen cricketer Vaibhav Sooryavanshi got ₹7 crore net worth at 15. His income from cricket and endorsements is taxed in his own name. This is because, as a tax expert said, "income arises from the minor's personal efforts and abilities." Many minors' earnings are clubbed with parents' income.