The decision was taken by the Madhya Pradesh government, the state's finance minister Jayant Malaiya told PTI.
The docu-drama has earned Rs 8.6 crore at the box office on its first day, according to its distributor.
Directed by James Erskine and produced by Ravi Bhagchandani, the film gives fans a glimpse into Sachin's personal life besides his achievements in the cricketing arena.
The movie was released in Hindi, Marathi, Tamil, Telugu and English, yesterday.
The film has been previously declared tax free in Odisha, Kerala, Chhattisgarh and Maharashtra.
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