Are you a YouTuber? If your answer is yes, then from today your entire share of your earnings will not go into your pocket. If you also make videos on YouTube and this is your source of income, then from today (June 1, 2021) your earnings will be taxed. Yes, tax. This means that now you have to pay tax on YouTube. Although content creators in the US will not be taxed, all other content creators in the world, including India, will have to pay tax on the earnings from YouTube.
Today, making money by uploading videos on Youtube has become very common all over the world. There are also millions of people in India who make videos every day and upload them to YouTube. Some people have made it their full-time job. Such people are going to get a big blow from today.
By the way, let us tell you that you will have to pay taxes only for those views, which you have received from American viewers. You can also understand this in such a way that if your video has been viewed more in India and less in America, then the tax on such video will be very less. At the same time, here it is the opposite, then you will have to pay more tax. No other country has taxed YouTube earnings yet.
Indian Youtube content creators will also come under the purview of tax, who will have to pay tax at the rate of 24 percent per month on their earnings. YouTube content creators will have to disclose their earnings before May 31 under the new rule. In such a situation, YouTube content creators will be taxed at the rate of 15 percent from Google. At the same time, 24 percent tax will be charged from the company used for not disclosing the earnings till 31 May.