How much tax will be charged if you earn one lakh rupees in a month from Instagram, does the government track this income as well?
ABP March 19, 2025 05:09 PM
There is a provision of income tax in India. Here you have to pay income tax on your income, for which there are rules. In such a situation, the question is whether the government also tracks the income from social media.
Social media has now become an important part of the changing way of earning. Many people are earning millions and earning fame by creating content on various social media platforms.
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People are making reels or videos on different social media platforms like Facebook, Instagram and earning millions of views, which also helps them earn money. Many content creators do this full time. That is, this is their permanent source of income.
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In a country like India, there is a provision of income tax. Here you have to pay income tax on your income, for which there are rules. In such a situation, the question is whether the government also tracks the income earned from social media. What is the provision of income tax on this?
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Social media influencers fall under the self-employed category. In such a situation, they have to pay tax as per the rules prescribed for self-employed taxpayers.
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Social media influencers have to file ITR and disclose their income. If they do not do so, action is taken as per the legal provisions.
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Social media influencers are also taxed in the same way as people who earn money from any other means. That is, those influencers who are outside the current taxation rules are outside the scope of tax.
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According to the current tax slab, income up to Rs 12 lakh is exempted from tax. That is, if you earn Rs 1 lakh every month through social media, then your annual income will also be calculated according to the current tax slab.
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Those social media influencers who earn more than Rs 20 lakh in a financial year have to register under GST, in some states the turnover limit is Rs 10 lakh. Let us tell you, GST is levied at the rate of 18% on the services provided by social media.
