ITR4Sugam

Is Your Content Creation a ‘Profession’? Understanding the New Tax Code 16021

by

It’s tax season, and for the first time, the Income Tax Department has a dedicated category for social media influencers! If you’re a content creator, blogger, online coach, or any digital gig worker, here’s what you need to know about filing your Income Tax Return (ITR) this year. New Profession Code: 16021 Good news – … Read more

Tax Compliance for Influencers: What You Need to Know About Code 16021

by
Tax Compliance for Influencers: What You Need to Know About Code 16021

The Income Tax Department has rolled out a new tax code, 16021, specifically for you under the ‘Profession’ category for FY 2024-25 (AY 2025-26). This is a game-changer for how you report your earnings from promotions, endorsements, and digital content. What’s New? Until now, income for social media influencers didn’t have a dedicated classification. Now, … Read more