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