The taxable income varies from person to person and depends on the status of the person. Based on the total income earned by a person from all sources, the income tax is calculated.
There is an increasing clamour to invest in gold owing to the impact of rising inflation coupled with stock market volatility. The need to diversify into gold investments cannot be ruled out. However, the risk-reward component along with the taxation aspect differ in all of them.
If your YouTube channel is your main source of income or earns you substantial income, it will be treated as business income and taxed accordingly. If it is just a spare time activity with minimal income, it can be taxed under income from other sources
The gain from the ULIP policy will be taxed under Section 112 as long-term capital gains after applying indexation on the single premium paid. It cannot be taxed under the head ‘Income from other sources’