You Tube pays up to ₹53,460 for one million views. A number of youngsters, therefore, have started minting money from this video streaming platform run by Google. It is not an alternative income platform anymore but their main source of income.
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 video streaming giant generated $6.7 billion in ad revenue in the first three months of 2023, down 3% from the same period last year and a 16% decline from Q4’s $7.9 billion, according to the company’s unaudited results.
Despite his massive following and high view counts, he recently expressed his frustration with the revenue-sharing models of social media apps in a tweet