Archive · 24 Jul 2025
New Tax Code and ITR Updates for Social Media Influencers
If you make money online as an influencer, there's a new tax code for you.
This helps you report your income more easily.
You need to choose the right tax form (ITR-3 or ITR-4) based on your income and how you pay taxes.
It's like picking the correct box.
There's some confusion about whether influencers should use business or professional tax rules.
You must also check that all the info matches what the government knows.
Finally, make sure to confirm your tax return within 30 days.
New tax code 16021 is introduced for social media influencers in ITR-3 and ITR-4 forms.
The new code is under the 'profession' category, intended for those earning from promotions and content creation.
Choosing the correct ITR form (3 or 4) is crucial; ITR-4 is for those using presumptive taxation.
A key issue is the ambiguity in whether influencers should use tax provisions for business or profession.
Taxpayers must cross-check income details with AIS and Form 26AS, and verify their return within 30 days.
- Who
- Social media influencers, content creators, and the Indian Income Tax Department.
- What
- New tax code and ITR changes for social media influencers.
- When
- For FY 2024–25 (AY 2025–26) tax season.
- Where
- India
- Why
- To streamline tax compliance for online creators and the booming creator economy.
Tax Professionals
Indian Income Tax Department
Tax Code Confusion
Tax Professionals
The I-T department needs to clarify whether influencers should use business or profession tax regulations.
Indian Income Tax Department
Not mentioned.
- New Code
- 16021
- Applicable Forms
- ITR-3 and ITR-4
- Category
- Profession
- ITR-4 Eligibility
- Income under ₹50 lakh, opting for presumptive taxation
- Presumptive Tax Rate
- 44ADA: 6%, 44AD: 8%
- Verification Deadline
- 30 days after filing