Income from X is subject to GST? If you are thinking of earning through Elon Musk’s company X, then also keep in mind that you will have to pay tax on the income. In fact, in a PTI report, quoting experts, it has been told that if a person’s annual income is above Rs 20 lakh, then he will have to pay 18% GST. (i.e. 30%+18%). Experts said that the income from X will be brought under the GST law and people whose annual income from rent, interest on bank FDs and other professional services will exceed Rs 20 lakh will have to pay 18% Goods and Services Tax. will be.
Elon Musk started the Ads revenue sharing program last month. Under this, the company shares some part of the earnings from advertisement with popular creators. To earn money from X, you have to fulfill certain conditions.
Now, even more people can get paid to post!
We have reduced the eligibility threshold for revenue sharing of ads from 15M to 5M impressions within the last 3 months. We’ve also reduced the minimum payment threshold from $50 to $10.
Sign up for premium membership to get access.
– Support (@support) 10 August 2023
Your earning will start on fulfilling these 3 conditions
To earn money from X, first of all your account should be verified. Means you must have subscribed to X premium. After this, your account should have more than 5 million tweet impressions in the last 3 months (only verified accounts will be counted). Also, there should be 500 active followers on the account. After fulfilling these 3 conditions, you can also earn from the platform. This is a great earning opportunity for such creators who have already been established on other platforms. They can now earn big money by being active on Twitter as well.
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