A payout is the transfer of your earned share from the platform to your bank account, after the sale is confirmed and tax deducted at source.
CareerByteCode records your share when a payment is confirmed, deducts TDS (tax deducted at source), and pays out to the bank account you verified in KYC (know your customer). Your statement shows the gross share, the TDS and the net amount for each payout.
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Related terms
KYC (know your customer)
KYC is the identity check a platform does before it pays you: usually your PAN, your name and a bank account in your nam...
TDS (tax deducted at source)
TDS, or tax deducted at source, is income tax that the payer deducts from a payment and deposits with the government aga...
Revenue share
A revenue share is an agreed split of the value of each sale between the people involved, such as the creator, a reselle...
PAN (permanent account number)
PAN is the 10-character permanent account number issued by the Income Tax Department. It links your income, tax deducted...