The Business Scroll - Your Business, Finance & Insurance Solution in Delhi

Insurance is a financial tool that protects you from unforeseen events that can cause financial hardship. By paying a small premium regularly, you transfer the risk of a covered event (like an accident, illness, or property damage) to the insurance company. In return, the insurance company agrees to compensate you financially if such an event occurs. This financial safety net allows you to plan for the future with more peace of mind, knowing that unexpected events won't derail your financial goals. Types of Insurance Available in India The Indian insurance market offers a wide range of insurance products to cater to your diverse needs. Here's a breakdown of the two main categories: Life Insurance: Provides financial security to your loved ones in case of your unfortunate demise. It also offers benefits like savings and wealth accumulation. Some popular life insurance plans include term plans, endowment plans, whole life plans, and unit-linked insurance plans (ULIPs). Gener...

In today's post I am going to help you with the Indian Tax System in easy way so, let's break down the Indian tax system into two broad categories: direct taxes and indirect taxes. Direct Taxes Direct taxes are levied directly on an individual's income or the profits of a business. These taxes are paid directly to the government by the taxpayer. Income Tax Income tax is one of the most important direct taxes in India. It is levied on the income earned by individuals, Hindu Undivided Families (HUFs), companies, and partnership firms. The tax rate applicable to an individual depends on their income slab. Income tax slabs are revised by the government every year in the budget. Here's a table summarizing the current income tax slabs for individuals and Hindu Undivided Families (HUFs) for the financial year 2023-24 (assessment year 2024-25): Income Slab (in Rs.) Tax Rate (%) Up to 5,00,000 Nil 5,00,001 - 10,00,000 5 10,00,001 - 20,00,000 20 20,00,001 - 50,00,000 30 Above 50...

Feeling overwhelmed by the paperwork and regulations that come with running a business in Delhi? You're not alone!  The Business Scroll  is here to help you navigate the complexities of business management, so you can focus on what you do best – growing your venture. Free Support for Every Business We understand that starting and managing a business can be expensive. That's why The Business Scroll offers a range of free resources to help Delhi businesses of all sizes: Insurance Simplified:  Confused by the different types of business insurance? We offer free, easy-to-understand guides that explain the essentials of property, liability, and other essential business insurance policies. GST Demystified:  The Goods and Services Tax (GST) can be a complex system. Our free resources break down the basics of GST registration, filing returns, and claiming input tax credit (ITC) in clear, simple language. Income Tax Made Easy:  Don't let tax season turn into a headache! ...