December 13th, 2017, New Delhi, India - In India, where a majority of salaried class people and business owners have to pay taxes with tax blanket embracing an increasing number of people paying taxes.

Tax Savings can be done by taking benefit of deductions under Sec 80C and 80D of Income Tax Act.

Tax Saving under Section 80C Deductions -Investments and payments that are eligible for 80C deductions:

1. Investments in Public Provident Fund (PPF)
2. Investments in Tax-saving Fixed Deposits (FD)
3. Purchase of National Savings Certificates (NSC)
4. Investments in Unit Linked Insurance Plans (ULIP)
5. Investments in ELSS funds-- ELSS stands for Equity Linked Savings Scheme.

Historically ELSS Funds have proved to be the best Tax Saving Investment. These are Tax-Saving Mutual Funds that invest at least 65% of their assets in Equities. Investments of up to Rs 1.5 lakh in ELSS funds can earn a tax break under Section 80C.

The advantage of ELSS funds is that they come with the lowest lock-in among all tax-saving investments–just 3 years. Apart from that, because of their equity exposure, ELSS funds are best placed to help you earn inflation-beating returns over the long-term, almost all the funds have outperformed their respective benchmarks and created wealth for investors who have stayed invested for the long term.

Additionally, since ELSS funds are equity-oriented funds, all gains on investments held for over one year are tax-free for the investors.

Payments eligible for tax saving deductions under Section 80C
1. Life insurance premium
2. Children’s tuition fees
3. Repayment of home loan

The Section 80D of the Income Tax Act, 1961 deals with tax deductions on medical insurance.

1. For Self and Family: Maximum deduction of Rs.25,000 per year on health insurance premium for self and family. Maximum deduction of Rs.30,000 per year if you are a senior citizen.
2. For Parents: Maximum deduction of Rs.30,000 per year on premium payments for senior citizen parents.
3. Additional Deduction: A deduction of Rs.5,000 can be claimed every year on expenses related to health check-ups. This limit includes the check-up expenses of all members in a family, including spouse, kids and parents

A Health Insurance Policy is a shield that protects you and your family from the financial loss at the time of hospitalization during a medical emergency. It’s a way to ensure that the insurer bears the treatment cost of the best medical assistance that is available.

Many people look for reliable Tax Saving Planning Services from experts in the field as they themselves are not too knowledgeable about various Tax Saving Options and their intricate working and features. Here, Hexagon Wealth Advisors play a vital role by explaining the Tax Saving Investment Product in easy language.

Professionally managed by a team of Tax Saving Consultants, they extend their services to individuals who may be salaried or professionals or in business. They have gained an unwavering reputation as the best tax saving advisors in India and have carved a niche in this field with their high-end services and solutions.

Hexagon Wealth Advisors have an office in New Delhi and from here they extend their comprehensive range of services. As explained by the spokesperson of the company, “At Hexagon Wealth Advisors, we try to understand our client requirements precisely, pay attention to their cash flow requirements and their long term financial goals and accordingly come up with a solution that matches with their requirements. We help them identify avenues where they can save tax and helping them to enhance their bottom line. When imparting our consultancy services, we make sure that we never suggest nefarious ways to save tax or go against the legal framework of the country.”

As a reputed tax saving consultant in India, the company has gained a lot of popularity and is now growing by leaps and bounds covering larger areas where they can extend their services. Clients who have benefitted a lot from their services have acted as their word of mouth publicists or brand ambassadors helping them to reach out to a broader customer base.

About the Company
Hexagon Wealth Advisors is known in the investment market as a company that not only offers a variety of investment options but also try to ensure that suitable funds are suggested for investment through their seasoned guidance. Many people are skeptical about parking their hard-earned money in financial products about which not much is known, and here, Hexagon Wealth Advisors plays a vital role by spreading awareness about the investment of their savings in Mutual Funds. A team of highly experienced and expert advisors guides people to invest money as per their short term or long term investment goals.
The services provided by the company include Tax Saving Plan, Investment for beginners, Financial aspect of Retirement planning, Child education planning, Wedding planning and also products like Fixed deposits, Life insurance, Health insurance, Mutual funds, along with many other options.

Find out more about the company at http://www.hexagonwealthadvisors.com/

Address:

Hexagon Wealth Advisors
1/14, Double Storey,
Near DAV School, Jungpura Extension,
Jangpura, New Delhi, Delhi 110014.
Phone: 011-24374121, +91 9910911169
Email: [email protected]

Media Contact:
Shikha Sultan
Mob: 9899976422
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