Tax Saving & Mutual Funds Investment
Made Easy For WNS Employees

Tax saving options under 80C

Tax Saving Fixed deposits

PPF – Public Provident Fund

EPF – Employee provident fund

ELSS – Equity Linked Savings Scheme

NSC – National Savings Certificate

ULIP – Unit linked Insurance Plans

Other Tax saving options

Deductions on rent. Note: Staying with parents? You can still claim HRA

Tax Benefit:

50% of the basic salary (metro)

40% of the basic salary (Non metro)
Medical Insurance
Health insurance premiums are tax deductible

Tax Benefit:

₹ 25,000 for self

₹ 50,000 for parents (60+ years)
Education Loan
You can avail a tax deduction on the interest paid on education loan
Tax Benefit:Total interest of the EMI paid during the financial year
House Loan
Tax deduction on housing loan

Tax Benefit:

Upto ₹2 lakhs can be claimed on the interest portion Upto ₹1.5 lakhs can be claimed under 80C on the principal

Tools you can use to plan your taxes

Tax Calculator
Calculate the tax amount you have to pay
HRA calculator
Find out what portion of HRA is exempt from tax
Tax refund Status
Check your tax refund status online
SIP Calculator
Calculate returns from SIP investment
Loan EMI Calculator
Calculate monthly EMI for Home / Car / Personal Loan
Generate form 12BB
Get investment declaration for TDS deduction
Rent Receipt Generator
Generate home rent receipts that you can submit to HR
Mutual Fund Calculator
Calculate expected returns from mutual funds investment

Documents required during proof submission

Proof Submission has to be made for the following tax-saving investments and expenses
  • House rent receipts along with name, address and PAN of the landlord, if rent exceeds ₹1Lakh per annum
  • Leave travel receipts applicable only if you have taken a trip in India with your family
  • Home loan interest certificate with lender’s name, address, and PAN
  • Premium paid receipts for life insurance and/or investments made in ELSS funds, PPF, NPS and/or school tuition fees for children, etc. Click here to know all deductions you can claim.
  • Medical premium receipt – for self and family it is 25,000 and parents (senior citizens) is 50,000

Know more about tax saving investments

Frequently asked questions
  • Tax saving mutual funds benefits
  • Investments in tax-saving mutual funds, also known as Equity Linked Savings Schemes (ELSS), can get you a tax break of up to ₹1.5 lakh under Section 80C of the Income Tax Act.
  • How much should I invest to save on taxes
  • You can invest up to ₹ 1.5 Lakh under section 80C. When you invest money in Tax Saving funds during the year, the amount of tax you have to pay in the year is decreased. Also, you keep earning returns in the amount invested.
  • What are the different tax saving options
  • You have many options like PPF, Insurance, Tax Saving FDs, Tax Saving Mutual funds (also called ELSS) etc.
  • Do ELSS funds have an additional tax benefit
  • Tax-saving mutual funds come with the dual benefit of tax saving and wealth creation. They help you not only save taxes but build wealth over the long-term as well, because these mutual funds invest primarily in equities and earn higher returns than traditional tax-saving investments like PPF, FDs and NSC
  • Lock-in period for ELSS funds
  • Not only ELSS funds, but all tax-saving investments come with a lock-in period. But tax-saving mutual funds have the lowest lock-in period of only 3 years. In comparison, PPF has a lock-in of 15 years, while NPS and EPF require you to be invested till you retire.