SAVE TAX AND BUILD WEALTH
Tax Bachao 2
TAX REBATE TABLE
FIND OUT HOW
STEP 1
CALL US AT “0800-62224” OR SMS TAX to 8622 TO SPEAK TO ONE OF OUR TAX ADVISORS
OR
YOU CAN ALSO LOGIN TO iSAVE.MCBFUNDS.COM AND CREATE AN ACCOUNT ON iSAVE IN A FEW MINUTES.
STEP 2
For salaried individuals:
Inform your Human Resources (HR) or Finance Department about your investments and ask them to adjust your tax credit amount from the monthly income tax deductions made from your salary
For self-employed individuals or non-salaried individuals:
When filing your own personal income tax returns, you can adjust your tax payable and enclose a copy of your statement of investment along with your documents when you file your returns
Please note:
- To avail Tax Rebate on Pension Funds, you need to hold your investment for at least one year to be eligible to claim tax credit.
- As per Section 63 of Income Tax Ordinance, 2001, an individual investor of pension fund (unit trust schemes) can claim tax credit on investment up to 20% of individual’s taxable income on an investment made in Pension Funds between July 1st and June 30th.
- The results shown by the calculator are estimates based on individuals drawing income only from salary for a whole year. Tax liabilities may change based on a number of circumstances and we advise that you speak to your tax advisor / financial professional for exact savings amounts based on your circumstances.
Disclaimer: All investments in voluntary pension schemes are subject to market risks. Past performance is not necessarily indicative of the future results. Please read the Offering Document to understand the investment policies and the risks involved. The tax credit information provided in this literature is based on interpretation of MCB Funds. Investors are advised to seek independent professional advice in this regard. Capital gain tax and withholding tax on dividend and bonus units will be charged according to Income Tax Laws, if applicable. Withdrawal from Voluntary Pension Schemes before retirement shall have tax implications.