Tax Savings - Al Meezan Investment Management Limited
Al Meezan Investments

Tax Savings

This calculator will help you find how much tax savings you can get when investing in Voluntary Pension Scheme (Meezan Tahaffuz Pension Fund) and in Mutual Funds.

Tax Savings Calculator

  1. Invest 20% of your taxable income or Rs 20 Lac (whichever is lower) in Mutual Funds to save up to 20% of your taxes
  2. Invest 20% of your taxable income in Meezan Pension Fund to save up to 20% more of your taxes.
  3. With Al Meezan you can save up to 40% of your yearly taxes

Disclaimer: As per section 62 of Income Tax Ordinance, 2001, an individual investor of open end mutual fund(unit trust schemes) can claim tax credit on investment up to Rs. 2,000,000/- or 20% of individual’s taxable income or actual cost of acquisition of units (whichever is less) on an investment made in Mutual Funds between July 1st and June 30th. As per section 63 of the income tax ordinance 2001, an eligible person joining Meezan Tahaffuz pension fund can avail tax credit up to 20% of the (eligible) person’s taxable income for the relevant tax year. In view of Individual nature of tax consequences each investor is advised to consult with his/her tax advisor with respect to specific tax consequences of investing in the Fund. To avail tax rebate on mutual funds, minimum investment holding period of two years from the date of investment is required, failing which taxes shall be applicable as per the tax laws. Considering the risk involved in investing in equity funds investors are advised to invest as per their individual risk profile

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