Tax Credit - Al Meezan Investment Management Limited
Al Meezan Investments

Tax Credit

Your investment in pension schemes entitles you to avail tax credit and enhance the overall return on your savings.

Invest In Al Meezan Pension Fund- Enjoy Tax Savings & Competitive Returns!

Step 1: Invest In Al Meezan Pension Fund upto your tax ceiling before June 30

  • Invest upto maximum of 20% of taxable income in Meezan Tahaffuz Pension Fund1

Step 2: Claim Tax Credit on the investment from your Tax Liability of 2022-2023

How to Avail Tax Credit Facility

To claim your tax credit amount you just need to do following:

  1. As a Salaried individual, you can inform your HR or Finance Department about your investments by submitting the account statement to adjust your tax credit amount from the monthly income tax deductions.
  2. As a Self-employed individual you can adjust your tax payable by showing investment in your wealth statement at the time of Income tax return filing.

The benefits shown in the following tables are calculated as an illustration based on maximum Investments subject to respective income brackets as defined in ITO, 2001.

Salaried Individual

Annual Taxable Income (ATI) (PKR) Tax Amount (PKR) Effective Tax Rate % Permissible Investment for Tax Credit (PKR)
Pension Funds
Tax Credit (PKR)
Pension Funds
A B C D (as per sec 63) E=D x C
1,200,000 15,000 1.25% 240,000 3,000
2,400,000 165,000 6.88% 480,000 33,000
3,600,000 405,000 11.25% 720,000 81,000
6,000,000 1,005,000 16.75% 1,200,000 201,000
12,000,000 2,955,000 24.63% 2,400,000 591,000
14,000,000 3,655,000 26.11% 2,800,000 731,000

Other than Salaried Class

Annual Taxable Income (ATI) (PKR) Tax Amount (PKR) Effective Tax Rate % Permissible Investment for Tax Credit (PKR)
Pension Funds
Tax Credit (PKR)
Pension Funds
A B C D (as per sec 63) E=D x C
800,000 10,000 1.25% 160,000 2,000
1,200,000 60,000 5.00% 240,000 12,000
2,400,000 270,000 11.25% 480,000 54,000
3,000,000 405,000 13.50% 600,000 81,000
4,000,000 680,000 17.00% 800,000 136,000
6,000,000 1,330,000 22.17% 1,200,000 266,000
11,000,000 3,080,000 28.00% 2,200,000 616,000

You can also use the Tax Saving Calculator to know the tax credit amount.

  1. 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. This information is for general purpose only. 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.