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Tax Credit Calculator

Avail Smart Tax Savings with Faysal Funds

Mutual fund offer considerable tax savings for individual salaried / non-salaried clients. You can use this calculator to find out how much tax savings you can get when investing in mutual fund.

Invest in one or more of our funds and claim your Tax Credit amount by simply following the given procedure:

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.

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.

  • To avail tax credit, a minimum investment holding period of 2 years from the date of investment is required.
  • As per Section 62 of the Income Tax Ordinance, 2001 an individual investor of open end mutual (Unit trust schemes) can claim tax credit on investment up to Rs. 2,000,000/- or 20% of individual’s taxable income (whichever is lower ) on an investment made in Mutual Funds between July 1st and June 30th in each year.
  • Investors are advised to seek independent professional advise in tax matters. Capital gains tax and withholding tax on dividend and bonus units will be charged according to Income Tax Law, if applicable.