Tax Savings Calculator

Individual investors are allowed tax credit on investment in mutual fund and voluntary pension schemes. Use this calculator to find out your maximum tax savings by investing in these schemes.

Salaried individuals
Enter your gross salary per month (if you are entitled to bonus or profit participation add its estimate per month value)*
Enter your age at joining the Voluntary Pension Scheme*
 
Investment in Mutual Funds In order to avail maximum tax saving, you can invest upto Rs. 500,000 or 15% of your annual taxable income, whichever is lower (as per section 62 of the Income Tax Ordinance, 2001).
 Rs. 0
Investment in Pension Funds In order to avail maximum tax saving, you can invest upto 20% of your annual taxable income, as per section 63 of the Income Tax Ordinance, 2001. (Assuming that this is not more than 50% of the total taxable income of the preceding year) Rs. 0
 
Contribution after 40 years

Eligible person joining Atlas Pensions at the age of 41 years or above shall be allowed additional exemption of 2% per annum for each year of age exceeding 40 years at joining the Pension Scheme. However, the total exemption shall not exceed 50% of the total taxable income of the preceding year.
Applicable tax rate ( without taking effect of marginal relief )
 0.00%
 
Tax saving in Mutual Funds (u/s 62)
 Rs. 0
Tax saving in Pension Funds (u/s 63)
 Rs. 0
 
NB
 To review the provisions of tax credit as per section 62 & 63 of the Income Tax Ordinance, 2001, please click here
 
Disclaimer:
The calculation of tax credit as mentioned above is based on Atlas Asset Management tax consultant‘s interpretation of the tax law which to the best of the asset management company/fund manager understanding is correct but investors/participants are expected to seek independent advice so as to determine the tax saving from investment in mutual fund and voluntary pension fund schemes.
  
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