As an individual investor; you are entitled to benefit from significant tax savings by investing in Voluntary Pension Schemes. Use this calculator to find out the amount of tax savings that you can get when investing in Voluntary Pension Scheme (ABL Pension Fund/ ABL Islamic Pension Fund)
Tax Savings Calculator
1. Invest 20% of your taxable income in ABL Pension Funds to save up to 20% of taxes.
- Select your Age: (18-70)
- Enter Gross Annual Taxable Income (Rs.)
- Enter Actual Amount you wish to Invest Annually in VPS (Rs.)
Note : To avail Tax Rebate, a minimum holding period of two years from the date of investment is required.
- As per Section 63 of Income Tax Ordinance, 2001, an individual investor of pension fund scheme can claim tax credit subject upto maximum of 20% of current year’s taxable income.
Disclaimer
All investments in pension funds are subject to market risks. Past performance is not necessary indicative of the future results. Please read the Offering Document to understand the investment policies and risks involved. Investors are expected to seek independent advice so as to determine the tax saving from investment in voluntary pension schemes.