BMA CHUNDRIGAR ROAD SAVINGS FUND (BCSF)

BCSF - TAX BENEFITS

Invest In BMA Funds- Enjoy Tax Savings & Competitive Returns!

Step 1:

Invest in BMA Funds up to your tax ceiling before June 30, 2017

Invest Rs. 1,500,000 or 20% of taxable income (whichever is lower) in Mutual Funds1

Step 2:

Claim Tax Credit on the investment from your Tax Liability of 2016-2017

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 INDIVIDUALS

Taxable Income (PKR)Permissible Investment for Tax Credit (PKR)Tax Amount (PKR)Effective Tax Rate %Tax Credit (PKR)Return On Investment (PKR)*ROI + Tax Rebate (PKR)*Annual Return (%)
600,000 120,000 7,000 1.20% 1,400 7,500 8,900 7.40%
900,000 180,000 29,500 3.30% 5,900 11,250 17,150 9.50%
1,550,000 310,000 99,500 6.40% 19,900 19,375 39,275 12.70%
2,450,000 490,000 250,750 10.20% 50,150 30,625 80,775 16.50%
4,500,000 900,000 734,500 16.30% 146,900 56,250 203,150 22.60%
8,000,000 1,500,000 1,722,000 21.50% 322,875 93,750 416,625 27.80%
10,000,000 1,500,000 2,322,000 23.20% 348,300 93,750 442,050 29.50%
20,000,000 1,500,000 5,322,000 26.60% 399,150 93,750 492,900 32.90%
6.25% is assumed Average Return*


SELF EMPLOYED INDIVIDUALS

Taxable Income (PKR)Permissible Investment for Tax Credit (PKR)Tax Amount (PKR)Effective Tax Rate %Tax Credit (PKR)Return On Investment (PKR)*ROI + Tax Rebate (PKR)*Annual Return (%)
600,000 120,000 17,000 2.83% 3,400 7,500 10,900 9.08%
900,000 180,000 54,500 6.06% 10,900 11,250 22,150 12.31%
1,500,000 300,000 144,500 9.63% 28,900 18,750 47,650 15.88%
2,400,000 480,000 324,500 13.52% 64,900 30,000 94,900 19.77%
4,500,000 900,000 869,500 19.32% 173,900 56,250 230,150 25.57%
8,000,000 1,500,000 2,019,500 25.24% 378,656 93,750 472,406 31.49%
10,000,000 1,500,000 2,719,500 27.20% 407,925 93,750 501,675 33.45%
20,000,000 1,500,000 6,219,500 31.10% 466,463 93,750 560,213 37.35%
6.25% is assumed Average Return*


Notes:

  • To avail Tax Rebate, a minimum investment holding period of two years from the date of investment is required.
  • Please refer to the Income Tax Ordinance 2001, section 62, to understand the Tax Law fully and the terms and conditions that apply. Tax rates are for FY 2016-17.

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