BMA EMPRESS CASH FUND (BECF)

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, 2019

Invest Rs. 2,000,000 or 20% of taxable income (whichever is lower) in Mutual Funds1

Step 2:

Claim Tax Credit on the investment from your Tax Liability of 2017-2018

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 (%)


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 (%)


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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