• HABIB ASSET MANAGEMENT LIMITED

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    ANALYSIS ON LATEST MARKETING TRENDS

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    BENEFIT FROM RETURNS ON A DAILY BASIS

  • HABIB ASSET MANAGEMENT LIMITED

    AN INVESTMENT THAT PROSPERS

Tax Benefits

Tax Credit

What is Tax Credit?

Your investments in Habib Funds entitles you to avail tax credit of upto Rs.2,000,000 or 20% of a tax payer's annual taxable income (whichever is lower).

Therefore, you can enjoy the dual benefits of saving tax as well as the potential to earn handsome returns by investing in our Funds.                 

Our investment managers utilize their professional management to provide you with individualized consultation to grow your tax efficient savings to outperform inflation.

Your savings today will help you achieve your family and life cycle goals tomorrow.

 

Tax Credit as Per Section 62 of Income Tax Ordinance 2001:

 

According to Section 62 of the Income Tax Ordinance, 2001, a “resident’ tax payer other than a company, is entitled to tax credit on investment made in investments made in Mutual Funds and or new shares offered to public by a public company listed on a stock exchange in Pakistan. This tax credit is available on an investment amount of maximum of Rs. 2,000,000 or 20% of tax payer’s taxable income, whichever is lower. The tax credit availed on acquisition of such shares will be clawed back, if such shares are disposed off within 24 months of the date of acquisition i.e. as an investor you need to hold your investments for a period of two years.

 

 
Tax Rebate Table For Salaried & Non Salaried Class

S.No.

Gross Salary
Rs.

Tax Amount
Rs.

Effective Tax Rate
%

Maximum Investment
Rs.

Tax Credit
Rs.

1

800,000

1,000

0.13%

60,000

200

2

1,200,000

2,000

0.17%

240,000

400

3

1,800,000

30,000

1.67%

360,000

6,000

4

2,400,000

60,000

2.50%

480,000

12,000

5

4,800,000

300,000

6.25%

960,000

60,000

6

7,000,000

630,000

9.00%

1,400,000

126,000

7

10,000,000 

1,080,000

10.80%

2,000,000

216,000

8

12,000,000 

1,380,000

11.50%

2,000,000

230,000

9

16,000,000 

1,980,000

12.38%

2,000,000

247,500

10

20,000,000 

2,580,000

12.90%

2,000,000

258,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Rebate Table For AOPs (Association Of Persons)

S.No.

Taxable Income
Rs.

Tax Amount
Rs.

Effective Tax Rate
%

Maximum Investment
Rs.

Tax Credit
Rs.

1

500,000

5,000

1.00%

100,000

1,000

2

750,000

17,500

2.33%

150,000

3,500

3

1,200,000

40,000

3.33%

 240,000

8,000

4

1,500,000

70,000

4.67%

  300,000

    14,000

5

2,400,000

160,000

6.67%

        480,000

32,000

6

3,600,000

340,000

9.44%

       720,000

68,000

7

4,800,000

580,000

12.08%

       960,000

116,000

8

6,000,000

880,000

14.67%

1,200,000

176,000

9

10,000,000

2,080,000

20.80%

  2,000,000

416,000

10

12,000,000

2,680,000

22.33%

2,000,000

446,667