Note (Mutual Funds): Maximum Tax credit available on investment of 20% of Annual Taxable Income or actual investment amount or 2,000,000/- whichever is lower. As per current tax laws persons availing tax credit on investment in mutual funds must hold their investment for twenty four months from investment date. Otherwise the tax assesse has to pay back the tax credit earlier availed in the Tax Year in which he / she withdraws the funds, if two years since date of investment have not concluded. Tax rates are for Tax Year 2023.

Note (Pension Funds): Investment amount eligible for tax credit is up to 20% of taxable income. As per current tax laws persons availing tax credit on investment in Voluntary Pension Schemes should hold their investment until the Retirement Age (Age 60-70 or 25 years from date of investment, whichever is opted). Otherwise with-holding tax at the average rate of last three years is applicable. Tax rates are for Tax Year 2023.

Disclaimer: This calculator is for informational purposes only and should not be construed as an offer or solicitation to buy or sell investment products. The information presented is in summary form and does not substitute for professional advice. The information does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you. Kindly read the constitutive documents before investment in mutual funds or pension funds.