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. For
more information please click here. Tax rates are for Tax Year 2020.
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. For more information please click here. Tax rates are for Tax Year 2020.
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.