Avail Tax Rebate by investing in HBL Mutual Funds and HBL Pension Funds
Maximize your income tax rebate by investing in both HBL Mutual Funds as well as HBL Pension Funds. Not only will you save on taxes but you will also get an attractive return on your investment.
Investing and availing this option is easy. All you need to do is invest in HBL Funds before June 30, 2018. You can avail rebate up to Rs. 1,500,000 or 20% of tax liability (whichever is lower) by investing in Mutual Funds and up to 20%* in Pension Funds.
Find your Tax rebate amount through our Tax Saving Calculator
How to Avail Tax Rebate
- Salaried individual should inform their HR / Finance Department about their investments by submitting the account statement. They will adjust the tax credit amount from the monthly income tax deductions.
- Self-employed individual can adjust their tax payable at the time of Income tax return filing.
- As per Section 62 of Income Tax Ordinance, 2001, minimum investment holding period of two years from the date of investment is required to avail tax rebate from mutual funds.
*As per Section 63 of Income Tax Ordinance, 2001, an eligible person investing in HBL Pension Fund at the age of 41 years or above will be allowed additional contribution of 2% per annum for each year of age exceeding 40 years. However; the total contribution shall not exceed 30% of the total taxable income of the preceding year.