IGIIF Returns & Tax Credit Calculator
	Return Calculation & Tax Credit Advantage - From Investment in the IGI Income Fund (IGIIF)				%		Rs.
	Monthly Gross Income
	Yearly Gross Income
	10% Investment of Yearly Gross Income
	Amount Invested in IGI Income Fund
	How to calculate  : Step 1.  Enter 'Monthly Gross Income' & then press the 'Calculate' button.                                                      or               Enter 'Yearly Gross Income' & then press the 'Calculate' button. Step 2 (optional). If the Investment amount is not equal to 10% of Yearly Gross Income then enter amount in the 'Amount Invested in IGI Income Fund' field & then press the 'Calculate' button.
	If Invested in IGI Income Fund :
	Expected Rate of Return (Annualized) for the Year	(* indicative returns)			9.6%
	Income Tax Rate (As per Rules)	see Annualized Tax Slabs here
	Annual Tax Payable
	Tax Credit
	Expected Return of Investment (Annualized)
	Total Return (Gain on Investment + Tax Credit )
	Expected Rate of Return (Annualized) Total						%

Tax Credit on Mutual Funds Investment.

IGI Funds Ltd., the Asset Management Company of the Packages Group would like to remind investors that they can avail a tax credit if they invest in mutual funds. This means that on top of capital earnings from investments in mutual funds, they will get additional benefits in form of tax credit when filing for their annual income tax this year. As per Section 62 of the Income Tax Ordinance, 2001, you can avail a tax credit of up to Rs. 60,000 if you keep your investment in Mutual Funds for a period of 1 year.

IGI Income Fund provides competitive returns and is exempt from withholding tax (subject to compliance with the minimum distribution requirements) which translates into maximum returns for its investors.

How to determine the amount of tax credit?

Step 1
Determine the amount on which tax credit is granted
The amount on which tax credit is allowed is lesser of the following:
a. Total amount invested
b. 10% of the person’s taxable income for the year or
c. Rs. 300,000

Step 2
Determine the Average Rate of Tax
The average rate of tax is the amount of tax assessed to the person for the the year
(before allowance of any tax credit under this facility) divided by the person’s taxable income for the tax year.

Step 3
Amount of Tax Credit
The amount of tax credit would be the lesser amount from Step 1 multiplied by the average rate of tax.

Example: Suppose your total annual taxable income is Rs. 1,800,000/-, your average rate of tax is 15% and If you invest Rs. 400,000/- in IGI Income Fund, your tax credit would be calculated as follows:

Thus, if you have invested in IGI Income Fund, which has an average annualized YTD Return of 9.84 % (as of May 30, 2008), then Aggregate Return on your investment along with the tax credit will yield an amazing return of 16.59% (as stated in the above example), enhancing your return on investment significantly

What is the procedure for claiming my tax credit amount?
The procedure for claiming your tax credit is simple and easy. You will be required to show a proof of your investment at the time of filing your tax returns. For this you need a copy of your account statement of investment with IGI Funds. Please consult your tax advisor in this regard.

Additionally you can recover the tax credit on a monthly basis through lower tax deductions from your salary by intimating your employer.

Invest in IGI Income Fund & avail the maximum tax advantage. To find out more, contact our Fund Advisors at IGI Funds, at 0800-234 34 or visit www.igifunds.com.pk.