What is estimated
CGT charged and deducted on redemption of units by a mutual fund, collective investment scheme or REIT scheme.
Pakistan Mutual Fund Capital Gains Tax Calculator
TY2027 Mutual Fund Redemption CGT
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Reference range
How this result is calculated
A clear calculation path based on your inputs.
Inputs usedReview the information used for this result.
Full calculation and sourcesReview the statutory bridge, assumptions, and version.
Versioned calculationFormula v1.2.0
Method
Gain is gross redemption proceeds less documented basis. Investor type and fund category select the base rate, ATL status selects the Tenth Schedule multiplier, and exact dates test the legacy relief.
Important boundary
Use AMC records for fund classification, the fund-level dividend condition, cost basis and the final certificate. Dividend/distribution tax is outside this redemption-CGT result.
Interpretation
is the modeled amount for the selected path.
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Confirm the result against the AMC or NCCPL certificate before using it in a return.
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Public verification recordFormula v1.2.0
- Review scope
- Pakistan Tax Year 2027 / FY 2026-27 Calculation And Content Review
- Review team
- CalculatorGeek Tax Review Team
- Verified
- 2026-09-20
- Next source review
- 2027-06-30
- Automated fixtures
- 4 cases
Review method
Primary-law mapping against the enacted consolidated Ordinance, Finance Act 2026 Tenth Schedule amendments, calendar-boundary fixtures, JS/PHP differential validation, definition validation, and responsive browser QA.
Known limitations
- This calculator does not determine whether the scheme is a stock fund or whether its fund-level dividend receipts were less than capital gains; use the AMC statement or fund report.
- It does not reconstruct weighted-average cost across lots, aggregate redemptions, offset capital losses, or calculate dividend/distribution tax, super tax, exemptions, or special taxpayer treatments.
- The public NCCPL rate page available on the review date still displayed TY2026 operational rates. This TY2027 estimate follows the enacted law; reconcile the result to the AMC or NCCPL certificate used for filing.
- This is an educational estimator, not an FBR assessment, tax return, legal opinion or professional tax advice. Recheck the law and operational guidance when the facts or tax year change.
Published calculation checks
| Case | Inputs | Expected result |
|---|---|---|
| ATL individual stock fund | {"cgt":150000,"base_rate":15,"rate":15,"non_atl_multiplier":1} | |
| ATL company other fund | {"cgt":250000,"base_rate":25,"rate":25,"non_atl_multiplier":1} | |
| Non-ATL individual stock fund | {"cgt":300000,"base_rate":15,"rate":30,"non_atl_multiplier":2} |
On this page
What this calculator covers
This calculator estimates capital gains tax deducted on a Tax Year 2027 redemption of units in a mutual fund, collective investment scheme or REIT scheme. It covers redemptions from 1 July 2026 through 30 June 2027.
It calculates the non-negative gain, statutory base rate, non-ATL multiplier, effective rate, CGT, net gain and net redemption proceeds. It does not calculate tax on dividends or distributions.
For listed shares, debt securities or PMEX futures rather than fund units, use the Pakistan Securities Capital Gains Tax Calculator.
How the result is calculated
Capital gain = gross redemption proceeds - documented cost basis. A loss or zero gain is floored at zero for this estimate.
For TY2027 the enacted base rate is 15% for an individual or AOP. A company is charged 15% for a stock fund and 25% for another fund. The stock-fund proviso also states 15% where the fund's dividend receipts are less than its capital gains; this is a fund-level fact supplied from the AMC record.
A non-ATL investor uses a 2x multiplier under Tenth Schedule rule 1 because Finance Act 2026 omitted rule 10(y). Qualifying legacy units instead use 0% only when acquired on or before 30 June 2024 and redeemed more than six years after their acquisition date.
Worked check: An ATL company with a PKR 1,000,000 gain in an other fund produces PKR 250,000 at 25%. A non-ATL company on the same facts produces PKR 500,000 at an effective 50%.
Companies can keep the separate annual liability visible with the Pakistan Company Income Tax Calculator 2026-27.
How to use the result
Compare the estimated CGT, rate path and net redemption with the AMC redemption statement. For filing, reconcile the estimate to the AMC or NCCPL certificate because the certificate may reflect lot-level cost records, aggregation and operational treatment that this single-redemption calculator cannot reproduce.
Do not add the displayed net gain to the net redemption: net redemption already equals gross proceeds less the modeled CGT. Dividend withholding and annual capital-loss adjustments are separate.
Important boundaries
The fund type and the stock fund's dividend-receipts-versus-capital-gains condition must come from an AMC statement or fund report. The calculator does not infer either fact.
It also does not reconstruct weighted-average cost across purchase lots, aggregate redemptions, offset losses, or model dividend/distribution tax, super tax, exemptions or special statuses. The six-year test is strict: redemption on the sixth anniversary is not more than six years; relief begins the next calendar day for otherwise eligible units.
The public NCCPL page available on 20 September 2026 still displayed TY2026 operational rates. The TY2027 rates here follow the enacted consolidated Ordinance and Finance Act 2026, while the issued AMC or NCCPL certificate remains the operational reconciliation record.
Primary sources
Prepared from Division VII of Part I of the First Schedule and rules 1 and 10 of the Tenth Schedule in the FBR consolidated Income Tax Ordinance amended through 30 June 2026, together with Finance Act 2026. Source, calculation, content and differential checks were completed on September 20, 2026. Recheck when the governing law changes or before Tax Year 2028.
Frequently asked questions
What rates does the TY2027 mutual-fund calculator use?
The enacted base rate is 15% for an individual or AOP, 15% for a company redeeming a stock fund and 25% for a company redeeming another fund. A non-ATL investor is modeled at twice the base rate under Tenth Schedule rule 1 unless qualifying legacy six-year relief applies.
Why does the calculator ask about stock-fund dividend receipts?
Division VII contains an explicit 15% proviso when a stock fund's dividend receipts are less than its capital gains. This is a fund-level test, not the dividend received by the investor. For TY2027 it does not change the 15% stock-fund base rate, but recording the branch makes the statutory path auditable.
When does the six-year relief apply?
Only when the units were acquired on or before 30 June 2024 and the redemption occurs more than six years after the exact acquisition date. Redemption on the sixth anniversary does not qualify.
Does this include tax on mutual-fund dividends?
No. This result covers capital gains on redemption. Dividend or distribution withholding is a separate tax event and must not be added as though it were part of this calculation.
Should I use the calculator or the AMC tax certificate for filing?
Use the calculator to estimate and check the rate path, then reconcile to the AMC or NCCPL certificate before filing. The certificate can reflect official lot-level and operational records that are outside this calculator's inputs.