1500 prize bond 3rd prize amount after tax. Find out the latest Rs. 1500 prize bond 3rd prize amount after tax deduction for filers and non-filers in Pakistan.
Rs. 1500 Prize Bond 3rd Prize Amount After Tax
Investing in prize bonds is a popular way to try your luck and win exciting cash prizes in Pakistan. The Rs. 1500 prize bond is one of the most sought-after bonds due to its affordability and attractive prize amounts. If you are wondering about the 3rd prize amount after tax deductions, this article will provide you with detailed insights on the applicable taxes for filers and non-filers.
Understanding the Rs. 1500 Prize Bond 3rd Prize
The 3rd prize for the Rs. 1500 prize bond is Rs. 18,500 before tax. However, as per the government’s tax policy, a withholding tax is applied on all prize winnings.
Tax Deductions on Rs. 1500 Prize Bond 3rd Prize
The tax deduction varies based on whether the winner is a filer (registered taxpayer) or a non-filer. The tax rates are as follows:
- For Filers: 15% tax is deducted
- For Non-Filers: 30% tax is deducted
Rs. 1500 Prize Bond 3rd Prize Amount After Tax
| Prize Amount | Before Tax | After Tax (Filers – 15%) | After Tax (Non-Filers – 30%) |
|---|---|---|---|
| 3rd Prize | Rs. 18,500 | Rs. 15,725 | Rs. 12,950 |
As seen in the table, the final amount you receive depends on your tax status.
How to Claim Your Prize Bond Winnings?
If you win the 3rd prize on a Rs. 1500 prize bond, follow these steps to claim your winnings:
- Visit the State Bank of Pakistan (SBP), National Savings Center, or an authorized bank where prize bond claims are processed.
- Present your original prize bond, along with a copy of your CNIC (Computerized National Identity Card).
- Fill out the prize claim form provided by the bank.
- After verification, the prize amount (after tax deduction) will be credited to your account or given via a crossed check.
- Make sure to claim your prize within six years of the draw date, as expired claims are not entertained.
Why Checking Your Tax Filer Status is Important?
To maximize your winnings, it is beneficial to be a registered tax filer in Pakistan. The tax on prize bonds for filers is significantly lower than for non-filers. To check your filer status, visit the Federal Board of Revenue (FBR) website and enter your CNIC to verify your tax status.
Upcoming Rs. 1500 Prize Bond Draws
Prize bond draws are held quarterly, and the draw schedule is announced at the beginning of the year. Keep an eye on official sources such as the National Savings website or newspapers to stay updated on upcoming draws.
Conclusion
The 3rd prize of Rs. 1500 prize bond is an exciting opportunity to win cash prizes. However, it is essential to be aware of the tax deductions applicable to your winnings. By being a tax filer, you can save a significant amount in deductions. If you win, claim your prize promptly by following the necessary procedures.
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