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SAVINGS · PRIZE BONDS · PAKISTAN

Questions about tax on prizes

Begin with three separate figures: the published gross prize, the deduction applied by the paying authority and the amount actually received. A checker’s tier match does not establish your tax status or the amount that will reach your account. Keep the payment and deduction record together.

As displayed by National Savings (page dated 26 August 2025, checked 7 September 2026), withholding tax on prize money is 15% for filers and 30% for non-filers, deducted at payment. The Finance Act 2026 did not change this. A non-filer’s extra 15% is adjustable: it can be recovered by filing a return. Confirm your own status with FBR.

Calculation example: the Rs 1,000 third prize of a Rs 100 bond less 15% leaves Rs 850; less 30% leaves Rs 700. This illustrates the arithmetic, not which rate applies to your payment.

Before accepting a net figure, ask which gross amount was used, which rule and status determined the deduction, whether the payment record identifies that deduction and what to do if the record is wrong. This gives you a concrete reconciliation instead of a guess based on a headline.

This site does not ask for a CNIC, income details or a tax return to check a number. Keep those details out of feedback messages. For filing obligations, a disputed deduction or advice about your circumstances, use the official channel or a qualified tax adviser.

Source references

Sources to verify current requirements

These are official starting points, not a claim that every current rule has already been reviewed.

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