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🔥 Prize Bond Tax Calculator Pakistan

Prize Bond Tax
Calculator 2026

Calculate your prize bond winnings after FBR tax deductions instantly. Compare Filer (15%) vs Non-Filer (30%) tax rates under the latest Federal Board of Revenue (FBR) rules and find your exact take-home prize money in seconds.

This tool helps you understand how much tax is deducted on different prize bond denominations including Rs. 100, 200, 750, 1500, 25000 Premium Bond, and 40000 Premium Bond.

Stay updated with official FBR withholding tax regulations and make better financial decisions before claiming your prize money.

✓ Live FBR Rules 2026
✓ Filer 15% Tax Rate
✓ Non-Filer 30% Tax Rate
✓ ✓ Instant Prize Bond Tax Calculation
✓ Instant Payout Estimation

Prize Bond Tax Calculation

Gross Prize Money Rs. 0
Withholding Tax (15%) Rs. 0
Net Winning Amount After Tax Rs. 0
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How Prize Bond Tax is Calculated in Pakistan

When you win any prize bond draw in Pakistan, the government levies a withholding tax (WHT) on your prize bond winnings. The tax deduction is directly withheld at source by the State Bank of Pakistan (SBP) or National Savings, which means you receive the net winning amount after tax.

The calculations are determined strictly by your FBR Active Taxpayer List (ATL) status at the time of claim processing.

Prize Bond Tax Calculation Formula

Official Standard

The prize bond withholding tax deduction is computed using this simple algebraic formula:

Tax Amount = Gross Winning Amount × (Tax Rate ÷ 100)

Your net payout or take-home winning amount after tax is calculated as follows:

Net Amount = Gross Winning Amount − Tax Amount

Prize Bond Tax Filer vs Non-Filer: Rates Explained

In order to encourage citizens to become active taxpayers, the Government of Pakistan implements a two-tiered tax rate system on prize bond winnings. The prize bond withholding tax filer vs non-filer gap is substantial:

Active Tax Filers

For individuals registered with FBR and appearing on the Active Taxpayer List (ATL):

  • Withholding Tax Rate: 15%
  • Take Home Percentage: 85% of total prize

Non-Filers

For individuals not registered with FBR or not appearing on the Active Taxpayer List:

  • Withholding Tax Rate: 30%
  • Take Home Percentage: 70% of total prize

As illustrated above, non-filers pay exactly double the tax rate compared to active taxpayers. This makes checking your taxpayer status highly beneficial before submitting a claim for tax deduction on prize bond winnings in Pakistan.

Is Prize Bond Tax Refundable in Pakistan?

A very common question asked by draw winners is: is prize bond tax refundable in Pakistan?

According to the Income Tax Ordinance, the withholding tax deducted on prize bond winnings is treated under the **Final Tax Regime (FTR)**. This means:

  • The 15% or 30% tax deducted at source is considered the final tax liability for this income.
  • This tax amount is non-refundable and cannot be claimed back from the FBR as a cash refund.
  • It is also **not adjustable** against other income tax liabilities that you pay on your regular salary or business income.
  • However, as a filer, you are legally required to declare the gross prize bond winnings and the deducted withholding tax in your annual FBR Wealth Statement and Income Tax Return under the FTR section.

Official Prize Bond Tax Rules

The withholding tax on prize bonds applies to all denominations including Rs. 100, 200, 750, 1500, 25000, and 40000 premium bonds.

Prize bond winnings are fully taxable. You must submit your prize bond claim along with a copy of your valid CNIC to the SBP BSC or a commercial bank to claim your payout after tax deduction.

Check Prize Money List

Save Tax as Filer

By becoming an active taxpayer on FBR's ATL, you save up to 15% of your total winnings in taxes!

Filer Tax Saving Example Save Rs. 150,000 on a Rs. 1 Million Prize!
Verify FBR ATL Status

Frequently Asked Questions (FAQs)

Answers to your queries about tax rates, calculations, and rules on prize bond winnings.

The tax deduction on prize bonds depends entirely on the winner's tax filing status at the time of claim. For FBR-registered active tax filers, the withholding tax is **15%** of the gross prize money. For non-filers, the withholding tax is **30%** of the gross prize money.

In Pakistan, the State Bank of Pakistan and National Savings deduct a final withholding tax on all prize bond winnings at source. Filers are taxed at 15% and non-filers are taxed at 30%. There are no local municipal taxes; this is a federal tax deducted before the cash prize is paid out.

To calculate the filer tax on your prize bond winnings, simply multiply the gross prize money by 0.15 (15%). For example, if you win a 1st prize of Rs. 1,500,000 on a Rs. 750 bond, the tax is calculated as: `Rs. 1,500,000 × 0.15 = Rs. 225,000`. You will receive a net amount of Rs. 1,275,000.

The non-filer withholding tax rate is **30%** of the winning amount. For example, if a non-filer wins a 1st prize of Rs. 1,500,000 on a Rs. 750 prize bond, the withholding tax is calculated as: `Rs. 1,500,000 × 0.30 = Rs. 450,000`. The net payout after tax will be Rs. 1,050,000.

Yes, prize bond winnings are legally taxable in Pakistan. However, you do not need to pay this tax manually. The paying bank (State Bank of Pakistan or commercial bank) automatically deducts the tax at source before handing over the prize money, and issues a tax deduction certificate.

Yes, prize bond income is fully taxable under the Income Tax Final Tax Regime (FTR). The tax is deducted at source at a rate of 15% for filers and 30% for non-filers. The gross income and tax deduction must be declared in your FBR tax returns, but no additional tax is payable on it.
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