Understanding the 200 Prize Bond 3rd Prize Amount After Tax
The Rs. 200 prize bond offers an affordable investment option with exciting prize opportunities. If you’re a holder of this bond, knowing the 3rd prize amount after tax is essential. This guide covers the details, calculations, and important tax implications to help you understand your net winnings.
Rs. 200 Prize Bond 3rd Prize Overview
For every draw, the Rs. 200 prize bond offers a 3rd prize of Rs. 1,250. However, your final amount depends on your tax filer status, as tax deductions are applied to all winnings.
Key Details:
- 3rd Prize Amount: Rs. 1,250
- Tax Rate for Filers: 15%
- Tax Rate for Non-Filers: 30%
- Face Value of Bond: Rs. 200 (added to net winnings)
Tax Deduction Rates for Prize Bonds in Pakistan
The Federal Board of Revenue (FBR) applies withholding taxes to prize bond winnings based on filer status:
- Filer Tax Deduction: A 15% tax rate applies to individuals registered with the FBR who regularly file their tax returns.
- Non-Filer Tax Deduction: A 30% tax rate is imposed on those who do not file income tax returns.
Calculating Rs. 200 Prize Bond 3rd Prize Amount After Tax
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Here’s a detailed breakdown of the net prize amount for both filers and non-filers.
For Filers
- Prize Amount: Rs. 1,250
- Tax Deduction (15%): Rs. 1,250 × 15% = Rs. 187.50
- Net Prize Amount: Rs. 1,250 – Rs. 187.50 = Rs. 1,062.50
- Net Amount Including Face Value: Rs. 1,062.50 + Rs. 200 = Rs. 1,262.50
For Non-Filers
- Prize Amount: Rs. 1,250
- Tax Deduction (30%): Rs. 1,250 × 30% = Rs. 375
- Net Prize Amount: Rs. 1,250 – Rs. 375 = Rs. 875
- Net Amount Including Face Value: Rs. 875 + Rs. 200 = Rs. 1,075
Summary Table for Rs. 200 Prize Bond 3rd Prize
| Category | Prize Amount | Tax Deduction | Net Prize Amount | Net Amount (With Face Value) |
|---|---|---|---|---|
| Filers | Rs. 1,250 | Rs. 187.50 | Rs. 1,062.50 | Rs. 1,262.50 |
| Non-Filers | Rs. 1,250 | Rs. 375 | Rs. 875 | Rs. 1,075 |
How to Check Rs. 200 Prize Bond Results
To find out if your Rs. 200 prize bond is a winner:
- Visit the official National Savings Pakistan website.
- Enter your prize bond number in the search box.
- Select the draw date and click “Search” to view the results.
- “Search.”
You can also visit a nearby National Savings Center to confirm your prize bond numbers or contact this number +923335647640.
Claiming Your Prize Money
If you’ve won the 3rd prize, follow these steps to claim your prize:
- Prepare Your Documents: Bring the original prize bond, a copy of your CNIC, and the filled claim form.
- Visit the Nearest Office: Submit your documents at a National Savings Center or State Bank branch.
- Receive Payment: The payment will be issued after verifying your filer status and deducting applicable taxes.
Benefits of Being a Filer
Being a registered tax filer comes with several advantages, including lower tax deductions on prize winnings. As illustrated above, filers receive a higher net prize amount compared to non-filers. Filing your taxes ensures compliance with regulations and allows you to maximize your returns.
Calculate your profit on Premium Prize Bonds Rs. 25000 and Rs. 4000
Conclusion
The Rs. 200 prize bond 3rd prize offers an exciting reward for a small investment. By understanding tax rates and the claim process, you can easily calculate your net amount and make the most of your winnings.
Stay informed about prize bond draws, tax policies, and more by visiting our website for the latest updates.