750 Prize Bond 3rd Prize Amount After Tax – Everything You Need to Know
The Rs. 750 Prize Bond is one of the most sought-after savings instruments in Pakistan, offering participants an opportunity to win exciting cash prizes through quarterly draws. If you’re a winner or considering investing in this bond, understanding the 750 Prize Bond 3rd Prize amount after tax is crucial. This comprehensive guide covers everything from the prize amount before and after tax deductions to tax rates and the claiming process.
What Is a Rs. 750 Prize Bond?
The Rs. 750 Prize Bond is issued by the Government of Pakistan through the Central Directorate of National Savings. It provides a risk-free investment option where investors can participate in lucky draws held four times a year—typically in January, April, July, and October.
Prize Structure for Rs. 750 Prize Bond
Each draw includes three prize categories:
- 1st Prize: Rs. 1,500,000 (1 winner)
- 2nd Prize: Rs. 500,000 (3 winners)
- 3rd Prize: Rs. 9,300 (1,696 winners)
750 Prize Bond 3rd Prize Amount After Tax
If you win the 3rd prize of Rs. 9,300, the government deducts withholding tax (WHT) based on your tax filer status:
✅ For Tax Filers: 15% tax is deducted.
✅ For Non-Filers: 30% tax is deducted.
Pakistan’s tax laws favor active tax filers, offering lower deductions on winnings. Additionally, filers enjoy tax benefits on property taxes, motor vehicle taxes, and other financial transactions.
Calculation of 750 Prize Bond 3rd Prize After Tax
For Filers:
- 15% of Rs. 9,300 = Rs. 1,395 (tax deduction)
- Net prize amount after tax = Rs. 7,905
- Total amount received (including face value of Rs. 750) = Rs. 8,655
For Non-Filers:
- 30% of Rs. 9,300 = Rs. 2,790 (tax deduction)
- Net prize amount after tax = Rs. 6,510
- Total amount received (including face value of Rs. 750) = Rs. 7,260
Comparison of After-Tax Amounts for Other Prize Bonds
Prize Bond | Filers (15% Tax) | Non-Filers (30% Tax) |
---|---|---|
Rs. 1,500 Prize Bond (3rd Prize) | Rs. 17,225 | Rs. 14,450 |
Rs. 200 Prize Bond (3rd Prize) | Rs. 1,262 | Rs. 1,075 |
Rs. 100 Prize Bond (3rd Prize) | Rs. 950 | Rs. 800 |
How to Claim the 750 Prize Bond 3rd Prize
If you’ve won, follow these steps to claim your winnings:
- Verify your prize bond number on the State Bank of Pakistan (SBP) or National Savings website.
- Visit the nearest National Savings Center (NSC), State Bank of Pakistan, or an authorized bank branch.
- Submit the original prize bond along with a copy of your CNIC.
- Complete the prize claim form, available at the bank or NSC.
- Wait for processing—prize money is usually credited on same day for small prize money and for big prize money the prize money is credited within 20 to 30 working days.
750 Prize Bond Tax Rules & Regulations
- Tax is deducted at the source, meaning you receive the net amount after tax.
- Ensure your tax filer status is updated with the Federal Board of Revenue (FBR) to benefit from lower tax deductions.
- Tax deductions are final and cannot be reclaimed through refunds.
- Prize bonds are valid for six years from the draw date—after that, unclaimed prizes become invalid.
Why Invest in a 750 Prize Bond?
✔ Risk-Free Investment – Unlike stocks or cryptocurrencies, prize bonds retain their face value. ✔ Government-Backed Security – Issued by the State Bank of Pakistan and National Savings. ✔ Exciting Prizes – Multiple chances to win big in quarterly draws. ✔ No Fixed Maturity – You can cash out your investment anytime without penalties. ✔ Tax Benefits for Filers – Lower tax rates on winnings and other financial transactions.
Final Thoughts
Winning the 750 Prize Bond 3rd Prize is an exciting opportunity, but understanding tax deductions ensures you receive the correct amount. If you’re not a tax filer yet, consider registering with FBR to take advantage of lower tax rates and maximize your earnings.
Stay informed about the latest prize bond draw results, tax regulations, and investment strategies by regularly visiting our website. If you have any questions regarding prize bond tax deductions, claiming procedures, or investment tips, feel free to leave a comment below!
Useful Resources:
📌 How to Become a Tax Filer in Pakistan 📌 Download the Latest Prize Bond Draw List (PDF) 📌 Prize Bond Tax Deduction Rates Explained 📌 Calculate Your Prize Bond Tax Online
Prize Money (PKR) | Filer (15% Tax) | Non-Filer (30% Tax) |
1st Prize | Rs. 1,275,750 | Rs. 1,050,750 |
2nd Prize | Rs. 425,750 | Rs. 350,750 |
3rd Prize | Rs. 8,655 | Rs. 7,260 |
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How to Check Rs. 750 Prize Bond Results
To check if you’ve won the 3rd prize or any other prize for the Rs. 750 prize bond:
- Visit the official website of the National Savings Pakistan.
- Enter your prize bond number in the search bar.
- Select the draw date and click on “Search” to view results.
- You can also visit a nearby National Savings Center to confirm your prize bond numbers or contact this number: +923335647640.
Calculate your profit on Premium Prize Bonds Rs. 25000 and Rs. 4000
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