Prizes Tax Deduction Calculator (Pakistan)
Prize bond winnings may be subject to tax deduction at the time of payment. On this page, you can use our Prizes Tax Calculator to instantly estimate how much tax will be deducted from your selected prize. Simply choose the denomination, select the prize tier (1st, 2nd, or 3rd), and pick your filer status. The calculator applies 15% tax for filers and 30% tax for non-filers, then shows your gross prize, tax amount, and net prize after tax within seconds. This tool is helpful for quick estimates before you proceed with any prize claim process. For accuracy, always confirm final deductions according to the latest official rules at the time of payment.
Prizes Tax Deduction
What is Prize Bond Tax Deduction?
Prize bond prizes are often paid after deducting withholding tax. This means the amount you receive can be lower than the headline prize value. A tax deduction estimate helps you understand the difference between the gross prize and the net prize (after tax).
How to Use This Calculator
Step 1 – Select Denomination
Choose your prize bond denomination from the dropdown (Rs 100, 200, 750, 1500, 25000, 40000).
Step 2 – Select Prize Tier
Select 1st Prize, 2nd Prize, or 3rd Prize. The calculator will automatically pick the correct prize value for that denomination.
Step 3 – Select Filer Status
Choose Filer or Non-Filer.
Filer: 15% tax deduction
Non-Filer: 30% tax deduction
Step 4 – View Your Result
Click Calculate Tax to see:
Gross Prize
Tax Rate
Tax Deduction
Net Prize (After Tax)
Prize Amounts Used in the Calculator
Denomination Rs 100
1st Prize: Rs 700,000 | 2nd Prize: Rs 200,000 | 3rd Prize: Rs 1,000
Denomination Rs 200
1st Prize: Rs 750,000 | 2nd Prize: Rs 250,000 | 3rd Prize: Rs 1,250
Denomination Rs 750
1st Prize: Rs 1,500,000 | 2nd Prize: Rs 500,000 | 3rd Prize: Rs 9,300
Denomination Rs 1500
1st Prize: Rs 3,000,000 | 2nd Prize: Rs 1,000,000 | 3rd Prize: Rs 18,500
Denomination Rs 25000
1st Prize: Rs 30,000,000 | 2nd Prize: Rs 10,000,000 | 3rd Prize: Rs 300,000
Denomination Rs 40000
1st Prize: Rs 80,000,000 | 2nd Prize: Rs 300,000 | 3rd Prize: Rs 500,000
Filer vs Non-Filer Tax Rates
Why the Net Prize Changes
Your filer status affects the withholding tax rate. A higher tax rate results in a lower net prize. Use the calculator to compare the difference quickly.
Quick Examples
Example: Rs 40,000 (1st Prize) as Filer
Gross: Rs 80,000,000 → Tax (15%): Rs 12,000,000 → Net: Rs 68,000,000
Example: Rs 25,000 (2nd Prize) as Non-Filer
Gross: Rs 10,000,000 → Tax (30%): Rs 3,000,000 → Net: Rs 7,000,000
Why Tax Is Deducted From Prize Bond Winnings
Prize bond prizes are generally paid after applying withholding tax rules. This deduction is calculated on the prize amount before you receive payment, which is why the amount credited or paid to you can be lower than the announced prize value. Understanding the expected deduction helps you plan better, especially when comparing filer and non-filer outcomes. Many people search for a quick way to calculate “how much tax will be deducted from my prize bond prize,” and that is exactly what this calculator is designed to do.
The purpose of adding this explanation is simple: it clarifies that the calculator is giving you an estimate of tax deduction and your net prize after tax based on the prize category you select. If you want the most accurate estimate, always make sure your filer status is correct before calculating.
Desclaimer
This calculator provides an estimated tax deduction based on filer status and the rates shown on this page. For final payable amounts, confirm the deduction at the time of prize payment.
This calculator is built using the latest tax deduction rules published by official authorities. If the prize bond tax policy changes in the future, we will revise the rates and update this page to reflect the new official guidance.
Frequently Asked Questions (FAQ)
It is an estimation tool. Final deductions may depend on official rules at the time of payment.
No. The prize value is auto-selected based on denomination and prize tier.
Yes. Tax policies can be updated. Always confirm final deductions from official sources when claiming a prize.
The calculator follows the latest officially published tax deduction rules in effect. If an official policy update is announced, we will update the rates and page content accordingly.
Final deductions can vary based on the official rules applied during prize payment. Use this calculator as an estimate and always confirm the final deduction at the time of payment.