Prize Bond Tax Explained

Prize Bond Tax Explained

Winning a prize bond in Pakistan can be exciting, but the amount announced in the draw result is not necessarily the amount you receive in your hands or bank account.

Prize bond winnings are subject to withholding tax.

As of September 2026, National Savings states that the tax rate on prize bond winnings is:

15% for persons appearing on the Active Taxpayer List (ATL)

and:

30% for persons not appearing on the Active Taxpayer List.

In everyday language, these categories are commonly called:

Filer → 15%

Non-Filer → 30%

For example, if you win:

Rs. 1,000,000

and you qualify for the 15% rate:

Tax = Rs. 150,000

Approximate amount after withholding:

Rs. 850,000

If the 30% rate applies:

Tax = Rs. 300,000

Approximate amount after withholding:

Rs. 700,000

This guide explains how prize bond tax works in Pakistan, how to calculate the deduction, how filer and non-filer rates differ, how Premium Prize Bonds are taxed, and how much money you may receive after withholding tax.

What Is Prize Bond Tax?

Prize bond tax is the tax deducted from your prize money when you win a prize bond.

It is commonly known as:

Withholding Tax (WHT)

The tax is deducted when the prize money is paid.

National Savings currently states that:

15% of the prize amount is deducted for filers

and:

30% is deducted for non-filers.

The Federal Board of Revenue describes withholding tax generally as tax collected or deducted at the time certain specified economic transactions take place.

For prize bond holders, the practical result is simple:

Gross Prize - Withholding Tax = Amount After Tax

Current Prize Bond Tax Rates in Pakistan

The current National Savings rates can be summarized as:

National Savings expressly states these rates for prize bond winnings.

The difference is significant.

A person subject to the 30% rate pays twice as much withholding tax as someone qualifying for the 15% rate.

What Does Filer Mean for Prize Bond Tax?

The word filer is widely used in Pakistan, but for withholding-tax purposes the important concept is usually whether the person's name appears on the:

Active Taxpayer List (ATL)

maintained by the Federal Board of Revenue.

FBR lists a lower withholding tax on prize bond winnings as one of the benefits of appearing on the ATL.

National Savings similarly describes the 15% rate as applying to persons appearing in the ATL and the higher rate to persons not appearing in it.

Therefore, simply saying:

“I submitted a tax return once”

does not necessarily mean you should assume the lower rate will automatically apply.

Your applicable status should be checked under the current tax rules.

What Is the Active Taxpayer List?

The Active Taxpayer List is maintained by FBR.

It identifies taxpayers who meet the applicable requirements for inclusion on the list.

Being on the ATL can provide several withholding-tax benefits, including lower rates on certain financial transactions and prize bond winnings.

For prize bond purposes:

On ATL → Lower withholding rate

Not on ATL → Higher withholding rate

under the current National Savings policy.

Basic Prize Bond Tax Formula

Calculating prize bond tax is straightforward.

Tax Formula

Prize Money × Tax Rate = Tax Deduction

Net Amount Formula

Prize Money - Tax Deduction = Amount After Tax

You can also calculate the approximate amount after tax directly.

For a 15% rate:

Prize Money × 85% = Amount After Tax

For a 30% rate:

Prize Money × 70% = Amount After Tax

Example: Rs. 1,000 Prize

Suppose you win:

Rs. 1,000

At 15%

Tax:

1,000 × 15% = Rs. 150

Amount after withholding:

Rs. 850

At 30%

Tax:

1,000 × 30% = Rs. 300

Amount after withholding:

Rs. 700

Example: Rs. 1,250 Prize

Gross prize:

Rs. 1,250

ATL / 15%

Tax:

1,250 × 15% = Rs. 187.50

Amount after tax:

Rs. 1,062.50

Non-ATL / 30%

Tax:

1,250 × 30% = Rs. 375

Amount after tax:

Rs. 875

The actual payment process may apply the institution's normal rounding and tax-processing rules.

Example: Rs. 9,300 Prize

Suppose an Rs. 750 prize bond wins a third prize of:

Rs. 9,300

Filer / ATL

Tax:

9,300 × 15%

= Rs. 1,395

Net:

9,300 - 1,395

= Rs. 7,905

Non-Filer / Non-ATL

Tax:

9,300 × 30%

= Rs. 2,790

Net:

9,300 - 2,790

= Rs. 6,510

Difference between the two net amounts:

Rs. 1,395

Example: Rs. 18,500 Prize

Suppose you win:

Rs. 18,500

15% Tax

18,500 × 15% = Rs. 2,775

Net:

Rs. 15,725

30% Tax

18,500 × 30% = Rs. 5,550

Net:

Rs. 12,950

Example: Rs. 200,000 Prize

Gross prize:

Rs. 200,000

Filer / ATL

Tax:

200,000 × 15%

= Rs. 30,000

Amount after tax:

Rs. 170,000

Non-Filer / Non-ATL

Tax:

200,000 × 30%

= Rs. 60,000

Amount after tax:

Rs. 140,000

Difference:

Rs. 30,000

Example: Rs. 250,000 Prize

Gross prize:

Rs. 250,000

At 15%

Tax:

Rs. 37,500

Net:

Rs. 212,500

At 30%

Tax:

Rs. 75,000

Net:

Rs. 175,000

Example: Rs. 500,000 Prize

Suppose an Rs. 750 prize bond wins:

Rs. 500,000

ATL / Filer

Tax:

500,000 × 15%

= Rs. 75,000

Approximate net prize:

Rs. 425,000

Non-ATL / Non-Filer

Tax:

500,000 × 30%

= Rs. 150,000

Approximate net:

Rs. 350,000

Difference between the two:

Rs. 75,000

Example: Rs. 700,000 Prize

Gross prize:

Rs. 700,000

Filer

Tax:

700,000 × 15% = Rs. 105,000

Net:

Rs. 595,000

Non-Filer

Tax:

700,000 × 30% = Rs. 210,000

Net:

Rs. 490,000

Difference:

Rs. 105,000

Example: Rs. 750,000 Prize

Gross:

Rs. 750,000

ATL

Tax:

750,000 × 15%

= Rs. 112,500

Net:

Rs. 637,500

Non-ATL

Tax:

750,000 × 30%

= Rs. 225,000

Net:

Rs. 525,000

Example: Rs. 1 Million Prize

Suppose you win:

Rs. 1,000,000

Filer / ATL

Tax:

1,000,000 × 15%

= Rs. 150,000

Net amount:

Rs. 850,000

Non-Filer / Non-ATL

Tax:

1,000,000 × 30%

= Rs. 300,000

Net:

Rs. 700,000

Difference:

Rs. 150,000

Example: Rs. 1.5 Million Prize

Suppose an Rs. 750 bond wins the first prize:

Rs. 1,500,000

Filer

Tax:

1,500,000 × 15%

= Rs. 225,000

Approximate net:

Rs. 1,275,000

Non-Filer

Tax:

1,500,000 × 30%

= Rs. 450,000

Approximate net:

Rs. 1,050,000

Difference:

Rs. 225,000

Example: Rs. 3 Million Prize

Suppose an Rs. 1,500 prize bond wins:

Rs. 3,000,000

Filer

Tax:

3,000,000 × 15%

= Rs. 450,000

Amount after tax:

Rs. 2,550,000

Non-Filer

Tax:

3,000,000 × 30%

= Rs. 900,000

Amount after tax:

Rs. 2,100,000

Difference:

Rs. 450,000

Prize Bond Tax Comparison Table

These calculations use the current National Savings rates of 15% and 30%.

Why Is the Non-Filer Rate Higher?

Pakistan's tax system applies higher withholding rates to certain transactions involving people who are not on the Active Taxpayer List.

FBR identifies lower withholding tax on prize bond winnings as one of the benefits of being on the ATL.

For prize bonds, the current difference is substantial:

ATL = 15%

Non-ATL = 30%

This creates an incentive for taxpayers to remain compliant with applicable filing and ATL requirements.

When Is Prize Bond Tax Deducted?

National Savings states that the tax is deducted:

at source at the time of payment of prize money.

This means you normally do not first receive the full prize and then separately pay the withholding amount.

Instead, the deduction is made as part of the prize-payment process.

For example:

Gross prize:

Rs. 1,000,000

Tax:

Rs. 150,000

Amount after withholding:

Rs. 850,000

The payment process reflects the tax deduction.

What Does “Deducted at Source” Mean?

“Deducted at source” means the institution making the payment deducts the applicable tax before or at the time it pays the winner.

A simplified process is:

Gross Prize
→ Calculate Applicable Tax
→ Deduct Tax
→ Pay Remaining Amount

The winner therefore receives the amount after the applicable withholding deduction rather than being handed the entire gross prize without deduction.

Is Tax Applied to the Prize Bond's Face Value?

Prize bond withholding tax is applied to the:

Prize amount

not simply because you own or encash the bond's face value.

For example:

You own:

Rs. 750 Prize Bond

and win:

Rs. 500,000

The tax calculation is based on:

Rs. 500,000 prize money

not:

Rs. 750 face value

The bond denomination and the prize amount are separate concepts.

Prize Bond Value vs Prize Money

Consider an Rs. 1,500 prize bond.

Bond Face Value

Rs. 1,500

Possible Prize

For example:

Rs. 3,000,000

If that prize is won, the withholding calculation relates to the:

Rs. 3,000,000 prize

rather than treating the Rs. 1,500 bond face value as the taxable prize.

This distinction is important.

Does Every Prize Amount Have Tax Deducted?

National Savings describes the stated withholding rates as applying to prize money.

Its FAQ does not state a general small-prize exemption from the withholding rates shown there.

Therefore, when estimating a prize payment, calculate the applicable withholding on the prize amount unless an official current exemption or different treatment specifically applies to your case.

How to Calculate Your Net Prize Quickly

You do not always need to calculate the tax separately.

If the 15% Rate Applies

Keep:

85%

of the gross amount after withholding.

Formula:

Prize × 0.85

Example:

Rs. 500,000 × 0.85 = Rs. 425,000

If the 30% Rate Applies

Keep:

70%

after withholding.

Formula:

Prize × 0.70

Example:

Rs. 500,000 × 0.70 = Rs. 350,000

This is a simple way to estimate the amount after withholding.

Difference Between Filer and Non-Filer Prize Money

The difference between the two current rates is:

30% - 15% = 15 percentage points

Therefore, the difference in net payment equals:

15% of the gross prize

For example:

Prize:

Rs. 1,000,000

Difference:

1,000,000 × 15%

= Rs. 150,000

For a Rs. 3 million prize:

3,000,000 × 15%

= Rs. 450,000

The larger the prize, the larger the rupee difference becomes.

What If You Win Rs. 10 Million?

Gross prize:

Rs. 10,000,000

Filer / 15%

Tax:

10,000,000 × 15%

= Rs. 1,500,000

Approximate net:

Rs. 8,500,000

Non-Filer / 30%

Tax:

10,000,000 × 30%

= Rs. 3,000,000

Approximate net:

Rs. 7,000,000

Difference:

Rs. 1,500,000

What If You Win Rs. 30 Million?

The Rs. 25,000 Premium Prize Bond currently has a highest prize of:

Rs. 30 million.

Using the current withholding rates:

Filer

Gross:

Rs. 30,000,000

Tax:

30,000,000 × 15%

= Rs. 4,500,000

Approximate amount after withholding:

Rs. 25,500,000

Non-Filer

Tax:

30,000,000 × 30%

= Rs. 9,000,000

Approximate amount:

Rs. 21,000,000

Difference:

Rs. 4,500,000

What If You Win Rs. 80 Million?

National Savings currently lists the highest Rs. 40,000 Premium Prize Bond prize as:

Rs. 80 million.

Filer / ATL

Tax:

80,000,000 × 15%

= Rs. 12,000,000

Approximate net:

Rs. 68,000,000

Non-Filer / Non-ATL

Tax:

80,000,000 × 30%

= Rs. 24,000,000

Approximate net:

Rs. 56,000,000

Difference:

Rs. 12,000,000

The difference becomes especially significant for large prizes.

Premium Prize Bond Tax

Premium Prize Bonds are currently available in:

Rs. 25,000

and:

Rs. 40,000

denominations.

They differ from ordinary prize bonds because they are:

• Registered in the investor's name
• Linked to a bank account
• Eligible for prize draws
• Eligible for periodic profit

National Savings states that withholding tax applies to Premium Prize Bonds.

Its FAQ currently states that WHT applies to both:

Prize money

and:

Profit

with the published rates of:

15% for ATL persons

and:

30% for persons not appearing on ATL.

Premium Prize Money vs Premium Bond Profit

This distinction is important.

Premium Prize Bonds can provide two different kinds of payments:

Prize Money

Received when the registered bond number wins a draw.

Periodic Profit

Paid according to the Premium Prize Bond scheme.

These are conceptually different payments, even though National Savings currently states that withholding tax applies to both.

Always check the applicable current tax treatment for each payment when it is made.

How Is Premium Prize Bond Tax Collected?

Premium Prize Bonds are linked to the investor's registered bank account.

National Savings states that both:

Prize money

and:

profit

are credited directly into the investor's bank account.

Applicable withholding tax is handled as part of the payment process.

Unlike an ordinary bearer prize bond, a separate ordinary prize-money claim form is not normally required for Premium Prize Bond prize money.

Is Zakat Deducted From Premium Prize Bonds?

National Savings currently states that Premium Prize Bonds are:

exempt from Zakat.

This is separate from withholding tax.

Therefore:

Zakat exemption does not mean withholding-tax exemption.

A Premium Prize Bond may be exempt from Zakat while still having WHT applied to its prize money and profit under the current rules.

Withholding Tax vs Zakat

These are two separate concepts.

Withholding Tax

A tax collected under the tax system.

Zakat

A separate deduction governed by applicable Zakat rules.

For Premium Prize Bonds, National Savings currently states:

WHT applies

while:

Zakat is exempt.

Do not treat these terms as interchangeable.

Does Being a Filer Remove Prize Bond Tax Completely?

No.

This is a common misunderstanding.

Being on the ATL currently gives you the lower rate.

It does not reduce prize bond withholding tax to zero.

Current National Savings rates are:

ATL → 15%

Non-ATL → 30%.

Therefore, even a filer winning Rs. 1 million would still have approximately:

Rs. 150,000

deducted under the current rate.

Does Being a Non-Filer Mean You Cannot Claim a Prize?

No.

The higher withholding rate does not itself mean a non-filer cannot receive prize money.

National Savings currently provides separate withholding rates:

15% for filers

and:

30% for non-filers.

Therefore, a person subject to the non-filer rate can still have a valid prize claim, but the withholding deduction is higher.

Other eligibility and claim requirements still apply.

Can You Become a Filer After Winning?

Tax status questions can depend on when ATL status is checked and the applicable tax rules at the time of payment.

Therefore, if you have won a substantial prize and your tax status is unclear, check your current ATL position before assuming which rate will apply.

Do not rely on a guess.

FBR maintains the official Active Taxpayer List and identifies lower prize-bond withholding as an ATL benefit.

For a large prize, professional tax advice may also be appropriate where your circumstances are unusual.

Is Prize Bond Tax Deducted When You Buy the Bond?

The prize-bond withholding tax discussed in this article is related to:

winning prize money

not simply purchasing an ordinary prize bond.

For example:

You purchase:

10 × Rs. 750 bonds

Total face value:

Rs. 7,500

You do not calculate:

Rs. 7,500 × 15%

as prize-winning tax merely because you bought the bonds.

The withholding arises when qualifying prize money is paid.

Is Tax Charged Every Time You Check a Result?

No.

Searching a prize bond result online does not create a tax liability by itself.

Tax becomes relevant when there is an actual qualifying prize payment.

Therefore:

Checking result → No prize tax just for checking

Winning and receiving prize → Applicable withholding tax

Is Tax Deducted Before or After Claim Verification?

For ordinary prize bonds, the claim must first go through the applicable verification and payment procedure.

Once the prize is processed for payment, the applicable withholding is deducted at source.

National Savings states that the tax is deducted at the time of payment of the prize.

Gross Prize vs Net Prize

These two terms are important.

Gross Prize

The prize amount announced in the draw.

For example:

Rs. 1,000,000

Net Amount After Withholding

The amount remaining after tax.

At 15%:

Rs. 850,000

At 30%:

Rs. 700,000

Therefore, when planning what you will actually receive, focus on the amount after applicable withholding rather than only the headline prize.

A Simple Prize Bond Tax Calculator

A prize bond tax calculator needs only:

Prize Amount

and:

Tax Status

Formula for ATL

Tax = Prize × 0.15 Net = Prize - Tax

Formula for Non-ATL

Tax = Prize × 0.30 Net = Prize - Tax

For example:

Prize:

Rs. 3,000,000

ATL:

Tax = 450,000

Net = 2,550,000

Non-ATL:

Tax = 900,000

Net = 2,100,000

Useful Prize Bond Tax Calculator Fields

For a Pakistan rate website, a simple calculator could contain:

Prize Amount

Rs. __________

Tax Status

• ATL / Filer
• Non-ATL / Non-Filer

Then display:

Gross Prize

Tax Rate

Tax Deducted

Estimated Net Prize

For example:

Gross Prize: Rs. 500,000

Status: ATL

Tax Rate: 15%

Tax: Rs. 75,000

Estimated Net: Rs. 425,000

This can help readers understand the deduction quickly.

Prize Bond Tax Calculator Formula for Developers

The basic logic is:

if ATL:    rate = 0.15 else:    rate = 0.30 tax = prize_amount × rate net_prize = prize_amount - tax

The displayed result should clearly state that rates are based on current rules and may change.

Is the Tax Rate Based on the Prize Bond Denomination?

No.

The withholding percentage is not determined simply by whether you hold an:

Rs. 100

Rs. 750

or:

Rs. 1,500

ordinary prize bond.

The tax is calculated on the prize amount, using the applicable taxpayer-status rate.

For example, if two people each win:

Rs. 500,000

and both are subject to the same 15% rate, their basic withholding calculation is the same even if the prizes came from different bond denominations.

Does a Bigger Prize Have a Higher Percentage Tax?

Under the current National Savings rates, the percentage shown for prize bond winnings is based on tax status:

15%

or:

30%

rather than a progressive prize bracket published on the National Savings prize-bond page.

So:

Rs. 10,000 × 15%

and:

Rs. 10,000,000 × 15%

use the same percentage where the 15% rate applies.

Of course, the rupee amount of tax becomes much larger as the prize gets larger.

Example of Percentage vs Rupee Tax

At 15%:

Prize:

Rs. 100,000

Tax:

Rs. 15,000

Prize:

Rs. 1,000,000

Tax:

Rs. 150,000

Prize:

Rs. 10,000,000

Tax:

Rs. 1,500,000

The percentage remains:

15%

but the actual rupee deduction changes with the prize.

Can Tax Rules Change?

Yes.

Tax rates are established through Pakistan's tax and fiscal framework and can be changed.

FBR currently publishes withholding-tax rate cards by tax year, including a Tax Year 2027 rate card updated through the Finance Act 2026.

National Savings also publishes the rates applicable to its prize bond products.

Therefore, do not assume that:

15% and 30%

will remain unchanged forever.

Always check the current rate when you actually win or claim a prize.

Why You Should Not Use an Old Blog for Tax Rates

Suppose you find a prize bond article written several years ago.

It might contain:

• Older filer rate
• Older non-filer rate
• Old prize amounts
• Old terminology
• Outdated claim rules

Tax laws can change through annual Finance Acts and other amendments.

Therefore, for a current prize claim, verify the latest National Savings and FBR information.

Keep Tax Documentation

If you receive a significant prize, keep documentation showing:

• Gross prize
• Tax deducted
• Amount paid
• Draw details
• Bond number
• Claim reference
• Any tax certificate or payment record provided

These records may be useful when preparing your tax records or responding to questions later.

For large prizes, proper documentation becomes especially important.

Prize Bond Tax and Income Tax Return

Tax reporting can depend on your individual circumstances and current tax rules.

If you already file an income tax return, maintain records of:

• Prize received
• Withholding tax deducted
• Relevant payment certificate

If you are uncertain about how the prize should appear in your return, particularly for a large prize, consult current FBR guidance or a qualified Pakistani tax professional.

Do not rely solely on old online examples for return preparation.

Does Paying 15% Automatically Make You an ATL Taxpayer?

No.

Tax being deducted at the lower rate does not itself create or replace the normal requirements for remaining on the Active Taxpayer List.

ATL status is governed through FBR's taxpayer and filing system.

FBR maintains the ATL and publishes information about its benefits and status.

Does Prize Bond Tax Apply to Premium Bond Profit Too?

National Savings currently says WHT applies to both:

Premium Prize Bond prize money

and:

Premium Prize Bond profit.

However, prize money and periodic profit are different kinds of payment.

If tax legislation or National Savings rules change, their rates or treatment could also change.

Always use the latest official information at the time the payment is made.

Common Prize Bond Tax Mistakes

Assuming the Prize Is Tax-Free

Prize bond winnings are subject to withholding tax under the current rules.

Assuming Filers Pay Zero Tax

Filers currently pay the lower 15% rate, not 0%.

Assuming Everyone Pays 15%

People not appearing on the ATL currently face the higher 30% rate.

Calculating Tax on the Bond's Face Value

Tax is calculated on the prize amount.

Forgetting the Difference Between Gross and Net Prize

The amount advertised in the draw is not necessarily the amount received after withholding.

Confusing WHT With Zakat

These are separate deductions.

Assuming Premium Prize Bonds Have No Tax

National Savings states that WHT applies to Premium Prize Bond prize money and profit.

Using an Old Tax Rate

Always verify the latest official tax rate.

Assuming Filing a Return Automatically Means the Lower Rate

Check your applicable ATL status.

Frequently Asked Questions

How much tax is deducted from prize bond winnings in Pakistan?

As of September 2026, National Savings states:

15% for filers / persons on ATL

and:

30% for non-filers / persons not on ATL.

What is prize bond withholding tax?

It is tax deducted from prize money when the winning amount is paid.

Is prize bond tax deducted automatically?

National Savings states that the tax is deducted at source at the time the prize money is paid.

How much will I receive if I win Rs. 1 million?

At the current rates:

ATL / 15%

Tax:

Rs. 150,000

Approximate net:

Rs. 850,000

Non-ATL / 30%

Tax:

Rs. 300,000

Approximate net:

Rs. 700,000

How much will I receive from a Rs. 500,000 prize?

At 15%:

Rs. 425,000

after Rs. 75,000 withholding.

At 30%:

Rs. 350,000

after Rs. 150,000 withholding.

Is there tax on an Rs. 750 prize bond itself?

The withholding tax discussed here applies to the prize money, not simply the Rs. 750 face value of the bond.

Is a filer exempt from prize bond tax?

No.

The current filer/ATL rate is:

15%.

Is a non-filer allowed to claim a prize?

Yes, subject to normal eligibility and claim requirements, but the current National Savings withholding rate for a non-filer is:

30%.

What does ATL mean?

ATL stands for:

Active Taxpayer List

maintained by FBR.

Being on the ATL provides several withholding-tax benefits, including a lower rate on prize bond winnings.

Is Premium Prize Bond prize money taxed?

Yes.

National Savings states that WHT applies to Premium Prize Bond prize money.

Is Premium Prize Bond profit also taxed?

Yes.

National Savings currently states that withholding tax applies to Premium Prize Bond profit as well as prize money.

Is Zakat deducted from Premium Prize Bonds?

National Savings currently states that Premium Prize Bonds are exempt from Zakat.

Does Zakat exemption mean the prize is tax-free?

No.

Zakat and withholding tax are separate.

National Savings currently states that Premium Prize Bonds are Zakat-exempt while WHT still applies.

Can prize bond tax rates change?

Yes.

Tax rules can be changed through legislation and government policy. FBR publishes updated withholding-tax rate cards for each tax year.

Where should I verify the current rate?

Check current information from:

• National Savings
• Federal Board of Revenue
• State Bank of Pakistan where relevant

before calculating a real prize claim.

Conclusion

Prize bond winnings in Pakistan are not tax-free.

Under the current National Savings policy as of September 2026:

ATL / Filer → 15% withholding tax

Non-ATL / Non-Filer → 30% withholding tax.

The simplest formula is:

Prize × Tax Rate = Tax

followed by:

Prize - Tax = Amount After Withholding

For example:

Rs. 1,000,000 prize

At 15%:

Tax = Rs. 150,000

Approximate net = Rs. 850,000

At 30%:

Tax = Rs. 300,000

Approximate net = Rs. 700,000

The difference between the two tax statuses becomes increasingly significant as the prize amount grows.

Also remember:

Prize bond face value is different from prize money.

The prize withholding calculation relates to your winnings, not simply the amount printed on the bond.

Premium Prize Bonds are also subject to withholding tax. National Savings currently states that WHT applies to both Premium Prize Bond prize money and periodic profit, while Premium Prize Bonds are exempt from Zakat.

Finally, tax rules can change. FBR publishes updated withholding-tax guidance by tax year, so always verify the latest National Savings and FBR rules at the time you actually receive or claim a prize.

Disclaimer: Prize bond tax rates, Active Taxpayer List requirements, prize amounts, tax treatment, claim procedures, Premium Prize Bond rules, and other government policies can change over time. Calculations and figures in this article are for educational purposes and examples only and should not be treated as personal tax or financial advice. Always verify your current ATL status, applicable withholding tax rate, prize amount, and claim requirements through National Savings, the Federal Board of Revenue, the State Bank of Pakistan, or a qualified tax professional before making a financial or tax decision.