1500 prize bond draw #101 February 2025 today: Results, winners list update

1500 Prize Bond winners – February 2025

1500 Prize Bond Full List for 2025

February 2025 Full List

Tax on 1500 Prize Bond Money

To collect prize bond money, the winners submit their claim form at the respective counter of any offices of SBP Banking Services Corporation.

The SBP hands over prize money up to Rs20,000 on the counter (subject to clearance of bond) the same day, while the prize money over Rs20,000 is given through payment order on/after the dates given to claimants for collecting the prize money.

As per details, the State Bank of Pakistan deducts a 15 per cent income tax on the amount of prize money for the filer, while the non-filers are subjected to pay a 30 per cent tax on the amount.

For first prize of 3,000,000 would be taxed at 450,000 for a tax filer, while a non-filer would pay 900,000. The second prize of 1,000,000 would result in 150,000 in taxes for a tax filer and 300,000 for a non-filer.

The third prize of 18,500 is taxed at 2,775 for tax filers and 5,550 for non-filers. Essentially, tax filers pay a lower tax amount compared to non-filers, reflecting the different tax rates applied to them.