How much tax will prize bond winners pay in new fiscal year?

ISLAMABAD: The Finance Act of the new financial year 2026-27 has come into effect from July 1, under which tax laws have been revised in various sectors.

However, the good news for prize bond holders is that the government has not changed the tax rate imposed on the prize money.

According to the new Finance Act, 15 percent tax will be collected from filers and 30 percent from non-filers on the prize money of the prize bond during the current financial year as well.

Thus, the prize winners will have to pay the same tax as in the previous financial year, and no additional burden has been imposed on this.

On the other hand, the 107th draw of the prize bond worth Rs 750 will be held in Lahore on July 15, 2026. In this draw, the first prize will be Rs 1.5 million, which will go to one lucky winner.

While three people will receive second prizes of Rs 5,000,000 each. In addition, hundreds of successful people will also be given third prizes of Rs. 9,300.

It should be noted that there are a large number of people in Pakistan who avoid interest and invest their savings in prize bonds. Under this scheme, the capital remains safe, and there is a chance to win cash prizes through a draw every three months.

Currently, national savings prize bonds of various denominations are available in Rs. 100, 200, 750, 1500, 7500, 15,000, 25,000 and 40,000.