750 prize bond 3rd prize amount after tax depends upon your tax filing status. If you are an active tax filer the rate is different and the prize bond deduction rate for the nonfiler is different. The government of Pakistan has given tax relaxation to the filers. The tax deduction rate for the filer is 15% and nonfilers are bound to pay 30%. The active filers are beneficial in many regards they have a considerable percentage relaxation in the tax of prize money and many other taxes like property tax, motor vehicle taxes, etc.

3rd prize amount is Rs. 9300/- subject to the tax deduction. Simple calculations for the 750 prize bond 3rd prize amount after tax are given below.

For Filers:

The tax rate for filers is 15%. Let’s see the calculations

9300 * 15 = 1395

9300 – 1395 = 7905

7905 + 750 = 8655

From the above calculations, we can find that Rs. 1395 is deducted as the tax amount for the filers. The tax amount of Rs. 1395 is removed from the prize amount of Rs. 9300. Then the net prize amount is Rs. 7905. The face value of Rs. 750 is added with a net prize amount of Rs. 7905. A filer claimant will get Rs. 8655.

For Nonfilers:

The tax rate for nonfiler is 30%. Lets see the calculations

9300 * 30 = 2790

9300 – 2790 = 6510

6510 + 750 = 7250

From the above calculations, we can find that Rs. 2790 is deducted as the tax amount for the nonfilers. The tax amount Rs. 2790 is removed from the prize amount Rs. 9300. Then the net prize amount is Rs. 6510. The face value of Rs. 750 is added with a net prize amount of Rs. 6510. A nonfiler claimant will get Rs. 7250.

1500 prize bond 3rd prize amount after tax

• Filers Rs. 17,225/-
• Nonfilers Rs. 14450/-

200 prize bond 3rd prize amount after tax

• Filers Rs. 1,262/-
• Nonfilers Rs. 1,075/-

100 prize bond 3rd prize amount after tax

• Filers Rs. 950/-
• Nonfilers Rs. 800/-

It is recommended to be a filer in Pakistan to enjoy the tax relaxation. Secondly, it is also a requirement by the government to register yourself in FBR records. If you are not a filer and finding the process please go through how to become a filer in Pakistan.

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