1500 prize bond draw results: The National Savings Centre in Multan is all set to conduct the draw No. 101 of Rs1,500 prize bond with the holder of this denomination eagerly waiting for the results.
The draw will be held at 10am Pakistan Standard Time while general public is allowed to attend the event at the Multan office.
The holders of Rs1,500 prize bond are expecting to grab the grand prize in today’s draw.
Every Pakistani is entitled to purchase prize bonds from any SBP-BSC office, designated commercial bank branches and National Savings Centers against application form with copy of valid CNIC.
The winners can claim the prize money claim at any SBP BSC field office, designated commercial bank branches and National Saving Centers, on the prescribed claim form.
1500 Prize Bond Prize Money
As per the central bank, the winner of the first prize will win an amount of Rs3 million while there are three prizes for second winners as each will get Rs1 million.
Similarly, there are 1,696 third prizes with each winner getting the Rs18,500.
1500 Prize Bond First, Second Winners
The first prize has been won by the prize bond number 402432 while the winners of second prizes are 543452, 764165, and 814653.
1500 Prize Bond Complete Draw Results
Tax on Prize Money
Bondholders are require to pay the tax that will apply to any prize winnings.
As per new rules, tax filers will be subject to a 15 percent tax on prize earnings, while non-filers will face 30pc tax on amount they win. This marks major change in tax structure for Prize Bond winners, which may affect the total amount received by those fortunate enough to claim a prize.
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.
