ISLAMABAD (Kashmir English): The Finance Act of the new financial year 2026-27 came into force on July 1, where many rules about taxation were updated in different sectoral areas.
As per the new Finance Act, the Government did not change the existing tax rates that are now being charged against the prize money of the prize bond holder, with both 15% & 30% taxes being collected from filers and non-filers, respectively, on this money in our current financial year.
So that means the prize winners will now have to bear the same amount of taxes as was levied during the last financial year.
The 107 th draw for the prize bonds worth Rs 750 shall be conducted at Lahore on 15th July 2026.
In the same draw, the first prize of Rs .1.5 million will be presented to one lucky winner. Three persons are going to get the prize of Rs 5,000,000 each, whereas hundreds of successful people are being rewarded with the third prize of Rs 9300 respectively.
Also, there are many people in our country (Pakistan) avoiding paying interest on their savings by investing those in Prize Bonds. Your money stays safe under this scheme while you also have chances to get lucky by winning some amount as Cash Prizes once in Three Months through a Draw.
Currently, National Savings Prize Bonds of different denominations from Rs. 100/ 200 /750 /1500 /7500 /15,000 /25,000 /40,000 are Available for Investment.
