Winners of Rs 200 prize bond to be announced on September 16

The first prize of Rs. 750,000 will be drawn on Thursday, September 16 under the auspices of the Central Directorate of National Savings, Government of Pakistan.

First prize Rs 7 lacs 50 thousand second prize Rs 2 lacs and 50 thousand for 3 winners, third prize Rs 1,250 for 2397 winners of the lucky draw.

The government announced that income tax collection from the winners of the prize bonds grew 8 percent to reach Rs4 billion during the fiscal year 2020/21.

The sources at the Regional Tax Office (RTO) Karachi, a revenue collecting arm of the Federal Board of Revenue, said the income tax collection from the prize bonds increased to Rs4 billion in the fiscal year 2020/21, compared with Rs3.7 billion in the preceding fiscal year.

The FBR collects income tax on prizes and wins money under Section 156 of the Income Tax Ordinance, 2001.

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