Rs 750 Prize Bond Draw in Muzaffarabad
The National Savings Center recently unveiled the winners of the highly anticipated Rs 750 Prize Bond Draw in Muzaffarabad. As always, this quarterly event generated excitement among prize bond holders across the country, with lucky winners taking home substantial sums of money. In addition to the winners, the federal government has announced a significant change in tax rates for prize bond winnings starting in July 2025, which will have a direct impact on prize bond holders. In this article, we will cover the draw results, the impact of the new tax rates, and what prize bond holders can expect moving forward.
Rs 750 Prize Bond Draw Results in Muzaffarabad
The Rs 750 Prize Bond Draw, held in Muzaffarabad, has brought joy to a few lucky individuals who will now receive life-changing amounts of money. Let’s dive into the results:
First Prize Winner:
The top prize of Rs 1.5 million was claimed by prize bond number 797063. This is the largest sum available in this particular draw, and the winner will be walking away with a significant financial boost.
BISP 8171 SMS Alert Issue: Complete Guide to Resolve Payment Discrepancies in 2025
Second Prize Winners:
The Rs 750 Prize Bond Draw also featured three second prizes, each worth Rs 500,000. The lucky winners of these second prizes are:
- 118702
- 290665
- 668206
Congratulations to these winners, who will receive Rs 5 million each. Such winnings are a dream come true for many prize bond holders and demonstrate how this draw can change lives in an instant.
Rs 750 Prize Bond Draw – Muzaffarabad Results & Tax Details
| Category | Details |
|---|---|
| Draw Location | Muzaffarabad |
| Draw Type | Rs 750 Prize Bond Draw |
| First Prize Amount | Rs 1,500,000 |
| First Prize Winner | Bond Number 797063 |
| Second Prize Amount | Rs 500,000 (Each) |
| Second Prize Winners | Bond Numbers 118702, 290665, 668206 |
| New Tax (From July 2025) | |
| – For Filers | 15% Withholding Tax on Winnings |
| – For Non-Filers | 30% Withholding Tax on Winnings |
| Next Rs 750 Draw Date | January 2026 |
Impact of Withholding Tax Changes
While winning a prize bond is undoubtedly exciting, there is an important consideration for all prize bond winners: taxes. Starting in July 2025, the federal government has announced a rise in the withholding tax rates on prize bond winnings. Here’s what this means for filers and non-filers alike:
Tax Rate for Filers:
If you are a filer (i.e., you are registered with the tax authorities and file your annual income tax returns), you will now be required to pay 15% withholding tax on your prize bond winnings. While this is a significant percentage, it is important to note that filers still enjoy a lower tax rate compared to non-filers.
Tax Rate for Non-Filers:
Non-filers, who are individuals that do not file their income tax returns, will face a 30% withholding tax on the winning amount. This is a major hike compared to the previous tax rates, and it serves as an incentive for individuals to become tax-compliant and file their returns.
Implications of New Tax Rules:
This increase in withholding tax is likely to have a few consequences. For prize bond winners, the immediate effect is that they will receive less money than before due to the higher tax deduction. However, the government is hoping this change will encourage more people to file their tax returns and become part of the formal tax system. For non-filers, the 30% tax could serve as a strong incentive to start filing their taxes to avoid losing out on a significant chunk of their winnings.
It’s important for all prize bond holders to be aware of these changes, especially when they receive their prize amounts in the future. While the winnings are still substantial, the tax deductions will now play a more significant role in the overall payout.
Reasons Why BISP 8171 Payment Suspended – Causes & Easy Fixes
Next Quarterly Draw and Future Prospects
The excitement surrounding the Rs 750 Prize Bond Draw does not stop here. The next quarterly draw is scheduled for January 2026, so prize bond holders still have time to prepare for future chances to win big. With the new tax rates coming into effect, we may see a shift in how people approach prize bonds, particularly with non-filers considering whether it’s worth paying higher taxes on their winnings.
For those who missed out on this draw, there’s always the possibility of winning in the future. The Rs 750 Prize Bond remains one of the most popular options for individuals looking to invest in a low-risk, high-reward manner. With future draws ahead, many will be keeping their fingers crossed for a chance to hit the jackpot.