viki
08-02-2014, 09:55 PM
Is there any tax applicable on the prizes won on Prize Bonds, if so, what is the ratio?
The tax at the rate of 10% of the prize is deducted at source at the time of payment of prize money in accordance with the Income Tax Ordinance, 2001 as amended from time to time.
The tax at the rate of 10% of the prize is deducted at source at the time of payment of prize money in accordance with the Income Tax Ordinance, 2001 as amended from time to time.