Withholding tax rates on prize bond winnings and profits from debt/loan interest have been implemented on National Savings Schemes, with significantly higher rates for non-filers.
Under the revised policy, individuals listed on the Federal Board of Revenue’s Active Taxpayers List (ATL) will now pay 15 percent withholding tax on prize bond winnings.
In contrast, non-filers will be taxed at 30 percent, doubling the rate for those outside the tax net.
The same structure applies to profits on debt/loan interest (Section 151). Filers will face a 15 percent tax on any interest or profit earned from loans, while non-filers will again be subjected to a 30 percent withholding tax.
Profit on Debt Exceeding Rs. 5 Million
Where profit on debt exceeds Rs. 5 million for a Tax Year, it is taxed as normal income, i.e, normal business slab rates will be applicable, which will be 45 percent if profit on debt exceeds Rs. 5.6 million in a year, while 40 percent for profit below Rs. 5.6 million in a year.
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What is the difference? It’s same as it was before budget.
Looting
abe jahil writer check hi kar leta pehly bhi 15 or 30% hi tha
Clearly shows the richer you are the less tax you are paying. Government for the elite, by the elite, of the elite.
Only poor people are squeezed each drop of their blood. Income and privileges of parliamentarians are increased without any limits or restrictions of IMF. Very strange!
Doesn’t seem to have changed….
It is for your (Reporter) that WHT on prize bond prize money already 15% since many years, there is no change in it as per budget 2025-26.