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  • Prize Money Claim Application Form - (pb-23)

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PRIZE MONEY CLAIM APPLICATION FORM (PB23) DateThe Chief Manager, State Bank of Pakistan, SBP Banking Services CorporationCHECK LIST (please mark)Original and Copy of Prize Bond Photocopy of valid.

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Answer: The claim of prize money declared on winning prize bond can be lodged at any field office on the prescribed claim form, which is available free of charge. The form duly filled may be submitted along with photocopy of NIC and winning prize bond duly signed by the applicant.

Profit rate of premium prize bond is 1.79% bi-annual.

The rate you'll pay on bond interest is the same rate you pay on your ordinary income, such as wages or income from self-employment. If, for example, you're in the 37% tax bracket, you'll pay a 37% federal income tax rate on your bond interest.

— The rate of withholding tax for prize bond or cross word puzzle is 15 per cent for persons on Active Taxpayers List (ATL) and 30 per cent for person not on the ATL.

For example, California is a state that doesn't tax lottery winnings, so the $2.04 billion California winner would only be looking at a massive federal tax bill. Washington is another state that does't tax lottery winnings.

Answer: Prize money can be claimed within six years from date of the relevant draw.

As of 2022, this means you'll likely owe the IRS at least 37% in taxes....It works out something like this if you take the lump sum for the $930 million jackpot: $930 million, less 24% withheld = $232,200,000. Less an additional $111,900,000 (to meet 37% tax rate) Total prize after federal income tax = $585,900,000.

— The rate of withholding tax for prize bond or cross word puzzle is 15 per cent for persons on Active Taxpayers List (ATL) and 30 per cent for person not on the ATL.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
PRIZE MONEY CLAIM APPLICATION FORM - (PB-23)
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2023 PK State Bank PB-23
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