প্রাইজবন্ডের পুরস্কারে কর কতটুকু?

If you win a prize bond prize, you do not receive the full prize money — a government-mandated source tax is deducted first. Having a clear understanding of this tax will help you plan accordingly.

Current Tax Rate

According to Section 118 of the Income Tax Act 2023, a source tax of 20% is deducted from all prize bond winnings. This tax is deducted from the prize amount, while the face value of the bond — 100 BDT — is added separately.

Prize Structure & Tax Amounts

The following prize structure applies per series (1 series = 100,000 bonds):

• 1st Prize: ৳6,00,000 gross → ৳4,80,000 net (1 winner)
• 2nd Prize: ৳3,25,000 gross → ৳2,60,000 net (1 winner)
• 3rd Prize: ৳1,00,000 gross → ৳80,000 net (2 winners)
• 4th Prize: ৳50,000 gross → ৳40,000 net (4 winners)
• 5th Prize: ৳10,000 gross → ৳8,000 net (40 winners)

Can the Tax Be Refunded?

The 20% source tax deducted is treated as a final tax. This prize income must be declared in the annual income tax return, but no additional tax needs to be paid. No credit or refund is available against the already deducted 20%.

Who Is Responsible for Deducting the Tax?

The full responsibility of tax deduction lies with the prize-disbursing bank or institution. The winner does not need to pay any separate tax — it is deducted at source before the money is handed over. However, declaring this income in the income tax return is mandatory.