Bank Cash Withdrawal Tax Calculator
Calculate the withholding tax deducted on cash withdrawals from Pakistani banks — different for filers and non-filers — and plan withdrawals to legally pay zero tax.
Single day withdrawal
Zero-tax withdrawal planner
Need a large amount of cash? Splitting withdrawals across days keeps each day under the Rs 50,000 threshold.
How to use
- Select whether you are a filer or non-filer and enter your one-day cash withdrawal. The tax deduction appears instantly.
- If you are a non-filer and need a big amount, use the planner to see how many days of Rs 50,000 withdrawals cover it with zero tax.
- The easiest permanent fix is becoming a filer — the tax on withdrawals becomes zero.
Note: Under Section 231AB of the Income Tax Ordinance, banks deduct 0.8% withholding tax on the amount exceeding Rs 50,000 of daily aggregate cash withdrawals by non-filers; filers are exempt. Withholding tax rates are set by the annual Finance Act and can change, so confirm the current rate with your bank or FBR. This tax is adjustable — filers and non-filers can claim it in their income tax return. This tool is for estimation only, not tax advice.
Frequently Asked Questions (FAQ)
What does this tax calculator do?
It calculates the withholding tax deducted on cash withdrawals from Pakistani banks, separately for filers and non-filers.
What do I need to enter?
Your tax status and the cash you withdrew in one day, in Rs.
Is there a tax-free limit?
Yes. The tax applies on amounts above the Rs 50,000 daily threshold.
How does the zero-tax withdrawal planner work?
Enter the total cash you need, and it spreads the withdrawals across days so each day stays under the Rs 50,000 threshold.
Does the tax apply per day?
Yes. It is calculated on the cash withdrawn in one day, so splitting a large withdrawal across days keeps each day under the threshold.