On ATL (Exempt)
NOT on ATL
⚡ Live results — updates instantly
Tax year ⓘ
🧾 Tax payable
0.8%
Rs. 0
Enter withdrawal details to see calculation
Advance adjustable – claim
credit in annual return
📘 What is Section 231AB?
- Advance tax on total daily cash withdrawals from any bank (aggregate across all banks).
- Applies if person is NOT on Active Taxpayers List (ATL).
- Trigger: total withdrawals in a day exceed Rs. 50,000.
- Tax = total withdrawal amount × applicable rate% (not just excess).
- Tax is adjustable against final income tax liability.
⚙️ How this calculator works
- Select your ATL status (On ATL → exempt).
- Enter the total cash withdrawn from all banks in a single day.
- Choose the tax year – independent rates per year.
- If NOT on ATL and total > Rs. 50,000 → tax = total × rate%.
- If on ATL or total ≤ Rs. 50,000 → tax = Rs. 0.
- Result shows exact tax, breakdown, and compliance note.
📌 Practical example (TY 2026)
- Mr. A (NOT on ATL) withdraws Rs. 40,000 from HBL and Rs. 90,000 from UBL on the same day.
- Total daily withdrawal = Rs. 130,000 (aggregated across banks).
- Exceeds Rs. 50,000 → Tax = Rs. 130,000 × 0.8% = Rs. 1,040.
- Banks jointly deduct tax (or the second bank applies tax on the excess).
- If total were ≤ Rs. 50,000 → no tax.
⚠️ Key conditions & risks
- Aggregation rule: All cash withdrawals from any bank on the same day are added together.
- ATL is mandatory for exemption: Being a filer alone is not enough.
- Adjustable tax: Keep deduction certificates from banks to claim credit.
- Banks' responsibility: If bank fails to deduct, it may be liable for tax + penalty.
- Rates vary by year: Each tax year has its own independent rate.
❓ Frequently asked questions
- Q: Tax on total or just excess? A: On the entire total withdrawal if it exceeds Rs. 50,000.
- Q: Does it aggregate across different banks? A: Yes, total across all banks in a single day.
- Q: On ATL but bank deducted? A: Request refund or claim credit in return.
- Q: Is this tax final? A: No, it's advance adjustable tax.
- Q: How to check ATL status? A: IRIS 2.0 portal.
- Q: Does it apply to business cash? A: Yes, regardless of purpose.