Cash Withdrawals from Bank Calculator (2023-2024)
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Calculate the tax applicable on cash withdrawals from banks under Section 231AB for the tax year 2023-2024. This easy-to-use calculator helps individuals and businesses determine the exact tax on withdrawals exceeding the prescribed threshold. Stay compliant with tax laws and make informed financial decisions with our reliable tool.
| Condition | Tax Rate |
|---|---|
| Cash withdrawals exceeding Rs. 50,000 per day on an aggregate basis from a person whose name is not appearing in the active taxpayers’ list | 0.6% |