Cash Withdrawal Tax Calculator Pakistan 2026 - 50,000 Limit 0.8% Withholding Tax
Calculate cash withdrawal withholding tax in Pakistan as per FBR and State Bank of Pakistan rules 2026. If you withdraw cash more than 50,000 PKR per day from your bank account, bank will charge 0.8% withholding tax for non-filers. This tax is only on cash withdrawal from counter and ATM. There is NO tax on online banking, mobile app transfer, IBFT, Raast transfer, cheque clearing or fund transfer. Our calculator tells you exact tax and net cash you will receive.
FBR Rule for Cash Transaction - 50k Limit
As per FBR Finance Act, cash withdrawal exceeding 50,000 PKR in a single day is subject to advance adjustable withholding tax under Section 231AB. For filers, rate is 0% - NO tax in most banks as per 2024 budget. For non-filers, rate is 0.6% to 0.8% depending on bank. If you withdraw 50,000 or less, NO tax. If you withdraw 51,000, tax is charged on full 51,000 amount, not just 1,000. For example 60,000 withdrawal x 0.8% = 480 PKR tax. You will get 59,520 cash but 480 goes to FBR.
This limit is per day per account, combined for all cash withdrawals from same bank same day. If you withdraw 30,000 morning and 25,000 evening same day, total 55,000 so tax will apply on 55,000 = 440 PKR at 0.8%. To avoid tax, keep daily cash withdrawal below or equal to 50,000 PKR. Use online transfers - they are 100% tax free with no limit.
Which Banks Charge 0.8% Cash Tax in Pakistan?
All Pakistani banks charge same FBR withholding tax: HBL, UBL, MCB, Allied Bank, Meezan Bank, Bank Al Habib, Askari Bank, JS Bank, Bank Alfalah, National Bank, Faysal Bank, Al Baraka, Dubai Islamic Bank, UBL Ameen. Rate for non-filers is 0.6% to 0.8%. Filers pay 0% in most cases after 2024 Finance Bill. This tax is adjustable - you can claim refund in FBR income tax return if you are filer.
How to Avoid Cash Withdrawal Tax?
1) Keep cash withdrawal <=50,000 per day. Withdraw 50k today, 50k tomorrow = no tax. 2) Use online banking, mobile apps like HBL Mobile, UBL Digital, Meezan Mobile, Easypaisa, JazzCash, Raast ID, IBFT - these are 100% tax free with no limit. You can transfer 1 million PKR via app with 0 tax. 3) Become filer by filing income tax return - filer rate is 0% in many banks. 4) Use pay order, cross cheque for big payments - no withholding tax on that.
FAQs
Is there tax on bank transfer in Pakistan?
No, there is NO tax on app transfer, fund transfer, IBFT, Raast transfer, online transfer. Only cash withdrawal from ATM or branch counter above 50,000 per day is taxable at 0.8% for non-filers.
If I withdraw 60,000, tax on 10,000 or 60,000?
Tax is on full 60,000, not just 10,000 excess. So 60,000 x 0.8% = 480 PKR tax. That's why keep it at 50,000 or below to avoid full tax.