For the Finance Act 2025 / Tax Year 2026 period, FBR raised the section 231AB advance tax rate on certain bank cash withdrawals by people not appearing on the Active Taxpayer List (ATL) from 0.6% to 0.8%. FBR’s circular describes the trigger as aggregate cash withdrawals of more than Rs 50,000 in one day—not Rs 50,000 per transaction. The rate is an advance adjustable tax, not necessarily a separate final tax. FBR’s index lists a Tax Year 2027 rate card updated through June 30, 2026, so the 2025 rate should not be treated as confirmed for the later tax year without checking that card.
What changed under Finance Act 2025?
FBR’s Circular No. 01 of 2025–26 says Finance Act 2025 raised the section 231AB cash-withdrawal tax rate from 0.6% to 0.8% of the amount withdrawn. FBR’s Tax Year 2026 rate card, updated through June 30, 2025, also lists 0.8% for a person not appearing on the ATL. FBR’s circular and rate-card materials describe the position for that period.
| Period or status | Rate stated by FBR | Qualification |
|---|---|---|
| Before Finance Act 2025 | 0.6% | FBR identifies this as the prior section 231AB rate. |
| Finance Act 2025 / Tax Year 2026, person not appearing on ATL | 0.8% | FBR’s circular and Tax Year 2026 rate card state this rate. |
When does the deduction apply?
Under section 231AB of the Income Tax Ordinance, 2001, the rule described in FBR’s 2025 circular applies when a person not appearing on the ATL makes aggregate cash withdrawals exceeding Rs 50,000 in a single day. The threshold is a daily total: it is not a separate Rs 50,000 allowance for each withdrawal. FBR describes the deduction as made by a banking company.
How much is 0.8%?
At the 0.8% rate specified for Tax Year 2026, the deduction is Rs 8 for every Rs 1,000 withdrawn once the daily threshold is crossed. For example, if qualifying daily withdrawals total Rs 60,000, 0.8% of that withdrawal amount is Rs 480. This illustration applies the stated rate to the full Rs 60,000; FBR’s circular says the rate is a percentage of the amount of cash withdrawn.
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Does “double tax” mean a second final tax?
No. “Double tax” is a potentially misleading headline shorthand: FBR calls the section 231AB deduction an advance adjustable tax. FBR’s general explanation describes withholding as an advance payment deducted during specified economic activities, while noting that treatment depends on the relevant section and may be adjustable against a taxpayer’s final liability. The deduction should therefore not be characterized as necessarily a final tax on the withdrawal or as a promise of a refund. FBR’s withholding-tax guidance explains the general concept.
Why ATL status matters
FBR says ATL membership brings lower rates of bank tax deduction on cash withdrawals. The 0.8% rate discussed here is specifically the Tax Year 2026 rate for people not appearing on the ATL; it should not be generalized to every bank customer. Check your status through FBR’s current ATL services before relying on it.
Rank #2
- 【Professional and Precise Detection】Multiple detection modes can be used individually or simultaneously. When the cash is fake/broken/non-magnetic/normal size banknotes, the LCD display of Aneken money counter will show red error code and sound an alarm.
- 【Multiple Functions】Count-Count the number of bills. Add-Multiple bill counting batches can be added together. Batch-The money counter stops each time the set number of bills to be counted is reached. The bill counter can also be selected in manual or automatic mode.
- 【Count Value】The money counting machine can identify banknote denominations by manually setting the "Value". In conjunction with the “Add” mode, the sum of the values of bills can be calculated. PLEASE NOTE: The bill counter does not automatically recognize the denomination of the bills.
- 【Reliable & Efficient】The high efficiency motor of the bill counter can count 1000 bills per minute. The noise level is less than 60 decibels.PLEASE NOTE: This product operates on 110V ONLY.
- 【Security Protection】For your privacy and security, there is no information about the cash counting machine on the outer box, ensuring the safety of your cash business. We provide lifetime technical support for the cash counting machine. And will reply and provide the best service within 12 hours.
Is 0.8% still the current rate?
FBR’s withholding-rate index lists a Tax Year 2027 rate card updated through June 30, 2026 under Finance Act 2026. The linked card and Finance Act 2026 material could not be verified here, so whether the later law changed section 231AB’s rate or Rs 50,000 threshold is not established. The figures in this article are specifically substantiated for the Finance Act 2025 / Tax Year 2026 period; check the Tax Year 2027 card for the later position. FBR’s withholding-rate index is the place to verify the current card.
Quick Recap
Best Value
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- PACKAGING & GUARANTEE: 1 X AL-N60 Bill Counter, 1 X External Display, 1 X Power Cord, 1x IR Calibration Paper, 1 X Nylon Brush, 1 XClean Cloth, 1 X Fuse, 1 X User Manual, 8 X Currency Straps. We Provide Extended Product Support And Upgrade The Software Free for Lifetime. ( No Information On The Box For Your Privacy)
Rank #4
- ACCURATE, EFFICIENT, SMOOTH. With a speed of 1,200 bills per minute, the KBR-500 automatically reads mixed stacks of bills, sorts based on denomination, and provides total value counted – unlike simple bill counters, which cannot determine denomination and value. With low noise level ensures smooth counting for different quality notes, brand new or worn.
- MIX, SORT, COUNT, ADD, BATCH Modes. Multiple modes and functions for all business' money counting needs: MIX counts mixed denominations. SORT counts and sorts a single denomination. COUNT counts only the number of bills. ADD keeps the count of added bills. BATCH - Process bills in customized amounts. Anything you might need is in the box.
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Rank #3
- 【Valuation】The money counter can calculate the total value of bills. Combined with the ADD mode, it can calculate the total amount of multiple stacks of the same denomination. (The cash counter machine cannot automatically recognize bill denominations, and the value needs to be set manually.) Suitable for small businesses, retail shops, office environments, and food service operations with daily cash processing needs.
- 【Counterfeit Detection】The money counting machine uses advanced UV/MG/IR/DD/DBL/HLF/CHN counterfeit detection technologies. When the machine detects counterfeit, damaged, half, or double-fed banknotes, the display will turn red and the alarm will sound for added counting security.
- 【3.7” Bright LCD display】: The 3.7” large display can clearly read and display different data, and the attached external display can help you read data from multiple angles at any time
- 【Fast & Efficient Counting】Built with an optimized feeding system, the banknote counting machine can count up to 1,300 Notes/Min with stable and smooth performance. The hopper capacity is 200 banknotes. Supports COUNT/ADD/BATCH/AUTO/MANUAL modes to meet different counting preferences and business cash handling needs.
- 【Packaging】1 x Money Counter, 1 x Power Cord, 1 x Brush, 1 x External Display, 1 x Spare Parts Kit, 4 x Currency Straps, 1 x Instruction Manual. For added privacy, the outer packaging does not display product details related to the cash counting machine. We provide lifetime services support.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
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