Aaj TV English News - Business & Economy https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Wed, 08 Apr 2026 00:06:07 +0500 Wed, 08 Apr 2026 00:06:07 +0500 60 Calculator: How much tax you will pay on bank withdrawals https://english.aaj.tv/news/30328760/calculator-how-much-tax-you-will-pay-on-bank-withdrawals <p><strong>The Federal Bureau of Revenue has started collecting an advance tax of 0.6% on non-filers withdrawing funds from the bank.</strong></p> <p>The tax applies to people who are not included on the active taxpayers list (ATL). The active tax payers list includes those who regularly file tax returns. If you were a filer in the past but stopped filing returns, your name would be removed from the ATL.</p> <p>A circular issued by the Federal Board of Revenue (FBR) said that the tax rate will be zero on withdrawing money from the bank up to Rs50,000.</p> <p>However, withdrawals above Rs50,00 per day will be taxed at the rate of 0.6% for non-filers.</p> <p>According to FIBR, a tax of Rs 330 will be charged on a withdrawal of Rs 55,000. While non-filers withdrawing Rs75,000 will be taxed Rs450.</p> <p>You can use our calculator to estimate the tax amount you will be paying on bank withdrawals if you are a non-filer.</p> <h1>Tax Calculator</h1> <label for="withdrawalAmount">Withdrawal Amount (in PKR):</label> <input type="number" id="withdrawalAmount" required> <p><label for="taxpayerType">Taxpayer Type:</label> <select id="taxpayerType"> <option value="filer">Filer</option> <option value="non-filer" selected>Non-Filer</option> </select></p> <p><button class="bg-blue-500 hover:bg-blue-700 text-white font-bold py-2 px-4 rounded" type="button" id="calculateTaxBtn">Calculate Tax</button></p> <div id="result"></div> <p>According to the circular, this tax will not be applied to the federal and provincial governments. Similarly, foreign diplomats or diplomatic missions in Pakistan will also be exempted from the tax.</p> <script> window.onload = function(){ document.getElementById("calculateTaxBtn").addEventListener("click", function() { const withdrawalAmount = parseFloat(document.getElementById("withdrawalAmount").value); const taxpayerType = document.getElementById("taxpayerType").value; let taxAmount = 0; if (withdrawalAmount >= 50000) { if (taxpayerType === "non-filer") { // Tax rate for non-filers on amounts above or equal to Rs50,000 taxAmount = withdrawalAmount * 0.006; } } document.getElementById("result").innerText = `Tax Amount: PKR ${taxAmount.toFixed(2)}`; }); }; </script> The Federal Bureau of Revenue has started collecting an advance tax of 0.6% on non-filers withdrawing funds from the bank.

The tax applies to people who are not included on the active taxpayers list (ATL). The active tax payers list includes those who regularly file tax returns. If you were a filer in the past but stopped filing returns, your name would be removed from the ATL.

A circular issued by the Federal Board of Revenue (FBR) said that the tax rate will be zero on withdrawing money from the bank up to Rs50,000.

However, withdrawals above Rs50,00 per day will be taxed at the rate of 0.6% for non-filers.

According to FIBR, a tax of Rs 330 will be charged on a withdrawal of Rs 55,000. While non-filers withdrawing Rs75,000 will be taxed Rs450.

You can use our calculator to estimate the tax amount you will be paying on bank withdrawals if you are a non-filer.

Tax Calculator

According to the circular, this tax will not be applied to the federal and provincial governments. Similarly, foreign diplomats or diplomatic missions in Pakistan will also be exempted from the tax.

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