Bank से cash निकलने पे लगेगा tax | New Income Tax Act Changes explained

👨🏻‍💻Combo Courses 👉GST ITR TDS & TCS https://fintaxpro.in/Combo 👉Mega Combo https://fintaxpro.in/All 👨🏻‍💻Solo Courses 👉GST https://fintaxpro.in/GST 👉ITR https://fintaxpro.in/ITR 👉TDS & TCS https://fintaxpro.in/TDS 👉Share Market Tax https://fintaxpro.in/sm 👉Tax Audit https://fintaxpro.in/ta 👉Accounting https://fintaxpro.in/Accounting 👉ROC eFiling https://fintaxpro.in/roc 👉Trademark https://fintaxpro.in/TM 👉Excel https://fintaxpro.in/Excel 👉Bst & PnL https://fintaxpro.in/bs 👉Project Report & CMA Data https://fintaxpro.in/cma For Course query call us at 7827521794 📞For consultancy & Services call us at 7048930220 or 8851979585 👉Email - [email protected] 👉Website - https://fintaxpro.in Understanding the new TDS threshold limits for cash withdrawal from banks is crucial for every taxpayer in India. This comprehensive guide explains the major changes introduced in the Income Tax Act 2025, effective from April 1st, 2026. The new tax regulations have simplified TDS deduction rules by introducing a single threshold limit of 1 crore rupees with 2% TDS for all taxpayers, replacing the complex multi-tier system under the old Income Tax Act 1961. Previously, ITR filers faced 2% TDS above 1 crore while non-filers dealt with confusing brackets of 20 lakh to 10 crore at 2% and above 1 crore at 5% TDS. This video breaks down the critical difference between the old and new act regarding TDS calculation methodology. Under the old Income Tax Act 1961, TDS was deducted only on the excess amount beyond the threshold, but the new Income Tax Act 2025 mandates TDS deduction on the entire amount once the cumulative cash withdrawal crosses 1 crore rupees. We present a detailed practical example showing four cash withdrawals throughout the year - 20 lakh in April, 60 lakh in June, 20 lakh in August, and 5 lakh in October 2026. When the final withdrawal pushes the total to 1.05 crore, TDS of 2.10 lakh rupees is deducted on the entire amount, leaving you with only 2.90 lakh from your 5 lakh withdrawal. In contrast, under the old act, only 10,000 rupees TDS would have been applicable on the excess 5 lakh amount. This change significantly impacts banking compliance, cash management strategies, and tax planning for businesses, professionals, and high-net-worth individuals. Whether you're a chartered accountant, tax consultant, business owner, or informed taxpayer, understanding these TDS amendments is essential for effective financial planning and avoiding unexpected tax deductions. Stay compliant with the latest tax regulations and optimize your cash withdrawal strategy with this complete breakdown of TDS threshold changes for 2026. TDS on cash withdrawal 2026 Income Tax Act 2025 new TDS rules India 1 crore TDS limit TDS threshold changes cash withdrawal TDS Income Tax Act 1961 vs 2025 TDS calculation example bank cash withdrawal tax 2% TDS rules entire amount TDS excess amount TDS Indian tax laws 2026 TDS deduction bank ITR filers TDS cash withdrawal limit new tax act India TDS compliance banks tax planning 2026 chartered accountant income tax changes TDS explained Hindi finance news India banking compliance tax consultant India business taxation TDS amendments 2026 financial planning India taxpayer guide India GST and TDS TDS on cash withdrawal Income Tax Act 2025 1 crore TDS limit New TDS rules 2026 TDS threshold limit TDS deduction on entire amount vs excess amount Cash withdrawal TDS calculation example Difference between Income Tax Act 1961 and 2025 How TDS works on bank cash withdrawal 2026 TDS compliance for banks April 2026 ITR filers TDS limit changes Bank TDS on 1 crore withdrawal New tax act simplified TDS rules TDS @ 2% on cash withdrawal Cumulative cash withdrawal TDS #TDS2026 #IncomeTaxAct2025 #TDSOnCashWithdrawal #IndiaTaxLaws #NewTaxRules #1CroreTDS #TaxPlanning2026 #BankingCompliance #TDSExplained #CharacteredAccountant #TaxConsultant #FinanceIndia #TDSCalculation #IncomeTaxChanges #TaxpayerGuide #BusinessTaxation #FinancialPlanning #TDSAmendments #BankTDS #IndiaTax #CashWithdrawalRules #TaxCompliance #ITRAct2025 #TDSThreshold #IndianTaxpayer #FinanceEducation #TaxAwareness #CAStudents #TaxationIndia #MoneyManagement ©️Fintaxpro Advisory LLP