What is considered a large cash withdrawal?
Thresholds for "large" withdrawals are often governed by tax regulations aimed at monitoring cash flow and preventing tax evasion. For example, under Section 194N of the Income Tax Act in India, Tax Deducted at Source (TDS) applies when total annual cash withdrawals from a single bank or post office exceed ₹1 crore for income tax return filers. For those who do not file returns, the threshold is significantly lower, at ₹20 lakh. These limits serve as regulatory markers for what authorities consider significant cash movement, and exceeding them results in automatic tax-related reporting or deduction requirements by the financial institution.
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