Cash Deposit Limit Calculator
This tool evaluates Indian cash deposit transactions against statutory reporting thresholds (SFT) and legal compliance limits. It incorporates Rule 114E (Statement of Financial Transactions) and Rule 114B (PAN Requirement) for FY 2025-26.
Statutory Framework: Rule 114E
The Income Tax Department monitors high-value cash transactions through the Statement of Financial Transactions (SFT). Reporting is mandatory for banks when specific aggregate thresholds are crossed in a single financial year (April to March).
1. Aggregate Annual Thresholds
- Savings Account: Aggregate cash deposits of ₹10 Lakh or more.
- Current Account: Aggregate cash deposits or withdrawals of ₹50 Lakh or more.
Note: These limits are aggregate, meaning deposits across multiple branches or accounts of the same bank linked to one PAN are summed up.
2. The ₹50,000 PAN Rule (Rule 114B)
For any single cash deposit of ₹50,000 or more, providing your Permanent Account Number (PAN) or Form 60 is a mandatory statutory requirement. Banks are prohibited from accepting such deposits without these details.
3. Cash Receipt Prohibition (Sec 269ST)
Under Section 269ST, no person shall receive an amount of ₹2 Lakh or more in cash from a single person in a day, in respect of a single transaction, or in respect of transactions relating to one event or occasion. Violation attracts a penalty equivalent to the cash received.
Frequently Asked Questions
Does reporting mean I have to pay tax?
No. Reporting (SFT) simply means the Income Tax Department is informed of the transaction. If the cash source is legitimate and matches your reported income (ITR), there is no tax implication.
Are cash withdrawals also reported?
Yes, for Current Accounts, aggregate cash withdrawals of ₹50 Lakh or more are reported. For savings accounts, the reporting primarily focuses on deposits.
What happens if I cross the limit?
The transaction will appear in your Annual Information Statement (AIS). If the deposit is disproportionate to your income, the Department may send an 'e-Verification' query via the compliance portal.
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Indicative Reference: This tool provides informational guidance based on current Indian tax rules (Rule 114E/114B). It does not constitute legal proof or guarantee of compliance.
Final Authority: Reporting is performed automatically by banks using internal systems. Decisions regarding scrutiny or notices are made by the Income Tax Department based on your overall tax profile.