<h1>New Tool Helps Banks Determine TDS Rates on Large Cash Withdrawals for Filers and Non-Filers.</h1> The Income Tax Department has introduced a new tool for banks and post offices to determine the TDS rates on cash withdrawals exceeding Rs. 20 lakh for non-filers and Rs. 1 crore for filers of income tax returns. This functionality, available since July 1, 2020, allows institutions to automate the process by entering the PAN of the individual withdrawing cash. The system indicates a 2% TDS rate for withdrawals over Rs. 1 crore by filers and 2% for over Rs. 20 lakh and 5% for over Rs. 1 crore by non-filers. This measure aims to encourage tax return filing and curb black money.