We have investigated the nonlinear optical properties, including the optical limiting behaviour for five different concentrations of laccaic acid dye in solution and a thin film obtained through doping in poly (methyl methacrylate) (PMMA) polymer. The experiments were performed by using single beam Z-scan technique at 532 nm with 10 ns, 10 Hz Nd:YAG laser pulses excitation. From the open-aperture Z-scan data, we derived that the laccaic dye samples exhibit strong two photon absorption (2PA). The nonlinear refractive index was determined through the closed aperture Z-scan data. The estimated absorption coefficient β2, nonlinear refractive index n2 and second order hyperpolarizability γ were found to be of the order of 10−10 m/W, 10−9 esu and 10−32 esu, respectively. The Z-scan study reveals that the natural laccaic acid dye emerges as a promising material for third order nonlinear optical devices application.