Cab signaling apparatus is the critical equipment for ground-vehicle communication in electrified railways. With the rapid development of high-speed and heavy-haul railways, the immunity to unbalanced traction current interference for cab signaling apparatus in the onboard train control system is increasingly demanded. This paper analyzes the interference coupling mechanism of the ZPW-2000 track circuit. Based on electromagnetic field theory and the actual working parameters, a calculation model is established to complete the quantitative research of the cab signal induction process and traction current interference. Then, a finite element model is built to simulate the process. The simulation results under the signal frequency, fundamental and harmonic interference are all consistent with the theoretical calculation results. The practical measurement data verify the coupling relationship between cab signal inductive voltage and rail current. Finally, an indirect immunity test method applying this relation for the cab signals is proposed, and the voltage indexes of the disturbance sources are determined, i.e., the test limits. The results provide an accurate quantitative basis for the cab signaling research and design of the immunity test platform; besides, the proposed indirect test method can simplify the test configuration and improve test efficiency.