What is the procedure for taxation of income on deposits in 2025

In Russia, the taxation procedure for income on deposits has changed. The changes have affected millions of citizens who keep their savings in banks. Izvestia tells you what you need to know about the new taxation procedure and how the tax is calculated in 2025.

What is the income tax on deposits?

The deposit income tax is a tax that is levied on income earned from deposits and bank accounts. This category also includes savings certificates, if interest is accrued on them.

The law on taxation of interest on bank deposits entered into force on January 1, 2021. At the same time, for the first time, Russians paid tax only in 2024 on income received in the previous period. Citizens were exempted from income tax on deposits for 2021 and 2022. Accordingly, in 2025, it will be necessary to pay tax on income earned over the past year.

The tax-free limit remains in place this year. It is calculated using the formula: 1 million rubles multiplied by the maximum key rate of the Central Bank (CB), effective on the first day of each month in the previous period. In 2024, the rate reached 21%, so the limit is 210 thousand rubles (1 million rubles * 21% = 210 thousand rubles).

In 2025, there is no need to pay a tax on income on deposits that does not exceed this amount.

The calculated rate: income from deposits over 210 thousand will be taxed

This will happen if the key is not urgently raised above 21 by the end of the year.%

What income is tax paid on deposits?

Only interest exceeding the established limit is subject to taxation. In 2025, the following rates apply in Russia for such incomes::

• 13% — if the limit is exceeded to 2.4 million rubles.;
• 15% — with an income of over 2.4 million rubles.

Some types of deposits have their own tax payment features. For example, income from foreign currency deposits is converted into rubles at the official exchange rate of the Central Bank on the date of payment and combined with ruble income.

Interest on ruble deposits, the interest rate on which during the year did not exceed 1% per annum, is not taxed. In addition, escrow accounts and inherited income are exempt from tax.

Nikita Chaplin, a member of the State Duma's Budget and Taxes Committee, explained to TASS that the reform is aimed at a fair distribution of the tax burden and support for citizens with moderate incomes.

Cold recalculation: additional tax payments to businesses increased by a third in 2025

Which companies have been tightened up and why are ordinary Russians increasingly attracting the attention of the Federal Tax Service

How to pay tax on income from deposits in 2025

The tax data is displayed in the taxpayer's "Personal Account". Information about the interest paid is sent to the tax service from banks automatically, citizens do not need to submit such information on their own, the Federal Tax Service (FTS) explained.

The amount will be specified in the tax notice. You can view the document and make the payment as follows:

• in your personal account on the FTS website;
• through the app "Taxes FL";
• through the Gosuslugi portal.

You must pay the tax on income from a bank deposit for 2024 by December 1, 2025.

Earlier, Izvestia wrote that the Federal Tax Service would be able to collect debts from Russians without trial.