How to calculate the deposit tax in 2025. Izvestia's instructions

Starting in 2021, Russia has a tax on income earned from deposits in banks. If the interest income on all deposits exceeds the established limit, you will have to pay personal income tax. Read the Izvestia article about how much is tax-free and how to calculate it.

Which deposits should I pay taxes on in 2025

Bank deposits themselves are not subject to taxes, because they are considered property, not income. But with the interest received during the placement of funds in the bank, you will have to pay personal income tax.

Previously, only income from deposits whose rate exceeded the Central Bank's rate by 5 percentage points was taxed. However, from January 1, 2021, the tax applies to all banking products that generate interest income. These include:

• deposits in rubles;
• foreign currency deposits;
• pension contributions;
• savings accounts;
• interest on the card balance.

In this case, not the entire amount of interest is taxed, but only that which exceeds the non-taxable limit. It is calculated using the formula: 1 million rubles × for the maximum key rate of the Central Bank on the first day of each month. For example, in 2024, the highest value of the Central Bank's rate reached 21%.

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Only interest on deposits in rubles, whose rate is less than 1% per annum, escrow accounts and inherited deposits are exempt from taxes.

What kind of income on deposits is tax-free in 2025

According to the law, deposit holders must pay interest income tax for the previous reporting period until December next year. Thus, in 2025, the tax for 2024 must be transferred to the Federal Tax Service.

In 2024, the key rate reached a maximum of 21%. Thus, the non-taxable amount of income is 210 thousand rubles (1 million × 21% = 210 thousand). If the interest on the deposit does not exceed this amount, you will not have to pay.

How to calculate the tax in 2025 if the income on the deposit exceeds the non-taxable amount

If the income on deposits for 2024 is more than 210 thousand rubles, the tax is charged only on the excess amount. The personal income tax rate will depend on a person's total income for the year. If it is less than 5 million rubles, the rate will be 13%, if it is more than 15%. At the same time, starting in 2025, the threshold for total income will be reduced to 2.4 million rubles.

For clarity, we can consider the following example: in 2024, a person received 250 thousand rubles with interest on a deposit. This amount exceeds the tax-free limit by 40 thousand rubles. In this case, personal income tax will be calculated as follows:

• with a total income of less than 5 million rubles: 40 thousand × 13% = 5.2 thousand rubles;
• with a total income of more than 5 million rubles: 40 thousand × 15% = 6 thousand rubles.

How to calculate and pay tax on long-term deposits in 2025

The calculation of tax on long-term deposits with a one-time interest payment at the end of the term has its own characteristics. According to the law, if the deposit period is less than 15 months, the non-taxable amount of income is calculated based on the indicators of the year in which the deposit agreement ended. If the deposit lasts for 15 months or more, the limit is calculated taking into account unused balances from previous years of the deposit.

Consider the following example:

• Let's say the deposit was opened in May 2023 for 18 months. In the fall of 2024, the depositor received an income of 400 thousand rubles from it. For 8 months of 2023, he was credited with 179 thousand rubles, and for 10 months of 2024 — 221 thousand rubles. The tax—free limit for 2023 was 150 thousand rubles, and for 2024 - 210 thousand rubles. Thus, the total tax base for income from this deposit is 29 thousand + 11 thousand = 40 thousand rubles. From this amount, the depositor will pay personal income tax in the amount of 13% or 15%.

However, if the income from deposits in the previous year did not exceed the established threshold, then in the current year the limit may be increased due to the unused balance. This reduces the tax burden on owners of long-term deposits.

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• For example, in 2024, the bank's client received income from a two—year deposit of 250 thousand rubles. In 2023, he earned only 100 thousand rubles, so with a limit of 150 thousand rubles, he had an unused balance of 50 thousand rubles. This means that the tax-free limit will be increased for 2024.: 210 thousand + 50 thousand rubles = 260 thousand rubles. Since the income of 250 thousand rubles does not exceed the new limit, there is no need to pay tax.

How to pay tax on income from deposits in 2025

The procedure for paying tax on income from deposits is maximally simplified for the average taxpayer. The entire process of collecting and processing information occurs automatically — the bank where the account is opened independently transmits all income information to the tax authorities.

The depositor must receive an official tax notification by October 30 of the current year. It will clearly indicate the amount to be paid. After that, all that remains is to make the payment in any convenient way within the time limit prescribed by law — until December 1 of this year.

There are several ways to pay the tax:

• through the taxpayer's personal account on the FTS website;
• with the help of the specialized service "Pay taxes";
• in your bank's personal account or at any of its offices.

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