Tax on interest on deposits in 2025: from what amount, when to pay

The Federal Tax Service (FTS) has started sending out notifications reminding of the need to pay income tax on deposits. Izvestia tells us how the taxation rules have changed and how much tax you will have to pay.

Deposit interest tax in 2025 — what has changed

Since January 1, 2021, new rules for the taxation of interest on bank deposits have been in effect in Russia. From this point on, a certain amount of income is set for each billing period, which is tax-free. It is calculated using the following formula: the maximum key rate of the Central Bank for the year multiplied by 1 million rubles.

For example, the highest value of the key rate for the year was 20%. According to the formula, 20% x 1 million rubles = 200 thousand rubles. This will be the amount of interest on all available deposits, tax-free. You will have to pay for everything that exceeds it. Thus, if the income for the year amounted to 250 thousand rubles, the depositor will have to transfer 13% of 50 thousand rubles to the tax service.

This takes into account the value of the key rate on the first day of each month. That is, if on December 1 it was 20%, and at the end of the month the regulator raised it to 25%, the maximum rate for the year will still remain at 20%.

Russians have been charged a tax on deposits. What you need to know

Despite the fact that the new rules came into force four years ago, they have actually only begun to be applied now, as the president has exempted income from taxes on deposits received in 2021 and 2022. Since payments are made at the end of the year following the settlement year, there were no payments in 2022 and 2023.

The amount of tax on deposits in 2025

In 2025, depositors must pay income tax on deposits received in 2024. The maximum rate of the Central Bank for this period was 21%. Based on the formula, the amount that is not taxed is 210 thousand rubles. For everything else, you need to pay personal income tax — 13% or 15%, depending on the amount of income.

Starting from January 1, 2025, the 13% rate applies to income on deposits of up to 2.4 million rubles per year. If the amount of interest received is higher, the rate will increase to 15%. Previously, such a tax was levied only on incomes of more than 5 million per year. Thus:

• for income on deposits for 2024, the personal income tax rate will be 13% if the depositor received less than 5 million rubles during the year, and 15% if the depositor received more than 5 million rubles.;
• for income on deposits for 2025, the rate will be 13% if the depositor has received up to 2.4 million rubles, and 15% for income exceeding this amount.

Income from all deposits, including foreign currency deposits, is taxed. The interest on them is converted into rubles at the current exchange rate and added to the income from other deposits.

When and how to pay tax on deposits in 2025

Personal income tax on deposit income must be paid before December 1 of the year following the billing period.

• tax for 2024 — until December 1, 2025;
• the tax for 2025 is until December 1, 2026, etc.

There are several ways to do this.:

• in the taxpayer's personal account on the FTS website;
• through the "Pay taxes" service;
• in the mobile application or office of any bank;
• through payment terminals.

• When can I avoid paying tax on deposits in 2025

Income from some deposits is not taxed. These include:

• ruble deposits with a rate of less than 1%;
• escrow accounts.

Earlier, Senator Olga Epifanova warned of fines for non-payment of taxes when renting apartments.