When to pay the deposit tax in 2026. Answers to the main questions

In 2026, you will need to pay income tax on bank deposits for 2025. Last year, the highest value of the Central Bank's key rate reached 21%. Because of this, in 2026, interest on bank deposits will not be taxed if the total income on them remains within 210 thousand rubles. How the tax is calculated and when it needs to be paid is described in the Izvestia article.

How is the tax calculated?

• The tax is charged not on the entire income on deposits, but only on that part of it that exceeds the established limit. The money deposited in accounts and deposits is tax-free. Only the percentages received are taken into account (we discussed this in more detail here).

• The amount of interest exempt from personal income tax is calculated based on the key rate of the Bank of Russia. To do this, 1 million rubles is multiplied by the maximum rate for the year. Since in 2025 it reached 21%. Therefore, there is no need to pay tax in 2026 if the interest income does not exceed 210 thousand rubles.

• Interest on deposits is taxed according to separate rules that do not depend on the general progressive scale. Income above the limit of up to 2.4 million rubles is taxed at a rate of 13%, and everything above this amount is taxed at a rate of 15%. Let's say 500 thousand rubles of interest were received on deposits during the year. Of these, only the difference between this amount and the non—taxable limit is taxable - 290 thousand rubles. The tax is calculated from it. At a rate of 13%, it will amount to 37,700 rubles.

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How is the tax calculated for long-term and foreign currency deposits?

• For long-term deposits (over 15 months), the tax-free limit is calculated for each year, taking into account the income for this year and the remaining limits of previous years. If the deposit was opened several years ago, the limits for all these years are taken into account when paying interest.

• Income from foreign currency deposits is also taxed. The interest is converted into rubles at the exchange rate of the Central Bank on the day of payment and compared with the limit.

Who should pay the tax?

• All depositors of Russian banks, both residents and non—residents, are required to pay interest income tax on bank deposits. There are no benefits for pensioners, people with disabilities or other categories. If the deposit is registered to a minor, the tax is paid by the parents or guardians.

Do I need to send information to the Federal Tax Service?

• You don't need to calculate your income yourself. Banks transmit data on accrued interest to the Federal Tax Service, after which the tax service generates a single notification and sends it to the owner of the deposit. An individual must pay the accrued personal income tax on their own, no later than December 1.

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• If you have several deposits in different banks, the tax is calculated from the total income on all deposits at once. The limit applies to the entire amount of interest for the year, and not to each deposit separately. The tax service receives data directly from banks, including interest on savings accounts, so all income is accounted for automatically. Mistakes are rare, but if desired, you can check the amount of tax yourself.

• It is important to distinguish between deposits and other banking products. Investment banks, life insurance, long-term savings programs, and investment accounts are not considered deposits. Their income is not included in the deposit limit and is taxed according to other rules.

What are the personal income tax rates for income on deposits?

• If a person is a tax resident of Russia and his annual interest income does not exceed 2.4 million rubles, the rate of 13% is applied. When this amount is exceeded, residents pay 15%, but only from that part of the income that exceeds the specified limit. For those who do not have the status of a tax resident of the Russian Federation, a flat rate of 15% applies, regardless of the amount of interest received.

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How do I find out about the accrued tax?

• Information about the accrued tax will appear in the taxpayer's personal account on the FTS website. This amount must be transferred to the budget no later than December 1, 2026. This can be done through the taxpayer's personal account or the bank's office, as well as through payment terminals.