The amount of tax-free income from bank deposits of Russians will be 210 thousand rubles for 2024. This was reported by RIA Novosti.
The law on taxation of interest received from bank deposits was enacted in 2021. It also began to be implemented for the first time this year – Russians must pay taxes for 2023. Tax is payable on the portion of income that exceeds the non-taxable amount.
This amount is calculated as follows: one million rubles multiplied by the maximum lock rate of the Central Bank of the Russian Federation for the calendar year. In this case, the rate itself is taken into account based on the data on the 1st day of each month. Its maximum level as of December 1 in 2024 was 21%. Thus, according to the formula that takes 21% of 1 million, the non-taxable amount for the current year is 210 thousand rubles.
Deputy Governor of the Bank of Russia Philip Gabunia stated At the end of November, it turned out that Russian banks now “absolutely” have sources of income that allow them to pay customers high interest rates on long-term deposits.
Previously expert named The most suitable maturity of the deposit.
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Source: Gazeta
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