Kirov residents were reminded about the tax on interest earned from bank deposits

      The tax authorities reminded residents of the Kirov region of the requirement to pay personal income tax on deposit income for 2024. The tax amount is calculated automatically and will be indicated in the tax notice, which will be issued in the fall. According to information from the regional tax authority, details of income from interest on bank deposits and savings accounts are already available in the taxpayer's personal account in the "Income" / "Interest on Deposits" section. The tax will be calculated based on data received from banks and reflected in the notice along with property taxes. Personal account users will receive an electronic notification at the beginning of autumn. Other citizens will receive the document by mail no later than 30 days before the deadline—by December 1, 2025. In 2024, 19,000 residents of the Kirov region will be required to pay a total tax of over 855 million rubles. It is reminded that only the part of the annual interest income exceeding the non-taxable minimum is subject to personal income tax. It is calculated using the formula: 1 million rubles multiplied by the maximum key rate of the Central Bank for the year. In 2024, the rate reached 21%, so the non-taxable income was 210,000 rubles. Citizens wishing to know their tax amount in advance are advised to use the services of their personal tax account.