What is the annual interest of 20 million deposit banks?
There are some differences in deposit interest rates among banks, and the following calculations are for reference only, subject to bank regulations:
Bank deposit interest = deposit principal * deposit interest rate * deposit term.
1, demand deposit
Suppose the bank deposit interest rate is 0% or 20%, the deposit principal is 20 million, and the deposit term is 1 year. Then the interest income that users can get after one year is: 20000000 * 0,20% *1= 40000 yuan. The average monthly interest is 3333 yuan.
2. Time deposit
(1) lump-sum deposit and withdrawal
Suppose the bank's interest rate is 1 and 65%, the deposit principal is 20 million, and the deposit term is 1 year. Then the interest that users can get after expiration is: 2000000 * 1, 65%* 1=330000 yuan. The average monthly interest income is 27,500 yuan.
(2) lump-sum deposit and withdrawal, lump-sum deposit and withdrawal, and deposit and interest withdrawal.
Suppose the bank interest rate is 1, 45% a year, the deposit principal is 20 million, and the deposit term is 1 year. Then the interest that users can get after expiration is: 2000000 * 1, 45%* 1=290000 yuan. Average monthly interest is 24 166 yuan.
(3) Life defecation.
The interest rates of time deposits and convenient deposits are calculated at a 60% discount on one-time interest rates of the same grade within one year. The deposit principal is 20 million yuan, and the deposit term is 1 year. Then the interest that users can get after expiration is: 200000000 * 1, 65% *1* 0,6 =198000 yuan. The average monthly income is: 16500 yuan.
3. Time deposit
Suppose the one-year interest rate of the bank's 20 million certificates of deposit is 3%, the deposit principal is 20 million, and the deposit term is 1 year. Then the interest that users can get after expiration is: 20000000*3%* 1=600000 yuan. The average monthly interest is 50 thousand.
Do I have to pay tax on bank deposit interest?
Bank deposit interest, wealth management income, stock price difference income and fund income are not subject to personal income tax, while interest, dividends and bonuses obtained from creditor's rights and equity are subject to personal income tax. Individual income tax is required for stock dividends (20% for holding 1 month or less, 1 month (inclusive) to 1 year (inclusive), and no individual income tax is required for fund dividends).