It depends on whether you are talking about the interest obtained by the company or the interest obtained by personal deposits?

If the interest is earned by a company, corporate income tax will be paid at the end of the year. If it is interest earned by a personal deposit, no personal tax will be paid.

The tax on personal interest income should be calculated as follows: individuals must pay tax on interest income obtained from non-bank deposits, with a tax rate of 20%; individuals do not need to pay tax on interest income obtained from bank deposits.

1. The interest income obtained by individuals is one of the tax items of personal income tax. The legal basis is as follows: "Personal Income Tax Law of the People's Republic of China": Article 2 The following personal income shall be subject to personal income tax: (7) Interest

, dividends, bonus income.

Content Article 1: Individuals who have a domicile in China, or who have no domicile but have lived in the country for one year, shall pay personal income tax in accordance with the provisions of this Law on their income derived from within and outside China.

Individuals who do not have a domicile and do not live in China, or do not have a domicile and have lived in China for less than one year, shall pay personal income tax in accordance with the provisions of this Law on their income derived from China.

Article 2 The following personal incomes are subject to personal income tax: 1. Income from wages and salaries; 2. Income from production and operations of individual industrial and commercial households; 3. Income from contracting and leasing operations for enterprises and institutions; 4. Remuneration for labor services

Income; 5. Income from royalties; 6. Income from royalties; 7. Income from interest, dividends, bonuses; 8. Income from property leasing; 9. Income from property transfer;

other income tax.

Article 3 Personal income tax rates: 1. For wages and salary income, excessive progressive tax rates are applicable, ranging from 3% to 45% (the tax rate table is attached).

2. The excess progressive tax rate of 5% to 35% is applicable to the production and operating income of individual industrial and commercial households and the income from contracting and leasing operations of enterprises and institutions (the tax rate table is attached).

3. Income from author remuneration is subject to a proportional tax rate of 20%, with a 30% reduction based on the tax payable.

4. Income from labor remuneration is subject to a proportional tax rate of 20%.

If the one-time income from labor remuneration is abnormally high, a markup may be levied. The specific measures shall be stipulated by the State Council.

5. Income from royalties, income from interest, dividends, dividends, income from property leasing, income from property transfer, incidental income and other income is subject to a proportional tax rate of 20%.

Article 4 The following types of personal income are exempt from personal income tax: 1. Provincial people's governments, ministries and commissions of the State Council, units of the Chinese People's Liberation Army and above, as well as science, education, technology, culture, health, and sports issued by foreign organizations and international organizations

, bonuses for environmental protection and other aspects; 2. Interest on national bonds and financial bonds issued by the state; 3. Subsidies and allowances issued in accordance with unified national regulations; 4. Welfare fees, pensions, and relief funds; 5. Insurance compensation; 6.

Re-employment fees and demobilization fees for military personnel; 7. Settlement allowances, retirement pay, retirement wages, retirement wages, and retirement living allowances paid to cadres and employees in accordance with unified national regulations; 8. Residents stationed in various countries who should be exempted from tax in accordance with the relevant laws of our country.

Income of diplomatic representatives, consular officers and other personnel of the Chinese embassy and consulates; 9. Income that is tax-free in international conventions and agreements signed by the Chinese government; 10. Tax-free income approved by the finance department of the State Council.

Article 5 In any of the following circumstances, personal income tax may be reduced upon approval: 1. Income of disabled, elderly persons and martyred persons; 2. Heavy losses caused by severe natural disasters; 3. Other tax reductions approved by the finance department of the State Council

of.

Article 6 Calculation of taxable income: 1. For income from wages and salaries, the balance after deducting 3,500 yuan in expenses from the monthly income shall be the taxable income.

2. The income from production and operation of individual industrial and commercial households shall be the taxable income based on the balance after deducting costs, expenses and losses from the total income in each tax year.

3. For the income from contracted operations and leasing operations of enterprises and institutions, the balance after deducting necessary expenses from the total income in each tax year shall be the taxable income.

4. If the income from labor remuneration, author remuneration, royalties, and property leasing does not exceed 4,000 yuan per time, 800 yuan will be deducted; if the income exceeds 4,000 yuan, 20% will be deducted.

expenses, the balance of which is taxable income.

5. For income from property transfer, the taxable income shall be the balance of the income from the transfer of property minus the original value of the property and reasonable expenses.