Asset Management: How To Calculate Interest Tax On Time Deposits?

Everyone will generate interest when carrying out bank time deposits. Now, according to the relevant regulations, the interest generated is also paid by a certain interest tax, and the interest tax on time deposits of different banks is also different. When you choose a bank to make regular deposits, you can also take interest tax as a reference, in fact, interest tax also has a certain effect.

What role does interest tax play?

First, the income tax of interest tax will affect the income level of the residents, adjust the inequality of wealth and the gap between the rich and the poor.

Two, through the actual interest rate changes to affect the residents' savings.

Three, promote the transfer of household savings to the investment field.

By reducing private investment opportunity costs and promoting private investment, a sustained growth mechanism of social investment will be formed.

Four, curb the growth of savings and expand the present. Consumption expenditure 。

Five, increase revenue.

As a very stable source of revenue, interest tax is increasing every year. The total interest tax in 2006 reached 45 billion 900 million yuan, accounting for about 1.2% of the total tax revenue.

In the initial stage of interest tax, the growth rate of savings deposits in the whole country did show a marked downward trend. The total retail sales of consumer goods in the whole society rose sharply, and the consumption of residents began to appear active.

In 2013, which bank deposit interest was relatively high?

We are going to make a comparison to see which bank has the highest interest rate when the so called goods are three.

Regular interest rates over 1 years: interest rates for large and medium-sized banks are not changed.

In June 8th and July 6th, the central bank cut interest rates two times and adjusted the range of interest rates. With independent pricing power, commercial banks have different pricing for deposits with different maturities and levels. Reporters learned that the market share accounted for more than 75% of large and medium-sized banks in the 2~5 short-term fixed interest rates, "do nothing", the implementation of the central bank benchmark interest rate.

At present, ICBC, ABC, Bank of China, China Construction Bank and Bank of China "five major banks" have synchronized adjustment of interest rates, of which the core interest rate 1 years deposit rate has increased by 25 basis points or 1.08 times, reaching 3.25%. However, interest rates on demand deposits do not rise, which are 0.35%, 2, 3 and 5 years. Deposit interest rate This is consistent with the latest benchmark interest rate of the central bank, which is 3.75%, 4.25% and 4.75% respectively.

2 to 5 years: the interest rates of some banks have risen to the highest level.

Relatively speaking, a number of banks are relatively high-profile, the 2 to 5 years of time deposit rates are "floating to the top." Guangdong Huaxing bank said that the 2 -, 3 - and 5 - year fixed deposit rates should be adjusted to 4.125%, 4.675% and 5.225% respectively, and up 10% on the benchmark interest rate. Dongguan bank telephone hotline staff also said that the bank's 1 - year and above time deposit rates all rose 1.1 times. The interest rates of 2, 3, and 5 years after floating up are 4.125%, 4.675% and 5.225% respectively.

It is understood that most city commercial banks, such as Ningbo bank, Hangzhou bank, Bohai bank and Nanjing bank, have more than one year deposit interest rate. The 2 -, 3 - and 5 - year fixed deposit rates are 4.125%, 4.675% and 5.225% respectively.

100 thousand yuan 5 year deposit: the difference between the maximum interest rate and the minimum interest rate is 2375 yuan.

For example, two years deposit with a fixed deposit rate of 100 thousand yuan, the interest of two local banks is 750 yuan more than that of the six largest state-owned banks and the majority shareholding banks. The difference between the interest rate of 100 thousand yuan and three year deposits is 1275 yuan, and the interest rate of 100 thousand yuan and five year deposits is as high as 2375 yuan. Huaxing bank told reporters that the medium and long-term deposits can consider the choice of higher interest rate banks, the 2 year deposit interest rate level of 4.125%, to a certain extent, play a role in locking income. In the choice of RMB financial products, we should focus on one year's financial products.

It can be seen that the interest rate of short-term deposits of small banks is relatively high, and the highest interest rate of long-term deposits is still selected in large banks.

　　 Interest tax on time deposits of banks Calculation method

The deposit interest tax has dropped from 20% to 5% since August 15, 2007.

For example, time deposit is one year, the amount is ten thousand yuan, and the interest after tax is due:

10000*4.14%*0.95 (after tax) =393.3 (yuan)

Interest tax is phased and whether it is adjusted to see the adjustment of state policies.

07 years are charged, and now is not charged.

If the deposit is made, the state stipulates interest tax, and the interest tax will be deducted after maturity.

If the deposit day is charged according to the interest tax, if the automatic transfer fails to collect interest tax, the former part will be charged. Interest after the transfer will not be charged.

The 12 deposit slip method is to deposit a time deposit certificate every month, and then to deposit the new money deposit with the remaining money at the time when the month expires next year, so that when there is money to be used, there will be a day's list every month, which will not affect interest and enhance liquidity.

In addition, it can deposit zero reserves, that is to say, the same amount of money can be deposited every month. It can be stipulated that it will expire three or five years in a year. After the expiration, it will be renewed or invested in other financial products, but this kind of income is only a little higher than the current savings. It is better to choose a good fund to make a long-term fixed investment.