Indonesia Savings Interest Tax Calculator 2024
On Rp100,000,000 savings at 3.5% interest, gross annual interest is Rp3,500,000. After 20% final tax (Rp700,000), net interest is Rp2,800,000 — a net yield of 2.8%.
Interest on balances above Rp7,500,000 per bank per month is taxed at 20%
Time deposits (deposito) earn higher rates than regular savings accounts
Gross Annual Interest
IDR35,00,000
PPh Bunga (20% final tax)
IDR7,00,000
Net Interest After Tax
IDR28,00,000
Net Effective Yield
2.80%
PPh on savings interest is a final tax (PPh Final) at 20% — it is not added to other income for progressive rate purposes. Balances below Rp7,500,000 threshold are exempt per account per month. Lower 10% rate applies to residents of countries with tax treaties.
What is the Indonesia Savings Interest Tax Calculator?
Bank savings and time deposit (deposito) interest in Indonesia is subject to a 20% final income tax (PPh Bunga Deposito/Tabungan). This is a final tax — it is not combined with other income for progressive rate calculation. The bank withholds the tax at source. The exemption threshold is Rp7,500,000 balance per account per monthly period.
Formula
Gross Interest = Balance × Rate. Tax = Gross × 20%. Net Yield = Net Interest ÷ Balance.- B
- = Savings balance
- r
- = Annual interest rate
- T_interest
- = Tax withheld
How to use the Indonesia Savings Interest Tax Calculator
- 1
Step 1
Enter average savings balance.
- 2
Step 2
Enter annual interest rate.
- 3
Step 3
View gross interest, tax withheld, and net yield.
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Frequently asked questions
What is the tax on deposito (time deposits) in Indonesia?
Time deposit (deposito) interest is taxed at 20% final PPh, same as regular savings. Foreign currency (valas) deposits may have different treatment. Reduced 10% rates apply under tax treaties.
Are government bonds (ORI, SBR) taxed the same way?
Government retail bonds (Obligasi Negara Ritel/ORI and SBR) have a reduced 10% final tax on coupon income, making them more tax-efficient than bank deposits (20%).
Sources
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Calculated with CalcCrack