Enter your gross annual salary, the income tax already withheld, your dependents, and any deductions you qualify for to estimate your expected year-end tax settlement refund or additional payment.
Enter the details above to estimate your refund.
This is a simplified estimate only. It applies the earned income deduction, basic personal deduction (₩1.5M per dependent), and the standard tax brackets/credits used to build Korea's simplified withholding tax table, plus commonly used deductions: 4 major insurance premiums (fully deductible as entered), card usage (a single approximate 15% rate applied above 25% of salary, capped at ₩3M — it does not distinguish credit/debit/cash-receipt rates), pension account contributions (15%/12% credit up to ₩9M), insurance premiums (12% credit up to ₩1M), medical expenses (15% credit on amounts over 3% of salary), and donations (15%/30% credit). It does not include child tax credits, housing fund deductions, rent tax credits, or many other case-specific items, and local income tax already withheld is assumed to be 10% of the income tax withheld. Actual year-end settlement results depend on your specific circumstances — treat this as a reference figure, not tax advice. Confirm your exact refund via Hometax or your employer's payroll department.