Rule 1
Applies salary-bracket employment deduction first.
Year-End Tax Settlement Estimator
Year-End Tax Settlement
Enter key deduction items to estimate your expected tax refund or additional payment.
Additional Tax Due
-₩1,408,854
Deduction Breakdown
Calculated Income Tax₩4,177,500
Personal Deduction-₩1,500,000
Insurance Tax Credit (12%)-₩144,000
Credit Card Income Deduction-₩129,646
Pension Savings Tax Credit-₩495,000
Medical Expense Tax Credit-₩0
Final Tax Due₩3,408,854
Already Withheld₩2,000,000
* This is a simplified estimate. Actual results may vary. Use NTS Hometax for accurate calculations.
Year-end tax settlement is country-specific
This page estimates year-end tax settlement under Korea rules. Because brackets, deductions, and social contributions are country-specific and can change yearly, use the result as a planning estimate before filing.
Core calculation rules
Rule 2
Reflects KRW 1.5M personal deduction per eligible person.
Rule 3
Simplifies key credits such as insurance, pension savings, and medical expenses.
How to use
- Enter the required amounts and conditions.
- Review the tax, deduction, and contribution lines separately.
- Compare with current official rules before filing, paying, or making a decision.
Frequently asked questions
Which country does this calculator use?
It uses Korea rules. Do not apply it directly to another country’s tax, deduction, or social insurance system.
Why can the final amount differ?
Employer data, NTS records, deduction caps, and eligibility rules can change the result.
Do the rules change every year?
Yes. Tax rates, deduction limits, and social contribution rates can change each year. Confirm the current-year rules before filing or paying.
This is a general estimate. Confirm the final amount with the tax authority or a tax professional.