🧾 Korea Year-End Tax Refund Calculator
Quickly estimate your Korean year-end tax settlement refund (the so-called '13th-month salary') with the main deductions.
KRW
₩50MKRW
Sum of income tax on your payslips, excluding local income taxKRW
Leave blank to estimate from your salaryDeductions & tax credits
KRW
₩15MKRW
₩5MKRW
Up to ₩9M counts toward the creditKRW
KRW
KRW
Estimated additional tax due (incl. local tax)
₩2,615,191
Card spending deduction₩1,875,000
Tax base₩29,516,308
Calculated tax₩3,167,446
Total tax credits-₩790,000
Final tax₩2,377,446
Tax already withheld₩0
Additional tax (income tax)₩2,377,446
This simplified estimate excludes housing funds, monthly rent, donations and extra card deductions for traditional markets/public transport. Check the exact amount with the NTS Hometax year-end settlement preview.
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Common ways to increase your refund
- Pension savings / IRP: 12–15% tax credit on up to ₩9M a year (15% if total salary is ₩55M or less)
- Card spending: only spending above 25% of your salary counts; debit cards and cash receipts (30%) beat credit cards (15%)
- Medical expenses: 15% tax credit on the amount above 3% of your salary