:: NATIONAL TAX SERVICE ::

Automatic Calculation Service for Year-end Tax Settlement

This service is an automatic income tax calculation for 2012.

The income tax calculated below may be different from the actual tax withheld by your employer.

If you are in any doubt about this calculation of income tax, go to Help Desk (Q&A).

A non-resident is not entitled to basic deduction (except for oneself), additional deduction (except for oneself), other deduction and credit (except for Tax credit for wage & salary income), etc..

A foreigner may choose either Global taxation with progressive tax rate or Separate taxation of wage & salary income (including non-taxable wage & salary income) by multiplying such income by 15%, which is preferential to him/her. In selecting Separate taxation (the latter), provisions concerning such exemption, deduction, reduction and tax credit shall not be applicable (15% Flat Tax Rate Method).

Details of income from employments

Item	Answer(or Amount)	Description
Total Income from Employments	\	Amount received as payment for labor performed in Korea including non-taxable income from employments

A foreign employee may choose either 15% Flat Tax Rate Method or Progressive Tax Rate Method

15% Flat Tax Rate Method	Progressive Tax Rate Method

Progressive Tax Rate Method

Item

Answer(or Amount)

Description

Total Income from Employments

Amount received as payment for labor performed in Korea including non-taxable income from employments

Non-taxable income from employments

Non-taxable income amount from employments

Please refer to the Article 12 (3) of the Income Tax Act regarding non-taxable income

Gross Wage & Salary Income

Amount received as payment for labor performed in Korea excluding non-taxable income from employments

Deduction for Wage & Salary Income

Equivalent to necessary expense (Automatically calculated)

Gross Wage & Salary Income	Deductible Amount
Up to \5,000,000	80% of the Gross Wage & Salary Income
Over \5,000,000 Up to \15,000,000	\4,000,000+50% of the amount exceeding \5,000,000
Over \15,000,000 Up to \30,000,000	\9,000,000+15% of the amount exceeding \15,000,000
Over \30,000,000 Up to \45,000,000	\11,250,000+10% of the amount exceeding \30,000,000
Over \45,000,000	\12,750,000+5% of the amount exceeding \45,000,000

Adjusted Wage & Salary Income

Gross Wage & Salary Income - Deduction for Wage & Salary Income (Automatically calculated)

Determined tax amount of the previous workplace

If you have received wage & salary income from the previous workplace during the attributable tax period, enter the determined tax amount written in the Receipt for Wage&Salary Income Taxes Withholding from your previous workplace.

Tax Pre-paid

Monthly withholding tax (other than the local income tax)

* Gross wage&salary income amount is used when calculating income deduction for medical expenses and credit card
usage, etc.
* Calculation of income deduction for wage and salary income is not on a monthly basis. It is based on the total amount of
wage & salary income for the relevant year.

Basic Deduction

Item		Answer or amount	Description
Taxpayer		원	Basic Deduction for taxpayer Deduction amount is \1,500,000 per annum
Spouse Deduction		yes no	Spouse with annual income of not more than ￦1,000,000 for the tax year
Dependent Deduction			Enter number of dependents Qualified dependents with annual income of not more than ￦1,000,000 for the tax year. Deduction amount is \1,500,000 per capita for each Dependent Deduction item below.
Dependent Deduction(item)	Lineal ascendants		- Lineal ascendants aged 60 or over (born on or before Dec. 31, 1952)
	Lineal descendants	Children/adopted	- Lineal descendants age 20 or under (born on or after Jan. 1, 1992) - Adopted children aged 20 or under. ※ In case that both the linear descendant/adopted and his/her spouse are diabled, his/her spouse is treated as a lineal descendant.
	Lineal descendants	Others
	Brothers & Sisters		- Brothers or sisters aged 20 or under or aged 60 or over ※ Spouse of siblings are not eligible for deduction
	Recipient		- Recipient of assistances under Article 2(2) of the National Basic Living Security Act
	Foster children		- Children under foster care for the relevant taxable period of 6 months or more

※ Spouse and Dependents who earn more than \1,000,000 are not subject to the Basic Deduction.

Enter Partially

Enter Totally

Additional Deduction

Check to enter item

Item	Answer(or Amount)	Description
The aged	age 70 or over		Number of dependents whose age is 70 or over (born on or before Dec. 31, 1942) Deduction amount is ￦1,000,000 per capita a year
Disabled person			Additional deduction of \ 2,000,000 per a disabled person qualified for basic deduction < Definition of the disabled > ① A disabled person specified according to the Welfare of Disabled Persons Act ② A wounded and disabled person with no labour capacity specified according to the Act on the Honorable Treatment and Support of Persons, etc. of Distinguished Services to the State ③ A patient with a serious disease who needs constant care, other than ① and ② ※ In this case, a certificate/proof of his/her disability certified by a medical institution is necessary.
Qualified Female Taxpayer	yes no	Deduction of \ 500,000 in case of ① or ② - ① A female head of household who has no spouse but with dependent family members - ② A female worker with spouse ( Regardless of her spouse' income)
Child 6 years old or under			The child should be at the age of 6 or under, (born on or after Jan.1, 2006) Deduction amount is ￦1,000,000 per capita a year
New Born Newly Adopted			￦2,000,000 per capita for new born or newly adopted child for the tax year

Item	Answer(or Amount)	Description
Households with Multiple Children	Deduction amount	\	If the number of children and the adopted subject to basic deduction is 2 or more, (Automatically calculated) - Two : \1,000,000 - Exceeding two : \1,000,000 + \2,000,000 per child after first two children ex) A Taxpayer who has 3 children : Deduction amount is \3,000,000.

Pension Contribution Deduction

Check to enter Item

Item	Answer(or Amount)	Description
National Pension Contribution	KRW	100% deduction for pension insurance contribution paid under National Pension Law ※ Excluding user's contribution
Pension Contribution	Government employees pension	KRW	100% deduction for wage & salary income earners' contribution according to Public Officials Pension Act
Military pension	KRW	100% deduction for wage & salary income earners' contribution according to Military Pension Act
Private school personnel pension	KRW	100% deduction for wage & salary income earners' contribution according to Pension for Private School Teachers and Staff Act
Speical post office pension	KRW	100% deduction for wage & salary income earners' contribution according to Special Post Offices Act
Retirement Pension Deduction	Scientific technician	KRW	Payments made by the employee under Scientists and Engineers Mutual-aid Association Act	* Limit is ￦ 4,000,000 including deduction on pension saving under Article 86-2 of the RSTA
Guarantee of Workers' Retirement Benefits	KRW	Payments made by the employee under Guarantee of Workers' Retirement Benefits Act

Special Deduction(Insurance)

Check to enter Item

Item	Answer(or Amount)	Description
National Health Insurance Premium	Amount paid	KRW	Premium deducted from monthly wage & salary income (under the National Health Insurance Act) and long-term senior nursing insurance premium(medical insurance premium borne by employee under the Long-term Senior Nursing Insurance Law) ※ No limit to the amount
Employment Insurance Premium	Amount paid	KRW	Premium deducted from monthly wage & salary under Employment Insurance Act ※ No limit to the amount
Other Security Insurance	Amount paid	KRW	Security insurance for taxpayer him/herself and dependents ※ Up to \ 1,000,000 per annum
Security Insurance for the disabled only	Amount paid	KRW	Insurance premium of security insurance for the disabled only of which insurant or beneficiary is with disability, provided that the wage & salary income earner pays the premium for the disabled among his/her family members ※ Up to \ 1,000,000 per annum

Special Deduction(Medical Expenses)

Check to enter Item

Item	Answer(or Amount)	Description
①Taxpayer him/herself,	Amount paid	KRW	Medical expenses paid by taxpayer for him/herself, those aged 65 or over(born on or before Dec.31,1947), or the disabled ※ No limit to the amount ※ Excluding such medical expenses as cosmetic/plastic surgery and health promoting medicine
②Age 65 or over	Amount paid	KRW
③The disabled	Amount paid	KRW
④Other medical expenses	Amount paid	KRW	Medical expenses paid by taxpayer for the dependents eligible for basic deduction other than taxpayer him/herself, the aged and the disabled. ※ Relevant period: 2010.1.1 ~ 2010.12.31 ※ Excluding such medical expenses as cosmetic/plastic surgery and health promoting medicine
Total	Automatically calculated	KRW	Automatically calculated

Special Deduction(Education Expenses)

Check to enter Item

입력할 항목	선택 또는 입력	항목별 요약설명 및 공제요건
주택임차차입금	원리금 상환액	원	○ 요건 과세기간 종료일 현재 주택을 소유하지 아니한 세대의 세대주 로서 근로소득자가 국민주택규모의 주택을 임차하기 위해 지출한 다음의 주택임차차입금 - 대출기관으로부터 차입한 자금 ㆍ임대차계약증서의 입주일과 주민등록표 등본의 전입일 중 빠른 날로부터 전후 3개월 이내에 차입한자금일 것 ㆍ차입금이 대출기관에서 임대인의 계좌로 직접 입금될 것 - 대부업 등을 경영하지 아니한 거주자로부터 차입한 자금(해당 과세기간의 총급여액이 3천만원 이하인 근로소득자로서 배우자나 부양가족이 있는 경우에 한함) ㆍ임대차계약증서의 입주일과 주민등록표 등본의 전입일 중 빠른 날로부터 전후 1개월 이내에 차입한자금일 것 ㆍ연간 1,000분의 43보다 낮은 이자율로 차입한 자금이 아닐 것 ○ 공제금액 : 원리금상환액 × 40% ○ 공제한도 : 연 300만원(월세액 소득공제, 주택마련저축 납입액 공제와 합하여 연 300만원을 초과할 수 없음)
월세액	지출액	원	○ 요건 과세기간 종료일 현재 주택을 소유하지 아니한 세대의 세대주 로서 근로소득자(해당 과세기간의 총급여액이 3천만원 이하인 사람으로서 배우자나 부양가족이 있는 경우에 한함)가 국민주택규모의 주택을 임차하기 위해 지출한 월세액으로 다음의 요건을 갖추어야 함 - 월세액 외에 보증금 등을 지급하는 경우에는 임대차계약 증서에 「주택임대차보호법」에 따른 확정일자를 받을 것 - 임대차계약증서의 주소지와 주민등록표 등본의 주소지가 같을 것 ○ 공제금액 : 원리금상환액 × 40% ○ 공제한도 : 연 300만원(주택임차입금 원리금상환액공제, 주택마련저축 납입액 공제와 합하여 연 300만원을 초과할 수 없음)
장기주택저당차입금	구 분	공제내용	주택자금 공제한도
이자상환액 (600만원한도)	원	’03.12.31 이전 차입분으로 상환기간 10년 이상 15년 미만인 경우에 이자상환액을 입력하며 이 경우 공제한도는 연 600만원을 적용함	(주택마련저축 납입액 공제 + 주택임차차입금원리금상환액공제 +월세액 소득공제+ 장기주택저당차입금이자상환액공제)금액이 해당 장기주택이자상환액 공제를 초과하는 경우 그 초과하는 금액은 없는 것으로 함
이자상환액 (1,000만원한도)	원	다음에 해당하는 경우 공제한도는 연 1,000만원을 적용함 - 상환기간 15년 이상 30년 미만인 경우 - 조세특례제한법 제98조의 3에 따른 양도소득세 과세특례대상을 2009년 2월 12일부터 2010년 2월 11일까지의 기간 중에 최초로 취득하는 경우 상환기간 5년 이상
이자상환액 (1,500만원한도)	원	상환기간 30년 이상이자상환액을 입력하며 이 경우 공제한도는 연 1,500만원을 적용함

Special Deduction (Charitable Donations)

Check to enter Item

Item	Answer(or Amount)	Description
Political Fund Donations	Amount	KRW	Donations to political party, etc. as prescribed by Article 76 of the Restriction of Special Taxation Act - Amount less than 100,000 : 100% deduction - Amount over \100,000: Deduction up to \100,000. If the amount exceeds \100,000, the amount exceeding \100,000 is deducted as statutory donation. ※ Limit : Up to Adjusted Wage & Salary income ※ Please enter actual amount paid
Statutory Donations	Carried Over	KRW	Donations to government relief funds relative to disasters, earthquakes, floods, etc., Donations to the Korean government or local autonomous government bodies Donation for national defense purposes Consideration for the voluntary support rendered in special disaster areas etc. ※ Limit : Adjusted Wage & Salary income - Political Fund Donations ※ Period of carry-over deduction if the amount exceed the limit : 3 year
Amount	KRW
Special donation (50%) (Excluding non-profit public trust)	Carried Over	KRW	Donation made to the Independence Hall, specific research institutes, Educational Programming Broadcaster in Korea, etc. ※ Limit : (Adjusted Wage & Salary income - Political Fund Donations - Statutory Donations) × 50% ※ Period of carry-over deduction if the amount exceed the limit : 2 years ※ Applicable to donations paid on or before June 30, 2011.
Amount	KRW
Special donation to non-profit public trust	Carried Over	KRW	※ Limit : (Adjusted Wage&Salary income - Political Fund Donations - Statutory Donations) × 50% ※ Period of carry-over deduction if the amount exceed the limit : 3 years ※ Applicable to donations paid on or before June 30, 2011.
Amount	KRW
Donations(30%)	Amount	KRW	Donation to the Employee stock Ownership Association ※ Limit: (Adjusted Wage& Salary income - Political Fund Donations - Statutory Donations -50% Donations ) × 30% ※ Applicable to the person who is not the member of the Employee Stock Ownership Association.
Donations to organizations other than religious org.	Carried Over	KRW	◎ Limit If the taxpayer did not make donations to religious organizations ; (Adjusted Wage & Salary income-Political Fund Donations-Statutory Donations-50% Donations-30% Donations) × 30% If the taxpayer made donations to religious organizations ; , (Wage and salary income subject to donation deduction×10%) + Min[Wage and salary income subject to donation deduction × 20%, donations to organization other than religious organizations] ※ Wage and salary income subject to donation deduction : Adjusted Wage & Salary income-Political Fund Donations-Statutory Donations-50% Donations-30% Donations ※ Period of carry-over deduction if the amount exceed the limit : 5 years
Amount	KRW
Donations to religious org.	Carried Over	KRW
Amount	KRW

Other Deduction(Pension Saving)

Check to enter Item

Item	Answer(or Amount)	Description
Personal Pension Plan Deduction	Amount paid	KRW	Personal Pension Plan signed on or before Dec. 31, 2000 * Deductible amount : 40% of deposit (Limit is ￦720,000 per annum)
Deduction for Pension savings	Amount paid	KRW	Total deposit amount of pension savings signed on or after Jan.1, 2001 * Deductible amount : 100% of deposit (Limit is \4,000,000 in combination with deductions for retirement pension)

Item	Answer(or Amount)	Description
청약저축	납입액	원	주택법에 따른 청약저축에 납입한 금액(월 납입액 10만원 이하에 한함)
장기주택마련저축	납입액	원	2009.12.31.까지 조세특례제한법 제87조 제1항에 따른 장기주택마련저축에 가입한 경우로서 해당 과세연도의 총급여액이 8천8백만원 이하인 근로소득자에 한해 공제 가능
주택청약종합저축	납입액	원	저축가입자가 금융회사 등에 무주택확인서를 제출한 과세연도 이후에 납입한 금액만 해당됨(월 납입액 10만원 이하에 한함)

Other Deduction(Credit Card Usage)

Check to enter Item

Item	Answer(or Amount)	Description
①Credit Card (excluding the usage in traditional markets)	Amount	KRW	Amount of payment through Credit Card
②Tuition fee payment Through Giro Transfer	Amount	KRW	Amount of GIRO payments made to private educational facilities as prescribed the Law on Private Lessons and Establishment And Operation of Private Educational Facilities
③Cash Receipt (excluding the usage in traditional markets)	Amount	KRW	Total amount of issued cash receipts
④Debit Card (excluding the usage in traditional markets)	Amount	KRW	Amount of payment through Debit cards or registered prepaid cards, etc.
⑤Amount spent in traditional markets	Amount	KRW	Amount spent on credit cards, debit cards, prepaid cards or cash receipts in traditional markets

Other Deduction(miscellaneous)

Check to enter Item

Item	Answer(or Amount)	Description
Deduction for Small-sized Company and Self-employed Mutual aid association	Amount paid	KRW	Amount of contribution a wage and salary worker pays for the tax year for the Small-sized Company and Self-employed Mutual aid association ※ 100% of amount paid (Up to \ 3,000,000 per annum)
Investment Association	Investment amount (10% of the amount)	KRW	If a resident makes an investment in an investment association of S/M enterprises establishment by December 31, 2012, 10%(in case that an individual makes a contribution or investment in a venture company directly or through an investment association, 20% would be applied) of the investment amount can be deducted from the global income amount in a tax year which the resident selects. The selected period is from a tax year in which the investment was made to a tax year in which 2 years elapsed from the tax year in which the investment was made. ※ Limit : Up to 40% (30% for the contribution and investment made before Jan. 1, 2012) of Adjusted Wage&Salary income ※ Special Tax for Rural Development will be levied on deducted investment amount
Investment amount (20% of the amount)	KRW
Contribution Deduction for Employee's Stock Ownership Association	Investment amount	KRW	Contribution to Employee Stock Ownership Association to acquire stocks of the company which employs the members of the Employee Stock Ownership Association ※ Min[Investment amount for the relevant tax year and ￦4,000,000]
Long-term Stock-invested Savings Deduction	① Paid-in value for the first year	KRW	For a wage & salary income earner who joined a long-term stock-invested saving under his/her name and has made payments by December 31, 2009, applicable deduction rates are as follows. - 1st year：20% of payment - 2nd year：10% of payment - 3rd year：5% of payment
② Paid-in value for the second year	KRW
③ Paid-in value for the third year	KRW
Total	KRW
Deduction for workers in SME's which maintain the same employment level	Reduced amount of wage/salary	KRW	50% deduction of reduced amount of wage/salary (up to 10 million KRW) for workers in SME's which maintain the same employment level with reduced payment of wage/salary under agreement between the CEO and workers when the enterprises are in financial difficulties. ※ Applicable on or before Dec. 31, 2012

Tax Credit and Exemption

Check to enter Item

This automatic calculation is based on "Easy Guide for Foreigners' Year-end Tax Settlement". Automatic calculation for non-residents is not available.

If the amount of income and deductions are not accurately entered in each of the boxes above, this program will produce incorrect results.

Automatic Calculation Service for Year-end Tax Settlement

Income Tax Return Guide

Text Size