The tax your employer withholds each month is only an estimate based on the National Tax Service's simplified withholding table — it does not yet reflect your actual full-year deductions and credits. If the total withheld for the year exceeds your final tax, you get the difference back; if it falls short, you pay more.
You can see whether you're getting a refund (and how much) on your February payslip or your "Wage & Salary Income Tax Withholding Receipt," which lists gross pay, deductions, taxable base, computed tax, tax credits, final tax, tax already withheld, and the resulting amount due or refunded, in that order.
What to check on your withholding receipt
When and how you actually get the refund
It is usually paid together with your February wages through your employer. If your employer has not finished settlement or additional filing is needed, you can claim the refund separately through the May comprehensive income tax return.
Frequently Asked Questions
Related Topics
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