If you have deduction items other than the default withholding tax, four major insurances, and student loan repayment provided in payroll, please configure them here.
[Deduction Item Management] + [Payroll Settlement] + [View Employee Salary Information] permissions must all be granted together.
Basic Deduction Items
Go to [Settings] -> [Deduction Items] -> [Add Item] to add deduction items.
You can add deduction items through Add Item.
View Deduction Item Settings Details
View Deduction Item Settings Details
Name: The item name displayed on payroll settlement, payroll ledger, pay stubs, etc.
Deduction Type
You can set other deductions or year-end settlement insurance deduction types.
Since amounts are aggregated by type in payroll settlement and mid-year settlement, please set this accurately.
Deduction Cycle
Undetermined: Use when deductions are frequent and irregular; manual entry required during payroll settlement
Monthly: Use when deductions are needed every month
Selected months: Use when deductions are needed only in specific months' payroll settlement
Target
All settlement targets: Use when deducting from all targets.
Filter from settlement targets: Use when deducting from targets meeting specific conditions.
Select from settlement targets: Directly select specific employees.
Select during settlement: Excel upload is required at the time of settlement
Deduction Amount: You can pre-set the deduction amount as enter during settlement, fixed amount, or different per target.
Enter during settlement: Use when deducting different amounts per target
Fixed amount: Use when all targets have the same deduction amount.
(Not available when target setting is Select during settlement.)Different per target: Use when amounts differ per target but are fixed.
You can use the Excel template to apply different amounts for multiple employees.
(Not available when target setting is Select during settlement.)
Memo: A description of the item, visible only to administrators.
Withholding Tax (Income Tax Application)
Default deduction items for withholding tax, four major insurances, and student loan repayment can be configured in [Payroll] -> [Settlement Template List] -> [Select Template] -> [Deduction Items].
Withholding tax reflects automatically calculated amounts based on taxation. You can configure detailed settings for automatic calculation.
Deduction during resignation month settlement: You can configure withholding tax settings for resigned employees' payroll settlement.
Bonus income tax calculation method: The default calculation method based on the simplified tax table is provided, but you can configure detailed income tax calculation settings when there is a [Bonus] type in [Earned Income Type] among payment items.
Apply SME employee income tax reduction during settlement: When [Apply] is selected, the income tax reduction is applied during monthly payroll settlement as before. When [Do Not Apply] is selected, the income tax reduction is not applied in monthly payroll settlement, so it can only be applied once annually during year-end settlement.
It will display Withholding Tax - Income Tax Reduction - Reduction Amount [Not Applied], and the reduction amount will show 0 won.
Employee student loan repayment information can be entered in Employee Profile -> Special Notes.
For details, please refer to the Entering Employee Information for Payroll Settlement guide.
National Pension, Health Insurance, Employment Insurance Settings
Click [National Pension], [Health Insurance], [Employment Insurance] respectively to configure calculation criteria.
Standard monthly income: When using standard income and remuneration monthly amount, social insurance qualification management registration is required.
Please check the Social Insurance Qualification Management Guide.Monthly corporation-notified amount entry: This reflects the actual amount notified by the corporation monthly, and can be used via EDI file upload or by matching the flex template.
Insurance rate: Reflects the automatically calculated amount using taxable amount * insurance rate.
For employment insurance, executives, officers, and foreigners do not have insurance automatically applied even if there is taxable income, for convenience.
