Rental Income Tax Calculator

2026 Real Estate Rental Income Tax

Calculate taxes on rental income from houses, shops, and officetels. Compare separate vs comprehensive taxation and check expense deductions.

🏠 What is Rental Income Tax?

Rental income tax is levied on income from property rentals. Housing rental income under 20M KRW annually can choose between separate taxation (14%) or comprehensive taxation. Commercial property rentals are always subject to comprehensive taxation.

📋 Income Tax Calculator

Income Type

Annual Gross Income5000만원

Dependents (incl. self)

Pension Savings0원

Insurance Premium

Medical Expenses

Education Expenses

Donations

Gross Income

5000만원

Taxable Income

3625만원

Total Tax

460만원

Effective: 9.2%

After-tax

4540만원

📊 Tax Breakdown

Tax Payable

Income Tax4,177,500원

Local Tax (10%)417,750원

Total Tax4,595,250원

Tax by Bracket

0M ~ 14M (6%)840,000원

14M ~ 50M (15%)3,337,500원

📈 2024 Income Tax Brackets

Taxable Income	Rate	Deduction
0원 ~ 1400만원	6%	0원
1400만원 ~ 5000만원	15%	1,260,000원
5000만원 ~ 8800만원	24%	5,760,000원
8800만원 ~ 1.5억원	35%	15,440,000원
1.5억원 ~ 3.0억원	38%	19,940,000원
3.0억원 ~ 5.0억원	40%	25,940,000원
5.0억원 ~ 10.0억원	42%	35,940,000원
10.0억원 over	45%	65,940,000원

💰

Income Tax Result

Total Tax 460만원

✨ 9.2% effective rate

Based on 5000만원 annual income

📢 Share with friends

Share this useful information

#IncomeTax #TaxCalculator #Taxes

Note

This calculator is for estimation purposes. Actual tax may vary by individual circumstances. Please consult a tax professional for accurate calculations.

📐 Rental Tax Calculation

Rental Income = Annual Rent Revenue - Expenses

Expenses = Depreciation + Repairs + Property Tax + Insurance + Interest

Separate Tax = (Rent - 4M deduction) × (1-60%) × 14%

Comprehensive = (Rental + Other Income) × Progressive Rate (6-45%)

📝 How to Calculate

Enter annual rental income (monthly rent × 12)
Enter expenses (repairs, property tax, insurance)
Add deemed rent from deposits if applicable
Check if combining with other income is beneficial
Choose between separate vs comprehensive taxation

📊 Estimated Tax (Separate vs Comprehensive)

Annual Rent	Separate (14%)	Comprehensive	Better Option
$10K	$336	~$150	Comprehensive
$15K	$616	~$400	Comprehensive
$20K	$896	~$730	Comprehensive
$25K	N/A	~$1.12K	-
$30K	N/A	~$1.58K	-
$50K	N/A	~$3.8K	-

💡 Rental Tax Strategies

Housing rent under 20M: Separate taxation (14%) often better
Standard expense rate: 42.6% or documented actual expenses
Depreciation: 2.5-5% of building value annually
Loan interest fully deductible
Property taxes fully deductible
Registered landlord gets 30-75% tax reduction

🔗Related Calculators

📈

Compound Interest

Calculate compound growth

💼

Net Worth

Assets minus debts

🍎

Calorie Calculator

Daily calorie needs

🏦

Prepayment Fee

Loan prepayment penalty

📚 Local Method & Assumption Guide

Formula Logic

Core formulas use public finance, loan, ratio, and unit conversion standards.

Source Scope

References follow publicly available standards and country-level common practices.

Assumptions

Taxes, fees, rates, and limits vary by region and institution.

Result Interpretation

Use this result as a baseline scenario. For decisions, compare with your lender quote and local tax treatment.

Locale Preset

Currency: USD

Units: imperial

Tax logic: US payroll estimate

Regulatory Note

This tool uses regional presets for estimation. Contract terms and legal limits may differ by lender, bank, or local law.

Recommended Next Actions

Compare at least 2-3 local providers before final submission.
Re-check fees, tax treatment, and prepayment clauses in writing.
Run a stress scenario with +1-2% interest and lower income.

Before a real financial decision, confirm with local institution rules.

View policy details