Finda Launches Net Salary Calculator
Reflects Annual Salary, Number of Dependents, and Non-taxable Income
Provides Net Income After Tax
Fintech company Finda announced on September 10 that it has launched an annual salary net income calculator for office workers and young professionals entering the workforce.
By simply entering their annual salary, non-taxable income, number of dependents (including themselves), and the number of children under 20, users can calculate both their monthly and annual net income.
The calculator provides data that reflects the National Tax Service’s simplified withholding tax table and the employee contributions to the four major social insurances.
Users can easily check all deduction items at a glance, including National Pension, Health Insurance, Long-term Care Insurance, Employment Insurance, income tax, and local income tax.
After using the service in the Finda application, users can click "Find Loans Based on My Salary" at the bottom of the results page to instantly search for and compare loan products that match their income level.
A Finda representative stated, "We developed this service based on the idea that accurate net income calculation is the starting point for financial planning, especially for young professionals receiving their first paycheck and office workers preparing for a job change," adding, "We will continue to enhance the service so that users can easily and conveniently handle financial calculations in their daily lives and naturally experience related services."
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So far, Finda has provided 14 types of calculation tools, ranging from loan-related calculators such as interest, Debt Service Ratio (DSR), home loan limits, and loan refinancing, to daily life calculators such as Jeonse vs. monthly rent and the Youth Leap Account calculator. The cumulative usage of Finda’s calculators has exceeded 7 million times.
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