(1) When a withholding agent pays monthly wage and salary income, he/she shall withhold income tax according to the simplified tax withholding table for wage and salary income.
(2) Where a withholding agent falls under any of the following subparagraphs, he/she shall withhold income tax pursuant to Article 137, 137-2 or 138 and in cases of subparagraph 1, with regard to wage and salary income of February of the following year, he/she shall withhold income tax pursuant to paragraph (1): <Amended by Act No. 10408, Dec. 27, 2010>
1. When he/she pays wage and salary income from February of the year following the relevant taxable period (where he/she fails to pay wage and salary income from February until the last day of February or there is no wage and salary income in February, the last day of February; hereinafter the same shall apply);
2. When he/she pays wage and salary income from the month when a retiree retires.
(3) When a withholding agent pays wage and salary income to a worker employed on a daily basis, he/she shall withhold income tax by taking a tax credit for wage and salary income against the tax calculated by applying the withholding tax rate to the amount less the wage and salary income deduction from the wage and salary income.
(4) Deleted. <by Act No. 10408, Dec. 27, 2010>
(5) If a monthly salary is paid in installment by the same employer, as a place of work of a person with wage and salary income is changed, the income tax shall be withheld from the total of such monthly salary at the new place of work by applying paragraphs (1) through (3). <Amended by Act No. 10408, Dec. 27, 2010>[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]