How it works
Balance = paid tax − final estimated liability. Positive is a refund; negative is an amount owing.
Input definitions
- Tax withheld and instalments paid
- Enter the value in the labeled unit.
- Final estimated tax liability
- Enter the value in the labeled unit.
A worked example
- Tax withheld and instalments paid
- 7000
- Final estimated tax liability
- 6000
Assumptions & limits
Planning arithmetic using your supplied amounts, rates and policy. Use one currency for all money inputs; results use 2 decimal places. No statutory entitlement, automatic tax rule, live exchange rate or provider quote is inferred.
Sources & review
Maintained by AnsRio. Methods and examples use automated checks; this does not imply independent professional certification.
Method updated 2026-10-17. Content checked against the stated method and examples. Our verification approach.
Common questions
Does a tax estimate include every credit, relief and payroll deduction?
Only items explicitly listed in the supported scope are included. Check the stated tax year, country, income definition and exclusions before comparing with an official return or payslip.
How does the Tax refund or balance owing tool work?
Balance = paid tax − final estimated liability. Positive is a refund; negative is an amount owing.
What are the assumptions and limits of Tax refund or balance owing?
Planning arithmetic using your supplied amounts, rates and policy. Use one currency for all money inputs; results use 2 decimal places. No statutory entitlement, automatic tax rule, live exchange rate or provider quote is inferred.