Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
10,129 원
Income Tax
- 126 원
Local Tax
- 12.57 원
National Pension
- 456 원
National Health Insurance
- 397 원
Employment Insurance
- 91.16 원
Total tax
- 1,083 원
Net pay
* 9,046 원
Marginal tax rate
10.7%
Average tax rate
10.7%
89.3%
Net pay
10.7%
Total tax
Total tax
Net pay
The Taxberg
9,046 원
Net pay
1,937 원
Tax the employer pays
1,083 원
Tax you pay
Total tax paid
3,020 원
Did you know your employer also pays tax on your salary? It costs the employer 1,937 원 to pay you 10,129 원. In other words, every time you spend 10 원 of your hard-earned money, 2.98 원 goes to the government.
Real tax rate
25.0%
So, with you and the employer both paying tax, what used to be a 10.7% tax rate now rises to 25.0%, meaning your real tax rate is actually 14.3% higher than what it seemed at first.
People also ask
10,129 원 yearly is how much per hour?
4.87 원 hourly is how much per year?
Summary
If you make 10,129 원 a year living in South Korea, you will be taxed 1,083 원. That means that your net pay will be 9,046 원 per year, or 754 원 per month. Your average tax rate is 10.7% and your marginal tax rate is 10.7%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 원 in your salary will be taxed 10.69 원, hence, your net pay will only increase by 89.31 원.
Bonus Example
A 1,000 원 bonus will generate an extra 893 원 of net incomes. A 5,000 원 bonus will generate an extra 4,466 원 of net incomes.
Compare average tax
Tax per income
10,500 원
11,000 원
11,500 원
12,000 원
12,500 원
13,000 원
13,500 원
14,000 원
14,500 원
15,000 원
15,500 원
16,000 원
16,500 원
17,000 원
17,500 원
18,000 원
18,500 원
19,000 원
19,500 원
20,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 9962
1.6%
1
USA
KRW 9249
8.6%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 9889
2.4%
1
Brazil
KRW 9368
7.5%
2
Puerto Rico
KRW 9333
7.9%
3
Colombia
KRW 9319
8.0%
4
Ecuador
KRW 9179
9.4%
5
Guatemala
KRW 9157
9.6%
6
Costa Rica
KRW 9065
10.5%
7
Panama
KRW 9011
11.0%
8
Peru
KRW 8863
12.5%
9
Argentina
KRW 8407
17.0%
10
Chile
KRW 8346
17.6%
11
Uruguay
KRW 8296
18.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 10129
0.0%
1
Saudi Arabia
KRW 10129
0.0%
2
United Arab Emirates
KRW 9624
5.0%
3
Qatar
KRW 9624
5.0%
4
Lebanon
KRW 9420
7.0%
5
Oman
KRW 9324
7.9%
6
Bahrain
KRW 9337
8.1%
7
Kuwait
KRW 9023
10.9%
8
Israel
KRW 8797
13.2%
9
Turkey
KRW 8533
15.8%
10
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NOTE* Withholding is calculated based on the tables of South Korea, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.