Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
112,008 원
Income Tax
- 1,390 원
Local Tax
- 139 원
National Pension
- 5,040 원
National Health Insurance
- 4,395 원
Employment Insurance
- 1,008 원
Total tax
- 11,972 원
Net pay
* 100,036 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
100,036 원
Net pay
21,420 원
Tax the employer pays
11,972 원
Tax you pay
Total tax paid
33,393 원
Did you know your employer also pays tax on your salary? It costs the employer 21,420 원 to pay you 112,008 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
112,008 원 yearly is how much per hour?
53.85 원 hourly is how much per year?
Summary
If you make 112,008 원 a year living in South Korea, you will be taxed 11,972 원. That means that your net pay will be 100,036 원 per year, or 8,336 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 10.68 원, hence, your net pay will only increase by 89.32 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
112,500 원
113,000 원
113,500 원
114,000 원
114,500 원
115,000 원
115,500 원
116,000 원
116,500 원
117,000 원
117,500 원
118,000 원
118,500 원
119,000 원
119,500 원
120,000 원
120,500 원
121,000 원
121,500 원
122,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 110241
1.6%
1
USA
KRW 102301
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 109348
2.4%
1
Brazil
KRW 103609
7.5%
2
Puerto Rico
KRW 103104
8.0%
3
Colombia
KRW 103047
8.0%
4
Ecuador
KRW 101429
9.5%
5
Guatemala
KRW 101269
9.6%
6
Costa Rica
KRW 100247
10.5%
7
Panama
KRW 99686
11.0%
8
Peru
KRW 98006
12.5%
9
Argentina
KRW 92967
17.0%
10
Chile
KRW 92295
17.6%
11
Uruguay
KRW 91735
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 110888
1.0%
1
Uganda
KRW 106408
5.0%
2
Ghana
KRW 105848
5.5%
3
Zambia
KRW 105287
6.0%
4
Angola
KRW 104526
6.7%
5
Morocco
KRW 104459
6.7%
6
Ivory Coast
KRW 103607
7.5%
7
Senegal
KRW 100319
10.4%
8
Cameroon
KRW 94503
15.6%
9
Nigeria
KRW 93230
16.8%
10
Mozambique
KRW 85630
23.6%
11
Kenya
KRW 66220
40.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 112008
0.0%
1
Saudi Arabia
KRW 112008
0.0%
2
United Arab Emirates
KRW 106408
5.0%
3
Qatar
KRW 106408
5.0%
4
Lebanon
KRW 104167
7.0%
5
Bahrain
KRW 103040
8.0%
6
Oman
KRW 103038
8.0%
7
Kuwait
KRW 99665
11.0%
8
Israel
KRW 97281
13.2%
9
Turkey
KRW 94356
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.