Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
12,876 원
Income Tax
- 160 원
Local Tax
- 15.97 원
National Pension
- 579 원
National Health Insurance
- 505 원
Employment Insurance
- 116 원
Total tax
- 1,376 원
Net pay
* 11,500 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
11,500 원
Net pay
2,462 원
Tax the employer pays
1,376 원
Tax you pay
Total tax paid
3,839 원
Did you know your employer also pays tax on your salary? It costs the employer 2,462 원 to pay you 12,876 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
12,876 원 yearly is how much per hour?
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Summary
If you make 12,876 원 a year living in South Korea, you will be taxed 1,376 원. That means that your net pay will be 11,500 원 per year, or 958 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.
Tax per income
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
20,500 원
21,000 원
21,500 원
22,000 원
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 12870
0.0%
1
Germany
KRW 12879
0.0%
2
Austria
KRW 12879
0.0%
3
Ireland
KRW 12879
0.0%
4
Sweden
KRW 12876
0.0%
5
Norway
KRW 12877
0.0%
6
Spain
KRW 12056
6.3%
7
Italy
KRW 11697
9.2%
8
France
KRW 11638
9.6%
9
Czech Republic
KRW 11460
11.0%
10
Luxembourg
KRW 11458
11.0%
11
Russia
KRW 11202
13.0%
12
Hungary
KRW 10494
18.5%
13
Ukraine
KRW 10365
19.5%
14
Poland
KRW 10112
21.5%
15
Greece
KRW 10067
21.8%
16
Portugal
KRW 9588
25.6%
17
Finland
KRW 8915
30.8%
18
Belgium
KRW 8751
32.0%
19
Netherlands
KRW 8078
37.2%
20
Romania
KRW 7524
41.6%
21
Denmark
KRW 0
100.0%
22
Switzerland
KRW 12871
302.0%
23
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Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 12877
0.0%
1
Singapore
KRW 12875
0.0%
2
Hong Kong
KRW 12875
0.0%
3
Malaysia
KRW 12304
4.4%
4
Thailand
KRW 12232
5.0%
5
Indonesia
KRW 11743
8.8%
6
Taiwan
KRW 11736
8.9%
7
South Korea
KRW 11500
10.7%
8
New Zealand
KRW 11343
11.9%
9
India
KRW 11336
12.0%
10
China
KRW 11178
13.2%
11
Vietnam
KRW 10948
15.0%
12
Japan
KRW 10463
18.7%
13
Kazakhstan
KRW 10198
20.8%
14
Philippines
KRW 5272
59.1%
15
Pakistan
KRW 12876
117.9%
16
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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.