Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
131,004 원
Income Tax
- 1,625 원
Local Tax
- 163 원
National Pension
- 5,895 원
National Health Insurance
- 5,141 원
Employment Insurance
- 1,179 원
Total tax
- 14,003 원
Net pay
* 117,001 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
117,001 원
Net pay
25,053 원
Tax the employer pays
14,003 원
Tax you pay
Total tax paid
39,056 원
Did you know your employer also pays tax on your salary? It costs the employer 25,053 원 to pay you 131,004 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
131,004 원 yearly is how much per hour?
62.98 원 hourly is how much per year?
Summary
If you make 131,004 원 a year living in South Korea, you will be taxed 14,003 원. That means that your net pay will be 117,001 원 per year, or 9,750 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
131,500 원
132,000 원
132,500 원
133,000 원
133,500 원
134,000 원
134,500 원
135,000 원
135,500 원
136,000 원
136,500 원
137,000 원
137,500 원
138,000 원
138,500 원
139,000 원
139,500 원
140,000 원
140,500 원
141,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 128935
1.6%
1
USA
KRW 119659
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 127893
2.4%
1
Brazil
KRW 121178
7.5%
2
Puerto Rico
KRW 120588
8.0%
3
Colombia
KRW 120524
8.0%
4
Ecuador
KRW 118617
9.5%
5
Guatemala
KRW 118443
9.6%
6
Costa Rica
KRW 117249
10.5%
7
Panama
KRW 116598
11.0%
8
Peru
KRW 114628
12.5%
9
Argentina
KRW 108733
17.0%
10
Chile
KRW 107947
17.6%
11
Uruguay
KRW 107292
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 129694
1.0%
1
Uganda
KRW 124454
5.0%
2
Ghana
KRW 123799
5.5%
3
Zambia
KRW 123144
6.0%
4
Morocco
KRW 122175
6.7%
5
Ivory Coast
KRW 121179
7.5%
6
Angola
KRW 120826
7.8%
7
Senegal
KRW 117681
10.2%
8
Cameroon
KRW 110531
15.6%
9
Nigeria
KRW 109041
16.8%
10
Mozambique
KRW 102157
22.0%
11
Kenya
KRW 85216
35.0%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 131004
0.0%
1
Saudi Arabia
KRW 131004
0.0%
2
United Arab Emirates
KRW 124453
5.0%
3
Qatar
KRW 124452
5.0%
4
Lebanon
KRW 121831
7.0%
5
Bahrain
KRW 120519
8.0%
6
Oman
KRW 120516
8.0%
7
Kuwait
KRW 116612
11.0%
8
Israel
KRW 113779
13.2%
9
Turkey
KRW 110359
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.