Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
138 원
Income Tax
- 1.71 원
Local Tax
- 0.17 원
National Pension
- 6.21 원
National Health Insurance
- 5.42 원
Employment Insurance
- 1.24 원
Total tax
- 14.75 원
Net pay
* 123 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
123 원
Net pay
26.39 원
Tax the employer pays
14.75 원
Tax you pay
Total tax paid
41.14 원
Did you know your employer also pays tax on your salary? It costs the employer 26.39 원 to pay you 138 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
138 원 yearly is how much per hour?
0.07 원 hourly is how much per year?
Summary
If you make 138 원 a year living in South Korea, you will be taxed 14.75 원. That means that your net pay will be 123 원 per year, or 10.27 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
500 원
1,000 원
1,500 원
2,000 원
2,500 원
3,000 원
3,500 원
4,000 원
4,500 원
5,000 원
5,500 원
6,000 원
6,500 원
7,000 원
7,500 원
8,000 원
8,500 원
9,000 원
9,500 원
10,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 131
0.0%
1
USA
KRW 127
10.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 138
0.0%
1
Singapore
KRW 137
0.0%
2
Hong Kong
KRW 138
0.0%
3
Indonesia
KRW 126
8.8%
4
New Zealand
KRW 126
11.8%
5
India
KRW 121
12.0%
6
China
KRW 121
12.7%
7
Vietnam
KRW 117
15.0%
8
Japan
KRW 112
18.7%
9
Pakistan
KRW 138
2,399.5%
10
Thailand
KRW 131
5.0%
11
Taiwan
KRW 126
8.8%
12
South Korea
KRW 123
10.7%
13
Kazakhstan
KRW 109
20.8%
14
Philippines
KRW 56
59.1%
15
Malaysia
KRW 54
60.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 135
2.5%
1
Brazil
KRW 127
7.1%
2
Colombia
KRW 127
8.0%
3
Guatemala
KRW 125
9.2%
4
Panama
KRW 127
10.0%
5
Ecuador
KRW 127
10.0%
6
Puerto Rico
KRW 127
10.0%
7
Costa Rica
KRW 124
10.5%
8
Peru
KRW 119
13.5%
9
Argentina
KRW 115
17.0%
10
Chile
KRW 114
17.6%
11
Uruguay
KRW 113
18.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 138
0.0%
1
Saudi Arabia
KRW 139
0.0%
2
Kuwait
KRW 137
0.0%
3
Bahrain
KRW 112
0.0%
4
Oman
KRW 110
0.0%
5
United Arab Emirates
KRW 130
5.6%
6
Qatar
KRW 131
5.6%
7
Lebanon
KRW 128
7.0%
8
Israel
KRW 120
13.5%
9
Turkey
KRW 116
15.7%
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.