Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,404 원
Income Tax
- 17.42 원
Local Tax
- 1.74 원
National Pension
- 63.18 원
National Health Insurance
- 55.09 원
Employment Insurance
- 12.64 원
Total tax
- 150 원
Net pay
* 1,254 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
1,254 원
Net pay
269 원
Tax the employer pays
150 원
Tax you pay
Total tax paid
419 원
Did you know your employer also pays tax on your salary? It costs the employer 269 원 to pay you 1,404 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
1,404 원 yearly is how much per hour?
0.68 원 hourly is how much per year?
Summary
If you make 1,404 원 a year living in South Korea, you will be taxed 150 원. That means that your net pay will be 1,254 원 per year, or 104 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
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
10,500 원
11,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 1381
2.1%
1
USA
KRW 1281
9.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 1400
0.0%
1
Singapore
KRW 1399
0.0%
2
Hong Kong
KRW 1404
0.0%
3
Pakistan
KRW 1404
1,081.1%
4
Thailand
KRW 1334
5.0%
5
Indonesia
KRW 1280
8.8%
6
Taiwan
KRW 1280
8.9%
7
South Korea
KRW 1254
10.7%
8
New Zealand
KRW 1239
11.9%
9
India
KRW 1236
12.0%
10
China
KRW 1218
13.2%
11
Vietnam
KRW 1194
15.0%
12
Japan
KRW 1141
18.7%
13
Kazakhstan
KRW 1112
20.8%
14
Malaysia
KRW 834
40.6%
15
Philippines
KRW 575
59.1%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 1370
2.4%
1
Puerto Rico
KRW 1309
7.0%
2
Brazil
KRW 1299
7.5%
3
Colombia
KRW 1292
8.0%
4
Ecuador
KRW 1267
9.1%
5
Guatemala
KRW 1269
9.6%
6
Costa Rica
KRW 1257
10.5%
7
Panama
KRW 1251
11.0%
8
Peru
KRW 1228
12.5%
9
Argentina
KRW 1165
17.0%
10
Chile
KRW 1157
17.6%
11
Uruguay
KRW 1150
18.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 1404
0.0%
1
Saudi Arabia
KRW 1405
0.0%
2
United Arab Emirates
KRW 1334
4.9%
3
Qatar
KRW 1335
5.0%
4
Lebanon
KRW 1306
7.0%
5
Bahrain
KRW 1307
7.9%
6
Oman
KRW 1280
7.9%
7
Kuwait
KRW 1237
10.0%
8
Israel
KRW 1220
13.1%
9
Turkey
KRW 1183
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.