Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
142,512 원
Income Tax
- 1,768 원
Local Tax
- 177 원
National Pension
- 6,413 원
National Health Insurance
- 5,592 원
Employment Insurance
- 1,283 원
Total tax
- 15,233 원
Net pay
* 127,279 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
127,279 원
Net pay
27,254 원
Tax the employer pays
15,233 원
Tax you pay
Total tax paid
42,487 원
Did you know your employer also pays tax on your salary? It costs the employer 27,254 원 to pay you 142,512 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
142,512 원 yearly is how much per hour?
68.52 원 hourly is how much per year?
Summary
If you make 142,512 원 a year living in South Korea, you will be taxed 15,233 원. That means that your net pay will be 127,279 원 per year, or 10,607 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
142,500 원
143,000 원
143,500 원
144,000 원
144,500 원
145,000 원
145,500 원
146,000 원
146,500 원
147,000 원
147,500 원
148,000 원
148,500 원
149,000 원
149,500 원
150,000 원
150,500 원
151,000 원
151,500 원
152,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 140259
1.6%
1
USA
KRW 130175
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 142513
0.0%
1
Singapore
KRW 142507
0.0%
2
Hong Kong
KRW 142512
0.0%
3
Thailand
KRW 135386
5.0%
4
Indonesia
KRW 129971
8.8%
5
Taiwan
KRW 129898
8.9%
6
Pakistan
KRW 127333
10.7%
7
South Korea
KRW 127279
10.7%
8
New Zealand
KRW 125563
11.9%
9
India
KRW 125413
12.0%
10
China
KRW 123722
13.2%
11
Vietnam
KRW 121171
15.0%
12
Malaysia
KRW 119255
16.3%
13
Japan
KRW 115803
18.7%
14
Kazakhstan
KRW 112869
20.8%
15
Philippines
KRW 90888
36.2%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 139127
2.4%
1
Brazil
KRW 131823
7.5%
2
Puerto Rico
KRW 131188
8.0%
3
Colombia
KRW 131111
8.0%
4
Ecuador
KRW 129049
9.5%
5
Guatemala
KRW 128847
9.6%
6
Costa Rica
KRW 127548
10.5%
7
Panama
KRW 126832
11.0%
8
Peru
KRW 124697
12.5%
9
Argentina
KRW 118285
17.0%
10
Chile
KRW 117430
17.6%
11
Uruguay
KRW 116717
18.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 142512
0.0%
1
Saudi Arabia
KRW 142512
0.0%
2
United Arab Emirates
KRW 135387
5.0%
3
Qatar
KRW 135388
5.0%
4
Lebanon
KRW 132382
7.1%
5
Bahrain
KRW 131125
8.0%
6
Oman
KRW 131119
8.0%
7
Kuwait
KRW 126826
11.0%
8
Israel
KRW 123773
13.2%
9
Turkey
KRW 120054
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.