Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
151,476 원
Income Tax
- 1,879 원
Local Tax
- 188 원
National Pension
- 6,816 원
National Health Insurance
- 5,944 원
Employment Insurance
- 1,363 원
Total tax
- 16,191 원
Net pay
* 135,285 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
135,285 원
Net pay
28,968 원
Tax the employer pays
16,191 원
Tax you pay
Total tax paid
45,159 원
Did you know your employer also pays tax on your salary? It costs the employer 28,968 원 to pay you 151,476 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.
Summary
If you make 151,476 원 a year living in South Korea, you will be taxed 16,191 원. That means that your net pay will be 135,285 원 per year, or 11,274 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.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 151484
0.0%
1
Germany
KRW 151469
0.0%
2
Austria
KRW 151469
0.0%
3
Ireland
KRW 151469
0.0%
4
Sweden
KRW 151476
0.0%
5
Norway
KRW 151476
0.0%
6
Spain
KRW 141850
6.4%
7
Italy
KRW 137542
9.2%
8
France
KRW 136765
9.7%
9
Czech Republic
KRW 134814
11.0%
10
Luxembourg
KRW 134745
11.1%
11
Russia
KRW 131784
13.0%
12
Hungary
KRW 123453
18.5%
13
Ukraine
KRW 121938
19.5%
14
Poland
KRW 118947
21.5%
15
Greece
KRW 118381
21.9%
16
Portugal
KRW 112771
25.6%
17
Finland
KRW 104903
30.8%
18
Switzerland
KRW 103897
31.4%
19
Belgium
KRW 103004
32.0%
20
Netherlands
KRW 95435
37.0%
21
Romania
KRW 88613
41.5%
22
Denmark
KRW 0
100.0%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 149082
1.6%
1
USA
KRW 138354
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 151475
0.0%
1
Singapore
KRW 151479
0.0%
2
Hong Kong
KRW 151477
0.0%
3
Thailand
KRW 143902
5.0%
4
Indonesia
KRW 138146
8.8%
5
Taiwan
KRW 138069
8.9%
6
Pakistan
KRW 136297
10.0%
7
South Korea
KRW 135285
10.7%
8
New Zealand
KRW 133465
11.9%
9
India
KRW 133301
12.0%
10
China
KRW 131504
13.2%
11
Vietnam
KRW 128792
15.0%
12
Malaysia
KRW 127421
15.9%
13
Japan
KRW 123087
18.7%
14
Kazakhstan
KRW 119969
20.8%
15
Philippines
KRW 99763
34.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 147878
2.4%
1
Brazil
KRW 140115
7.5%
2
Puerto Rico
KRW 139438
8.0%
3
Colombia
KRW 139358
8.0%
4
Ecuador
KRW 137157
9.5%
5
Guatemala
KRW 136951
9.6%
6
Costa Rica
KRW 135571
10.5%
7
Panama
KRW 134817
11.0%
8
Peru
KRW 132541
12.5%
9
Argentina
KRW 125725
17.0%
10
Chile
KRW 124816
17.6%
11
Uruguay
KRW 124059
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 149961
1.0%
1
Uganda
KRW 143902
5.0%
2
Ghana
KRW 143145
5.5%
3
Zambia
KRW 142387
6.0%
4
Morocco
KRW 141266
6.7%
5
Ivory Coast
KRW 140115
7.5%
6
Angola
KRW 138365
8.7%
7
Senegal
KRW 136392
10.0%
8
Cameroon
KRW 127803
15.6%
9
Nigeria
KRW 126081
16.8%
10
Mozambique
KRW 119967
20.8%
11
Kenya
KRW 105688
30.2%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 151476
0.0%
1
Saudi Arabia
KRW 151476
0.0%
2
United Arab Emirates
KRW 143904
5.0%
3
Qatar
KRW 143901
5.0%
4
Lebanon
KRW 140567
7.2%
5
Bahrain
KRW 139342
8.0%
6
Oman
KRW 139346
8.0%
7
Kuwait
KRW 134795
11.0%
8
Israel
KRW 131556
13.2%
9
Turkey
KRW 127605
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.