Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,565,417 원
Income Tax
- 19,420 원
Local Tax
- 1,942 원
National Pension
- 70,444 원
National Health Insurance
- 61,427 원
Employment Insurance
- 14,089 원
Total tax
- 167,321 원
Net pay
* 1,398,096 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
1,398,096 원
Net pay
299,370 원
Tax the employer pays
167,321 원
Tax you pay
Total tax paid
466,692 원
Did you know your employer also pays tax on your salary? It costs the employer 299,370 원 to pay you 1,565,417 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
1,565,417 원 yearly is how much per hour?
753 원 hourly is how much per year?
Summary
If you make 1,565,417 원 a year living in South Korea, you will be taxed 167,321 원. That means that your net pay will be 1,398,096 원 per year, or 116,508 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.
Tax per income
190,500 원
191,000 원
191,500 원
192,000 원
192,500 원
193,000 원
193,500 원
194,000 원
194,500 원
195,000 원
195,500 원
196,000 원
196,500 원
197,000 원
197,500 원
198,000 원
198,500 원
199,000 원
199,500 원
200,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 1483748
5.2%
1
USA
KRW 1429840
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 1565413
0.0%
1
Singapore
KRW 1565421
0.0%
2
Hong Kong
KRW 1565417
0.0%
3
Pakistan
KRW 1550238
1.0%
4
Thailand
KRW 1487146
5.0%
5
Philippines
KRW 1443976
7.8%
6
Indonesia
KRW 1432669
8.5%
7
Taiwan
KRW 1426862
8.9%
8
South Korea
KRW 1398096
10.7%
9
New Zealand
KRW 1379286
11.9%
10
India
KRW 1377567
12.0%
11
Malaysia
KRW 1373833
12.2%
12
China
KRW 1359017
13.2%
13
Vietnam
KRW 1330996
15.0%
14
Japan
KRW 1272036
18.7%
15
Kazakhstan
KRW 1239810
20.8%
16
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 1549763
1.0%
1
Zambia
KRW 1471492
6.0%
2
Morocco
KRW 1459907
6.7%
3
Uganda
KRW 1428638
8.7%
4
Ivory Coast
KRW 1411108
9.9%
5
Kenya
KRW 1367119
12.7%
6
Senegal
KRW 1363276
12.9%
7
Cameroon
KRW 1320774
15.6%
8
Mozambique
KRW 1318088
15.8%
9
Ghana
KRW 1310597
16.3%
10
Angola
KRW 1233902
21.2%
11
Nigeria
KRW 1200403
23.3%
12
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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.