Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
16,640 원
Income Tax
- 206 원
Local Tax
- 20.64 원
National Pension
- 749 원
National Health Insurance
- 653 원
Employment Insurance
- 150 원
Total tax
- 1,779 원
Net pay
* 14,861 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
14,861 원
Net pay
3,182 원
Tax the employer pays
1,779 원
Tax you pay
Total tax paid
4,961 원
Did you know your employer also pays tax on your salary? It costs the employer 3,182 원 to pay you 16,640 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
16,640 원 yearly is how much per hour?
8 원 hourly is how much per year?
Summary
If you make 16,640 원 a year living in South Korea, you will be taxed 1,779 원. That means that your net pay will be 14,861 원 per year, or 1,238 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 10.68 원, hence, your net pay will only increase by 89.32 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
16,500 원
17,000 원
17,500 원
18,000 원
18,500 원
19,000 원
19,500 원
20,000 원
20,500 원
21,000 원
21,500 원
22,000 원
22,500 원
23,000 원
23,500 원
24,000 원
24,500 원
25,000 원
25,500 원
26,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 16375
1.6%
1
USA
KRW 15204
8.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 16644
0.0%
1
Singapore
KRW 16641
0.0%
2
Hong Kong
KRW 16639
0.0%
3
Malaysia
KRW 16070
3.4%
4
Thailand
KRW 15808
5.0%
5
Indonesia
KRW 15176
8.8%
6
Taiwan
KRW 15167
8.9%
7
South Korea
KRW 14861
10.7%
8
New Zealand
KRW 14657
11.9%
9
India
KRW 14649
12.0%
10
China
KRW 14445
13.2%
11
Vietnam
KRW 14148
15.0%
12
Japan
KRW 13521
18.7%
13
Kazakhstan
KRW 13179
20.8%
14
Philippines
KRW 6813
59.1%
15
Pakistan
KRW 1461
91.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 16245
2.4%
1
Brazil
KRW 15393
7.5%
2
Puerto Rico
KRW 15316
8.0%
3
Colombia
KRW 15309
8.0%
4
Ecuador
KRW 15063
9.5%
5
Guatemala
KRW 15045
9.6%
6
Costa Rica
KRW 14893
10.5%
7
Panama
KRW 14803
11.0%
8
Peru
KRW 14561
12.5%
9
Argentina
KRW 13811
17.0%
10
Chile
KRW 13711
17.6%
11
Uruguay
KRW 13628
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 16474
1.0%
1
Angola
KRW 16141
3.0%
2
Uganda
KRW 15808
5.0%
3
Ghana
KRW 15725
5.5%
4
Zambia
KRW 15642
6.0%
5
Morocco
KRW 15518
6.7%
6
Ivory Coast
KRW 15392
7.5%
7
Cameroon
KRW 14039
15.6%
8
Nigeria
KRW 13850
16.8%
9
Senegal
KRW 13152
21.0%
10
Mozambique
KRW 2660
84.0%
11
Kenya
KRW 16640
275.2%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 16640
0.0%
1
Saudi Arabia
KRW 16638
0.0%
2
United Arab Emirates
KRW 15810
5.0%
3
Qatar
KRW 15807
5.0%
4
Lebanon
KRW 15475
7.0%
5
Oman
KRW 15320
7.9%
6
Bahrain
KRW 15312
8.1%
7
Kuwait
KRW 14794
11.0%
8
Israel
KRW 14453
13.2%
9
Turkey
KRW 14018
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.