Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,835,080 원
Income Tax
- 22,765 원
Local Tax
- 2,277 원
National Pension
- 82,579 원
National Health Insurance
- 72,009 원
Employment Insurance
- 16,516 원
Total tax
- 196,145 원
Net pay
* 1,638,935 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
1,638,935 원
Net pay
350,941 원
Tax the employer pays
196,145 원
Tax you pay
Total tax paid
547,085 원
Did you know your employer also pays tax on your salary? It costs the employer 350,941 원 to pay you 1,835,080 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 1,835,080 원 a year living in South Korea, you will be taxed 196,145 원. That means that your net pay will be 1,638,935 원 per year, or 136,578 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.
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 1721583
6.2%
1
USA
KRW 1676140
8.7%
2
Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 1835079
0.0%
1
United Arab Emirates
KRW 1743326
5.0%
2
Qatar
KRW 1743325
5.0%
3
Bahrain
KRW 1688269
8.0%
4
Oman
KRW 1688278
8.0%
5
Kuwait
KRW 1633207
11.0%
6
Israel
KRW 1593766
13.2%
7
Lebanon
KRW 1574207
14.2%
8
Egypt
KRW 1525674
16.9%
9
Turkey
KRW 1519643
17.2%
10
Show more
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.