Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,965 원
Income Tax
- 24.38 원
Local Tax
- 2.44 원
National Pension
- 88.43 원
National Health Insurance
- 77.11 원
Employment Insurance
- 17.69 원
Total tax
- 210 원
Net pay
* 1,755 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
1,755 원
Net pay
376 원
Tax the employer pays
210 원
Tax you pay
Total tax paid
586 원
Did you know your employer also pays tax on your salary? It costs the employer 376 원 to pay you 1,965 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
1,965 원 yearly is how much per hour?
0.94 원 hourly is how much per year?
Summary
If you make 1,965 원 a year living in South Korea, you will be taxed 210 원. That means that your net pay will be 1,755 원 per year, or 146 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
1,500 원
2,000 원
2,500 원
3,000 원
3,500 원
4,000 원
4,500 원
5,000 원
5,500 원
6,000 원
6,500 원
7,000 원
7,500 원
8,000 원
8,500 원
9,000 원
9,500 원
10,000 원
10,500 원
11,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 1926
1.6%
1
USA
KRW 1788
8.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 1962
0.0%
1
Singapore
KRW 1967
0.0%
2
Hong Kong
KRW 1965
0.0%
3
Thailand
KRW 1867
5.0%
4
Indonesia
KRW 1792
8.8%
5
Taiwan
KRW 1791
8.9%
6
South Korea
KRW 1755
10.7%
7
New Zealand
KRW 1733
11.9%
8
India
KRW 1730
12.0%
9
China
KRW 1706
13.2%
10
Vietnam
KRW 1671
15.0%
11
Japan
KRW 1597
18.7%
12
Kazakhstan
KRW 1556
20.8%
13
Malaysia
KRW 1393
29.1%
14
Philippines
KRW 805
59.1%
15
Pakistan
KRW 1965
772.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 1918
2.4%
1
Puerto Rico
KRW 1816
7.2%
2
Brazil
KRW 1817
7.5%
3
Colombia
KRW 1808
8.0%
4
Ecuador
KRW 1774
9.4%
5
Guatemala
KRW 1777
9.6%
6
Costa Rica
KRW 1759
10.5%
7
Panama
KRW 1743
10.8%
8
Peru
KRW 1721
12.5%
9
Argentina
KRW 1631
17.0%
10
Chile
KRW 1619
17.6%
11
Uruguay
KRW 1609
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 1945
1.0%
1
Angola
KRW 1906
3.0%
2
Morocco
KRW 1832
6.7%
3
Cameroon
KRW 1658
15.6%
4
Nigeria
KRW 1639
16.6%
5
Kenya
KRW 1965
2,330.2%
6
Uganda
KRW 1867
5.0%
7
Ghana
KRW 1857
5.5%
8
Zambia
KRW 1847
6.0%
9
Ivory Coast
KRW 1818
7.5%
10
Senegal
KRW 1965
113.3%
11
Mozambique
KRW 1965
614.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 1965
0.0%
1
Saudi Arabia
KRW 1964
0.0%
2
Qatar
KRW 1867
4.9%
3
United Arab Emirates
KRW 1867
5.1%
4
Lebanon
KRW 1827
7.0%
5
Oman
KRW 1792
7.6%
6
Bahrain
KRW 1793
7.7%
7
Kuwait
KRW 1740
11.6%
8
Israel
KRW 1708
13.2%
9
Turkey
KRW 1655
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.