20,218 원 income tax calculator 2025 - South Korea

Salary rate

Annual

Month

Semimonthly

Weekly

Day

Hour

Withholding

Salary

20,218 원

Income Tax

- 251 원

Local Tax

- 25.08 원

National Pension

- 910 원

National Health Insurance

- 793 원

Employment Insurance

- 182 원

Total tax

- 2,161 원

Net pay

* 18,057 원

Marginal tax rate

10.7%

Average tax rate

10.7%

89.3%

Net pay

10.7%

Total tax

Net pay

The Taxberg

18,057 원

Net pay

3,866 원

Tax the employer pays

2,161 원

Tax you pay

Total tax paid

6,028 원

Did you know your employer also pays tax on your salary? It costs the employer 3,866 원 to pay you 20,218 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

20,218 원 yearly is how much per hour?

9.72 원 hourly is how much per year?

Summary

If you make 20,218 원 a year living in South Korea, you will be taxed 2,161 원. That means that your net pay will be 18,057 원 per year, or 1,505 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

Europe

United Kingdom

KRW 20217

0.0%

1

Germany

KRW 20224

0.0%

2

Austria

KRW 20224

0.0%

3

Ireland

KRW 20224

0.0%

4

Sweden

KRW 20218

0.0%

5

Norway

KRW 20218

0.0%

6

Spain

KRW 18937

6.4%

7

Italy

KRW 18369

9.2%

8

France

KRW 18264

9.7%

9

Czech Republic

KRW 17994

11.0%

10

Luxembourg

KRW 17980

11.0%

11

Russia

KRW 17590

13.0%

12

Hungary

KRW 16478

18.5%

13

Ukraine

KRW 16276

19.5%

14

Poland

KRW 15876

21.5%

15

Greece

KRW 15796

21.8%

16

Portugal

KRW 15048

25.5%

17

Finland

KRW 14001

30.8%

18

Belgium

KRW 13747

32.0%

19

Netherlands

KRW 12341

39.0%

20

Romania

KRW 11826

41.5%

21

Denmark

KRW 0

100.0%

22

Switzerland

KRW 20224

194.2%

23

North America

Canada

KRW 19894

1.6%

1

USA

KRW 18470

8.6%

2

Asia / Pacific

Australia

KRW 20218

0.0%

1

Singapore

KRW 20217

0.0%

2

Hong Kong

KRW 20219

0.0%

3

Malaysia

KRW 19221

4.9%

4

Thailand

KRW 19207

5.0%

5

Indonesia

KRW 18439

8.8%

6

Taiwan

KRW 18428

8.9%

7

South Korea

KRW 18057

10.7%

8

New Zealand

KRW 17813

11.9%

9

India

KRW 17798

12.0%

10

China

KRW 17553

13.2%

11

Vietnam

KRW 17190

15.0%

12

Japan

KRW 16429

18.7%

13

Kazakhstan

KRW 16013

20.8%

14

Philippines

KRW 8278

59.1%

15

Pakistan

KRW 5039

75.1%

16

Latin America

Mexico

KRW 19738

2.4%

1

Brazil

KRW 18702

7.5%

2

Puerto Rico

KRW 18610

7.9%

3

Colombia

KRW 18601

8.0%

4

Ecuador

KRW 18301

9.5%

5

Guatemala

KRW 18279

9.6%

6

Costa Rica

KRW 18095

10.5%

7

Panama

KRW 17994

11.0%

8

Peru

KRW 17690

12.5%

9

Argentina

KRW 16781

17.0%

10

Chile

KRW 16660

17.6%

11

Uruguay

KRW 16559

18.1%

12

Africa

South Africa

KRW 20016

1.0%

1

Angola

KRW 19611

3.0%

2

Uganda

KRW 19207

5.0%

3

Ghana

KRW 19106

5.5%

4

Zambia

KRW 19005

6.0%

5

Morocco

KRW 18855

6.7%

6

Ivory Coast

KRW 18702

7.5%

7

Cameroon

KRW 17058

15.6%

8

Nigeria

KRW 16828

16.8%

9

Senegal

KRW 16423

18.8%

10

Mozambique

KRW 5773

71.5%

11

Kenya

KRW 20218

226.5%

12

Middle East

Egypt

KRW 20218

0.0%

1

Saudi Arabia

KRW 20217

0.0%

2

United Arab Emirates

KRW 19206

5.0%

3

Qatar

KRW 19206

5.0%

4

Lebanon

KRW 18803

7.0%

5

Bahrain

KRW 18599

8.0%

6

Oman

KRW 18611

8.0%

7

Kuwait

KRW 18000

11.1%

8

Israel

KRW 17560

13.1%

9

Turkey

KRW 17032

15.8%

10

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.

Income tax calculator South Korea

Find out how much your salary is after tax