Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
2,327 원
Income Tax
- 28.87 원
Local Tax
- 2.89 원
National Pension
- 105 원
National Health Insurance
- 91.31 원
Employment Insurance
- 20.94 원
Total tax
- 249 원
Net pay
* 2,078 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
2,078 원
Net pay
445 원
Tax the employer pays
249 원
Tax you pay
Total tax paid
694 원
Did you know your employer also pays tax on your salary? It costs the employer 445 원 to pay you 2,327 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
2,327 원 yearly is how much per hour?
1.12 원 hourly is how much per year?
Summary
If you make 2,327 원 a year living in South Korea, you will be taxed 249 원. That means that your net pay will be 2,078 원 per year, or 173 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
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
11,500 원
12,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 2289
1.7%
1
USA
KRW 2126
9.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 2330
0.0%
1
Singapore
KRW 2325
0.0%
2
Hong Kong
KRW 2327
0.0%
3
Thailand
KRW 2211
5.0%
4
Indonesia
KRW 2122
8.8%
5
Taiwan
KRW 2121
8.9%
6
South Korea
KRW 2078
10.7%
7
New Zealand
KRW 2051
11.9%
8
India
KRW 2048
12.0%
9
China
KRW 2020
13.2%
10
Vietnam
KRW 1979
15.0%
11
Japan
KRW 1891
18.7%
12
Kazakhstan
KRW 1843
20.8%
13
Malaysia
KRW 1755
24.6%
14
Philippines
KRW 953
59.1%
15
Pakistan
KRW 2327
652.3%
16
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 2327
0.0%
1
Saudi Arabia
KRW 2327
0.0%
2
United Arab Emirates
KRW 2211
4.9%
3
Qatar
KRW 2210
5.0%
4
Lebanon
KRW 2164
7.0%
5
Oman
KRW 2157
7.8%
6
Bahrain
KRW 2129
8.1%
7
Kuwait
KRW 2061
11.8%
8
Israel
KRW 2023
13.2%
9
Turkey
KRW 1960
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.