Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
2,845 원
Income Tax
- 35.29 원
Local Tax
- 3.53 원
National Pension
- 128 원
National Health Insurance
- 112 원
Employment Insurance
- 25.61 원
Total tax
- 304 원
Net pay
* 2,541 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
2,541 원
Net pay
544 원
Tax the employer pays
304 원
Tax you pay
Total tax paid
848 원
Did you know your employer also pays tax on your salary? It costs the employer 544 원 to pay you 2,845 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
2,845 원 yearly is how much per hour?
1.37 원 hourly is how much per year?
Summary
If you make 2,845 원 a year living in South Korea, you will be taxed 304 원. That means that your net pay will be 2,541 원 per year, or 212 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.
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 2793
1.8%
1
USA
KRW 2590
8.9%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 2846
0.0%
1
Singapore
KRW 2840
0.0%
2
Hong Kong
KRW 2845
0.0%
3
Thailand
KRW 2703
5.0%
4
Indonesia
KRW 2595
8.8%
5
Taiwan
KRW 2593
8.9%
6
South Korea
KRW 2541
10.7%
7
New Zealand
KRW 2503
11.8%
8
India
KRW 2504
12.0%
9
China
KRW 2469
13.2%
10
Vietnam
KRW 2419
15.0%
11
Japan
KRW 2312
18.7%
12
Malaysia
KRW 2275
20.1%
13
Kazakhstan
KRW 2253
20.8%
14
Philippines
KRW 1165
59.1%
15
Pakistan
KRW 2845
533.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 2778
2.4%
1
Puerto Rico
KRW 2632
7.4%
2
Brazil
KRW 2632
7.5%
3
Colombia
KRW 2617
8.0%
4
Ecuador
KRW 2576
9.4%
5
Guatemala
KRW 2572
9.6%
6
Costa Rica
KRW 2546
10.5%
7
Panama
KRW 2530
10.9%
8
Peru
KRW 2490
12.5%
9
Argentina
KRW 2361
17.0%
10
Chile
KRW 2344
17.6%
11
Uruguay
KRW 2330
18.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 2845
0.0%
1
Saudi Arabia
KRW 2844
0.0%
2
United Arab Emirates
KRW 2702
5.0%
3
Qatar
KRW 2704
5.0%
4
Lebanon
KRW 2646
7.0%
5
Oman
KRW 2633
7.7%
6
Bahrain
KRW 2614
7.9%
7
Kuwait
KRW 2519
11.3%
8
Israel
KRW 2469
13.2%
9
Turkey
KRW 2397
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.