Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
28,845 원
Income Tax
- 358 원
Local Tax
- 35.78 원
National Pension
- 1,298 원
National Health Insurance
- 1,132 원
Employment Insurance
- 260 원
Total tax
- 3,083 원
Net pay
* 25,762 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
25,762 원
Net pay
5,516 원
Tax the employer pays
3,083 원
Tax you pay
Total tax paid
8,599 원
Did you know your employer also pays tax on your salary? It costs the employer 5,516 원 to pay you 28,845 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
28,845 원 yearly is how much per hour?
13.87 원 hourly is how much per year?
Summary
If you make 28,845 원 a year living in South Korea, you will be taxed 3,083 원. That means that your net pay will be 25,762 원 per year, or 2,147 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
28,500 원
29,000 원
29,500 원
30,000 원
30,500 원
31,000 원
31,500 원
32,000 원
32,500 원
33,000 원
33,500 원
34,000 원
34,500 원
35,000 원
35,500 원
36,000 원
36,500 원
37,000 원
37,500 원
38,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 28385
1.6%
1
USA
KRW 26353
8.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 28849
0.0%
1
Singapore
KRW 28842
0.0%
2
Hong Kong
KRW 28845
0.0%
3
Thailand
KRW 27403
5.0%
4
Indonesia
KRW 26307
8.8%
5
Taiwan
KRW 26292
8.9%
6
South Korea
KRW 25762
10.7%
7
New Zealand
KRW 25414
11.9%
8
India
KRW 25386
12.0%
9
China
KRW 25042
13.2%
10
Malaysia
KRW 24744
14.2%
11
Vietnam
KRW 24525
15.0%
12
Japan
KRW 23439
18.7%
13
Kazakhstan
KRW 22845
20.8%
14
Pakistan
KRW 13666
52.6%
15
Philippines
KRW 11810
59.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 28160
2.4%
1
Brazil
KRW 26681
7.5%
2
Puerto Rico
KRW 26550
8.0%
3
Colombia
KRW 26537
8.0%
4
Ecuador
KRW 26114
9.5%
5
Guatemala
KRW 26079
9.6%
6
Costa Rica
KRW 25816
10.5%
7
Panama
KRW 25670
11.0%
8
Peru
KRW 25239
12.5%
9
Argentina
KRW 23941
17.0%
10
Chile
KRW 23768
17.6%
11
Uruguay
KRW 23624
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 28556
1.0%
1
Angola
KRW 27980
3.0%
2
Uganda
KRW 27403
5.0%
3
Ghana
KRW 27258
5.5%
4
Zambia
KRW 27114
6.0%
5
Morocco
KRW 26900
6.7%
6
Ivory Coast
KRW 26682
7.5%
7
Cameroon
KRW 24337
15.6%
8
Senegal
KRW 24308
15.7%
9
Nigeria
KRW 24009
16.8%
10
Mozambique
KRW 13278
54.0%
11
Kenya
KRW 28845
158.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 28845
0.0%
1
Saudi Arabia
KRW 28843
0.0%
2
United Arab Emirates
KRW 27404
5.0%
3
Qatar
KRW 27402
5.0%
4
Lebanon
KRW 26826
7.0%
5
Oman
KRW 26546
8.0%
6
Bahrain
KRW 26554
8.0%
7
Kuwait
KRW 25695
11.0%
8
Israel
KRW 25051
13.2%
9
Turkey
KRW 24299
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.