Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
291 원
Income Tax
- 3.61 원
Local Tax
- 0.36 원
National Pension
- 13.10 원
National Health Insurance
- 11.42 원
Employment Insurance
- 2.62 원
Total tax
- 31.10 원
Net pay
* 260 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
260 원
Net pay
55.65 원
Tax the employer pays
31.10 원
Tax you pay
Total tax paid
86.75 원
Did you know your employer also pays tax on your salary? It costs the employer 55.65 원 to pay you 291 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
291 원 yearly is how much per hour?
0.14 원 hourly is how much per year?
Summary
If you make 291 원 a year living in South Korea, you will be taxed 31.10 원. That means that your net pay will be 260 원 per year, or 21.66 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
500 원
1,000 원
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
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 282
3.5%
1
USA
KRW 267
9.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 295
0.0%
1
Singapore
KRW 295
0.0%
2
Hong Kong
KRW 291
0.0%
3
Indonesia
KRW 265
8.8%
4
New Zealand
KRW 259
11.4%
5
India
KRW 256
12.0%
6
China
KRW 253
13.3%
7
Vietnam
KRW 247
15.0%
8
Japan
KRW 237
18.7%
9
Pakistan
KRW 291
2,400.1%
10
Thailand
KRW 276
5.0%
11
Taiwan
KRW 265
8.8%
12
South Korea
KRW 260
10.7%
13
Kazakhstan
KRW 230
20.8%
14
Philippines
KRW 119
59.1%
15
Malaysia
KRW 117
59.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 284
2.4%
1
Puerto Rico
KRW 267
5.0%
2
Brazil
KRW 269
7.6%
3
Colombia
KRW 268
8.0%
4
Guatemala
KRW 264
9.4%
5
Ecuador
KRW 267
9.5%
6
Panama
KRW 253
10.0%
7
Costa Rica
KRW 260
10.5%
8
Peru
KRW 254
12.8%
9
Argentina
KRW 242
17.0%
10
Chile
KRW 240
17.6%
11
Uruguay
KRW 238
18.1%
12
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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.