Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
333,312 원
Income Tax
- 4,135 원
Local Tax
- 413 원
National Pension
- 14,999 원
National Health Insurance
- 13,079 원
Employment Insurance
- 3,000 원
Total tax
- 35,626 원
Net pay
* 297,686 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
297,686 원
Net pay
63,743 원
Tax the employer pays
35,626 원
Tax you pay
Total tax paid
99,369 원
Did you know your employer also pays tax on your salary? It costs the employer 63,743 원 to pay you 333,312 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.
Summary
If you make 333,312 원 a year living in South Korea, you will be taxed 35,626 원. That means that your net pay will be 297,686 원 per year, or 24,807 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.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 333312
0.0%
1
Germany
KRW 333318
0.0%
2
Austria
KRW 333318
0.0%
3
Ireland
KRW 333318
0.0%
4
Sweden
KRW 333312
0.0%
5
Norway
KRW 333312
0.0%
6
Spain
KRW 312152
6.4%
7
Italy
KRW 302683
9.2%
8
France
KRW 300993
9.7%
9
Czech Republic
KRW 296648
11.0%
10
Luxembourg
KRW 296475
11.1%
11
Russia
KRW 289981
13.0%
12
Switzerland
KRW 271769
18.5%
13
Hungary
KRW 271649
18.5%
14
Ukraine
KRW 268316
19.5%
15
Poland
KRW 261729
21.5%
16
Greece
KRW 260486
21.9%
17
Portugal
KRW 248145
25.6%
18
Finland
KRW 230823
30.8%
19
Belgium
KRW 226650
32.0%
20
Netherlands
KRW 209821
37.1%
21
Romania
KRW 194986
41.5%
22
Denmark
KRW 82412
76.3%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 328050
1.6%
1
USA
KRW 304440
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 333310
0.0%
1
Singapore
KRW 333316
0.0%
2
Hong Kong
KRW 333311
0.0%
3
Pakistan
KRW 318133
4.6%
4
Thailand
KRW 316646
5.0%
5
Indonesia
KRW 303981
8.8%
6
Taiwan
KRW 303811
8.9%
7
South Korea
KRW 297686
10.7%
8
New Zealand
KRW 293684
11.9%
9
India
KRW 293315
12.0%
10
China
KRW 289364
13.2%
11
Malaysia
KRW 286139
14.2%
12
Vietnam
KRW 283399
15.0%
13
Philippines
KRW 279782
16.1%
14
Japan
KRW 270845
18.7%
15
Kazakhstan
KRW 263983
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 325396
2.4%
1
Brazil
KRW 308314
7.5%
2
Puerto Rico
KRW 306820
8.0%
3
Colombia
KRW 306647
8.0%
4
Ecuador
KRW 301808
9.5%
5
Guatemala
KRW 301353
9.6%
6
Costa Rica
KRW 298314
10.5%
7
Panama
KRW 296654
11.0%
8
Peru
KRW 291647
12.5%
9
Argentina
KRW 276649
17.0%
10
Chile
KRW 274649
17.6%
11
Uruguay
KRW 272983
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 329979
1.0%
1
Uganda
KRW 316646
5.0%
2
Ghana
KRW 314980
5.5%
3
Zambia
KRW 313314
6.0%
4
Morocco
KRW 310847
6.7%
5
Ivory Coast
KRW 308314
7.5%
6
Senegal
KRW 302590
9.2%
7
Kenya
KRW 285234
14.4%
8
Angola
KRW 285168
14.4%
9
Cameroon
KRW 281222
15.6%
10
Mozambique
KRW 278164
16.6%
11
Nigeria
KRW 274560
17.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 333312
0.0%
1
Saudi Arabia
KRW 333312
0.0%
2
United Arab Emirates
KRW 316649
5.0%
3
Qatar
KRW 316646
5.0%
4
Bahrain
KRW 306656
8.0%
5
Oman
KRW 306664
8.0%
6
Lebanon
KRW 304220
8.7%
7
Kuwait
KRW 296659
11.0%
8
Israel
KRW 289481
13.2%
9
Turkey
KRW 280785
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.