Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
348 원
Income Tax
- 4.32 원
Local Tax
- 0.43 원
National Pension
- 15.66 원
National Health Insurance
- 13.66 원
Employment Insurance
- 3.13 원
Total tax
- 37.20 원
Net pay
* 311 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
311 원
Net pay
66.55 원
Tax the employer pays
37.20 원
Tax you pay
Total tax paid
104 원
Did you know your employer also pays tax on your salary? It costs the employer 66.55 원 to pay you 348 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
348 원 yearly is how much per hour?
0.17 원 hourly is how much per year?
Summary
If you make 348 원 a year living in South Korea, you will be taxed 37.20 원. That means that your net pay will be 311 원 per year, or 25.90 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 10.68 원, hence, your net pay will only increase by 89.32 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
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 343
2.9%
1
USA
KRW 310
8.3%
2
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 348
0.0%
1
Saudi Arabia
KRW 349
0.0%
2
Qatar
KRW 332
5.5%
3
United Arab Emirates
KRW 330
5.5%
4
Lebanon
KRW 324
7.0%
5
Bahrain
KRW 336
10.0%
6
Oman
KRW 329
10.0%
7
Kuwait
KRW 321
12.5%
8
Israel
KRW 304
12.9%
9
Turkey
KRW 293
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.