Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
34,846 원
Income Tax
- 432 원
Local Tax
- 43.23 원
National Pension
- 1,568 원
National Health Insurance
- 1,367 원
Employment Insurance
- 314 원
Total tax
- 3,725 원
Net pay
* 31,121 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
31,121 원
Net pay
6,664 원
Tax the employer pays
3,725 원
Tax you pay
Total tax paid
10,389 원
Did you know your employer also pays tax on your salary? It costs the employer 6,664 원 to pay you 34,846 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
34,846 원 yearly is how much per hour?
16.75 원 hourly is how much per year?
Summary
If you make 34,846 원 a year living in South Korea, you will be taxed 3,725 원. That means that your net pay will be 31,121 원 per year, or 2,593 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.
Tax per income
34,500 원
35,000 원
35,500 원
36,000 원
36,500 원
37,000 원
37,500 원
38,000 원
38,500 원
39,000 원
39,500 원
40,000 원
40,500 원
41,000 원
41,500 원
42,000 원
42,500 원
43,000 원
43,500 원
44,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 34293
1.6%
1
USA
KRW 31829
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 34845
0.0%
1
Singapore
KRW 34848
0.0%
2
Hong Kong
KRW 34845
0.0%
3
Thailand
KRW 33104
5.0%
4
Indonesia
KRW 31780
8.8%
5
Taiwan
KRW 31762
8.9%
6
South Korea
KRW 31121
10.7%
7
New Zealand
KRW 30704
11.9%
8
India
KRW 30665
12.0%
9
China
KRW 30253
13.2%
10
Vietnam
KRW 29628
15.0%
11
Malaysia
KRW 28583
18.0%
12
Japan
KRW 28315
18.7%
13
Kazakhstan
KRW 27598
20.8%
14
Pakistan
KRW 19667
43.6%
15
Philippines
KRW 14267
59.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 34019
2.4%
1
Brazil
KRW 32234
7.5%
2
Puerto Rico
KRW 32069
8.0%
3
Colombia
KRW 32058
8.0%
4
Ecuador
KRW 31548
9.5%
5
Guatemala
KRW 31505
9.6%
6
Costa Rica
KRW 31187
10.5%
7
Panama
KRW 31012
11.0%
8
Peru
KRW 30492
12.5%
9
Argentina
KRW 28922
17.0%
10
Chile
KRW 28713
17.6%
11
Uruguay
KRW 28539
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 34498
1.0%
1
Angola
KRW 33801
3.0%
2
Uganda
KRW 33104
5.0%
3
Ghana
KRW 32930
5.5%
4
Zambia
KRW 32755
6.0%
5
Morocco
KRW 32497
6.7%
6
Ivory Coast
KRW 32233
7.5%
7
Senegal
KRW 29793
14.5%
8
Cameroon
KRW 29400
15.6%
9
Nigeria
KRW 29004
16.8%
10
Mozambique
KRW 18499
46.9%
11
Kenya
KRW 34846
131.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 34846
0.0%
1
Saudi Arabia
KRW 34847
0.0%
2
United Arab Emirates
KRW 33103
5.0%
3
Qatar
KRW 33103
5.0%
4
Lebanon
KRW 32407
7.0%
5
Oman
KRW 32067
8.0%
6
Bahrain
KRW 32044
8.0%
7
Kuwait
KRW 31008
11.0%
8
Israel
KRW 30264
13.2%
9
Turkey
KRW 29355
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.