Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
38,538 원
Income Tax
- 478 원
Local Tax
- 47.81 원
National Pension
- 1,734 원
National Health Insurance
- 1,512 원
Employment Insurance
- 347 원
Total tax
- 4,119 원
Net pay
* 34,419 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
34,419 원
Net pay
7,370 원
Tax the employer pays
4,119 원
Tax you pay
Total tax paid
11,489 원
Did you know your employer also pays tax on your salary? It costs the employer 7,370 원 to pay you 38,538 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
38,538 원 yearly is how much per hour?
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Summary
If you make 38,538 원 a year living in South Korea, you will be taxed 4,119 원. That means that your net pay will be 34,419 원 per year, or 2,868 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
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
44,500 원
45,000 원
45,500 원
46,000 원
46,500 원
47,000 원
47,500 원
48,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 37923
1.6%
1
USA
KRW 35194
8.7%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 38153
1.0%
1
Angola
KRW 37382
3.0%
2
Uganda
KRW 36611
5.0%
3
Ghana
KRW 36418
5.5%
4
Zambia
KRW 36226
6.0%
5
Morocco
KRW 35940
6.7%
6
Ivory Coast
KRW 35648
7.5%
7
Senegal
KRW 33167
13.9%
8
Cameroon
KRW 32515
15.6%
9
Nigeria
KRW 32077
16.8%
10
Mozambique
KRW 21711
43.7%
11
Kenya
KRW 38538
118.8%
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.