Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
424 원
Income Tax
- 5.26 원
Local Tax
- 0.53 원
National Pension
- 19.08 원
National Health Insurance
- 16.64 원
Employment Insurance
- 3.82 원
Total tax
- 45.32 원
Net pay
* 379 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
379 원
Net pay
81.09 원
Tax the employer pays
45.32 원
Tax you pay
Total tax paid
126 원
Did you know your employer also pays tax on your salary? It costs the employer 81.09 원 to pay you 424 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
424 원 yearly is how much per hour?
0.20 원 hourly is how much per year?
Summary
If you make 424 원 a year living in South Korea, you will be taxed 45.32 원. That means that your net pay will be 379 원 per year, or 31.56 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.
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 413
2.4%
1
USA
KRW 380
10.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 424
0.0%
1
Singapore
KRW 421
0.0%
2
Hong Kong
KRW 423
0.0%
3
Indonesia
KRW 387
8.8%
4
New Zealand
KRW 377
11.8%
5
India
KRW 373
12.0%
6
China
KRW 368
13.3%
7
Vietnam
KRW 361
15.0%
8
Japan
KRW 345
18.7%
9
Pakistan
KRW 424
2,400.0%
10
Thailand
KRW 403
5.0%
11
Taiwan
KRW 387
8.9%
12
South Korea
KRW 379
10.7%
13
Kazakhstan
KRW 336
20.8%
14
Philippines
KRW 174
59.1%
15
Malaysia
KRW 168
60.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 414
2.4%
1
Puerto Rico
KRW 394
6.7%
2
Brazil
KRW 391
7.5%
3
Colombia
KRW 390
8.0%
4
Guatemala
KRW 384
9.4%
5
Panama
KRW 380
10.0%
6
Ecuador
KRW 380
10.0%
7
Costa Rica
KRW 379
10.5%
8
Peru
KRW 370
12.4%
9
Argentina
KRW 352
17.0%
10
Chile
KRW 349
17.6%
11
Uruguay
KRW 347
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 420
0.9%
1
Angola
KRW 411
3.0%
2
Morocco
KRW 395
6.7%
3
Nigeria
KRW 358
15.6%
4
Cameroon
KRW 358
15.6%
5
Kenya
KRW 424
4,667.0%
6
Uganda
KRW 403
5.0%
7
Ghana
KRW 401
5.5%
8
Zambia
KRW 398
6.0%
9
Ivory Coast
KRW 392
7.5%
10
Senegal
KRW 424
219.9%
11
Mozambique
KRW 424
937.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 424
0.0%
1
Saudi Arabia
KRW 423
0.0%
2
Qatar
KRW 401
4.6%
3
United Arab Emirates
KRW 402
5.4%
4
Lebanon
KRW 394
7.0%
5
Oman
KRW 402
8.3%
6
Bahrain
KRW 373
9.1%
7
Kuwait
KRW 366
11.1%
8
Israel
KRW 368
13.3%
9
Turkey
KRW 357
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.