Income tax calculator South Korea
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
427 원
Income Tax
- 5.30 원
Local Tax
- 0.53 원
National Pension
- 19.22 원
National Health Insurance
- 16.76 원
Employment Insurance
- 3.84 원
Total tax
- 45.64 원
Net pay
*
381 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
381 원
Net pay
81.66 원
Tax the employer pays
45.64 원
Tax you pay
Total tax paid
127 원
Did you know your employer also pays tax on your salary? It costs the employer 81.66 원 to pay you 427 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 427 원 a year living in South Korea, you will be taxed 45.64 원. That means that your net pay will be 381 원 per year, or 31.78 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
Europe
Country
Net pay
Average tax
Rank
United Kingdom
KRW 433
0.0%
1
Germany
KRW 434
0.0%
2
Austria
KRW 434
0.0%
3
Ireland
KRW 434
0.0%
4
Netherlands
KRW 434
0.0%
5
Sweden
KRW 427
0.0%
6
Norway
KRW 427
0.0%
7
France
KRW 389
10.5%
8
Italy
KRW 389
10.5%
9
Switzerland
KRW 431
2,381.5%
10
Spain
KRW 404
6.9%
11
Luxembourg
KRW 374
10.7%
12
Czech Republic
KRW 380
11.0%
13
Russia
KRW 372
13.0%
14
Hungary
KRW 348
18.5%
15
Ukraine
KRW 344
19.5%
16
Greece
KRW 329
21.4%
17
Poland
KRW 336
21.6%
18
Portugal
KRW 314
25.0%
19
Finland
KRW 299
31.0%
20
Belgium
KRW 284
32.1%
21
Romania
KRW 240
43.7%
22
Denmark
KRW 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
KRW 423
2.3%
1
USA
KRW 394
9.7%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
KRW 424
0.0%
1
Singapore
KRW 431
0.0%
2
Hong Kong
KRW 427
0.0%
3
Indonesia
KRW 389
8.8%
4
New Zealand
KRW 377
11.8%
5
India
KRW 376
12.0%
6
China
KRW 372
13.2%
7
Vietnam
KRW 363
15.0%
8
Japan
KRW 347
18.7%
9
Pakistan
KRW 427
2,400.1%
10
Thailand
KRW 406
5.0%
11
Taiwan
KRW 389
8.8%
12
South Korea
KRW 381
10.7%
13
Kazakhstan
KRW 338
20.8%
14
Philippines
KRW 175
59.1%
15
Malaysia
KRW 171
60.0%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
KRW 417
2.4%
1
Puerto Rico
KRW 394
6.7%
2
Brazil
KRW 394
7.5%
3
Colombia
KRW 393
8.0%
4
Guatemala
KRW 386
9.8%
5
Panama
KRW 380
10.0%
6
Ecuador
KRW 380
10.0%
7
Costa Rica
KRW 382
10.5%
8
Peru
KRW 373
12.3%
9
Argentina
KRW 354
17.0%
10
Chile
KRW 352
17.6%
11
Uruguay
KRW 350
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
KRW 422
0.9%
1
Angola
KRW 414
3.0%
2
Morocco
KRW 398
6.6%
3
Nigeria
KRW 361
15.6%
4
Cameroon
KRW 360
15.6%
5
Kenya
KRW 427
4,666.4%
6
Uganda
KRW 406
5.0%
7
Ghana
KRW 403
5.4%
8
Zambia
KRW 401
6.1%
9
Ivory Coast
KRW 395
7.5%
10
Senegal
KRW 427
219.9%
11
Mozambique
KRW 427
938.0%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
KRW 427
0.0%
1
Saudi Arabia
KRW 427
0.0%
2
United Arab Emirates
KRW 402
5.4%
3
Qatar
KRW 405
5.4%
4
Lebanon
KRW 397
7.0%
5
Bahrain
KRW 411
8.3%
6
Oman
KRW 402
8.3%
7
Kuwait
KRW 366
11.1%
8
Israel
KRW 372
13.2%
9
Turkey
KRW 360
15.7%
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.