Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
48,793 원
Income Tax
- 605 원
Local Tax
- 60.53 원
National Pension
- 2,196 원
National Health Insurance
- 1,915 원
Employment Insurance
- 439 원
Total tax
- 5,215 원
Net pay
* 43,578 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
43,578 원
Net pay
9,331 원
Tax the employer pays
5,215 원
Tax you pay
Total tax paid
14,546 원
Did you know your employer also pays tax on your salary? It costs the employer 9,331 원 to pay you 48,793 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
48,793 원 yearly is how much per hour?
23.46 원 hourly is how much per year?
Summary
If you make 48,793 원 a year living in South Korea, you will be taxed 5,215 원. That means that your net pay will be 43,578 원 per year, or 3,631 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
48,500 원
49,000 원
49,500 원
50,000 원
50,500 원
51,000 원
51,500 원
52,000 원
52,500 원
53,000 원
53,500 원
54,000 원
54,500 원
55,000 원
55,500 원
56,000 원
56,500 원
57,000 원
57,500 원
58,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 48027
1.6%
1
USA
KRW 44555
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 47634
2.4%
1
Brazil
KRW 45134
7.5%
2
Puerto Rico
KRW 44907
8.0%
3
Colombia
KRW 44890
8.0%
4
Ecuador
KRW 44175
9.5%
5
Guatemala
KRW 44114
9.6%
6
Costa Rica
KRW 43670
10.5%
7
Panama
KRW 43425
11.0%
8
Peru
KRW 42693
12.5%
9
Argentina
KRW 40498
17.0%
10
Chile
KRW 40205
17.6%
11
Uruguay
KRW 39961
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 48305
1.0%
1
Angola
KRW 47329
3.0%
2
Uganda
KRW 46353
5.0%
3
Ghana
KRW 46109
5.5%
4
Zambia
KRW 45865
6.0%
5
Morocco
KRW 45505
6.7%
6
Ivory Coast
KRW 45134
7.5%
7
Senegal
KRW 42540
12.8%
8
Cameroon
KRW 41168
15.6%
9
Nigeria
KRW 40613
16.8%
10
Mozambique
KRW 30633
37.2%
11
Kenya
KRW 3005
93.8%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 48793
0.0%
1
Saudi Arabia
KRW 48794
0.0%
2
United Arab Emirates
KRW 46353
5.0%
3
Qatar
KRW 46353
5.0%
4
Lebanon
KRW 45377
7.0%
5
Oman
KRW 44901
8.0%
6
Bahrain
KRW 44891
8.0%
7
Kuwait
KRW 43420
11.0%
8
Israel
KRW 42378
13.2%
9
Turkey
KRW 41104
15.8%
10
Show more
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.