Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
498 원
Income Tax
- 6.18 원
Local Tax
- 0.62 원
National Pension
- 22.41 원
National Health Insurance
- 19.54 원
Employment Insurance
- 4.48 원
Total tax
- 53.23 원
Net pay
* 445 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
445 원
Net pay
95.24 원
Tax the employer pays
53.23 원
Tax you pay
Total tax paid
148 원
Did you know your employer also pays tax on your salary? It costs the employer 95.24 원 to pay you 498 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
498 원 yearly is how much per hour?
0.24 원 hourly is how much per year?
Summary
If you make 498 원 a year living in South Korea, you will be taxed 53.23 원. That means that your net pay will be 445 원 per year, or 37.06 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
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 484
2.0%
1
USA
KRW 450
8.6%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 493
0.9%
1
Angola
KRW 483
3.0%
2
Morocco
KRW 465
6.8%
3
Cameroon
KRW 420
15.6%
4
Nigeria
KRW 420
15.8%
5
Kenya
KRW 498
4,665.7%
6
Uganda
KRW 473
5.0%
7
Ghana
KRW 470
5.5%
8
Zambia
KRW 468
6.0%
9
Ivory Coast
KRW 461
7.5%
10
Senegal
KRW 498
219.9%
11
Mozambique
KRW 498
938.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 498
0.0%
1
Saudi Arabia
KRW 498
0.0%
2
United Arab Emirates
KRW 475
4.6%
3
Qatar
KRW 474
4.7%
4
Lebanon
KRW 463
7.0%
5
Oman
KRW 475
7.1%
6
Bahrain
KRW 448
7.7%
7
Kuwait
KRW 458
9.1%
8
Israel
KRW 432
12.9%
9
Turkey
KRW 420
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.