Income tax calculator South Korea
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
508 원
Income Tax
- 6.30 원
Local Tax
- 0.63 원
National Pension
- 22.86 원
National Health Insurance
- 19.93 원
Employment Insurance
- 4.57 원
Total tax
- 54.30 원
Net pay
*
454 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
454 원
Net pay
97.15 원
Tax the employer pays
54.30 원
Tax you pay
Total tax paid
151 원
Did you know your employer also pays tax on your salary? It costs the employer 97.15 원 to pay you 508 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 508 원 a year living in South Korea, you will be taxed 54.30 원. That means that your net pay will be 454 원 per year, or 37.81 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 505
0.0%
1
Germany
KRW 509
0.0%
2
Austria
KRW 509
0.0%
3
Ireland
KRW 509
0.0%
4
Netherlands
KRW 509
0.0%
5
Sweden
KRW 508
0.0%
6
Norway
KRW 508
0.0%
7
Switzerland
KRW 510
2,464.5%
8
Spain
KRW 479
5.9%
9
France
KRW 464
8.8%
10
Italy
KRW 464
8.8%
11
Czech Republic
KRW 452
11.0%
12
Luxembourg
KRW 449
11.8%
13
Russia
KRW 442
13.0%
14
Hungary
KRW 414
18.5%
15
Ukraine
KRW 409
19.5%
16
Greece
KRW 389
21.2%
17
Poland
KRW 398
21.6%
18
Portugal
KRW 374
26.5%
19
Finland
KRW 359
29.4%
20
Belgium
KRW 344
32.4%
21
Romania
KRW 286
43.8%
22
Denmark
KRW 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
KRW 494
2.0%
1
USA
KRW 465
8.3%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
KRW 507
0.0%
1
Singapore
KRW 505
0.0%
2
Hong Kong
KRW 508
0.0%
3
Indonesia
KRW 463
8.8%
4
New Zealand
KRW 444
11.7%
5
India
KRW 447
12.0%
6
China
KRW 442
13.0%
7
Vietnam
KRW 432
15.0%
8
Japan
KRW 413
18.7%
9
Pakistan
KRW 508
2,400.0%
10
Thailand
KRW 483
5.0%
11
Taiwan
KRW 463
8.9%
12
South Korea
KRW 454
10.7%
13
Kazakhstan
KRW 402
20.8%
14
Philippines
KRW 208
59.1%
15
Malaysia
KRW 203
60.0%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
KRW 496
2.4%
1
Brazil
KRW 470
7.7%
2
Colombia
KRW 467
8.0%
3
Puerto Rico
KRW 479
8.1%
4
Ecuador
KRW 465
8.3%
5
Guatemala
KRW 460
9.6%
6
Costa Rica
KRW 455
10.5%
7
Panama
KRW 450
11.1%
8
Peru
KRW 444
12.5%
9
Argentina
KRW 422
17.0%
10
Chile
KRW 419
17.6%
11
Uruguay
KRW 416
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
KRW 503
1.1%
1
Angola
KRW 493
3.0%
2
Morocco
KRW 473
6.7%
3
Cameroon
KRW 429
15.6%
4
Nigeria
KRW 428
15.8%
5
Kenya
KRW 508
4,666.4%
6
Uganda
KRW 483
5.0%
7
Ghana
KRW 480
5.4%
8
Zambia
KRW 477
6.0%
9
Ivory Coast
KRW 470
7.5%
10
Senegal
KRW 508
219.9%
11
Mozambique
KRW 508
937.8%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
KRW 508
0.0%
1
Saudi Arabia
KRW 510
0.0%
2
United Arab Emirates
KRW 483
5.3%
3
Qatar
KRW 482
5.3%
4
Lebanon
KRW 472
7.0%
5
Bahrain
KRW 486
7.1%
6
Oman
KRW 475
7.1%
7
Kuwait
KRW 458
9.1%
8
Israel
KRW 443
13.2%
9
Turkey
KRW 428
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.