Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
51,250 원
Income Tax
- 636 원
Local Tax
- 63.58 원
National Pension
- 2,306 원
National Health Insurance
- 2,011 원
Employment Insurance
- 461 원
Total tax
- 5,478 원
Net pay
* 45,772 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
45,772 원
Net pay
9,801 원
Tax the employer pays
5,478 원
Tax you pay
Total tax paid
15,279 원
Did you know your employer also pays tax on your salary? It costs the employer 9,801 원 to pay you 51,250 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 51,250 원 a year living in South Korea, you will be taxed 5,478 원. That means that your net pay will be 45,772 원 per year, or 3,814 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 10.68 원, hence, your net pay will only increase by 89.32 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.
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 50437
1.6%
1
USA
KRW 46808
8.7%
2
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 51250
0.0%
1
Saudi Arabia
KRW 51249
0.0%
2
United Arab Emirates
KRW 48687
5.0%
3
Qatar
KRW 48687
5.0%
4
Lebanon
KRW 47663
7.0%
5
Oman
KRW 47168
8.0%
6
Bahrain
KRW 47132
8.0%
7
Kuwait
KRW 45619
11.0%
8
Israel
KRW 44510
13.2%
9
Turkey
KRW 43174
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.