Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
5,540 원
Income Tax
- 68.73 원
Local Tax
- 6.87 원
National Pension
- 249 원
National Health Insurance
- 217 원
Employment Insurance
- 49.86 원
Total tax
- 592 원
Net pay
* 4,948 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
4,948 원
Net pay
1,059 원
Tax the employer pays
592 원
Tax you pay
Total tax paid
1,652 원
Did you know your employer also pays tax on your salary? It costs the employer 1,059 원 to pay you 5,540 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
5,540 원 yearly is how much per hour?
2.66 원 hourly is how much per year?
Summary
If you make 5,540 원 a year living in South Korea, you will be taxed 592 원. That means that your net pay will be 4,948 원 per year, or 412 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
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
10,500 원
11,000 원
11,500 원
12,000 원
12,500 원
13,000 원
13,500 원
14,000 원
14,500 원
15,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 5445
1.6%
1
USA
KRW 5054
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 5536
0.0%
1
Singapore
KRW 5543
0.0%
2
Hong Kong
KRW 5539
0.0%
3
Thailand
KRW 5263
5.0%
4
Indonesia
KRW 5052
8.8%
5
Taiwan
KRW 5050
8.9%
6
Malaysia
KRW 4969
10.3%
7
South Korea
KRW 4948
10.7%
8
New Zealand
KRW 4880
11.9%
9
India
KRW 4877
12.0%
10
China
KRW 4810
13.2%
11
Vietnam
KRW 4710
15.0%
12
Japan
KRW 4502
18.7%
13
Kazakhstan
KRW 4388
20.8%
14
Philippines
KRW 2268
59.1%
15
Pakistan
KRW 5540
274.0%
16
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 5485
1.0%
1
Angola
KRW 5374
3.0%
2
Uganda
KRW 5263
5.0%
3
Ghana
KRW 5235
5.5%
4
Zambia
KRW 5208
6.0%
5
Morocco
KRW 5166
6.8%
6
Ivory Coast
KRW 5125
7.5%
7
Cameroon
KRW 4674
15.6%
8
Nigeria
KRW 4611
16.8%
9
Senegal
KRW 3007
45.7%
10
Mozambique
KRW 5540
226.3%
11
Kenya
KRW 5540
826.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 5540
0.0%
1
Saudi Arabia
KRW 5539
0.0%
2
United Arab Emirates
KRW 5262
5.0%
3
Qatar
KRW 5261
5.0%
4
Lebanon
KRW 5152
7.0%
5
Oman
KRW 5082
8.0%
6
Bahrain
KRW 5079
8.1%
7
Kuwait
KRW 4947
10.7%
8
Israel
KRW 4811
13.1%
9
Turkey
KRW 4667
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.