Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
57,460 원
Income Tax
- 713 원
Local Tax
- 71.28 원
National Pension
- 2,586 원
National Health Insurance
- 2,255 원
Employment Insurance
- 517 원
Total tax
- 6,142 원
Net pay
* 51,318 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
51,318 원
Net pay
10,989 원
Tax the employer pays
6,142 원
Tax you pay
Total tax paid
17,130 원
Did you know your employer also pays tax on your salary? It costs the employer 10,989 원 to pay you 57,460 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
57,460 원 yearly is how much per hour?
27.63 원 hourly is how much per year?
Summary
If you make 57,460 원 a year living in South Korea, you will be taxed 6,142 원. That means that your net pay will be 51,318 원 per year, or 4,277 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
57,500 원
58,000 원
58,500 원
59,000 원
59,500 원
60,000 원
60,500 원
61,000 원
61,500 원
62,000 원
62,500 원
63,000 원
63,500 원
64,000 원
64,500 원
65,000 원
65,500 원
66,000 원
66,500 원
67,000 원
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 57456
0.0%
1
Germany
KRW 57455
0.0%
2
Austria
KRW 57455
0.0%
3
Ireland
KRW 57455
0.0%
4
Sweden
KRW 57460
0.0%
5
Norway
KRW 57460
0.0%
6
Spain
KRW 53820
6.4%
7
Italy
KRW 52175
9.2%
8
France
KRW 51891
9.7%
9
Czech Republic
KRW 51139
11.0%
10
Luxembourg
KRW 51113
11.1%
11
Russia
KRW 49990
13.0%
12
Hungary
KRW 46830
18.5%
13
Ukraine
KRW 46255
19.5%
14
Poland
KRW 45118
21.5%
15
Greece
KRW 44905
21.8%
16
Portugal
KRW 42781
25.5%
17
Finland
KRW 39789
30.8%
18
Belgium
KRW 39071
32.0%
19
Netherlands
KRW 35392
38.4%
20
Romania
KRW 33615
41.5%
21
Switzerland
KRW 15025
73.9%
22
Denmark
KRW 0
100.0%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 56547
1.6%
1
USA
KRW 52481
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 56095
2.4%
1
Brazil
KRW 53150
7.5%
2
Puerto Rico
KRW 52889
8.0%
3
Colombia
KRW 52863
8.0%
4
Ecuador
KRW 52031
9.5%
5
Guatemala
KRW 51951
9.6%
6
Costa Rica
KRW 51427
10.5%
7
Panama
KRW 51143
11.0%
8
Peru
KRW 50276
12.5%
9
Argentina
KRW 47692
17.0%
10
Chile
KRW 47347
17.6%
11
Uruguay
KRW 47060
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 56885
1.0%
1
Angola
KRW 55736
3.0%
2
Uganda
KRW 54587
5.0%
3
Ghana
KRW 54300
5.5%
4
Zambia
KRW 54012
6.0%
5
Morocco
KRW 53587
6.7%
6
Ivory Coast
KRW 53150
7.5%
7
Senegal
KRW 50462
12.2%
8
Cameroon
KRW 48480
15.6%
9
Nigeria
KRW 47827
16.8%
10
Mozambique
KRW 38173
33.6%
11
Kenya
KRW 11672
79.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 57460
0.0%
1
Saudi Arabia
KRW 57458
0.0%
2
United Arab Emirates
KRW 54586
5.0%
3
Qatar
KRW 54589
5.0%
4
Lebanon
KRW 53438
7.0%
5
Bahrain
KRW 52846
8.0%
6
Oman
KRW 52872
8.0%
7
Kuwait
KRW 51161
11.0%
8
Israel
KRW 49903
13.2%
9
Turkey
KRW 48405
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.