Income tax calculator South Korea
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
587 원
Income Tax
- 7.28 원
Local Tax
- 0.73 원
National Pension
- 26.42 원
National Health Insurance
- 23.03 원
Employment Insurance
- 5.28 원
Total tax
- 62.74 원
Net pay
*
524 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
524 원
Net pay
112 원
Tax the employer pays
62.74 원
Tax you pay
Total tax paid
175 원
Did you know your employer also pays tax on your salary? It costs the employer 112 원 to pay you 587 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 587 원 a year living in South Korea, you will be taxed 62.74 원. That means that your net pay will be 524 원 per year, or 43.69 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 596
0.0%
1
Germany
KRW 583
0.0%
2
Austria
KRW 583
0.0%
3
Ireland
KRW 583
0.0%
4
Netherlands
KRW 583
0.0%
5
Sweden
KRW 587
0.0%
6
Norway
KRW 587
0.0%
7
France
KRW 524
10.2%
8
Italy
KRW 524
10.2%
9
Switzerland
KRW 590
2,386.5%
10
Spain
KRW 553
5.1%
11
Luxembourg
KRW 524
10.3%
12
Czech Republic
KRW 522
11.0%
13
Russia
KRW 511
13.0%
14
Hungary
KRW 478
18.5%
15
Ukraine
KRW 472
19.5%
16
Poland
KRW 460
21.6%
17
Greece
KRW 464
22.5%
18
Portugal
KRW 434
25.6%
19
Finland
KRW 404
30.8%
20
Belgium
KRW 404
32.5%
21
Romania
KRW 328
44.0%
22
Denmark
KRW 0
100.0%
23
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North America
Country
Net pay
Average tax
Rank
Canada
KRW 575
1.7%
1
USA
KRW 535
9.5%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Australia
KRW 590
0.0%
1
Singapore
KRW 589
0.0%
2
Hong Kong
KRW 586
0.0%
3
Indonesia
KRW 535
8.8%
4
New Zealand
KRW 519
11.4%
5
India
KRW 517
12.0%
6
China
KRW 510
13.3%
7
Vietnam
KRW 499
15.0%
8
Japan
KRW 477
18.7%
9
Pakistan
KRW 587
2,399.9%
10
Thailand
KRW 557
5.0%
11
Taiwan
KRW 535
8.9%
12
South Korea
KRW 524
10.7%
13
Kazakhstan
KRW 465
20.8%
14
Philippines
KRW 240
59.0%
15
Malaysia
KRW 235
60.0%
16
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Latin America
Country
Net pay
Average tax
Rank
Mexico
KRW 573
2.3%
1
Puerto Rico
KRW 549
7.1%
2
Brazil
KRW 543
7.5%
3
Colombia
KRW 540
8.0%
4
Ecuador
KRW 535
9.5%
5
Guatemala
KRW 531
9.6%
6
Costa Rica
KRW 525
10.5%
7
Panama
KRW 520
11.9%
8
Peru
KRW 515
12.7%
9
Argentina
KRW 487
17.0%
10
Chile
KRW 484
17.6%
11
Uruguay
KRW 481
18.1%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
KRW 581
1.1%
1
Angola
KRW 569
3.0%
2
Morocco
KRW 547
6.8%
3
Cameroon
KRW 495
15.6%
4
Nigeria
KRW 494
15.9%
5
Kenya
KRW 587
4,667.0%
6
Uganda
KRW 558
5.0%
7
Ghana
KRW 555
5.6%
8
Zambia
KRW 552
6.0%
9
Ivory Coast
KRW 543
7.5%
10
Senegal
KRW 587
219.9%
11
Mozambique
KRW 587
938.0%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
KRW 587
0.0%
1
Saudi Arabia
KRW 588
0.0%
2
United Arab Emirates
KRW 556
5.2%
3
Qatar
KRW 559
5.2%
4
Oman
KRW 548
6.3%
5
Bahrain
KRW 523
6.7%
6
Lebanon
KRW 546
7.0%
7
Kuwait
KRW 504
8.3%
8
Israel
KRW 510
13.4%
9
Turkey
KRW 495
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.