Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
594 원
Income Tax
- 7.37 원
Local Tax
- 0.74 원
National Pension
- 26.73 원
National Health Insurance
- 23.31 원
Employment Insurance
- 5.35 원
Total tax
- 63.49 원
Net pay
* 531 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
531 원
Net pay
114 원
Tax the employer pays
63.49 원
Tax you pay
Total tax paid
177 원
Did you know your employer also pays tax on your salary? It costs the employer 114 원 to pay you 594 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
594 원 yearly is how much per hour?
0.29 원 hourly is how much per year?
Summary
If you make 594 원 a year living in South Korea, you will be taxed 63.49 원. That means that your net pay will be 531 원 per year, or 44.21 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
500 원
1,000 원
1,500 원
2,000 원
2,500 원
3,000 원
3,500 원
4,000 원
4,500 원
5,000 원
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
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 585
1.7%
1
USA
KRW 535
9.5%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 580
2.4%
1
Puerto Rico
KRW 549
7.1%
2
Brazil
KRW 550
7.4%
3
Colombia
KRW 546
8.0%
4
Guatemala
KRW 537
9.5%
5
Ecuador
KRW 535
9.5%
6
Costa Rica
KRW 532
10.5%
7
Panama
KRW 534
11.6%
8
Peru
KRW 519
12.6%
9
Argentina
KRW 493
17.0%
10
Chile
KRW 489
17.6%
11
Uruguay
KRW 487
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 588
1.1%
1
Angola
KRW 576
3.0%
2
Morocco
KRW 554
6.7%
3
Cameroon
KRW 501
15.6%
4
Nigeria
KRW 499
15.9%
5
Kenya
KRW 594
4,667.2%
6
Uganda
KRW 564
5.0%
7
Ghana
KRW 562
5.5%
8
Zambia
KRW 558
6.0%
9
Ivory Coast
KRW 549
7.5%
10
Senegal
KRW 594
219.9%
11
Mozambique
KRW 594
938.0%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 594
0.0%
1
Saudi Arabia
KRW 596
0.0%
2
United Arab Emirates
KRW 563
5.2%
3
Qatar
KRW 563
5.2%
4
Bahrain
KRW 560
6.3%
5
Oman
KRW 548
6.3%
6
Lebanon
KRW 552
7.0%
7
Kuwait
KRW 550
7.7%
8
Israel
KRW 514
13.3%
9
Turkey
KRW 500
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.