Income tax calculator South Korea
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
61 원
Income Tax
- 0.76 원
Local Tax
- 0.08 원
National Pension
- 2.75 원
National Health Insurance
- 2.39 원
Employment Insurance
- 0.55 원
Total tax
- 6.52 원
Net pay
*
54.48 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
54.48 원
Net pay
11.67 원
Tax the employer pays
6.52 원
Tax you pay
Total tax paid
18.19 원
Did you know your employer also pays tax on your salary? It costs the employer 11.67 원 to pay you 61 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
Summary
If you make 61 원 a year living in South Korea, you will be taxed 6.52 원. That means that your net pay will be 54.48 원 per year, or 4.54 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
North America
Country
Net pay
Average tax
Rank
Canada
KRW 60
0.0%
1
USA
KRW 56
0.0%
2
Latin America
Country
Net pay
Average tax
Rank
Panama
KRW 56
0.0%
1
Ecuador
KRW 56
0.0%
2
Puerto Rico
KRW 56
0.0%
3
Mexico
KRW 60
2.3%
4
Colombia
KRW 56
8.0%
5
Brazil
KRW 56
8.0%
6
Guatemala
KRW 55
9.1%
7
Costa Rica
KRW 55
10.5%
8
Peru
KRW 52
12.5%
9
Argentina
KRW 51
17.0%
10
Chile
KRW 50
17.6%
11
Uruguay
KRW 50
18.2%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
KRW 60
1.3%
1
Angola
KRW 59
3.0%
2
Morocco
KRW 57
7.0%
3
Nigeria
KRW 52
14.4%
4
Cameroon
KRW 51
15.6%
5
Kenya
KRW 61
4,662.9%
6
Uganda
KRW 58
5.0%
7
Ghana
KRW 58
5.6%
8
Zambia
KRW 57
5.9%
9
Ivory Coast
KRW 56
7.5%
10
Senegal
KRW 61
219.9%
11
Mozambique
KRW 61
937.6%
12
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Middle East
Country
Net pay
Average tax
Rank
Egypt
KRW 61
0.0%
1
Saudi Arabia
KRW 60
0.0%
2
Kuwait
KRW 46
0.0%
3
Bahrain
KRW 75
0.0%
4
Oman
KRW 73
0.0%
5
Qatar
KRW 58
6.3%
6
United Arab Emirates
KRW 57
6.3%
7
Lebanon
KRW 57
7.0%
8
Israel
KRW 53
12.5%
9
Turkey
KRW 52
15.4%
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.