Income tax calculator South Korea
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
6,644,453 원
Income Tax
- 112,029 원
Local Tax
- 11,203 원
National Pension
- 299,000 원
National Health Insurance
- 260,728 원
Employment Insurance
- 59,800 원
Total tax
- 742,760 원
Net pay
*
5,901,693 원
Marginal tax rate
12.7%
Average tax rate
11.2%
88.8%
Net pay
11.2%
Total tax
Total tax
Net pay
The Taxberg
5,901,693 원
Net pay
1,270,685 원
Tax the employer pays
742,760 원
Tax you pay
Total tax paid
2,013,446 원
Did you know your employer also pays tax on your salary? It costs the employer 1,270,685 원 to pay you 6,644,453 원. In other words, every time you spend 10 원 of your hard-earned money, 3.03 원 goes to the government.
Real tax rate
25.4%
So, with you and the employer both paying tax, what used to be a 11.2% tax rate now rises to 25.4%, meaning your real tax rate is actually 14.2% higher than what it seemed at first.
Summary
If you make 6,644,453 원 a year living in South Korea, you will be taxed 742,760 원. That means that your net pay will be 5,901,693 원 per year, or 491,808 원 per month. Your average tax rate is 11.2% and your marginal tax rate is 12.7%. 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 12.66 원, hence, your net pay will only increase by 87.34 원.
Bonus Example
A 1,000 원 bonus will generate an extra 873 원 of net incomes. A 5,000 원 bonus will generate an extra 4,367 원 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
KRW 6068974
8.7%
1
Canada
KRW 5477998
17.6%
2
Latin America
Country
Net pay
Average tax
Rank
Colombia
KRW 6566835
7.5%
1
Puerto Rico
KRW 6116219
8.0%
2
Brazil
KRW 6059230
8.8%
3
Mexico
KRW 6032395
9.2%
4
Ecuador
KRW 6016550
9.5%
5
Guatemala
KRW 6007350
9.6%
6
Costa Rica
KRW 5946785
10.5%
7
Panama
KRW 5913564
11.0%
8
Peru
KRW 5813896
12.5%
9
Chile
KRW 5475029
17.6%
10
Uruguay
KRW 5308918
20.1%
11
Argentina
KRW 4342764
34.6%
12
Show more
Africa
Country
Net pay
Average tax
Rank
South Africa
KRW 6569293
1.1%
1
Morocco
KRW 6002034
9.7%
2
Cameroon
KRW 5510983
17.1%
3
Ivory Coast
KRW 5471574
17.7%
4
Kenya
KRW 5409783
18.6%
5
Mozambique
KRW 5335726
19.7%
6
Ghana
KRW 5078402
23.6%
7
Angola
KRW 5025950
24.4%
8
Zambia
KRW 4922743
25.9%
9
Senegal
KRW 4745208
28.6%
10
Uganda
KRW 4731836
28.8%
11
Nigeria
KRW 4694126
29.4%
12
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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.