Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
79,008 원
Income Tax
- 980 원
Local Tax
- 98.01 원
National Pension
- 3,555 원
National Health Insurance
- 3,100 원
Employment Insurance
- 711 원
Total tax
- 8,445 원
Net pay
* 70,563 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
70,563 원
Net pay
15,109 원
Tax the employer pays
8,445 원
Tax you pay
Total tax paid
23,554 원
Did you know your employer also pays tax on your salary? It costs the employer 15,109 원 to pay you 79,008 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
79,008 원 yearly is how much per hour?
37.98 원 hourly is how much per year?
Summary
If you make 79,008 원 a year living in South Korea, you will be taxed 8,445 원. That means that your net pay will be 70,563 원 per year, or 5,880 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.
Tax per income
79,500 원
80,000 원
80,500 원
81,000 원
81,500 원
82,000 원
82,500 원
83,000 원
83,500 원
84,000 원
84,500 원
85,000 원
85,500 원
86,000 원
86,500 원
87,000 원
87,500 원
88,000 원
88,500 원
89,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 77752
1.6%
1
USA
KRW 72147
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 79012
0.0%
1
Singapore
KRW 79006
0.0%
2
Hong Kong
KRW 79008
0.0%
3
Thailand
KRW 75057
5.0%
4
Indonesia
KRW 72055
8.8%
5
Taiwan
KRW 72015
8.9%
6
South Korea
KRW 70563
10.7%
7
New Zealand
KRW 69612
11.9%
8
India
KRW 69532
12.0%
9
China
KRW 68592
13.2%
10
Vietnam
KRW 67177
15.0%
11
Malaysia
KRW 64804
18.0%
12
Japan
KRW 64201
18.7%
13
Pakistan
KRW 63829
19.2%
14
Kazakhstan
KRW 62574
20.8%
15
Philippines
KRW 32348
59.1%
16
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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.