Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
8,019 원
Income Tax
- 99.48 원
Local Tax
- 9.95 원
National Pension
- 361 원
National Health Insurance
- 315 원
Employment Insurance
- 72.17 원
Total tax
- 857 원
Net pay
* 7,162 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
7,162 원
Net pay
1,534 원
Tax the employer pays
857 원
Tax you pay
Total tax paid
2,391 원
Did you know your employer also pays tax on your salary? It costs the employer 1,534 원 to pay you 8,019 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
8,019 원 yearly is how much per hour?
3.86 원 hourly is how much per year?
Summary
If you make 8,019 원 a year living in South Korea, you will be taxed 857 원. That means that your net pay will be 7,162 원 per year, or 597 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
8,500 원
9,000 원
9,500 원
10,000 원
10,500 원
11,000 원
11,500 원
12,000 원
12,500 원
13,000 원
13,500 원
14,000 원
14,500 원
15,000 원
15,500 원
16,000 원
16,500 원
17,000 원
17,500 원
18,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 7885
1.6%
1
USA
KRW 7320
8.8%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 8023
0.0%
1
Singapore
KRW 8015
0.0%
2
Hong Kong
KRW 8018
0.0%
3
Thailand
KRW 7618
5.0%
4
Malaysia
KRW 7446
7.1%
5
Indonesia
KRW 7313
8.8%
6
Taiwan
KRW 7309
8.9%
7
South Korea
KRW 7162
10.7%
8
New Zealand
KRW 7065
11.9%
9
India
KRW 7060
12.0%
10
China
KRW 6962
13.2%
11
Vietnam
KRW 6818
15.0%
12
Japan
KRW 6516
18.7%
13
Kazakhstan
KRW 6351
20.8%
14
Philippines
KRW 3283
59.1%
15
Pakistan
KRW 8019
189.3%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 7829
2.4%
1
Brazil
KRW 7419
7.5%
2
Puerto Rico
KRW 7391
7.9%
3
Colombia
KRW 7377
8.0%
4
Ecuador
KRW 7264
9.5%
5
Guatemala
KRW 7250
9.6%
6
Costa Rica
KRW 7177
10.5%
7
Panama
KRW 7142
11.0%
8
Peru
KRW 7015
12.5%
9
Argentina
KRW 6656
17.0%
10
Chile
KRW 6608
17.6%
11
Uruguay
KRW 6568
18.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 8019
0.0%
1
Saudi Arabia
KRW 8019
0.0%
2
Qatar
KRW 7618
5.0%
3
United Arab Emirates
KRW 7616
5.0%
4
Lebanon
KRW 7458
7.0%
5
Bahrain
KRW 7395
7.9%
6
Oman
KRW 7386
8.2%
7
Kuwait
KRW 7145
10.9%
8
Israel
KRW 6965
13.2%
9
Turkey
KRW 6755
15.8%
10
Show more
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.