Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
85,714 원
Income Tax
- 1,063 원
Local Tax
- 106 원
National Pension
- 3,857 원
National Health Insurance
- 3,363 원
Employment Insurance
- 771 원
Total tax
- 9,162 원
Net pay
* 76,552 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
76,552 원
Net pay
16,392 원
Tax the employer pays
9,162 원
Tax you pay
Total tax paid
25,554 원
Did you know your employer also pays tax on your salary? It costs the employer 16,392 원 to pay you 85,714 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.
Summary
If you make 85,714 원 a year living in South Korea, you will be taxed 9,162 원. That means that your net pay will be 76,552 원 per year, or 6,379 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.
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 85706
0.0%
1
Germany
KRW 85712
0.0%
2
Austria
KRW 85712
0.0%
3
Ireland
KRW 85712
0.0%
4
Sweden
KRW 85715
0.0%
5
Norway
KRW 85715
0.0%
6
Spain
KRW 80282
6.4%
7
Italy
KRW 77844
9.2%
8
France
KRW 77395
9.7%
9
Czech Republic
KRW 76285
11.0%
10
Luxembourg
KRW 76243
11.1%
11
Russia
KRW 74571
13.0%
12
Hungary
KRW 69857
18.5%
13
Ukraine
KRW 69000
19.5%
14
Poland
KRW 67306
21.5%
15
Greece
KRW 66999
21.9%
16
Portugal
KRW 63813
25.6%
17
Finland
KRW 59355
30.8%
18
Belgium
KRW 58293
32.0%
19
Netherlands
KRW 53476
37.6%
20
Romania
KRW 50146
41.5%
21
Switzerland
KRW 40752
52.5%
22
Denmark
KRW 0
100.0%
23
Show more
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 84357
1.6%
1
USA
KRW 78285
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 85718
0.0%
1
Singapore
KRW 85717
0.0%
2
Hong Kong
KRW 85715
0.0%
3
Thailand
KRW 81428
5.0%
4
Indonesia
KRW 78171
8.8%
5
Taiwan
KRW 78127
8.9%
6
South Korea
KRW 76552
10.7%
7
New Zealand
KRW 75522
11.9%
8
India
KRW 75435
12.0%
9
China
KRW 74413
13.2%
10
Vietnam
KRW 72878
15.0%
11
Pakistan
KRW 70535
17.7%
12
Malaysia
KRW 69902
18.5%
13
Japan
KRW 69650
18.7%
14
Kazakhstan
KRW 67885
20.8%
15
Philippines
KRW 35094
59.1%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 83679
2.4%
1
Brazil
KRW 79285
7.5%
2
Puerto Rico
KRW 78890
8.0%
3
Colombia
KRW 78857
8.0%
4
Ecuador
KRW 77609
9.4%
5
Guatemala
KRW 77496
9.6%
6
Costa Rica
KRW 76714
10.5%
7
Panama
KRW 76279
11.0%
8
Peru
KRW 75000
12.5%
9
Argentina
KRW 71143
17.0%
10
Chile
KRW 70628
17.6%
11
Uruguay
KRW 70200
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 84857
1.0%
1
Angola
KRW 81963
4.4%
2
Uganda
KRW 81428
5.0%
3
Ghana
KRW 81000
5.5%
4
Zambia
KRW 80571
6.0%
5
Morocco
KRW 79937
6.7%
6
Ivory Coast
KRW 79285
7.5%
7
Senegal
KRW 76286
11.0%
8
Cameroon
KRW 72319
15.6%
9
Nigeria
KRW 71344
16.8%
10
Mozambique
KRW 62754
26.8%
11
Kenya
KRW 39926
53.4%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 85714
0.0%
1
Saudi Arabia
KRW 85713
0.0%
2
United Arab Emirates
KRW 81430
5.0%
3
Qatar
KRW 81428
5.0%
4
Lebanon
KRW 79714
7.0%
5
Bahrain
KRW 78839
8.0%
6
Oman
KRW 78869
8.0%
7
Kuwait
KRW 76306
11.0%
8
Israel
KRW 74444
13.2%
9
Turkey
KRW 72206
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.