Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
3,048 원
Income Tax
- 37.81 원
Local Tax
- 3.78 원
National Pension
- 137 원
National Health Insurance
- 120 원
Employment Insurance
- 27.43 원
Total tax
- 326 원
Net pay
* 2,722 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
2,722 원
Net pay
583 원
Tax the employer pays
326 원
Tax you pay
Total tax paid
909 원
Did you know your employer also pays tax on your salary? It costs the employer 583 원 to pay you 3,048 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
792,480 원 yearly is how much per hour?
381 원 hourly is how much per year?
Summary
If you make 792,480 원 a year living in South Korea, you will be taxed 84,705 원. That means that your net pay will be 707,775 원 per year, or 58,981 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
3,500 원
4,000 원
4,500 원
5,000 원
5,500 원
6,000 원
6,500 원
7,000 원
7,500 원
8,000 원
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
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 779954
1.6%
1
USA
KRW 723838
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 792480
0.0%
1
Singapore
KRW 792477
0.0%
2
Hong Kong
KRW 792480
0.0%
3
Pakistan
KRW 777301
1.9%
4
Thailand
KRW 752856
5.0%
5
Indonesia
KRW 722742
8.8%
6
Taiwan
KRW 722338
8.9%
7
South Korea
KRW 707775
10.7%
8
Philippines
KRW 705836
10.9%
9
New Zealand
KRW 698257
11.9%
10
India
KRW 697382
12.0%
11
Malaysia
KRW 692104
12.7%
12
China
KRW 687992
13.2%
13
Vietnam
KRW 673806
15.0%
14
Japan
KRW 643958
18.7%
15
Kazakhstan
KRW 627644
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 773658
2.4%
1
Brazil
KRW 733043
7.5%
2
Puerto Rico
KRW 729483
8.0%
3
Colombia
KRW 729082
8.0%
4
Ecuador
KRW 717588
9.5%
5
Guatemala
KRW 716493
9.6%
6
Costa Rica
KRW 709270
10.5%
7
Panama
KRW 705308
11.0%
8
Peru
KRW 693420
12.5%
9
Argentina
KRW 657758
17.0%
10
Chile
KRW 653004
17.6%
11
Uruguay
KRW 649041
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 784555
1.0%
1
Uganda
KRW 750173
5.3%
2
Zambia
KRW 744931
6.0%
3
Morocco
KRW 739067
6.7%
4
Ivory Coast
KRW 733044
7.5%
5
Senegal
KRW 722270
8.9%
6
Ghana
KRW 707995
10.7%
7
Kenya
KRW 700100
11.7%
8
Mozambique
KRW 677184
14.6%
9
Cameroon
KRW 668631
15.6%
10
Angola
KRW 634236
20.0%
11
Nigeria
KRW 633093
20.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 792479
0.0%
1
United Arab Emirates
KRW 752856
5.0%
2
Qatar
KRW 752857
5.0%
3
Bahrain
KRW 729087
8.0%
4
Oman
KRW 729090
8.0%
5
Lebanon
KRW 706331
10.9%
6
Kuwait
KRW 705305
11.0%
7
Egypt
KRW 696982
12.1%
8
Israel
KRW 688271
13.2%
9
Turkey
KRW 667593
15.8%
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.