Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
50 원
Income Tax
- 0.62 원
Local Tax
- 0.06 원
National Pension
- 2.25 원
National Health Insurance
- 1.96 원
Employment Insurance
- 0.45 원
Total tax
- 5.34 원
Net pay
* 44.66 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
44.66 원
Net pay
9.56 원
Tax the employer pays
5.34 원
Tax you pay
Total tax paid
14.91 원
Did you know your employer also pays tax on your salary? It costs the employer 9.56 원 to pay you 50 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
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Summary
If you make 13,000 원 a year living in South Korea, you will be taxed 1,390 원. That means that your net pay will be 11,610 원 per year, or 968 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
500 원
1,000 원
1,500 원
2,000 원
2,500 원
3,000 원
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
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 12786
1.6%
1
USA
KRW 11867
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 12691
2.4%
1
Brazil
KRW 12025
7.5%
2
Puerto Rico
KRW 11980
7.9%
3
Colombia
KRW 11960
8.0%
4
Ecuador
KRW 11769
9.4%
5
Guatemala
KRW 11753
9.6%
6
Costa Rica
KRW 11635
10.5%
7
Panama
KRW 11570
11.0%
8
Peru
KRW 11376
12.5%
9
Argentina
KRW 10790
17.0%
10
Chile
KRW 10712
17.6%
11
Uruguay
KRW 10647
18.1%
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.