Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
59,504 원
Income Tax
- 1,490 원
Local Tax
- 149 원
National Pension
- 2,678 원
National Health Insurance
- 2,335 원
Employment Insurance
- 536 원
Total tax
- 7,187 원
Net pay
* 52,317 원
Marginal tax rate
14.3%
Average tax rate
12.1%
87.9%
Net pay
12.1%
Total tax
Total tax
Net pay
The Taxberg
52,317 원
Net pay
11,380 원
Tax the employer pays
7,187 원
Tax you pay
Total tax paid
18,567 원
Did you know your employer also pays tax on your salary? It costs the employer 11,380 원 to pay you 59,504 원. In other words, every time you spend 10 원 of your hard-earned money, 3.12 원 goes to the government.
Real tax rate
26.2%
So, with you and the employer both paying tax, what used to be a 12.1% tax rate now rises to 26.2%, meaning your real tax rate is actually 14.1% higher than what it seemed at first.
People also ask
15,471,040 원 yearly is how much per hour?
7,438 원 hourly is how much per year?
Summary
If you make 15,471,040 원 a year living in South Korea, you will be taxed 1,868,739 원. That means that your net pay will be 13,602,301 원 per year, or 1,133,525 원 per month. Your average tax rate is 12.1% and your marginal tax rate is 14.3%. 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 14.32 원, hence, your net pay will only increase by 85.68 원.
Bonus Example
A 1,000 원 bonus will generate an extra 857 원 of net incomes. A 5,000 원 bonus will generate an extra 4,284 원 of net incomes.
Compare average tax
Tax per income
59,500 원
60,000 원
60,500 원
61,000 원
61,500 원
62,000 원
62,500 원
63,000 원
63,500 원
64,000 원
64,500 원
65,000 원
65,500 원
66,000 원
66,500 원
67,000 원
67,500 원
68,000 원
68,500 원
69,000 원
North America
Country 
Net pay
Average tax
Rank
USA
KRW 13962382
9.8%
1
Canada
KRW 11824119
23.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 15471036
0.0%
1
Hong Kong
KRW 15136199
2.2%
2
Thailand
KRW 14506482
6.2%
3
Taiwan
KRW 14101698
8.9%
4
Pakistan
KRW 13955456
9.8%
5
South Korea
KRW 13602301
12.1%
6
Malaysia
KRW 13511306
12.7%
7
New Zealand
KRW 13368909
13.6%
8
Indonesia
KRW 13281387
14.2%
9
Philippines
KRW 13018349
15.9%
10
Japan
KRW 12571549
18.7%
11
Singapore
KRW 12378060
20.0%
12
Kazakhstan
KRW 12253064
20.8%
13
Vietnam
KRW 12176817
21.3%
14
India
KRW 11914537
23.0%
15
China
KRW 11001191
28.9%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
KRW 14249493
7.9%
1
Colombia
KRW 14216498
8.1%
2
Ecuador
KRW 14009020
9.5%
3
Guatemala
KRW 13987598
9.6%
4
Costa Rica
KRW 13846581
10.5%
5
Panama
KRW 13769225
11.0%
6
Mexico
KRW 12956318
16.3%
7
Chile
KRW 12748137
17.6%
8
Brazil
KRW 12538295
19.0%
9
Uruguay
KRW 12361361
20.1%
10
Peru
KRW 12157188
21.4%
11
Argentina
KRW 10046396
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 13811565
10.7%
1
Morocco
KRW 12115589
21.7%
2
Mozambique
KRW 11913802
23.0%
3
Ivory Coast
KRW 11652822
24.7%
4
Kenya
KRW 11541402
25.4%
5
Angola
KRW 11494818
25.7%
6
Ghana
KRW 11334246
26.7%
7
Cameroon
KRW 11282227
27.1%
8
Nigeria
KRW 10697971
30.9%
9
Uganda
KRW 10469118
32.3%
10
Senegal
KRW 10426560
32.6%
11
Zambia
KRW 9924844
35.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
KRW 14697487
5.0%
1
Qatar
KRW 14697489
5.0%
2
Bahrain
KRW 14233338
8.0%
3
Oman
KRW 14233342
8.0%
4
Saudi Arabia
KRW 13923936
10.0%
5
Kuwait
KRW 13769221
11.0%
6
Israel
KRW 13436600
13.2%
7
Egypt
KRW 11991382
22.5%
8
Lebanon
KRW 11869066
23.3%
9
Turkey
KRW 8857767
42.8%
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.