Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
60,000 원
Income Tax
- 1,513 원
Local Tax
- 151 원
National Pension
- 2,700 원
National Health Insurance
- 2,354 원
Employment Insurance
- 540 원
Total tax
- 7,258 원
Net pay
* 52,742 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
52,742 원
Net pay
11,474 원
Tax the employer pays
7,258 원
Tax you pay
Total tax paid
18,733 원
Did you know your employer also pays tax on your salary? It costs the employer 11,474 원 to pay you 60,000 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
15,600,000 원 yearly is how much per hour?
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Summary
If you make 15,600,000 원 a year living in South Korea, you will be taxed 1,887,204 원. That means that your net pay will be 13,712,796 원 per year, or 1,142,733 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 14.31 원, hence, your net pay will only increase by 85.69 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 4,285 원 of net incomes.
Tax per income
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
69,500 원
70,000 원
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 15600000
0.0%
1
Hong Kong
KRW 15169513
2.8%
2
Thailand
KRW 14622546
6.3%
3
Taiwan
KRW 14219244
8.9%
4
Pakistan
KRW 14058624
9.9%
5
South Korea
KRW 13712796
12.1%
6
Malaysia
KRW 13604364
12.8%
7
New Zealand
KRW 13473503
13.6%
8
Indonesia
KRW 13387714
14.2%
9
Philippines
KRW 13115070
15.9%
10
Japan
KRW 12676340
18.7%
11
Singapore
KRW 12480712
20.0%
12
Kazakhstan
KRW 12355200
20.8%
13
Vietnam
KRW 12269152
21.4%
14
India
KRW 12001198
23.1%
15
China
KRW 11091141
28.9%
16
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 13916023
10.8%
1
Morocco
KRW 12198779
21.8%
2
Mozambique
KRW 12006653
23.0%
3
Ivory Coast
KRW 11741672
24.7%
4
Kenya
KRW 11631674
25.4%
5
Angola
KRW 11588781
25.7%
6
Ghana
KRW 11425645
26.8%
7
Cameroon
KRW 11357413
27.2%
8
Nigeria
KRW 10785689
30.9%
9
Uganda
KRW 10552942
32.4%
10
Senegal
KRW 10510109
32.6%
11
Zambia
KRW 10004155
35.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
KRW 14820001
5.0%
1
Qatar
KRW 14820001
5.0%
2
Bahrain
KRW 14351990
8.0%
3
Oman
KRW 14351993
8.0%
4
Saudi Arabia
KRW 14039999
10.0%
5
Kuwait
KRW 13884001
11.0%
6
Israel
KRW 13548599
13.2%
7
Egypt
KRW 12088102
22.5%
8
Lebanon
KRW 11965786
23.3%
9
Turkey
KRW 8922558
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.