Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,427 원
Income Tax
- 17.70 원
Local Tax
- 1.77 원
National Pension
- 64.22 원
National Health Insurance
- 56 원
Employment Insurance
- 12.84 원
Total tax
- 153 원
Net pay
* 1,274 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
1,274 원
Net pay
273 원
Tax the employer pays
153 원
Tax you pay
Total tax paid
425 원
Did you know your employer also pays tax on your salary? It costs the employer 273 원 to pay you 1,427 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
2,968,160 원 yearly is how much per hour?
1,427 원 hourly is how much per year?
Summary
If you make 2,968,160 원 a year living in South Korea, you will be taxed 317,255 원. That means that your net pay will be 2,650,905 원 per year, or 220,909 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
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
10,500 원
11,000 원
North America
Country 
Net pay
Average tax
Rank
USA
KRW 2711091
8.7%
1
Canada
KRW 2677733
9.8%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 2968160
0.0%
1
Singapore
KRW 2968160
0.0%
2
Hong Kong
KRW 2968160
0.0%
3
Pakistan
KRW 2950701
0.6%
4
Thailand
KRW 2819752
5.0%
5
Philippines
KRW 2789339
6.0%
6
Indonesia
KRW 2725002
8.2%
7
Taiwan
KRW 2705448
8.9%
8
South Korea
KRW 2650905
10.7%
9
Malaysia
KRW 2618196
11.8%
10
New Zealand
KRW 2615246
11.9%
11
India
KRW 2611981
12.0%
12
China
KRW 2576808
13.2%
13
Vietnam
KRW 2523678
15.0%
14
Japan
KRW 2411885
18.7%
15
Kazakhstan
KRW 2350783
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 2897666
2.4%
1
Brazil
KRW 2745549
7.5%
2
Puerto Rico
KRW 2732194
8.0%
3
Colombia
KRW 2730707
8.0%
4
Ecuador
KRW 2687666
9.5%
5
Guatemala
KRW 2683559
9.6%
6
Costa Rica
KRW 2656503
10.5%
7
Panama
KRW 2641656
11.0%
8
Peru
KRW 2597141
12.5%
9
Argentina
KRW 2463573
17.0%
10
Chile
KRW 2445764
17.6%
11
Uruguay
KRW 2430923
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 2938479
1.0%
1
Morocco
KRW 2768106
6.7%
2
Zambia
KRW 2718351
8.4%
3
Kenya
KRW 2589088
12.8%
4
Ivory Coast
KRW 2584627
12.9%
5
Cameroon
KRW 2504296
15.6%
6
Mozambique
KRW 2466078
16.9%
7
Ghana
KRW 2404210
19.0%
8
Senegal
KRW 2393987
19.3%
9
Uganda
KRW 2358446
20.5%
10
Angola
KRW 2303882
22.4%
11
Nigeria
KRW 2192636
26.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 2968160
0.0%
1
United Arab Emirates
KRW 2819753
5.0%
2
Qatar
KRW 2819752
5.0%
3
Bahrain
KRW 2730698
8.0%
4
Oman
KRW 2730723
8.0%
5
Kuwait
KRW 2641675
11.0%
6
Israel
KRW 2577845
13.2%
7
Lebanon
KRW 2469340
16.8%
8
Egypt
KRW 2338571
21.2%
9
Turkey
KRW 1994088
32.8%
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.