Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
111,500 원
Income Tax
- 1,383 원
Local Tax
- 138 원
National Pension
- 5,018 원
National Health Insurance
- 4,375 원
Employment Insurance
- 1,004 원
Total tax
- 11,918 원
Net pay
* 99,582 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
99,582 원
Net pay
21,323 원
Tax the employer pays
11,918 원
Tax you pay
Total tax paid
33,241 원
Did you know your employer also pays tax on your salary? It costs the employer 21,323 원 to pay you 111,500 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
1,338,000 원 yearly is how much per hour?
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Summary
If you make 1,338,000 원 a year living in South Korea, you will be taxed 143,014 원. That means that your net pay will be 1,194,986 원 per year, or 99,582 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.
Tax per income
111,500 원
112,000 원
112,500 원
113,000 원
113,500 원
114,000 원
114,500 원
115,000 원
115,500 원
116,000 원
116,500 원
117,000 원
117,500 원
118,000 원
118,500 원
119,000 원
119,500 원
120,000 원
120,500 원
121,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 1283161
4.1%
1
USA
KRW 1222112
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 1338002
0.0%
1
Singapore
KRW 1337996
0.0%
2
Hong Kong
KRW 1337999
0.0%
3
Pakistan
KRW 1322821
1.1%
4
Thailand
KRW 1271100
5.0%
5
Philippines
KRW 1227490
8.3%
6
Indonesia
KRW 1223261
8.6%
7
Taiwan
KRW 1219574
8.9%
8
South Korea
KRW 1194986
10.7%
9
New Zealand
KRW 1178912
11.9%
10
India
KRW 1177440
12.0%
11
Malaysia
KRW 1173445
12.3%
12
China
KRW 1161584
13.2%
13
Vietnam
KRW 1137634
15.0%
14
Japan
KRW 1087240
18.7%
15
Kazakhstan
KRW 1059696
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 1306222
2.4%
1
Brazil
KRW 1237650
7.5%
2
Puerto Rico
KRW 1231628
8.0%
3
Colombia
KRW 1230960
8.0%
4
Ecuador
KRW 1211554
9.5%
5
Guatemala
KRW 1209706
9.6%
6
Costa Rica
KRW 1197510
10.5%
7
Panama
KRW 1190819
11.0%
8
Peru
KRW 1170752
12.5%
9
Argentina
KRW 1110540
17.0%
10
Chile
KRW 1102512
17.6%
11
Uruguay
KRW 1095822
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 1324620
1.0%
1
Zambia
KRW 1257720
6.0%
2
Morocco
KRW 1247819
6.7%
3
Uganda
KRW 1239630
7.4%
4
Ivory Coast
KRW 1216249
9.1%
5
Senegal
KRW 1180578
11.8%
6
Kenya
KRW 1167902
12.7%
7
Ghana
KRW 1133297
15.3%
8
Mozambique
KRW 1131606
15.4%
9
Cameroon
KRW 1128897
15.6%
10
Angola
KRW 1057865
20.9%
11
Nigeria
KRW 1037125
22.5%
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.