Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
11,916 원
Income Tax
- 148 원
Local Tax
- 14.78 원
National Pension
- 536 원
National Health Insurance
- 468 원
Employment Insurance
- 107 원
Total tax
- 1,274 원
Net pay
* 10,642 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
10,642 원
Net pay
2,279 원
Tax the employer pays
1,274 원
Tax you pay
Total tax paid
3,552 원
Did you know your employer also pays tax on your salary? It costs the employer 2,279 원 to pay you 11,916 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
142,992 원 yearly is how much per hour?
68.75 원 hourly is how much per year?
Summary
If you make 142,992 원 a year living in South Korea, you will be taxed 15,284 원. That means that your net pay will be 127,708 원 per year, or 10,642 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 10.68 원, hence, your net pay will only increase by 89.32 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
11,500 원
12,000 원
12,500 원
13,000 원
13,500 원
14,000 원
14,500 원
15,000 원
15,500 원
16,000 원
16,500 원
17,000 원
17,500 원
18,000 원
18,500 원
19,000 원
19,500 원
20,000 원
20,500 원
21,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 140733
1.6%
1
USA
KRW 130611
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 142992
0.0%
1
Singapore
KRW 142991
0.0%
2
Hong Kong
KRW 142992
0.0%
3
Thailand
KRW 135843
5.0%
4
Indonesia
KRW 130409
8.8%
5
Taiwan
KRW 130336
8.9%
6
Pakistan
KRW 127813
10.6%
7
South Korea
KRW 127708
10.7%
8
New Zealand
KRW 125990
11.9%
9
India
KRW 125836
12.0%
10
China
KRW 124139
13.2%
11
Vietnam
KRW 121579
15.0%
12
Malaysia
KRW 119693
16.3%
13
Japan
KRW 116193
18.7%
14
Kazakhstan
KRW 113250
20.8%
15
Philippines
KRW 91364
36.1%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 139596
2.4%
1
Brazil
KRW 132269
7.5%
2
Puerto Rico
KRW 131625
8.0%
3
Colombia
KRW 131553
8.0%
4
Ecuador
KRW 129485
9.5%
5
Guatemala
KRW 129281
9.6%
6
Costa Rica
KRW 127978
10.5%
7
Panama
KRW 127268
11.0%
8
Peru
KRW 125119
12.5%
9
Argentina
KRW 118683
17.0%
10
Chile
KRW 117825
17.6%
11
Uruguay
KRW 117111
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 141562
1.0%
1
Uganda
KRW 135842
5.0%
2
Ghana
KRW 135127
5.5%
3
Zambia
KRW 134412
6.0%
4
Morocco
KRW 133354
6.7%
5
Ivory Coast
KRW 132268
7.5%
6
Angola
KRW 131113
8.3%
7
Senegal
KRW 128638
10.0%
8
Cameroon
KRW 120645
15.6%
9
Nigeria
KRW 119019
16.8%
10
Mozambique
KRW 112586
21.3%
11
Kenya
KRW 97204
32.0%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 142992
0.0%
1
Saudi Arabia
KRW 142992
0.0%
2
United Arab Emirates
KRW 135844
5.0%
3
Qatar
KRW 135843
5.0%
4
Lebanon
KRW 132822
7.1%
5
Bahrain
KRW 131536
8.0%
6
Oman
KRW 131558
8.0%
7
Kuwait
KRW 127284
11.0%
8
Israel
KRW 124189
13.2%
9
Turkey
KRW 120458
15.8%
10
Show more
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.