Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
22,077 원
Income Tax
- 274 원
Local Tax
- 27.39 원
National Pension
- 993 원
National Health Insurance
- 866 원
Employment Insurance
- 199 원
Total tax
- 2,360 원
Net pay
* 19,717 원
Marginal tax rate
10.7%
Average tax rate
10.7%
89.3%
Net pay
10.7%
Total tax
Total tax
Net pay
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Summary
If you make 264,924 원 a year living in South Korea, you will be taxed 28,317 원. That means that your net pay will be 236,607 원 per year, or 19,717 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
22,500 원
23,000 원
23,500 원
24,000 원
24,500 원
25,000 원
25,500 원
26,000 원
26,500 원
27,000 원
27,500 원
28,000 원
28,500 원
29,000 원
29,500 원
30,000 원
30,500 원
31,000 원
31,500 원
32,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 260734
1.6%
1
USA
KRW 241979
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 264927
0.0%
1
Singapore
KRW 264923
0.0%
2
Hong Kong
KRW 264923
0.0%
3
Thailand
KRW 251678
5.0%
4
Pakistan
KRW 249745
5.7%
5
Indonesia
KRW 241611
8.8%
6
Taiwan
KRW 241476
8.9%
7
South Korea
KRW 236607
10.7%
8
New Zealand
KRW 233422
11.9%
9
India
KRW 233133
12.0%
10
China
KRW 229994
13.2%
11
Malaysia
KRW 227392
14.2%
12
Vietnam
KRW 225252
15.0%
13
Japan
KRW 215274
18.7%
14
Philippines
KRW 212078
20.0%
15
Kazakhstan
KRW 209820
20.8%
16
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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.