Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
28,500 원
Income Tax
- 354 원
Local Tax
- 35.36 원
National Pension
- 1,283 원
National Health Insurance
- 1,118 원
Employment Insurance
- 257 원
Total tax
- 3,046 원
Net pay
* 25,454 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
25,454 원
Net pay
5,450 원
Tax the employer pays
3,046 원
Tax you pay
Total tax paid
8,497 원
Did you know your employer also pays tax on your salary? It costs the employer 5,450 원 to pay you 28,500 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
342,000 원 yearly is how much per hour?
164 원 hourly is how much per year?
Summary
If you make 342,000 원 a year living in South Korea, you will be taxed 36,555 원. That means that your net pay will be 305,445 원 per year, or 25,454 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
28,500 원
29,000 원
29,500 원
30,000 원
30,500 원
31,000 원
31,500 원
32,000 원
32,500 원
33,000 원
33,500 원
34,000 원
34,500 원
35,000 원
35,500 원
36,000 원
36,500 원
37,000 원
37,500 원
38,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 336601
1.6%
1
USA
KRW 312380
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 341996
0.0%
1
Singapore
KRW 342004
0.0%
2
Hong Kong
KRW 341999
0.0%
3
Pakistan
KRW 326821
4.4%
4
Thailand
KRW 324900
5.0%
5
Indonesia
KRW 311904
8.8%
6
Taiwan
KRW 311729
8.9%
7
South Korea
KRW 305445
10.7%
8
New Zealand
KRW 301335
11.9%
9
India
KRW 300960
12.0%
10
China
KRW 296908
13.2%
11
Malaysia
KRW 293605
14.2%
12
Vietnam
KRW 290786
15.0%
13
Philippines
KRW 288383
15.7%
14
Japan
KRW 277904
18.7%
15
Kazakhstan
KRW 270864
20.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 333877
2.4%
1
Brazil
KRW 316349
7.5%
2
Puerto Rico
KRW 314816
8.0%
3
Colombia
KRW 314640
8.0%
4
Ecuador
KRW 309677
9.5%
5
Guatemala
KRW 309206
9.6%
6
Costa Rica
KRW 306090
10.5%
7
Panama
KRW 304386
11.0%
8
Peru
KRW 299249
12.5%
9
Argentina
KRW 283860
17.0%
10
Chile
KRW 281808
17.6%
11
Uruguay
KRW 280098
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 338580
1.0%
1
Uganda
KRW 324900
5.0%
2
Ghana
KRW 323190
5.5%
3
Zambia
KRW 321480
6.0%
4
Morocco
KRW 318949
6.7%
5
Ivory Coast
KRW 316350
7.5%
6
Senegal
KRW 310531
9.2%
7
Kenya
KRW 293778
14.1%
8
Angola
KRW 291139
14.9%
9
Cameroon
KRW 288552
15.6%
10
Mozambique
KRW 285723
16.5%
11
Nigeria
KRW 281550
17.7%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 342000
0.0%
1
Saudi Arabia
KRW 341999
0.0%
2
United Arab Emirates
KRW 324897
5.0%
3
Qatar
KRW 324901
5.0%
4
Bahrain
KRW 314648
8.0%
5
Oman
KRW 314635
8.0%
6
Lebanon
KRW 312039
8.8%
7
Kuwait
KRW 304400
11.0%
8
Israel
KRW 297028
13.2%
9
Turkey
KRW 288104
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.