Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
1,271 원
Income Tax
- 15.77 원
Local Tax
- 1.58 원
National Pension
- 57.20 원
National Health Insurance
- 49.87 원
Employment Insurance
- 11.44 원
Total tax
- 136 원
Net pay
* 1,135 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
1,135 원
Net pay
243 원
Tax the employer pays
136 원
Tax you pay
Total tax paid
379 원
Did you know your employer also pays tax on your salary? It costs the employer 243 원 to pay you 1,271 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
30,504 원 yearly is how much per hour?
14.67 원 hourly is how much per year?
Summary
If you make 30,504 원 a year living in South Korea, you will be taxed 3,260 원. That means that your net pay will be 27,244 원 per year, or 2,270 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
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
Canada
KRW 30018
1.6%
1
USA
KRW 27859
8.7%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 30199
1.0%
1
Angola
KRW 29589
3.0%
2
Uganda
KRW 28979
5.0%
3
Ghana
KRW 28827
5.5%
4
Zambia
KRW 28674
6.0%
5
Morocco
KRW 28448
6.7%
6
Ivory Coast
KRW 28216
7.5%
7
Senegal
KRW 25824
15.3%
8
Cameroon
KRW 25737
15.6%
9
Nigeria
KRW 25390
16.8%
10
Mozambique
KRW 14722
51.7%
11
Kenya
KRW 30504
150.1%
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.