Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
17,491 원
Income Tax
- 217 원
Local Tax
- 21.70 원
National Pension
- 787 원
National Health Insurance
- 686 원
Employment Insurance
- 157 원
Total tax
- 1,870 원
Net pay
* 15,621 원
Marginal tax rate
10.7%
Average tax rate
10.7%
89.3%
Net pay
10.7%
Total tax
Total tax
Net pay
Summary
If you make 419,784 원 a year living in South Korea, you will be taxed 44,869 원. That means that your net pay will be 374,915 원 per year, or 31,243 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.
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 419783
0.0%
1
Singapore
KRW 419779
0.0%
2
Hong Kong
KRW 419784
0.0%
3
Pakistan
KRW 404605
3.6%
4
Thailand
KRW 398795
5.0%
5
Indonesia
KRW 382843
8.8%
6
Taiwan
KRW 382629
8.9%
7
South Korea
KRW 374915
10.7%
8
New Zealand
KRW 369876
11.9%
9
India
KRW 369410
12.0%
10
China
KRW 364435
13.2%
11
Malaysia
KRW 361613
13.9%
12
Philippines
KRW 359565
14.4%
13
Vietnam
KRW 356921
15.0%
14
Japan
KRW 341111
18.7%
15
Kazakhstan
KRW 332469
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 409814
2.4%
1
Brazil
KRW 388301
7.5%
2
Puerto Rico
KRW 386414
8.0%
3
Colombia
KRW 386201
8.0%
4
Ecuador
KRW 380121
9.5%
5
Guatemala
KRW 379533
9.6%
6
Costa Rica
KRW 375707
10.5%
7
Panama
KRW 373608
11.0%
8
Peru
KRW 367312
12.5%
9
Argentina
KRW 348421
17.0%
10
Chile
KRW 345902
17.6%
11
Uruguay
KRW 343803
18.1%
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.