Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
3,625 원
Income Tax
- 44.97 원
Local Tax
- 4.50 원
National Pension
- 163 원
National Health Insurance
- 142 원
Employment Insurance
- 32.63 원
Total tax
- 387 원
Net pay
* 3,238 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
3,238 원
Net pay
693 원
Tax the employer pays
387 원
Tax you pay
Total tax paid
1,081 원
Did you know your employer also pays tax on your salary? It costs the employer 693 원 to pay you 3,625 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
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Summary
If you make 87,000 원 a year living in South Korea, you will be taxed 9,299 원. That means that your net pay will be 77,701 원 per year, or 6,475 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.
Tax per income
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
11,500 원
12,000 원
12,500 원
13,000 원
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 85627
1.6%
1
USA
KRW 79454
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 84934
2.4%
1
Brazil
KRW 80474
7.5%
2
Puerto Rico
KRW 80073
8.0%
3
Colombia
KRW 80040
8.0%
4
Ecuador
KRW 78778
9.5%
5
Guatemala
KRW 78658
9.6%
6
Costa Rica
KRW 77865
10.5%
7
Panama
KRW 77432
11.0%
8
Peru
KRW 76124
12.5%
9
Argentina
KRW 72210
17.0%
10
Chile
KRW 71688
17.6%
11
Uruguay
KRW 71253
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 86130
1.0%
1
Angola
KRW 83067
4.5%
2
Uganda
KRW 82650
5.0%
3
Ghana
KRW 82215
5.5%
4
Zambia
KRW 81780
6.0%
5
Morocco
KRW 81136
6.7%
6
Ivory Coast
KRW 80475
7.5%
7
Senegal
KRW 77461
11.0%
8
Cameroon
KRW 73404
15.6%
9
Nigeria
KRW 72414
16.8%
10
Mozambique
KRW 63873
26.6%
11
Kenya
KRW 41212
52.6%
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.