Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
20,885 원
Income Tax
- 259 원
Local Tax
- 25.91 원
National Pension
- 940 원
National Health Insurance
- 820 원
Employment Insurance
- 188 원
Total tax
- 2,232 원
Net pay
* 18,653 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
18,653 원
Net pay
3,994 원
Tax the employer pays
2,232 원
Tax you pay
Total tax paid
6,226 원
Did you know your employer also pays tax on your salary? It costs the employer 3,994 원 to pay you 20,885 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
1,086,020 원 yearly is how much per hour?
522 원 hourly is how much per year?
Summary
If you make 1,086,020 원 a year living in South Korea, you will be taxed 116,081 원. That means that your net pay will be 969,939 원 per year, or 80,828 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
20,500 원
21,000 원
21,500 원
22,000 원
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
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 1086022
0.0%
1
Germany
KRW 1086025
0.0%
2
Austria
KRW 1086025
0.0%
3
Ireland
KRW 1086025
0.0%
4
Sweden
KRW 1086020
0.0%
5
Norway
KRW 1086019
0.0%
6
Spain
KRW 1017051
6.4%
7
Italy
KRW 986222
9.2%
8
France
KRW 980688
9.7%
9
Switzerland
KRW 973959
10.3%
10
Czech Republic
KRW 966558
11.0%
11
Luxembourg
KRW 966013
11.1%
12
Russia
KRW 944837
13.0%
13
Hungary
KRW 885106
18.5%
14
Ukraine
KRW 874246
19.5%
15
Poland
KRW 852786
21.5%
16
Greece
KRW 848739
21.9%
17
Portugal
KRW 808546
25.6%
18
Finland
KRW 752063
30.8%
19
Belgium
KRW 738496
32.0%
20
Netherlands
KRW 683644
37.1%
21
Denmark
KRW 645487
40.6%
22
Romania
KRW 635322
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 1060925
2.3%
1
USA
KRW 991958
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 1086016
0.0%
1
Singapore
KRW 1086022
0.0%
2
Hong Kong
KRW 1086020
0.0%
3
Pakistan
KRW 1070841
1.4%
4
Thailand
KRW 1031719
5.0%
5
Indonesia
KRW 991235
8.7%
6
Taiwan
KRW 989897
8.9%
7
Philippines
KRW 987623
9.1%
8
South Korea
KRW 969939
10.7%
9
New Zealand
KRW 956892
11.9%
10
India
KRW 955698
12.0%
11
Malaysia
KRW 951414
12.4%
12
China
KRW 942829
13.2%
13
Vietnam
KRW 923389
15.0%
14
Japan
KRW 882484
18.7%
15
Kazakhstan
KRW 860128
20.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 1060227
2.4%
1
Brazil
KRW 1004569
7.5%
2
Puerto Rico
KRW 999687
8.0%
3
Colombia
KRW 999138
8.0%
4
Ecuador
KRW 983385
9.5%
5
Guatemala
KRW 981888
9.6%
6
Costa Rica
KRW 971988
10.5%
7
Panama
KRW 966564
11.0%
8
Peru
KRW 950266
12.5%
9
Argentina
KRW 901397
17.0%
10
Chile
KRW 894880
17.6%
11
Uruguay
KRW 889450
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 1075160
1.0%
1
Uganda
KRW 1026227
5.5%
2
Zambia
KRW 1020859
6.0%
3
Morocco
KRW 1012822
6.7%
4
Ivory Coast
KRW 1000344
7.9%
5
Senegal
KRW 978146
9.9%
6
Kenya
KRW 947167
12.8%
7
Ghana
KRW 936846
13.7%
8
Mozambique
KRW 924982
14.8%
9
Cameroon
KRW 916297
15.6%
10
Angola
KRW 862187
20.6%
11
Nigeria
KRW 853336
21.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 1086021
0.0%
1
United Arab Emirates
KRW 1031718
5.0%
2
Qatar
KRW 1031717
5.0%
3
Bahrain
KRW 999143
8.0%
4
Oman
KRW 999153
8.0%
5
Kuwait
KRW 966559
11.0%
6
Lebanon
KRW 955115
12.1%
7
Egypt
KRW 944982
13.0%
8
Israel
KRW 943209
13.2%
9
Turkey
KRW 914874
15.8%
10
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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.