Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
28,960 원
Income Tax
- 359 원
Local Tax
- 35.93 원
National Pension
- 1,303 원
National Health Insurance
- 1,136 원
Employment Insurance
- 261 원
Total tax
- 3,095 원
Net pay
* 25,865 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
25,865 원
Net pay
5,538 원
Tax the employer pays
3,095 원
Tax you pay
Total tax paid
8,634 원
Did you know your employer also pays tax on your salary? It costs the employer 5,538 원 to pay you 28,960 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.
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Summary
If you make 1,505,920 원 a year living in South Korea, you will be taxed 160,962 원. That means that your net pay will be 1,344,958 원 per year, or 112,080 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
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 1431265
5.0%
1
USA
KRW 1375486
8.7%
2
Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
KRW 1505919
0.0%
1
United Arab Emirates
KRW 1430621
5.0%
2
Qatar
KRW 1430625
5.0%
3
Bahrain
KRW 1385460
8.0%
4
Oman
KRW 1385454
8.0%
5
Kuwait
KRW 1340258
11.0%
6
Israel
KRW 1307892
13.2%
7
Lebanon
KRW 1307831
13.2%
8
Egypt
KRW 1276763
15.2%
9
Turkey
KRW 1258813
16.4%
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.