Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
3,137 원
Income Tax
- 38.92 원
Local Tax
- 3.89 원
National Pension
- 141 원
National Health Insurance
- 123 원
Employment Insurance
- 28.23 원
Total tax
- 335 원
Net pay
* 2,802 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
2,802 원
Net pay
600 원
Tax the employer pays
335 원
Tax you pay
Total tax paid
935 원
Did you know your employer also pays tax on your salary? It costs the employer 600 원 to pay you 3,137 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
163,124 원 yearly is how much per hour?
78.43 원 hourly is how much per year?
Summary
If you make 163,124 원 a year living in South Korea, you will be taxed 17,436 원. That means that your net pay will be 145,688 원 per year, or 12,141 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.
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 160546
1.6%
1
USA
KRW 148996
8.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 159250
2.4%
1
Brazil
KRW 150890
7.5%
2
Puerto Rico
KRW 150151
8.0%
3
Colombia
KRW 150074
8.0%
4
Ecuador
KRW 147715
9.5%
5
Guatemala
KRW 147484
9.6%
6
Costa Rica
KRW 145996
10.5%
7
Panama
KRW 145178
11.0%
8
Peru
KRW 142734
12.5%
9
Argentina
KRW 135393
17.0%
10
Chile
KRW 134414
17.6%
11
Uruguay
KRW 133598
18.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 161493
1.0%
1
Uganda
KRW 154968
5.0%
2
Ghana
KRW 154152
5.5%
3
Zambia
KRW 153336
6.0%
4
Morocco
KRW 152130
6.7%
5
Ivory Coast
KRW 150890
7.5%
6
Angola
KRW 148074
9.2%
7
Senegal
KRW 147039
9.9%
8
Cameroon
KRW 137631
15.6%
9
Nigeria
KRW 135776
16.8%
10
Mozambique
KRW 130101
20.2%
11
Kenya
KRW 117336
28.1%
12
Show more
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.