Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
564 원
Income Tax
- 7 원
Local Tax
- 0.70 원
National Pension
- 25.38 원
National Health Insurance
- 22.13 원
Employment Insurance
- 5.08 원
Total tax
- 60.28 원
Net pay
* 504 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
504 원
Net pay
108 원
Tax the employer pays
60.28 원
Tax you pay
Total tax paid
168 원
Did you know your employer also pays tax on your salary? It costs the employer 108 원 to pay you 564 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.
Summary
If you make 29,328 원 a year living in South Korea, you will be taxed 3,135 원. That means that your net pay will be 26,193 원 per year, or 2,183 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
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 29333
0.0%
1
Germany
KRW 29333
0.0%
2
Austria
KRW 29333
0.0%
3
Ireland
KRW 29333
0.0%
4
Sweden
KRW 29328
0.0%
5
Norway
KRW 29328
0.0%
6
Spain
KRW 27464
6.3%
7
Italy
KRW 26641
9.2%
8
France
KRW 26491
9.7%
9
Czech Republic
KRW 26102
11.0%
10
Luxembourg
KRW 26087
11.1%
11
Russia
KRW 25515
13.0%
12
Hungary
KRW 23902
18.5%
13
Ukraine
KRW 23609
19.5%
14
Poland
KRW 23029
21.5%
15
Greece
KRW 22916
21.8%
16
Portugal
KRW 21839
25.6%
17
Finland
KRW 20314
30.8%
18
Belgium
KRW 19940
32.0%
19
Netherlands
KRW 17606
40.0%
20
Romania
KRW 17156
41.5%
21
Denmark
KRW 0
100.0%
22
Switzerland
KRW 29332
135.5%
23
Show more
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 28858
1.6%
1
USA
KRW 26790
8.6%
2
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 29035
1.0%
1
Angola
KRW 28448
3.0%
2
Uganda
KRW 27862
5.0%
3
Ghana
KRW 27715
5.5%
4
Zambia
KRW 27568
6.0%
5
Morocco
KRW 27351
6.7%
6
Ivory Coast
KRW 27128
7.5%
7
Senegal
KRW 24749
15.6%
8
Cameroon
KRW 24745
15.6%
9
Nigeria
KRW 24411
16.8%
10
Mozambique
KRW 13698
53.3%
11
Kenya
KRW 29328
156.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 29328
0.0%
1
Saudi Arabia
KRW 29327
0.0%
2
Qatar
KRW 27861
5.0%
3
United Arab Emirates
KRW 27860
5.0%
4
Lebanon
KRW 27275
7.0%
5
Oman
KRW 26984
8.0%
6
Bahrain
KRW 26965
8.0%
7
Kuwait
KRW 26107
10.9%
8
Israel
KRW 25471
13.2%
9
Turkey
KRW 24706
15.8%
10
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.