Income tax calculator South Korea
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
2,500,680 원
Income Tax
- 31,022 원
Local Tax
- 3,102 원
National Pension
- 112,531 원
National Health Insurance
- 98,127 원
Employment Insurance
- 22,506 원
Total tax
- 267,288 원
Net pay
*
2,233,392 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
2,233,392 원
Net pay
478,230 원
Tax the employer pays
267,288 원
Tax you pay
Total tax paid
745,518 원
Did you know your employer also pays tax on your salary? It costs the employer 478,230 원 to pay you 2,500,680 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 2,500,680 원 a year living in South Korea, you will be taxed 267,288 원. That means that your net pay will be 2,233,392 원 per year, or 186,116 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
North America
Country
Net pay
Average tax
Rank
Canada
KRW 2286652
8.6%
1
USA
KRW 2284092
8.7%
2
Africa
Country
Net pay
Average tax
Rank
South Africa
KRW 2475673
1.0%
1
Zambia
KRW 2350639
6.0%
2
Morocco
KRW 2332135
6.7%
3
Ivory Coast
KRW 2198038
12.1%
4
Kenya
KRW 2183295
12.7%
5
Cameroon
KRW 2109874
15.6%
6
Mozambique
KRW 2085004
16.6%
7
Senegal
KRW 2063636
17.5%
8
Uganda
KRW 2061099
17.6%
9
Ghana
KRW 2039751
18.4%
10
Angola
KRW 1949400
22.1%
11
Nigeria
KRW 1862105
25.5%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
Saudi Arabia
KRW 2500681
0.0%
1
United Arab Emirates
KRW 2375647
5.0%
2
Qatar
KRW 2375645
5.0%
3
Bahrain
KRW 2300610
8.0%
4
Oman
KRW 2300619
8.0%
5
Kuwait
KRW 2225610
11.0%
6
Israel
KRW 2171839
13.2%
7
Lebanon
KRW 2100031
16.0%
8
Egypt
KRW 2005726
19.8%
9
Turkey
KRW 1696976
32.1%
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.