Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
27,747 원
Income Tax
- 344 원
Local Tax
- 34.42 원
National Pension
- 1,249 원
National Health Insurance
- 1,089 원
Employment Insurance
- 250 원
Total tax
- 2,966 원
Net pay
* 24,781 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
24,781 원
Net pay
5,306 원
Tax the employer pays
2,966 원
Tax you pay
Total tax paid
8,272 원
Did you know your employer also pays tax on your salary? It costs the employer 5,306 원 to pay you 27,747 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
27,747 원 yearly is how much per hour?
13.34 원 hourly is how much per year?
Summary
If you make 27,747 원 a year living in South Korea, you will be taxed 2,966 원. That means that your net pay will be 24,781 원 per year, or 2,065 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
27,500 원
28,000 원
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
North America
Country 
Net pay
Average tax
Rank
Canada
KRW 27306
1.6%
1
USA
KRW 25354
8.6%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 27744
0.0%
1
Singapore
KRW 27748
0.0%
2
Hong Kong
KRW 27746
0.0%
3
Thailand
KRW 26360
5.0%
4
Indonesia
KRW 25305
8.8%
5
Taiwan
KRW 25291
8.9%
6
South Korea
KRW 24781
10.7%
7
New Zealand
KRW 24451
11.9%
8
India
KRW 24420
12.0%
9
China
KRW 24088
13.2%
10
Malaysia
KRW 24040
13.4%
11
Vietnam
KRW 23592
15.0%
12
Japan
KRW 22547
18.7%
13
Kazakhstan
KRW 21976
20.8%
14
Pakistan
KRW 12568
54.7%
15
Philippines
KRW 11361
59.1%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 27088
2.4%
1
Brazil
KRW 25666
7.5%
2
Puerto Rico
KRW 25537
8.0%
3
Colombia
KRW 25527
8.0%
4
Ecuador
KRW 25128
9.4%
5
Guatemala
KRW 25086
9.6%
6
Costa Rica
KRW 24834
10.5%
7
Panama
KRW 24700
11.0%
8
Peru
KRW 24279
12.5%
9
Argentina
KRW 23030
17.0%
10
Chile
KRW 22864
17.6%
11
Uruguay
KRW 22725
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 27469
1.0%
1
Angola
KRW 26915
3.0%
2
Uganda
KRW 26360
5.0%
3
Ghana
KRW 26221
5.5%
4
Zambia
KRW 26082
6.0%
5
Morocco
KRW 25877
6.7%
6
Ivory Coast
KRW 25666
7.5%
7
Cameroon
KRW 23411
15.6%
8
Senegal
KRW 23304
16.0%
9
Nigeria
KRW 23095
16.8%
10
Mozambique
KRW 12323
55.6%
11
Kenya
KRW 27747
165.0%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 27747
0.0%
1
Saudi Arabia
KRW 27745
0.0%
2
United Arab Emirates
KRW 26358
5.0%
3
Qatar
KRW 26361
5.0%
4
Lebanon
KRW 25805
7.0%
5
Bahrain
KRW 25545
7.9%
6
Oman
KRW 25522
8.0%
7
Kuwait
KRW 24687
11.1%
8
Israel
KRW 24098
13.2%
9
Turkey
KRW 23374
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.