Income tax calculator South Korea

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
465,400 원
Income Tax
- 5,774 원
Local Tax
- 577 원
National Pension
- 20,943 원
National Health Insurance
- 18,262 원
Employment Insurance
- 4,189 원
Total tax
- 49,745 원
Net pay
* 415,655 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
415,655 원
Net pay
89,003 원
Tax the employer pays
49,745 원
Tax you pay
Total tax paid
138,748 원
Did you know your employer also pays tax on your salary? It costs the employer 89,003 원 to pay you 465,400 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
465,400 원 yearly is how much per hour?
224 원 hourly is how much per year?
Summary
If you make 465,400 원 a year living in South Korea, you will be taxed 49,745 원. That means that your net pay will be 415,655 원 per year, or 34,638 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
190,500 원
191,000 원
191,500 원
192,000 원
192,500 원
193,000 원
193,500 원
194,000 원
194,500 원
195,000 원
195,500 원
196,000 원
196,500 원
197,000 원
197,500 원
198,000 원
198,500 원
199,000 원
199,500 원
200,000 원
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
KRW 465392
0.0%
1
Germany
KRW 465401
0.0%
2
Austria
KRW 465401
0.0%
3
Ireland
KRW 465401
0.0%
4
Sweden
KRW 465400
0.0%
5
Norway
KRW 465401
0.0%
6
Spain
KRW 435843
6.4%
7
Italy
KRW 422635
9.2%
8
France
KRW 420256
9.7%
9
Czech Republic
KRW 414206
11.0%
10
Luxembourg
KRW 413974
11.1%
11
Russia
KRW 404898
13.0%
12
Switzerland
KRW 395268
15.1%
13
Hungary
KRW 379301
18.5%
14
Ukraine
KRW 374647
19.5%
15
Poland
KRW 365449
21.5%
16
Greece
KRW 363713
21.9%
17
Portugal
KRW 346496
25.6%
18
Finland
KRW 322294
30.8%
19
Belgium
KRW 316475
32.0%
20
Netherlands
KRW 292377
37.2%
21
Romania
KRW 272260
41.5%
22
Denmark
KRW 185831
60.1%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 458044
1.6%
1
USA
KRW 425099
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 465396
0.0%
1
Singapore
KRW 465399
0.0%
2
Hong Kong
KRW 465400
0.0%
3
Pakistan
KRW 450221
3.3%
4
Thailand
KRW 442130
5.0%
5
Indonesia
KRW 424445
8.8%
6
Taiwan
KRW 424207
8.9%
7
South Korea
KRW 415655
10.7%
8
New Zealand
KRW 410064
11.9%
9
India
KRW 409552
12.0%
10
China
KRW 404037
13.2%
11
Malaysia
KRW 403509
13.3%
12
Philippines
KRW 400684
13.9%
13
Vietnam
KRW 395706
15.0%
14
Japan
KRW 378177
18.7%
15
Kazakhstan
KRW 368597
20.8%
16
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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.