68,921 원 income tax calculator 2025 - South Korea - salary after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
68,921 원
Income Tax
- 855 원
Local Tax
- 85.50 원
National Pension
- 3,101 원
National Health Insurance
- 2,704 원
Employment Insurance
- 620 원
Total tax
- 7,367 원
Net pay
* 61,554 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
61,554 원
Net pay
13,180 원
Tax the employer pays
7,367 원
Tax you pay
Total tax paid
20,547 원
Did you know your employer also pays tax on your salary? It costs the employer 13,180 원 to pay you 68,921 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 68,921 원 a year living in South Korea, you will be taxed 7,367 원. That means that your net pay will be 61,554 원 per year, or 5,130 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 68919
0.0%
1
Germany
KRW 68928
0.0%
2
Austria
KRW 68928
0.0%
3
Ireland
KRW 68928
0.0%
4
Sweden
KRW 68921
0.0%
5
Norway
KRW 68921
0.0%
6
Spain
KRW 64545
6.4%
7
Italy
KRW 62601
9.2%
8
France
KRW 62242
9.7%
9
Czech Republic
KRW 61340
11.0%
10
Luxembourg
KRW 61314
11.1%
11
Russia
KRW 59961
13.0%
12
Hungary
KRW 56171
18.5%
13
Ukraine
KRW 55482
19.5%
14
Poland
KRW 54118
21.5%
15
Greece
KRW 53865
21.8%
16
Portugal
KRW 51307
25.6%
17
Finland
KRW 47732
30.8%
18
Belgium
KRW 46865
32.0%
19
Netherlands
KRW 42646
38.1%
20
Romania
KRW 40316
41.5%
21
Switzerland
KRW 25344
63.2%
22
Denmark
KRW 0
100.0%
23
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North America
Country 
Net pay
Average tax
Rank
Canada
KRW 67830
1.6%
1
USA
KRW 62941
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 68917
0.0%
1
Singapore
KRW 68918
0.0%
2
Hong Kong
KRW 68922
0.0%
3
Thailand
KRW 65475
5.0%
4
Indonesia
KRW 62856
8.8%
5
Taiwan
KRW 62821
8.9%
6
South Korea
KRW 61554
10.7%
7
New Zealand
KRW 60722
11.9%
8
India
KRW 60655
12.0%
9
China
KRW 59834
13.2%
10
Vietnam
KRW 58600
15.0%
11
Malaysia
KRW 56929
17.4%
12
Japan
KRW 56004
18.7%
13
Kazakhstan
KRW 54585
20.8%
14
Pakistan
KRW 53742
22.0%
15
Philippines
KRW 28219
59.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Mexico
KRW 67284
2.4%
1
Brazil
KRW 63753
7.5%
2
Puerto Rico
KRW 63433
8.0%
3
Colombia
KRW 63407
8.0%
4
Ecuador
KRW 62406
9.5%
5
Guatemala
KRW 62313
9.6%
6
Costa Rica
KRW 61684
10.5%
7
Panama
KRW 61335
11.0%
8
Peru
KRW 60304
12.5%
9
Argentina
KRW 57204
17.0%
10
Chile
KRW 56791
17.6%
11
Uruguay
KRW 56446
18.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 68232
1.0%
1
Angola
KRW 66853
3.0%
2
Uganda
KRW 65475
5.0%
3
Ghana
KRW 65131
5.5%
4
Zambia
KRW 64786
6.0%
5
Morocco
KRW 64276
6.7%
6
Ivory Coast
KRW 63752
7.5%
7
Senegal
KRW 60937
11.6%
8
Cameroon
KRW 58150
15.6%
9
Nigeria
KRW 57366
16.8%
10
Mozambique
KRW 48144
30.2%
11
Kenya
KRW 23133
66.4%
12
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Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 68921
0.0%
1
Saudi Arabia
KRW 68921
0.0%
2
United Arab Emirates
KRW 65475
5.0%
3
Qatar
KRW 65474
5.0%
4
Lebanon
KRW 64097
7.0%
5
Oman
KRW 63402
8.0%
6
Bahrain
KRW 63415
8.0%
7
Kuwait
KRW 61329
11.0%
8
Israel
KRW 59860
13.2%
9
Turkey
KRW 58060
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.