Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
72,426 원
Income Tax
- 898 원
Local Tax
- 89.85 원
National Pension
- 3,259 원
National Health Insurance
- 2,842 원
Employment Insurance
- 652 원
Total tax
- 7,741 원
Net pay
* 64,685 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
64,685 원
Net pay
13,851 원
Tax the employer pays
7,741 원
Tax you pay
Total tax paid
21,592 원
Did you know your employer also pays tax on your salary? It costs the employer 13,851 원 to pay you 72,426 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 72,426 원 a year living in South Korea, you will be taxed 7,741 원. That means that your net pay will be 64,685 원 per year, or 5,390 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 71279
1.6%
1
USA
KRW 66136
8.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
KRW 72426
0.0%
1
Singapore
KRW 72421
0.0%
2
Hong Kong
KRW 72427
0.0%
3
Thailand
KRW 68805
5.0%
4
Indonesia
KRW 66053
8.8%
5
Taiwan
KRW 66016
8.9%
6
South Korea
KRW 64685
10.7%
7
New Zealand
KRW 63811
11.9%
8
India
KRW 63739
12.0%
9
China
KRW 62877
13.2%
10
Vietnam
KRW 61580
15.0%
11
Malaysia
KRW 59803
17.4%
12
Japan
KRW 58852
18.7%
13
Kazakhstan
KRW 57361
20.8%
14
Pakistan
KRW 57247
21.0%
15
Philippines
KRW 29654
59.1%
16
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
KRW 71702
1.0%
1
Angola
KRW 70253
3.0%
2
Uganda
KRW 68805
5.0%
3
Ghana
KRW 68443
5.5%
4
Zambia
KRW 68081
6.0%
5
Morocco
KRW 67545
6.7%
6
Ivory Coast
KRW 66994
7.5%
7
Senegal
KRW 64141
11.4%
8
Cameroon
KRW 61107
15.6%
9
Nigeria
KRW 60284
16.8%
10
Mozambique
KRW 51193
29.3%
11
Kenya
KRW 26638
63.2%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Egypt
KRW 72426
0.0%
1
Saudi Arabia
KRW 72425
0.0%
2
United Arab Emirates
KRW 68805
5.0%
3
Qatar
KRW 68807
5.0%
4
Lebanon
KRW 67356
7.0%
5
Oman
KRW 66620
8.0%
6
Bahrain
KRW 66627
8.0%
7
Kuwait
KRW 64443
11.0%
8
Israel
KRW 62903
13.2%
9
Turkey
KRW 61013
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.