South Korea Income Tax Calculator

Calculate your take-home salary and tax brackets in South Korea (KRW)

South Korea Take Home Salary Calculator

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Lowest Tax Rate

6%

Average Tax Rate

30.6%

Highest Tax Rate

45%

Understanding South Korea's Tax System

The South Korea income tax system uses a progressive tax rate structure with 8 different tax brackets for 2024. The tax rates range from 6% to 45%, with an average rate of 30.6%.

Tax Brackets Breakdown

Here's a detailed breakdown of the tax brackets in South Korea:

Bracket 16%
From

₩0

To

₩14,000,000

Bracket 215%
From

₩14,000,001

To

₩50,000,000

Bracket 324%
From

₩50,000,001

To

₩88,000,000

Bracket 435%
From

₩88,000,001

To

₩150,000,000

Bracket 538%
From

₩150,000,001

To

₩300,000,000

Bracket 640%
From

₩300,000,001

To

₩500,000,000

Bracket 742%
From

₩500,000,001

To

₩1,000,000,000

Bracket 845%
From

₩1,000,000,001

To

∞

How Progressive Tax Works in South Korea

In South Korea, like many countries, the tax system is progressive. This means you don't pay the highest rate on all your income. Instead, you pay different rates on different portions of your income. For example:

  • 1You only pay 6% on the first ₩14,000,000
  • 2Then 15% on the next portion, and so on
  • 3The highest rate of 45% only applies to income above ₩1,000,000,000

Additional Information

This calculator provides a basic estimate of your income tax in South Korea. Please note that:

  • These are 2024 tax rates from National Tax Service
  • The calculation doesn't include regional or municipal taxes
  • Social security contributions and other deductions are not included
  • Tax credits and deductions may reduce your actual tax burden

Source: National Tax Service