Korea Income Tax Calculator
Calculate your Korean income tax — see progressive brackets, deductions, effective rate, and compare with the 19% flat tax option for foreigners.
1Annual Gross Salary
= ₩50,000,000 / year = ₩4,166,667 / month
2Dependents (부양가족)
3Non-taxable Meal Allowance
Most Korean companies provide ₩200,000/month non-taxable meal allowance (식대).
Tax Bracket Breakdown
Progressive vs. 19% Flat Tax
Foreigners in Korea can choose the 19% flat tax rate (no deductions applied) instead of the progressive system. This is often better for high earners.
You save ₩7,218,553/year by choosing the progressive option.
Compare both options in detail: Tax Comparison Calculator
Social Insurance Deductions (4대보험)
Korean Tax Brackets Explained
Korea uses a progressive income tax system (종합소득세) with 8 brackets ranging from 6% to 45%. Your income is taxed at increasingly higher rates as it passes through each bracket — you do not pay the top rate on your entire income.
Year-end settlement (연말정산):Every January-February, your employer calculates your actual tax liability for the previous year versus what was withheld monthly. If you overpaid, you get a refund; if you underpaid, you owe the difference. This is Korea's version of filing taxes, and most employees don't need to file separately.
How to file: As a foreign employee, your employer handles year-end settlement. You may need to submit receipts for medical expenses, education costs, donations, and card usage via the Hometax (홈택스) system. Alternatively, foreigners can elect the 19% flat tax rate, which requires no deductions — just a flat calculation on total salary.