Free Salary Calculator (Korea)
Enter your Korean annual salary to calculate monthly take-home pay after the four social insurances, income tax, and local income tax. Supports tax-exempt allowances and dependent deductions.
💰 Annual Salary
1 man won = 10,000 KRW. E.g., 4000 = 40,000,000 KRW
📋 Tax-Exempt Allowances (Monthly)
👨👩👧👦 Dependents
📊 Results
Monthly Take-Home
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Annual Take-Home
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Take-Home Ratio (after-tax / pre-tax)
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Deduction Breakdown
| Item | Monthly Deduction |
|---|---|
| Total Deductions | — |
Take-Home Pay by Salary Range
※ Based on simplified 2024 Korean tax brackets. Actual payroll may differ due to company policies, pension caps, and other factors.
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"How much of my salary actually lands in my bank account?" This salary calculator automatically deducts Korea's four social insurances and income tax to show your real monthly take-home pay.
Key Features
Four Social Insurances
Automatically calculates National Pension (4.5%), Health Insurance (3.545%), Long-Term Care (12.95% of health), and Employment Insurance (0.9%) based on your taxable salary.
Income Tax & Local Tax
Applies Korea's progressive tax brackets (6%-45%) to your annual taxable income, with personal exemptions and child tax credits. Local income tax is 10% of income tax.
Tax-Exempt Allowances
Check applicable tax-exempt items like meal allowance, vehicle subsidy, or childcare allowance (each up to 200,000 KRW/month) to reduce your taxable income.
Salary Range Comparison
A visual bar chart shows take-home pay for salaries within 10 million KRW of your input, so you can see how a raise translates to actual income.
How to Use
Step 1: Enter Annual Salary
Enter your gross annual salary in "man won" (10,000 KRW units). For example, 4000 means 40 million KRW.
Step 2: Select Tax-Exempt Items
Check any tax-exempt allowances you receive. Meal allowance is checked by default. Enter additional custom amounts if applicable.
Step 3: Set Dependents
Select the number of dependents (including yourself) and children under 20 for tax credit calculation.
Korean Social Insurance Rates
National Pension
Employees contribute 4.5% of taxable monthly salary (employers pay another 4.5%). There are caps, but the 4.5% rate applies for most salary ranges.
Health Insurance
3.545% of taxable monthly salary, plus an additional Long-Term Care premium of 12.95% of the health insurance amount.
Employment Insurance
0.9% of taxable monthly salary contributed by the employee.
FAQ
What if I don't receive a meal allowance?
Simply uncheck the meal allowance checkbox. The calculator will use the full salary as taxable income.
Why might this differ from my actual payslip?
This calculator uses simplified tax brackets. Actual deductions may vary based on previous month's salary, bonuses, pension caps, and company-specific policies.
Can I use this on mobile?
Yes, the tool is fully responsive and works on smartphones and tablets.