Salary, Net Pay & Year-End Tax Guide

Figure out what actually lands in your account

Year-end tax: every Jan–Feb

Two people with the same gross salary can take home very different amounts after insurance and income-tax deductions. The calculators in this guide cover monthly net pay, social-insurance premiums, income tax, severance, and leave allowance — handy during year-end tax season or before a job change or salary negotiation.

Calculators in this guide

Korea Net Salary Calculator

Estimate monthly take-home pay after Korean social insurance and income tax.

Gross salary → monthly net pay

Korea 4 Insurances Calculator

Calculate Korean national pension, health, long-term care, and employment insurance from monthly pay.

Pension, health, employment, care premiums

Korea Income Tax Calculator

Compute Korean income tax and local tax from a taxable base using progressive rates.

Income tax by bracket

Korea Withholding Tax Calculator

Estimate monthly withheld income and local tax from pay and number of dependents.

Withholding from the simplified table

Korea Severance Pay Calculator

Estimate Korean severance pay from start/end dates and average salary.

Estimated severance pay

Hourly Wage & Holiday Pay (Korea)

Compute Korean weekly holiday pay, weekly and monthly pay from hourly wage and hours.

Hourly wage & weekly holiday pay

Annual Leave Pay Calculator (Korea)

Calculate Korean annual-leave allowance from monthly ordinary wage and unused days.

Annual-leave days & allowance

FAQ

How is net pay calculated?

Take monthly gross pay, then subtract pension (4.5%), health (3.545%), long-term care (12.95% of health), employment insurance (0.9%), plus income and local taxes.

What is the tax-free amount?

Certain items like meal allowances are tax-exempt; a common example is up to ₩200,000/month for meals.