South Korea take-home pay
Estimate your monthly net pay in South Korea (연봉 실수령액) after the four social insurances, the NTS withholding income tax and the local income tax.
South Korea — National Pension Act, National Health Insurance Act, Employment Insurance Act and Income Tax Act (simplified withholding table, Enforcement Decree Annex 2 as amended on 27 Feb 2026). Rates and limits in force on 10/24/2026.
Estimate for guidance only: check the official sources or a licensed professional before relying on it.
Frequently asked questions
What are the four social insurances (4대보험)?
National pension, health insurance (with long-term care insurance) and employment insurance are deducted from your pay; industrial accident insurance is paid only by the employer.
How is the income tax withheld every month?
The employer looks up the National Tax Service simplified withholding table by monthly taxable pay and number of family members, subtracts the amount for children aged 8 to 20 and adds 10 % local income tax.
Who counts as a family member?
You, your spouse and each dependant who qualifies for the basic deduction count as one member each; children aged 8 to 20 are counted in the total and also reduce the tax.
What does severance included (퇴직금 포함) mean?
Some contracts quote an annual salary that already contains the severance pay. The monthly pay is then the annual salary divided by 13 instead of 12.
Can I choose 80 % or 120 % withholding?
Yes. You may ask your employer to withhold 80 % or 120 % of the table amount; it changes the monthly cash flow, not the final tax settled at year end.
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How the South Korea take-home pay is calculated
This calculator estimates the monthly take-home pay (연봉 실수령액) of an employee in South Korea who is paid a monthly salary. Enter your gross salary as an annual or a monthly amount, say whether the annual figure already includes severance pay, the non-taxable part of your monthly pay (such as the meal allowance), the number of family members used for withholding, how many of them are children aged 8 to 20, and the withholding rate you chose with your employer. The page returns your monthly and annual take-home pay, the share of the gross salary that is deducted, a line-by-line breakdown of every deduction and a doughnut chart.
The monthly pay is the annual salary divided by 12, or by 13 when severance is included. Non-taxable items, such as the meal allowance of up to ₩ 200,000, are removed to get the taxable pay. The national pension is 4.75 % of the standard monthly income, limited to ₩ 410,000 to ₩ 6,590,000 from July 2026. Health insurance is 3.595 %, long-term care is 13.14 % of the health premium (0.9448 % of income) and employment insurance is 0.9 %. The income tax comes from the National Tax Service simplified withholding table (Income Tax Act Enforcement Decree Annex 2, amended on 27 February 2026), minus ₩ 20,830, ₩ 45,830 or ₩ 45,830 plus ₩ 33,330 for each child beyond two. The local income tax is 10 % of it, and every premium is truncated below 10 won.
Example: an annual salary of ₩ 50,000,000 with a ₩ 200,000 meal allowance and one family member gives a gross monthly pay of ₩ 4,166,666. The deductions are national pension ₩ 188,380, health insurance ₩ 142,600, long-term care ₩ 18,730, employment insurance ₩ 35,690, income tax ₩ 190,620 and local income tax ₩ 19,060, so the take-home pay is ₩ 3,571,586 a month (₩ 42,859,032 a year). This is an estimate only: it does not include the year-end tax settlement, other allowances or deductions, and your payroll software may differ by a few won.