Net Salary Calculator

National pension (4.5%), health insurance (3.545%), employment insurance (0.9%), income tax, and local income tax are all deducted from your gross salary. For a 50M KRW annual salary, roughly 3.8M KRW is deducted, leaving a monthly take-home of around 3.5M KRW.

Yes, they are adjusted slightly each year. For 2026: national pension 4.5%, health insurance 3.545% (+ long-term care 12.81%), employment insurance 0.9%.

Yes. Non-taxable items such as meal allowance (up to 200,000 KRW/month) and commuting expenses are excluded from the income tax and social insurance base, which increases your take-home pay.

The amount your employer quotes is the gross (pre-tax) salary. Since your actual take-home depends on deductions, it is advisable to calculate your expected net pay before salary negotiations.

Yes, bonuses and performance pay are aggregated with earned income and taxed accordingly. A spike in income can push you into a higher progressive tax bracket, increasing the effective tax rate.

Yes. If the monthly withholding tax (based on the simplified tax table) exceeds your actual liability, the difference is refunded. Maximizing deductions—medical expenses, education, donations—is key.

Yes. A basic deduction of 1.5M KRW per dependent lowers your taxable income. Eligible dependents include a spouse and lineal relatives (parents, children) with annual income of 1M KRW or less.