Salary Take-home Calculator
Calculate your monthly and annual take-home salary using 2026 social insurance rates and income tax brackets.
Enter your gross annual salary in Korean won (e.g. 40,000,000)
Spouse, children, parents, etc. Include children here if they are claimed as dependents.
1 child: ₩250K / 2 children: ₩550K / 3+ children: +₩400K each
Meal allowance, commute allowance, childcare subsidies, etc. (monthly total)
Monthly Take-home
2,669,714KRW
Annual Take-home: 32,036,568 KRW
- Monthly Gross Pay
- 3,333,333KRW
- Social Insurance (monthly)
- 294,661KRW
- Income Tax & Local Tax (monthly)
- 368,958KRW
- Social Insurance (annual)
- 3,535,932KRW
- Income Tax & Local Tax (annual)
- 4,427,500KRW
- Tax Rate Applied
- 15%
- Personal Deduction
- 1,500,000KRW
- Taxable Base
- 36,100,000KRW
- Effective Burden Rate
- 19.91%
Social Insurance Breakdown (monthly, employee share)
- National Pension
- 141,000KRW4.50%
- Health Insurance
- 111,077KRW3.545%
- Long-term Care Insurance
- 14,384KRW12.95%
- Employment Insurance
- 28,200KRW0.9%
- Personal deduction ₩1,500,000 applied (self + 0 dependents)
- 15% tax rate applied
- Standard tax credit ₩130,000 applied
What is Salary Take-home?
Your take-home salary is your gross salary minus social insurance contributions (national pension, health insurance, long-term care, employment insurance) and income and local taxes. Non-taxable allowances such as meal allowances and commute subsidies are excluded from both social insurance and income tax calculations, so you receive them in full.
Deduction & Rate Reference (2026)
| Item | Details |
|---|---|
| National Pension | 4.50% (39만~633만 KRW) |
| Health Insurance | 3.545% |
| Long-term Care (of health insurance) | 12.95% |
| Employment Insurance | 0.9% |
| Personal deduction (self) | 1,500,000 KRW |
| Per dependent | 1,500,000 KRW |
| Standard tax credit | 130,000 KRW |
| Child tax credit (1 child) | 250,000 KRW |
| Child tax credit (2 children, cumulative) | 550,000 KRW |
| Child tax credit (3+ children, per additional) | 400,000 KRW |
| Local income tax | 10% (of determined tax) |
Frequently Asked Questions
- What is salary take-home?
- Take-home salary is your gross salary after deducting social insurance contributions and income/local taxes. Non-taxable allowances (e.g. meal allowance) are not deducted — you receive them in full.
- What counts as a non-taxable allowance?
- Common non-taxable allowances include the monthly meal allowance (up to ₩200K), commute allowance (up to ₩200K), childcare subsidy (up to ₩200K), and employee tuition. Actual eligibility depends on your employer's pay policy.
- Why might this result differ from my actual payslip?
- Your employer uses the simplified withholding tax table, which is based on your number of dependents and monthly salary. This calculator uses an annualised progressive tax approach and does not include the employment income deduction, employment income tax credit, or year-end tax settlement.
- When do I receive my year-end tax settlement refund?
- Year-end tax settlement takes place in January–February of the following year. Refunds are usually included in your February or March paycheck.
This calculator is for reference only. Results may differ from your actual payslip because it does not apply the withholding tax table, employment income deduction, employment income tax credit, or year-end tax settlement. Please consult a tax professional for an accurate calculation.