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
2,660,112KRW
Annual Take-home: 31,921,344 KRW
- Monthly Gross Pay
- 3,333,333KRW
- Social Insurance (monthly)
- 304,263KRW
- Income Tax & Local Tax (monthly)
- 368,958KRW
- Social Insurance (annual)
- 3,651,156KRW
- 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
- 20.20%
Social Insurance Breakdown (monthly, employee share)
- National Pension
- 148,833KRW4.75%
- Health Insurance
- 112,643KRW3.595%
- Long-term Care Insurance
- 14,587KRW12.95%
- 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?
Take-home pay is the amount that actually arrives in your bank account after Korea's four major social insurance contributions and income/local taxes are deducted from your contractual annual salary. As a full-time employee in Korea, the following items are withheld from your monthly pay automatically. National Pension (Gukmin Yeongeum) takes 4.75% of taxable income as the employee share — the company matches the same amount, so the total contribution rate is 9.5% but you only pay half (raised from 9% starting 2026 under a pension reform bill passed by the National Assembly in March 2025, climbing 0.5 percentage points per year to 13% by 2033). National Health Insurance is about 3.595%, and Long-Term Care Insurance is about 12.95% of the health insurance premium; both are also split evenly with the company. Employment Insurance is 0.9% on the employee side, separate from the company share. Earned Income Tax follows a progressive structure with eight brackets ranging from 6% (income up to KRW 14M) to 45% (income above KRW 1B). Personal and dependent deductions, child tax credits, and either standard or itemized tax credits are subtracted, and a 10% local income tax is added on top of the resulting income tax. This calculator applies KRW 200,000 of monthly non-taxable allowance (meals, etc.), the standard tax credit of KRW 130,000, and child tax credits for up to two children (with additional credit for children aged 8 or older) by default. Year-end settlement may add further itemized deductions (medical expenses, education, credit card spending, donations) that can produce a refund. Verify the exact year-end result via Hometax or your company's HR team.
When is this calculator useful?
Job changes and salary negotiation
Simulate how much your take-home pay would change compared to your current job before accepting an offer. Even at the same pre-tax salary, the number of dependents and children produces different take-home amounts.
First job for new hires
Find out how the gross salary on your employment contract translates into a monthly bank deposit, so you can plan rent, living expenses, and savings ahead of time.
Changes in your dependents
Check how marriage, the birth of a child, or supporting parents would increase your monthly take-home pay through additional personal deductions. The extra child tax credit applies only to children aged 8 or older.
Evaluating a raise
A nominal raise and the actual increase in take-home pay are not the same. Crossing a higher tax bracket reduces the after-tax effect, so use this calculator to confirm the real benefit.
Deduction & Rate Reference (2026)
| Item | Details |
|---|---|
| National Pension | 4.75% (41만~659만 KRW) |
| Health Insurance | 3.595% |
| 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) |
How to read the result
The result is broken down into the following items. • Gross monthly salary: annual salary divided evenly by 12. Some companies split pay into 13–14 months (separate bonuses), which may differ from your actual payslip. • Four-insurance contributions: National Pension + Health Insurance + Long-Term Care + Employment Insurance, showing only the employee share. • Earned Income Tax: monthly withholding based on the simplified tax table; adjusted later at year-end settlement. • Local Income Tax: automatically calculated as 10% of the Earned Income Tax. • Monthly take-home pay: gross monthly salary minus all deductions above — the amount deposited to your bank. If your company pays bonuses separately, the withholding rate for that month can be different. The employer-paid share of the four insurances, Industrial Accident Insurance (fully employer-paid), and benefits such as meal vouchers are not included in this calculation.
Worked examples
KRW 50M salary, 0 dependents
Assume: annual salary KRW 50M, 0 dependents, KRW 200K/month non-taxable (meal allowance, etc.), standard tax credit applied. ① Monthly gross KRW 4.1667M − non-taxable KRW 200K = monthly taxable KRW 3.9667M ② Social insurance (employee share) ≈ KRW 385K/month (pension 188.4K + health 142.6K + long-term care 18.5K + employment 35.7K) ③ Annual taxable KRW 47.6M − personal deduction KRW 1.5M = taxable base KRW 46.1M ④ 15% bracket (progressive deduction KRW 1.26M) → calculated tax KRW 5.655M ⑤ Minus KRW 130K standard tax credit → determined tax KRW 5.525M, plus 10% local tax = KRW 6.077M/year ⑥ Monthly take-home ≈ KRW 3.275M (≈ KRW 39.3M/year)
KRW 100M salary, 2 dependents + 1 child over 8
Assume: annual salary KRW 100M, 2 dependents, 1 child over 8, KRW 200K/month non-taxable, standard tax credit applied. ① Monthly taxable KRW 8.1333M → social insurance (employee share) ≈ KRW 716K/month ② Personal deduction = KRW 1.5M (self) + 2 × KRW 1.5M (dependents) = KRW 4.5M → taxable base KRW 93.1M ③ 35% bracket (progressive deduction KRW 15.44M) → calculated tax KRW 17.145M ④ Minus child tax credit KRW 250K and standard credit KRW 130K → determined tax KRW 16.765M, plus 10% local tax = KRW 18.441M/year ⑤ Monthly take-home ≈ KRW 6.08M (≈ KRW 72.96M/year) Notice that even though salary doubled, take-home pay grows by less than double — social insurance caps, progressive tax brackets, and the fixed personal deduction all shrink as a share of a higher salary.
Things to keep in mind
- This calculator uses the simplified tax table, so the actual monthly withholding may differ depending on your company's HR system settings.
- Non-taxable allowances (meals, vehicle, etc.) vary by company policy and job grade. Check your own payslip to confirm.
- The child tax credit only applies as an extra deduction for children aged 8 or older. Children under 8 receive a separate monthly child allowance (KRW 100,000).
- Year-end settlement may yield a refund (if itemized deductions like medical, education, and credit card are high) or an additional payment. This calculator does not reflect those.
- Foreign workers may face different tax rates and non-taxable limits depending on resident/non-resident status. Confirm with your HR team or a tax accountant.
- Freelancers and sole proprietors are out of scope for this calculator. Use the comprehensive income tax calculator instead.
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.
- How are the four insurances different from income tax?
- The four insurances (National Pension, Health, Long-Term Care, Employment) are social insurance contributions deducted at fixed rates each month. Earned income tax is paid to the government and follows a progressive structure where the rate rises with higher salary. The insurances translate into future personal benefits (pension, medical care, unemployment), while income tax goes to general government revenue.
- Is it always better to leave the standard tax credit on?
- If the sum of itemized credits (medical expenses, education, donations, etc.) exceeds KRW 130,000, itemized is more favorable; otherwise the standard credit of KRW 130,000 wins. The two methods are compared and automatically applied at year-end settlement. This calculator turns the standard credit on by default.
- Does this apply to foreign workers as well?
- Foreigners who qualify as Korean residents (in Korea 183 days or more per year) are taxed at the same progressive rates as Korean nationals. Non-residents may be taxed at a separate flat rate of 19%. The four insurances may be waived under social security agreements with certain countries — confirm with your HR team.
- How are bonuses and incentive pay calculated?
- Bonuses are added to the pay of the month they are issued, so the withholding rate for that month can be higher than usual. Because this calculator assumes even monthly distribution across 12 months, the actual payslip may differ when bonuses are paid separately.
- Is there a cap or floor on national pension contributions?
- Yes. Above a monthly taxable income of KRW 6.59M (H2 2026), contributions are capped at that level (no matter how much higher your salary is), and below KRW 410K, contributions are floored at that level. This is why national pension feels proportionally lighter for high earners.
- Can freelancers or the self-employed use this calculator?
- No. This calculator assumes a wage earner enrolled in the 4 major social insurances through an employer. Freelancers and the self-employed are local subscribers with different health insurance/pension calculations and file under the comprehensive income tax system instead — see the income tax calculator.
Official Sources
Always verify with the official sources below