Take-Home Pay Calculator
Calculate net salary after social insurance and income tax deductions.
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공제 내역 (월)
Overview
The Take-Home Pay Calculator estimates your actual monthly salary after deducting Korea's four major social insurances (National Pension, Health Insurance, Long-Term Care Insurance, Employment Insurance) plus income tax and local income tax from your gross annual salary.
Formula
Monthly Take-Home Pay = (Annual Salary ÷ 12) − National Pension − Health Insurance − Long-Term Care Insurance − Employment Insurance − Income Tax − Local Income Tax • National Pension: Monthly salary × 4.5% (cap at KRW 5.9M) • Health Insurance: Monthly salary × 3.545% • Long-Term Care: Health Insurance × 12.95% • Employment Insurance: Monthly salary × 0.9% • Income Tax: Simplified tax table • Local Income Tax: Income Tax × 10%
How to Use
- 1Enter your gross annual salary (or monthly salary).
- 2Select the number of dependents and children under 20.
- 3Enter any non-taxable allowances (e.g., meal allowance of KRW 200,000).
- 4Click 'Calculate' to see insurance premiums, taxes, and net monthly pay.
Tips
- ✔Non-taxable meal allowances (up to KRW 200,000/month) increase your take-home pay.
- ✔More dependents reduce your income tax burden.
- ✔Bonuses are taxed separately and may differ from regular monthly deductions.
- ✔National Pension has an upper cap on the standard monthly income, so high earners pay a fixed maximum.
FAQ
Q. What is the take-home pay for a KRW 50M annual salary?
With one dependent (yourself), after deducting social insurance and taxes, the monthly take-home pay is approximately KRW 3.5–3.6M. This varies by non-taxable items and dependents.
Q. What are common non-taxable allowances?
Meal allowance (KRW 200,000/month), vehicle maintenance subsidies, and research activity allowances are common non-taxable items under Korean tax law.
Q. Do insurance rates change every year?
Yes, health insurance and long-term care insurance rates are adjusted annually. National Pension (9% total, 4.5% employee) and employment insurance employee share (0.9%) have remained stable in recent years.
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