Take-Home Pay Calculator (Korea)
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The number on your contract and the amount that lands in your account each month are quite different. Korea deducts four social insurances (National Pension, Health, Long-term Care, Employment) plus income and local tax. This calculator reflects 2026 rates to show that gap in advance.
How is take-home pay calculated?
Monthly net = monthly gross − (Pension + Health + Long-term Care + Employment) − (Income tax + Local tax).
| Item | Employee share | Base |
|---|---|---|
| National Pension | 4.75% | Capped monthly income (max 6.59M) |
| Health Insurance | 3.595% | Monthly wage |
| Long-term Care | 12.95% of health premium | On health premium |
| Employment | 0.9% | Monthly wage |
| Income tax | Simplified table | By dependents |
| Local income tax | 10% of income tax | On income tax |
Example: a 40M KRW salary
With a 40,000,000 KRW annual salary, 200,000 KRW/month non-taxable meal allowance, and one dependent, the monthly take-home is about 2,908,635 KRW — roughly 34.9M KRW per year after deductions.
Frequently Asked Questions
▶Why does it differ slightly from my payslip?
This is an estimate based on the simplified tax table. Bonus splitting, non-taxable items, and extra deductions vary by employer, so expect small differences.
▶How do I enter the non-taxable meal allowance?
If your pay includes a meal allowance treated as non-taxable, enter 200000 in the non-taxable field. A larger non-taxable amount lowers insurance and tax, raising take-home pay.
▶How is this different from the freelancer 3.3%?
Freelancers have 3.3% withheld instead of the four insurances and file comprehensive income tax in May. They also pay health insurance separately as a regional subscriber, so the structure is entirely different.