Free Salary & Tax CalculatorAs of 2024

Enter pre-tax monthly salary → Check deduction details📅 Salary Calculator

If you enter your pre-tax monthly salary and the number of dependents, it calculates your monthly net income and deduction details after deductions for the four major insurances and income tax.

📅 Monthly net income🏥 4 Major Insurance DetailsIncome tax💰 Deduction Rate
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Enter salary information
pre-tax monthly salary3 million won
원
1 million5 million10 million20 million
Number of dependents (including yourself)
Monthly Salary = Base Salary + Fixed Allowances. Please enter excluding non-taxable allowances.
Calculation result
📅

After entering the pre-tax monthly salary
Please press Calculate.

Monthly net income
—
—
pre-tax monthly salary—
National Pension (4.5%)—
Health Insurance (3.545%)—
Long-term care insurance—
Employment Insurance (0.9%)—
income tax—
Local income tax—
Total deduction amount—
Net pay —duty —insurance —
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How to calculate net monthly salary

The net salary is the amount remaining after deducting the four major insurance premiums and income tax from the monthly salary. The four major insurance premium rates and simplified tax table based on 2024 standards are reflected.

Four Major Insurance Rates (Employee Burden in 2024)

National Pension 4.51 TP3T + Health Insurance 3.5451 TP3T + Long-term Care 0.4591 TP3T + Employment Insurance 0.91 TP3T = Approx. 9.41 TP3T
Non-taxable allowances (such as a monthly meal allowance of 200,000 won) are excluded when calculating the four major insurances and income tax. Please enter only taxable salary.

Frequently Asked Questions

What is the difference between monthly salary and salary?
A monthly salary is a fixed wage paid on a monthly basis. Salary is the total amount paid, including base pay and various allowances. This calculator is based on taxable salary.
How do I check my pre-tax monthly salary?
The total payment amount on the payslip is the pre-tax monthly salary. This amount is before various deductions; if non-taxable allowances are included, please exclude those amounts when entering the figure.

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