CalcHub
Free Salary & Tax CalculatorAs of 2024
📝 Enter salary information
pre-tax monthly salary3 million won
원
1 million5 million10 million20 million
Number of dependents (including yourself)
💡 Monthly salary is the sum of base salary + fixed allowances. Please exclude non-taxable allowances.
📊 Calculation result
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After entering the pre-tax monthly salary
Calculate monthly net incomePlease press .
Monthly net income
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—
pre-tax amount—
National Pension—
health insurance—
Long-term care insurance—
Employment insurance—
income tax—
Local income tax—
Total deduction amount—
Net pay —duty —insurance —
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2024 Four Major Insurance and Income Tax Standards
The net pay is calculated by deducting National Pension, Health Insurance, Long-term Care Insurance, Employment Insurance, and income tax based on the Simplified Tax Table.
National Pension 4.51 TP 3T + Health Insurance 3.5451 TP 3T + Long-term Care Approx. 0.4591 TP 3T + Employment Insurance 0.91 TP 3T
Income Tax: Based on the Simplified Tax Table · Local Income Tax: Income Tax × 10%
Income Tax: Based on the Simplified Tax Table · Local Income Tax: Income Tax × 10%
💡 The actual income tax is finalized through the year-end tax settlement. Please enter only the taxable amount, excluding non-taxable allowances (such as meal allowances of 200,000 won).
Frequently Asked Questions
How are non-taxable allowances handled when calculating net pay?
Non-taxable allowances, such as a monthly meal allowance of 200,000 won and vehicle maintenance expenses, are excluded from the calculation of the four major insurances and income tax. Please enter only taxable salary into this calculator.
Do the rates for the four major insurance programs change every year?
Yes, it is adjusted annually. As of 2024: National Pension 4.51 TP3T, Health Insurance 3.5451 TP3T, Long-term Care 0.4591 TP3T (12.951 TP3T of Health Insurance premiums), and Employment Insurance 0.91 TP3T.
What is the difference between the year-end tax settlement and this calculator?
This calculator calculates the monthly withholding tax based on the simplified tax table. The actual tax is finalized during the year-end tax settlement the following year, reflecting various deductions (medical expenses, education expenses, donations, etc.).