Free Salary & Tax Calculator As of 2026

2026 Salary and Taxes
Calculator Collection

Use 14 calculators at once, including salary, annual salary, hourly wage, severance pay, four major insurances, and VAT.

⚡ Instant Payment 📊 As of 2026 14 types of calculators 💯 Completely Free
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Instantly check your monthly net pay and deductions with a single annual salary input.
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14 types
Salary & Tax Calculator
9,860 won
2024 Minimum Wage
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Check out 14 calculators in 3 groups by category.

💵 Payroll Calculation Group
💵
#1 in popularity

Salary Calculator

Calculation of net pay after deducting the four major insurances and income tax from pre-tax salary

Net incomeDeduction details
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📊
Salary negotiation is essential

Salary Calculator

Calculate monthly net pay and total annual deductions by entering annual salary

Monthly net incomeAfter-tax monthly salary
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📅
Monthly Deduction Details

Salary Calculator

Check details of 4 major insurance and income tax deductions from pre-tax monthly salary

Net monthly salaryDeduction rate
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⏰
Minimum hourly wage standards

Hourly wage calculator

Calculate daily wage, weekly wage, monthly wage, annual salary, and weekly holiday allowance based on hourly wage and working hours

weekly holiday allowanceMonthly salary conversion
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📆
new

Weekly wage calculator

Conversion from weekly wage to monthly/annual wage and calculation of net pay

Net weekly wageMonthly salary conversion
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🗓️
Essential for daily workers

First-class calculator

Net pay after converting daily wage to monthly/annual salary and daily worker tax deduction

daily net payDaily wage tax
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🧾 Tax & Deduction Group
📋
Essentials for Freelancers

Withholding tax calculator

Withholding tax and reverse calculation for business income 3.31 TP3T, other income 8.81 TP3T

3.3%Inverse calculation
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🏷️
Business owner required

VAT calculator

Mutual conversion between supply price and price including VAT, VAT 10% immediate calculation

VAT 10%Inverse calculation
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💳
High search volume

Net Pay Calculator

Quickly check your net pay by entering your annual or monthly salary

Net income after taxTotal deductions
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🛡️
4 Major Insurances Only

4 Major Insurance Calculator

Detailed calculation of National Pension, Health Insurance, Employment Insurance, and Industrial Accident Insurance premiums

National Pensionhealth insuranceEmployment insurance
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🏦 Work & Compensation Group
🎁
Part-time job essential

Weekly Holiday Allowance Calculator

Weekly holiday allowance is automatically calculated when working 15 hours or more per week.

weekly holiday allowanceBased on 15 hours
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🏦
Retirement is essential

Severance Pay Calculator

Calculate estimated severance pay based on average wage and days of employment

severance payAverage wageDays of employment
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🧾
Tax plan

Severance pay tax calculator

Calculation of net pay received after deducting retirement income tax from severance pay

Retirement income taxNet income
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🔄
Conversion tool

Salary Conversion Calculator

Inter-rate conversion between hourly wage, daily wage, weekly wage, monthly wage, and annual wage

Salary conversionMutual conversion
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Key Information on Salary and Taxes in 2026

The actual amount received from your salary (net pay) is determined after deducting the four major insurance contributions and income tax. Knowing the key figures helps with salary negotiations and tax planning.

2026 Minimum Hourly Wage · Minimum Monthly Wage

Minimum hourly wage: 9,860 won (as of 2026)
Minimum monthly wage: 2,060,740 won (based on 40 hours per week, 209 hours per month)
Minimum annual salary: 24,728,880 won

Four Major Insurance Rates (Employee Burden in 2026)

National Pension 4.5% · Health Insurance 3.545%
Long-term care approx. 0.4591 TP3T · Employment insurance 0.91 TP3T
Total approximately 9.41 TP3T
Net income = Pre-tax salary − Four major insurances − Income tax − Local income tax. May vary depending on the number of dependents and non-taxable items.

Conversion standards by salary type

  • Hourly wage → Monthly wage: Hourly wage × 209 hours (based on 40 hours per week)
  • Weekly wage → Monthly wage: Weekly wage × 4.345 weeks
  • Daily wage → Monthly wage: Daily wage × 21.75 days
  • Monthly Salary → Annual Salary: Monthly Salary × 12

Frequently Asked Questions

What is the minimum hourly wage in 2026?
The minimum hourly wage in 2026 is 9,860 won. Based on a 40-hour workweek and 209 hours per month, the minimum monthly wage is 2,060,740 won. You can automatically calculate daily, weekly, and monthly wages by entering working hours into the hourly wage calculator.
How is the net annual salary calculated?
Deduct the four major insurance contributions (approximately 9.41 TP3T) and income and local income taxes from the monthly salary calculated by dividing the annual salary by 12. Since income tax varies depending on the number of dependents, please check the exact amount using an annual salary calculator.
How is severance pay calculated?
Severance pay is calculated as follows: Average Wage × 30 days × (Number of days worked ÷ 365). The average wage is the total wages earned during the three months prior to retirement divided by the number of days in that period. It accrues after one year of service.
When can I receive the weekly holiday allowance?
If you work at least 15 hours of scheduled work per week and have perfect attendance without absence during that week, you will receive one day's regular wage as a weekly holiday allowance. The same applies to part-time workers.
How is the freelancer withholding tax 3.3% calculated?
The business income withholding tax rate is 3.3% = Income tax 3% + Local income tax 0.3%. The withholding tax amount is Payment Amount × 3.3%, and the net amount received is Payment Amount × 96.7%.

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