CalcHub
Free Salary & Tax CalculatorAs of 2024
📝 Enter salary information
pre-tax monthly salary3 million won
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1 million5 million10 million20 million
Number of dependents (including yourself)
💡 As of 2024. Please enter taxable salary excluding non-taxable allowances.
📊 Calculation result
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After entering the pre-tax salary
Calculate Net PayPlease press .
Monthly net income
—
—
pre-tax amount—
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 salary
Calculate the monthly net income by applying the 4 major insurance rates and the simplified tax table based on 2024 standards.
2024 Four Major Insurance Rates (Employee Burden)
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
💡 The actual income tax is finalized through the year-end tax settlement. This calculator provides estimates based on the simplified tax table.
Frequently Asked Questions
What is net pay?
This is the actual amount deposited into your bank account after deducting the four major insurances (National Pension, Health Insurance, Long-term Care Insurance, and Employment Insurance), income tax, and local income tax from your pre-tax salary.
What are the rates for the four major insurances?
Worker contributions in 2024: National Pension 4.51 TP3T, Health Insurance 3.5451 TP3T, Long-term Care approximately 0.4591 TP3T, and Employment Insurance 0.91 TP3T. The total is approximately 9.41 TP3T.
Are non-taxable allowances included in the calculation?
This calculator is based on taxable salary. Please enter only the taxable amount, excluding non-taxable allowances such as meal allowances (200,000 KRW per month) and vehicle maintenance expenses.