Korea, Republic of
Individual - Sample personal income tax calculation
Last reviewed - 28 July 2025
Calendar year 2025
Assumptions
- Foreign expatriate working in Korea - Resident.
- Married with two children (both are more than eight years old but less than 20 years old).
- Spouse has no income.
- No tax reimbursement by company.
- No itemised deductions available.
Tax computation
| |
KRW |
| Gross income: |
|
| Annual salary |
100,000,000 |
| Less: |
|
| Employment income deduction |
(14,750,000) |
| Adjusted gross income |
85,250,000 |
| Less: |
|
| Personal deduction for taxpayer |
(1,500,000) |
| Personal deduction for spouse and two children |
(4,500,000) |
| Taxable income |
79,250,000 |
| Income tax |
13,260,000 |
| Earned income tax credit |
(500,000) |
| Special tax credit |
(130,000) |
| Children tax credit |
(550,000) |
| Income tax after credit |
12,080,000 |
| Local income tax (10% of income tax) |
1,208,000 |
| Total tax liability |
13,288,000 |
