liminfoPayroll Calculator
Free web tool: Payroll Calculator
Meal allowance, etc.
Gross Pay
4,000,000 KRW
Total Deductions
-864,541 KRW
Net Pay
3,135,459 KRW
Pay Composition
Deduction Breakdown (2026)
| Item | Rate | Amount |
|---|---|---|
| Social Insurance | ||
| National Pension (NPS) | 4.5% | 171,000 KRW |
| Health Insurance (NHI) | 3.545% | 134,710 KRW |
| Long-Term Care (LTC) | 12.81% | 17,256 KRW |
| Employment Insurance | 0.9% | 34,200 KRW |
| Insurance Subtotal | 357,166 KRW | |
| Taxes | ||
| Income Tax (simplified) | Progressive | 461,250 KRW |
| Local Income Tax | 10% | 46,125 KRW |
| Total Deductions | -864,541 KRW | |
| Net Pay | 3,135,459 KRW | |
2026 Income Tax Brackets
| Taxable Income | Rate |
|---|---|
| 0M ~ 1200M | 6% |
| 1200M ~ 4600M | 15% |
| 4600M ~ 8800M | 24% |
| 8800M ~ 1.5B | 35% |
| 1.5B ~ 3B | 38% |
| 3B ~ 5B | 40% |
| 5B ~ 10B | 42% |
| 10B ~ + | 45% |
2026 Net Pay Quick Reference
1 dependent (self), 200K non-taxable · Approximate estimate
| Annual | Monthly Gross | Monthly Net | Annual Net | Deduction % |
|---|---|---|---|---|
| 3000M | 2,500,000 | 2,023,945 | 2429만 | 19.0% |
| 4000M | 3,333,333 | 2,641,453 | 3170만 | 20.8% |
| 5000M | 4,166,667 | 3,245,760 | 3895만 | 22.1% |
| 6000M | 5,000,000 | 3,780,768 | 4537만 | 24.4% |
| 7000M | 5,833,333 | 4,315,775 | 5179만 | 26.0% |
| 8000M | 6,666,667 | 4,864,133 | 5837만 | 27.0% |
| 1B | 8,333,333 | 5,912,347 | 7095만 | 29.1% |
※ Blue row indicates the closest bracket to your current input.
About Payroll Calculator
The Korean Payroll Calculator computes your net take-home pay from a gross monthly salary by deducting the four mandatory social insurances (National Pension at 4.5% with 6,170,000 KRW cap, Health Insurance at 3.545%, Long-term Care Insurance at 12.81% of health premium, Employment Insurance at 0.9%) plus progressive income tax (8 brackets from 6% to 45%) and local income tax (10% of income tax).
Features a year selector (2024/2025/2026) to compare tax rates across years, monthly vs annual toggle, visual pay composition chart, detailed breakdown table, and CSV/image export. Designed for Korean employees, HR professionals, and job seekers who need accurate payroll estimates.
All calculations run entirely in your browser with 2024-2026 Korean social insurance and income tax rates. No data is sent to any server, making it safe for salary-sensitive information.
Key Features
- Year selector (2024/2025/2026) with auto-applied Korean tax rates and social insurance rates
- National Pension (4.5%) with updated income ceiling: 5.9M (2024) vs 6.17M (2025-2026) KRW
- Full 8-bracket progressive income tax: 6%, 15%, 24%, 35%, 38%, 40%, 42%, 45%
- Health Insurance (3.545%) and Long-term Care Insurance (12.81%) breakdown
- Monthly vs Annual toggle to view deductions in either timeframe
- Visual pay composition bar chart showing net pay, insurance, and tax proportions
- Detailed deduction breakdown table with rates and amounts for each line item
- Non-taxable income and dependents input for more accurate tax estimation
- CSV export with Korean BOM encoding for Excel compatibility
- Image export (PNG) for sharing or record-keeping
- Cross-links to related calculators: salary, take-home pay, severance, year-end tax, pension
- Expandable income tax bracket reference table for the selected year
Frequently Asked Questions
What changed in 2025-2026 Korean payroll rates?
The National Pension income ceiling increased from 5,900,000 KRW (2024) to 6,170,000 KRW (2025-2026). For 2026, the income tax brackets were adjusted: the 6% bracket changed from 14M to 12M, and the 15% bracket changed from 50M to 46M. Health insurance, long-term care, and employment insurance rates remain the same across 2024-2026.
What deductions does this Korean payroll calculator include?
It calculates eight deductions: National Pension (4.5% of taxable income, capped), Health Insurance (3.545%), Long-term Care Insurance (12.81% of health premium), Employment Insurance (0.9%), progressive income tax using all 8 Korean tax brackets (6% to 45%), and local income tax (10% of income tax). Dependents and non-taxable income are factored in.
How is the income tax calculated?
The calculator applies Korea's 8-tier progressive tax system to annual taxable income: 6% up to 12M (2026) or 14M (2024-2025), 15% up to 46M/50M, 24% up to 88M, 35% up to 150M, 38% up to 300M, 40% up to 500M, 42% up to 1B, and 45% above 1B. Personal deduction (1.5M per dependent x 15%) is subtracted, then divided by 12 for monthly withholding.
Why did the National Pension cap change to 6,170,000 KRW?
Korean National Pension adjusts its standard monthly remuneration cap periodically. From 2025, the cap increased from 5,900,000 to 6,170,000 KRW per month, meaning higher earners pay slightly more in pension contributions. The rate remains 4.5% for both employee and employer.
What is Long-term Care Insurance?
Long-term Care Insurance (장기요양보험) is calculated as 12.81% of your Health Insurance premium. It funds eldercare services in Korea. It is not a separate percentage of your salary but a surcharge on the health insurance amount.
Is this calculator accurate for my actual payroll?
This calculator provides a close estimate based on official rates for 2024-2026. Actual payroll may differ due to: number of dependents affecting income tax, additional allowances or bonuses, company-specific benefits, and year-end tax settlement adjustments. Use it for quick estimation purposes.
Does this calculator work for freelancers or self-employed?
This calculator is designed for regular employees (근로소득자). Freelancers and self-employed individuals have different insurance contribution rates and tax calculation methods. For example, self-employed pay both employer and employee shares of social insurance.
Can I export the payroll breakdown?
Yes, you can export results as CSV (with Korean BOM encoding for Excel compatibility) or as a PNG image. The export includes all deduction line items, rates, and the final net pay amount for the selected year and period (monthly or annual).