Calculator/Finance Calculator/ Take-Home Salary Calculator

What is take-home pay?

Take-home pay is the amount that actually lands in your account after social insurance (national pension, health insurance, employment insurance) and taxes are deducted from your salary. It differs significantly from your gross salary.

Enter Your Details

$

Your total annual pay as stated in your contract.

$

Amount not subject to tax (e.g., 200,000 KRW meal allowance).

The number of people including yourself. Enter 1 if just you.

How It Is Calculated

Take-home pay is your gross monthly salary minus national pension (4.5%), health insurance (3.545%), long-term care (12.95% of the health insurance premium), and employment insurance (0.9%), plus income tax and local income tax.

How to Use

  1. Enter your gross annual salary.
  2. Enter your monthly non-taxable amount, such as a meal allowance. The default is 200,000 KRW.
  3. Enter the number of dependents including yourself.
  4. Press Calculate to see your monthly take-home pay and deduction breakdown.

Example

For example, with an annual salary of 40 million KRW (200,000 KRW monthly non-taxable, 1 dependent), the gross monthly salary is about 3.33 million KRW, and after social insurance and taxes the monthly take-home pay is around 3 million KRW.

Frequently Asked Questions

Why is there a big gap between salary and take-home pay?
Because national pension, health insurance, employment insurance, income tax, and local income tax are deducted every month.
What is the non-taxable amount?
It is a pay item not subject to tax, such as a meal allowance. A larger non-taxable amount reduces taxes and insurance premiums, increasing your take-home pay.
Is this result exactly the same as my actual salary?
Income tax is an approximation from the simplified tax table, so it may differ slightly, and it varies by company and personal deductions. Please use it for reference.