The formula
Net payment = Gross × (1 − 0.033)
Calculations run in your browser. Displayed values are rounded, while intermediate calculations keep their full precision.
What this estimate assumes
- Income tax is 3% and local income tax is 0.3%.
- Withholding is an advance payment, not necessarily the final tax liability.
A quick reality check
₩3,000,000 gross
Withholding is ₩99,000 and expected payment is ₩2,901,000.
Common questions
Is 3.3% the final tax?
Not necessarily. Final liability is settled through the applicable Korean tax filing.