Individual income tax and National insurances in Korea.

If anybody get some salary from a company, he should pay individual income tax and national insurances.

 

The individual income tax rate is as below.

Amount(after various deduction)      individual income tax rate

0~12,000,000                                                       6%

12,000,000~46,000,000                                       15%

46,000,000~88,000,000                                       24%

88,000,000~300,000,000                                     35%

300,000,000~                                                      38%

And the residence tax is 10% of individual income tax.

Tel: 02-555-3919 from Korea,+82-2-555-3919 from abroad. Email: energy17jyw@gmail.com