{"slug":"income-tax-south-korea","name":"South Korea Income Tax Calculator (2024)","category":"earn","tags":["tax","income"],"aliases":["South Korea tax calculator","tax calculator South Korea","South Korea income tax","income tax South Korea","income tax calculator South Korea","South Korea income tax rate","income tax South Korea rate","how much is income tax in South Korea","South Korea tax income","South Korea salary tax"],"region":"KR","tagline":"2024 South Korea income tax: tax owed, effective rate, marginal rate, and take-home pay.","endpoint":"https://xearno.tools/api/v1/tools/income-tax-south-korea","page":"https://xearno.tools/t/income-tax-south-korea","description":"Computes South Korea personal income tax for 2024 using the official progressive brackets, and explains the number the way it actually works: your marginal rate versus your effective rate, how far you are from the next bracket, and exactly what this model excludes.","inputSchema":{"type":"object","properties":{"annualIncome":{"description":"Annual income (KRW)","type":"number","minimum":0,"default":50000000},"deduction":{"description":"Deductions (KRW) Prefilled with the standard deduction/allowance.","type":"number","minimum":0,"default":1500000}},"required":[],"additionalProperties":false},"methodology":["Cumulative progressive calculation: each slice of taxable income is taxed at its bracket's rate — 6% up to 14,000,000, 15% up to 50,000,000, 24% up to 88,000,000, … up to 45% at the top. Taxable income = annual income − deductions.","Basis: 2024 national rates, basic deduction ₩1,500,000. Bracket tables are updated when the jurisdiction publishes new rates; the tax year is stated in the tool name so you never mistake stale rates for current ones.","Scope: personal income tax only. Excluded: local income tax (10% of national tax), earned-income deduction, and social insurance. Real filings involve credits, reliefs, and personal circumstances this calculator deliberately does not guess at."],"usage":"POST https://xearno.tools/api/v1/tools/income-tax-south-korea with a JSON body matching inputSchema."}