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What deductions will I have from my salary?
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2017-06-02 03:52:40

The deductions from your salary will be income tax, health insurance, and pension. These deductions break down as follows:

·        Income tax: About 3%

·        Health insurance: 2.59%

·        National Pension 4.5%


All in all, the total deductions from your salary which include all of the above should be close to 10% of the salary. Therefore, if you make a salary of 2.2 million per month, your deductions should be in the neighborhood of 220,000 won and you should clear about 2 million per month.