Deduction Items Explained
💰 National Pension (4.5%)
Pension for retirement security. Company and employee each pay 4.5%, totaling 9%.
🏥 Health Insurance (3.545%)
Insurance for medical expenses. Long-term care insurance (12.27% of health insurance) is added.
💼 Employment Insurance (0.9%)
Insurance for unemployment benefits. Employee pays 0.9%.
FAQ
Q. What is a non-taxable amount?
Salary items not subject to tax. Examples include meal allowance (up to 200k KRW) and childcare allowance. Higher non-taxable amounts mean lower tax and higher net pay.
Q. Difference between Severance Excluded/Included?
If 'Included', annual salary is divided by 13 (12 for monthly pay, 1 for severance). So monthly net pay is lower than 'Excluded' (salary / 12).