Interest Income Tax Calculator
Calculate taxes on interest income from deposits, savings, bonds, and more
Subject to comprehensive taxation if over 20 million KRW annually
General Interest Income Tax Rate
- • Income Tax: 14%
- • Local Income Tax: 1.4% (10% of income tax)
- • Total: 15.4%
- • Completed through withholding
Comprehensive Tax (Over 20 million KRW annually)
- • Taxed together with other income
- • Progressive tax rates applied (6~45%)
- • Comprehensive income tax filing required
- • Basic deductions and others applicable
Tax Rates by Income Type
Deposits/Savings
15.4%
Bond Interest
15.4%
Foreign Currency
22.0%
Comprehensive Tax
6~45%
Tax Saving Tip: Manage your annual financial income to stay under 20 million KRW and utilize tax-preferred products (tax-preferred comprehensive savings, etc.) for tax savings.