Interest Income Tax Calculator

Calculate taxes on interest income from deposits, savings, bonds, and more

Interest Income Information
Enter your interest income and select income type

Subject to comprehensive taxation if over 20 million KRW annually

Interest Income Tax Guide

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.

    Interest Income Tax Calculator