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.