How much is the annual salary in 2023?
2023년 연봉 실수령액
2023 annual salary real income confirmation
How much will the real salary income be in 2023? If the new year is bright, I think it’s the biggest concern of all office workers. The minimum hourly wage in 2023 is KRW 9,620, a 5% increase from 2022. If this hourly wage is converted into monthly wage, it is said to be 2,010,580 won. However, since this is the amount before taxes, you need to subtract the 4 insurances and income tax to know the actual amount you receive.
The four major insurances are 4.5% of national pension, 3.545% of health insurance, 12.81% of long-term care insurance and 0.9% of employment insurance. Otherwise, you will receive the actual salary after deducting the sum of income tax and local tax, which is 10% of income tax. For the 4 insurances, the tax rate is applied to the amount excluding non-payroll items.
For this reason, even if I receive an annual salary of 36 million won, it does not mean that I receive 3 million won per month. The most embarrassing thing for newcomers to society or people who have never worked when they receive a salary statement is the actual salary, which is different from the contract salary. A person who earns 10 million won per month does not earn 120 million won, so he has to earn more money to earn 10 million won per month.
Check the 2023 annual salary real income table
The 2023 annual salary real income table below is a table calculated including one dependent after deducting 200,000 won per month for tax exemption. The amount shown in the table may differ from the amount you actually receive because each company and person has different tax-free items. As for the non-taxable item of 200,000 won per month, this item may be omitted in the case of a company that provides meals as meals.
Annual salary ranges from 20 million won to 40 million won. Since the minimum hourly wage is KRW 2,010,580 per month, it falls within this range on the annual salary table. If you sign a contract for about 27 million won as an annual salary, you will receive 2,034,090 won after deducting all taxes, so this can be regarded as the minimum annual salary.
In the case of small and medium-sized businesses, there are many companies with a starting salary of 2,700 to 2,800 won, so it can be said that they receive the minimum hourly wage by 2023. If there is a company that gives 25 million won, it can be seen as a company that does not even give the minimum annual salary.
2023-salary-real-receipt-table
Many people want to receive 3 million won per month. In order to receive a monthly salary of 3 million won or more, an annual salary of 40 million won or more is required. This is because even if you receive an annual salary of 40 million won, you will receive 2,933,513 won after deducting all taxes.
This is an annual salary range of 40 million to 60 million won, including 3 million to 4 million won in monthly actual income. You need to sign an annual salary of 42 million won or more to receive more than 3 million won per month. Even if you sign a contract for an annual salary of 42 million won, it is 36,723,600 won based on the actual salary. Don’t be fooled by the contract salary, as you will be taking more than 400,000 won in taxes.
The moment you earn over 4 million won per month, your annual salary is 57 million won. In the case of large companies, the starting salary is between 4,500 and 5,000 per year, so if you start working at a large company, you can get 400 per month right away.
2023-salary-real-receipt-table
If you work in a small business, you have to be a manager or manager to receive an annual salary of 4,000 to 5,000, so many people seem to be trying to get a job in a large company. If you go to a company that is more than that, such as Hyundai or Samsung, I think that you can start even if you receive more than this.
This is the range of 61 million to 80 million won in annual salary, which is the section where I received 4 million to 5 million won per month. Starting with an annual salary of 69 million won, the maximum amount of the national pension is 248,850 won. Since there is no upper limit for all other taxes except for the national pension, they are calculated continuously by applying the tax rate.
In this section, an annual salary where the sum of all taxes exceeds 1 million won will also appear. If you receive an annual salary of 70 million won, you will have more than 1 million won in taxes alone every month.
2023-salary-real-receipt-table
It is a section with a salary of 100 million. I thought that if I received an annual salary of 100 million won, I would still receive 7 to 8 million won per month, but the actual amount I receive is only about 6.5 million won. It seems that the more you earn, the more you pay in taxes. Still, I think it would be really nice to have a salary of 100 million.
If you have an acquaintance who earns more than 6 million won a month, you can see that he or she earns more than 90 million won. Everyone wants to get into this section, but it is also a difficult one.
2023-salary-real-receipt-table
So, how much should your annual salary be to earn 10 million won per month? Currently, the standard for this table is based on the non-salary item meal cost of 200,000 won and one dependent, but adding those items does not make much of a difference.
Based on this standard, if you receive an annual salary of 170 million won, you will receive an actual salary of 10 million won per month. It is expected that in order for an employee to earn an annual salary of 170 million won, he or she must be a mid-level position in the company or the president of a small and medium-sized business.
2023-salary-real-receipt-table
This is why many people try to earn 10 million won a month by running a business and doing a side job. Many people these days make money through N-Job. This may be why prices have gone up a lot, but wages haven’t gone up so much.
I hope everyone earns 10 million won a month through promotion, business success and N-job success.