A method for transmitting an uplink physical channel in a wireless communication system and a device supporting the same are disclosed. More specifically, the method performed by a user equipment (UE) includes receiving, from a base station, transmission power related information via higher layer signaling, receiving a physical downlink control channel from the base station, and transmitting the uplink physical channel to the base station based on the physical downlink control channel, wherein the uplink physical channel includes a first uplink physical channel or a second uplink physical channel, wherein transmission powers for the first uplink physical channel and the second uplink physical channel are respectively calculated by different power related parameters determined based on the transmission power related information and the physical downlink control channel.