Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 70,000
EPF
- RM 7,700
SOCSO
- RM 237
EIS
- RM 94.80
Tax
- RM 4,876
Total tax
- RM 12,907
Net pay
* RM 57,093
Marginal tax rate
28.9%
Average tax rate
18.4%
81.6%
Net pay
18.4%
Total tax
Total tax
Net pay
Summary
If you make RM 70,000 a year living in Malaysia, you will be taxed RM 12,907. That means that your net pay will be RM 57,093 per year, or RM 4,758 per month. Your average tax rate is 18.4% and your marginal tax rate is 28.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of RM 100 in your salary will be taxed RM 28.93, hence, your net pay will only increase by RM 71.07.
Bonus Example
A RM 1,000 bonus will generate an extra RM 711 of net incomes. A RM 5,000 bonus will generate an extra RM 3,554 of net incomes.
NOTE* Deductions are calculated based on the tables of Malaysia, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.