Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 1,023,750
Employees' Provident Fund (EPF)
- RM 112,619
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 241,420
Total tax
- RM 354,371
Net pay
* RM 669,379
Marginal tax rate
38.6%
Average tax rate
34.6%
65.4%
Net pay
34.6%
Total tax
Total tax
Net pay
Summary
If you make RM 1,023,750 a year living in Malaysia, you will be taxed RM 354,371. That means that your net pay will be RM 669,379 per year, or RM 55,782 per month. Your average tax rate is 34.6% and your marginal tax rate is 38.6%. 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 38.59, hence, your net pay will only increase by RM 61.41.
Bonus Example
A RM 1,000 bonus will generate an extra RM 614 of net incomes. A RM 5,000 bonus will generate an extra RM 3,071 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.