Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 1,055,000
Employees' Provident Fund (EPF)
- RM 116,055
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 250,043
Total tax
- RM 366,430
Net pay
* RM 688,570
Marginal tax rate
38.6%
Average tax rate
34.7%
65.3%
Net pay
34.7%
Total tax
Total tax
Net pay
The Taxberg
RM 688,570
Net pay
RM 138,076
Tax the employer pays
RM 366,430
Tax you pay
Total tax paid
RM 504,506
Did you know your employer also pays tax on your salary? It costs the employer RM 138,076 to pay you RM 1,055,000. In other words, every time you spend RM 10 of your hard-earned money, RM 4.78 goes to the government.
Real tax rate
42.3%
So, with you and the employer both paying tax, what used to be a 34.7% tax rate now rises to 42.3%, meaning your real tax rate is actually 7.6% higher than what it seemed at first.
People also ask
RM 1,055,000 yearly is how much per hour?
RM 451 hourly is how much per year?
What is the average salary in Malaysia?
Summary
If you make RM 1,055,000 a year living in Malaysia, you will be taxed RM 366,430. That means that your net pay will be RM 688,570 per year, or RM 57,381 per month. Your average tax rate is 34.7% 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.
Compare average tax
Tax per income
RM 1,055,000
RM 1,060,000
RM 1,065,000
RM 1,070,000
RM 1,075,000
RM 1,080,000
RM 1,085,000
RM 1,090,000
RM 1,095,000
RM 1,100,000
RM 1,105,000
RM 1,110,000
RM 1,115,000
RM 1,120,000
RM 1,125,000
RM 1,130,000
RM 1,135,000
RM 1,140,000
RM 1,145,000
RM 1,150,000
Europe
Country 
Net pay
Average tax
Rank
Russia
MYR 917850
13.0%
1
Hungary
MYR 859825
18.5%
2
Ukraine
MYR 849275
19.5%
3
Czech Republic
MYR 807668
23.4%
4
Switzerland
MYR 717272
32.0%
5
United Kingdom
MYR 644611
38.9%
6
Poland
MYR 619423
41.3%
7
Norway
MYR 617545
41.5%
8
Romania
MYR 617175
41.5%
9
Spain
MYR 617073
41.5%
10
Austria
MYR 613868
41.8%
11
France
MYR 601433
43.0%
12
Greece
MYR 599910
43.1%
13
Denmark
MYR 597555
43.4%
14
Netherlands
MYR 573443
45.7%
15
Ireland
MYR 572046
45.8%
16
Sweden
MYR 569896
46.0%
17
Luxembourg
MYR 566522
46.3%
18
Germany
MYR 560437
46.9%
19
Italy
MYR 510960
51.6%
20
Finland
MYR 456303
56.8%
21
Portugal
MYR 437378
58.5%
22
Belgium
MYR 418443
60.3%
23
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North America
Country 
Net pay
Average tax
Rank
USA
MYR 690596
34.5%
1
Canada
MYR 593881
43.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Kazakhstan
MYR 919364
12.9%
1
Hong Kong
MYR 890194
15.6%
2
Singapore
MYR 859776
18.5%
3
Thailand
MYR 746844
29.2%
4
Taiwan
MYR 744675
29.4%
5
Indonesia
MYR 729648
30.8%
6
China
MYR 706136
33.1%
7
Pakistan
MYR 705556
33.1%
8
Vietnam
MYR 693021
34.3%
9
New Zealand
MYR 690742
34.5%
10
Malaysia
MYR 688570
34.7%
11
Philippines
MYR 686159
35.0%
12
Japan
MYR 678323
35.7%
13
South Korea
MYR 670684
36.4%
14
Australia
MYR 644308
38.9%
15
India
MYR 536507
49.2%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
MYR 937200
11.2%
1
Brazil
MYR 767362
27.3%
2
Uruguay
MYR 761677
27.8%
3
Costa Rica
MYR 758369
28.1%
4
Colombia
MYR 744049
29.5%
5
Chile
MYR 741074
29.8%
6
Panama
MYR 733678
30.5%
7
Puerto Rico
MYR 707255
33.0%
8
Mexico
MYR 707048
33.0%
9
Argentina
MYR 685719
35.0%
10
Peru
MYR 681102
35.4%
11
Ecuador
MYR 662277
37.2%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
MYR 768280
27.2%
1
Kenya
MYR 740743
29.8%
2
Nigeria
MYR 718161
31.9%
3
Ivory Coast
MYR 714577
32.3%
4
Ghana
MYR 702298
33.4%
5
Mozambique
MYR 695541
34.1%
6
Zambia
MYR 650118
38.4%
7
Morocco
MYR 649321
38.5%
8
Cameroon
MYR 647793
38.6%
9
Senegal
MYR 638064
39.5%
10
South Africa
MYR 624297
40.8%
11
Uganda
MYR 596067
43.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
Kuwait
MYR 1008011
4.5%
1
Bahrain
MYR 1004899
4.8%
2
United Arab Emirates
MYR 1002250
5.0%
3
Qatar
MYR 1002250
5.0%
4
Saudi Arabia
MYR 991221
6.1%
5
Oman
MYR 970600
8.0%
6
Egypt
MYR 792473
24.9%
7
Lebanon
MYR 792088
24.9%
8
Israel
MYR 635966
39.7%
9
Turkey
MYR 615291
41.7%
10
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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.