Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 1,160,001
Employees' Provident Fund (EPF)
- RM 127,603
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 279,017
Total tax
- RM 406,951
Net pay
*
RM 753,050
Marginal tax rate
38.6%
Average tax rate
35.1%
64.9%
Net pay
35.1%
Total tax
Total tax
Net pay
The Taxberg
RM 753,050
Net pay
RM 151,725
Tax the employer pays
RM 406,951
Tax you pay
Total tax paid
RM 558,676
Did you know your employer also pays tax on your salary? It costs the employer RM 151,725 to pay you RM 1,160,001. In other words, every time you spend RM 10 of your hard-earned money, RM 4.82 goes to the government.
Real tax rate
42.6%
So, with you and the employer both paying tax, what used to be a 35.1% tax rate now rises to 42.6%, meaning your real tax rate is actually 7.5% higher than what it seemed at first.
Summary
If you make RM 1,160,001 a year living in Malaysia, you will be taxed RM 406,951. That means that your net pay will be RM 753,050 per year, or RM 62,754 per month. Your average tax rate is 35.1% 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.
North America
Country
Net pay
Average tax
Rank
USA
MYR 748358
35.5%
1
Canada
MYR 642675
44.6%
2
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.