Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 19,680,000
Employees' Provident Fund (EPF)
- RM 2,164,973
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 5,817,550
Total tax
- RM 7,982,855
Net pay
*
RM 11,697,145
Marginal tax rate
41.0%
Average tax rate
40.6%
59.4%
Net pay
40.6%
Total tax
Total tax
Net pay
The Taxberg
RM 11,697,145
Net pay
RM 2,559,163
Tax the employer pays
RM 7,982,855
Tax you pay
Total tax paid
RM 10,542,017
Did you know your employer also pays tax on your salary? It costs the employer RM 2,559,163 to pay you RM 19,680,000. In other words, every time you spend RM 10 of your hard-earned money, RM 5.36 goes to the government.
Real tax rate
47.4%
So, with you and the employer both paying tax, what used to be a 40.6% tax rate now rises to 47.4%, meaning your real tax rate is actually 6.8% higher than what it seemed at first.
Summary
If you make RM 19,680,000 a year living in Malaysia, you will be taxed RM 7,982,855. That means that your net pay will be RM 11,697,145 per year, or RM 974,762 per month. Your average tax rate is 40.6% and your marginal tax rate is 41.0%. 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 41, hence, your net pay will only increase by RM 59.
Bonus Example
A RM 1,000 bonus will generate an extra RM 590 of net incomes. A RM 5,000 bonus will generate an extra RM 2,950 of net incomes.
Europe
Country
Net pay
Average tax
Rank
Russia
MYR 17121600
13.0%
1
Hungary
MYR 16039200
18.5%
2
Ukraine
MYR 15842400
19.5%
3
Czech Republic
MYR 15148918
23.0%
4
Romania
MYR 11512800
41.5%
5
Poland
MYR 11338948
42.4%
6
Greece
MYR 11029910
44.0%
7
Switzerland
MYR 10533883
46.5%
8
Norway
MYR 10414295
47.1%
9
Luxembourg
MYR 10404247
47.1%
10
Italy
MYR 10285711
47.7%
11
United Kingdom
MYR 10283048
47.8%
12
Spain
MYR 10272492
47.8%
13
Denmark
MYR 10137578
48.5%
14
Netherlands
MYR 9979068
49.3%
15
Sweden
MYR 9884160
49.8%
16
Austria
MYR 9799553
50.2%
17
Germany
MYR 9600132
51.2%
18
Ireland
MYR 9512046
51.7%
19
France
MYR 8313959
57.8%
20
Belgium
MYR 7380449
62.5%
21
Finland
MYR 7314028
62.8%
22
Portugal
MYR 7124409
63.8%
23
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North America
Country
Net pay
Average tax
Rank
USA
MYR 10644883
45.9%
1
Canada
MYR 9248993
53.0%
2
Latin America
Country
Net pay
Average tax
Rank
Guatemala
MYR 17421834
11.5%
1
Brazil
MYR 14270487
27.5%
2
Costa Rica
MYR 13260400
32.6%
3
Panama
MYR 13165865
33.1%
4
Mexico
MYR 12813366
34.9%
5
Argentina
MYR 12791969
35.0%
6
Puerto Rico
MYR 12748318
35.2%
7
Colombia
MYR 12108795
38.5%
8
Peru
MYR 12088914
38.6%
9
Uruguay
MYR 12073757
38.7%
10
Chile
MYR 11916074
39.5%
11
Ecuador
MYR 11287187
42.7%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
MYR 14317967
27.3%
1
Kenya
MYR 13778243
30.0%
2
Ivory Coast
MYR 13422880
31.8%
3
Nigeria
MYR 13386886
32.0%
4
Ghana
MYR 13022736
33.8%
5
Mozambique
MYR 12801791
35.0%
6
Zambia
MYR 12104493
38.5%
7
Cameroon
MYR 11987624
39.1%
8
Morocco
MYR 11935848
39.4%
9
Senegal
MYR 11813064
40.0%
10
South Africa
MYR 10868047
44.8%
11
Uganda
MYR 10839817
44.9%
12
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Middle East
Country
Net pay
Average tax
Rank
Kuwait
MYR 19633011
0.2%
1
Saudi Arabia
MYR 19616221
0.3%
2
Bahrain
MYR 19443649
1.2%
3
United Arab Emirates
MYR 18696000
5.0%
4
Qatar
MYR 18696000
5.0%
5
Oman
MYR 18105600
8.0%
6
Egypt
MYR 14761223
25.0%
7
Lebanon
MYR 14760838
25.0%
8
Turkey
MYR 11462677
41.8%
9
Israel
MYR 9948466
49.5%
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.