Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 200,000
EPF
- RM 22,000
SOCSO
- RM 237
EIS
- RM 94.80
Tax
- RM 34,900
Total tax
- RM 57,232
Net pay
* RM 142,768
Marginal tax rate
35.0%
Average tax rate
28.6%
71.4%
Net pay
28.6%
Total tax
Total tax
Net pay
Summary
If you make RM 200,000 a year living in Malaysia, you will be taxed RM 57,232. That means that your net pay will be RM 142,768 per year, or RM 11,897 per month. Your average tax rate is 28.6% and your marginal tax rate is 35.0%. 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 35, hence, your net pay will only increase by RM 65.
Bonus Example
A RM 1,000 bonus will generate an extra RM 650 of net incomes. A RM 5,000 bonus will generate an extra RM 3,250 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.