Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 24,093
Employees' Provident Fund (EPF)
- RM 2,674
Social Security Organization (SOCSO) contribution
- RM 119
Employment Insurance System (EIS) contribution
- RM 47.70
Total tax
- RM 2,841
Net pay
* RM 21,252
Marginal tax rate
11.3%
Average tax rate
11.8%
88.2%
Net pay
11.8%
Total tax
Total tax
Net pay
The Taxberg
RM 21,252
Net pay
RM 3,624
Tax the employer pays
RM 2,841
Tax you pay
Total tax paid
RM 6,466
Did you know your employer also pays tax on your salary? It costs the employer RM 3,624 to pay you RM 24,093. In other words, every time you spend RM 10 of your hard-earned money, RM 2.68 goes to the government.
Real tax rate
23.3%
So, with you and the employer both paying tax, what used to be a 11.8% tax rate now rises to 23.3%, meaning your real tax rate is actually 11.5% higher than what it seemed at first.
Summary
If you make RM 24,093 a year living in Malaysia, you will be taxed RM 2,841. That means that your net pay will be RM 21,252 per year, or RM 1,771 per month. Your average tax rate is 11.8% and your marginal tax rate is 11.3%. 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 11.34, hence, your net pay will only increase by RM 88.66.
Bonus Example
A RM 1,000 bonus will generate an extra RM 887 of net incomes. A RM 5,000 bonus will generate an extra RM 4,433 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
MYR 22006
8.7%
1
Canada
MYR 19454
19.3%
2
Latin America
Country 
Net pay
Average tax
Rank
Colombia
MYR 22967
7.7%
1
Puerto Rico
MYR 22178
8.0%
2
Ecuador
MYR 21816
9.5%
3
Guatemala
MYR 21783
9.6%
4
Brazil
MYR 21712
9.9%
5
Mexico
MYR 21604
10.3%
6
Costa Rica
MYR 21563
10.5%
7
Panama
MYR 21443
11.0%
8
Peru
MYR 21081
12.5%
9
Chile
MYR 19853
17.6%
10
Uruguay
MYR 19250
20.1%
11
Argentina
MYR 15630
35.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
MYR 22888
5.0%
1
Qatar
MYR 22888
5.0%
2
Bahrain
MYR 22166
8.0%
3
Oman
MYR 22166
8.0%
4
Saudi Arabia
MYR 21684
10.0%
5
Kuwait
MYR 21443
11.0%
6
Israel
MYR 20925
13.2%
7
Egypt
MYR 18966
21.3%
8
Lebanon
MYR 18907
21.5%
9
Turkey
MYR 14871
38.3%
10
Show more
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.