Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 242,000
Employees' Provident Fund (EPF)
- RM 26,621
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 41,660
Total tax
- RM 68,613
Net pay
* RM 173,387
Marginal tax rate
35.0%
Average tax rate
28.4%
71.6%
Net pay
28.4%
Total tax
Total tax
Net pay
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Summary
If you make RM 242,000 a year living in Malaysia, you will be taxed RM 68,613. That means that your net pay will be RM 173,387 per year, or RM 14,449 per month. Your average tax rate is 28.4% 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 35.04, hence, your net pay will only increase by RM 64.96.
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 3,248 of net incomes.
Tax per income
RM 245,000
RM 250,000
RM 255,000
RM 260,000
RM 265,000
RM 270,000
RM 275,000
RM 280,000
RM 285,000
RM 290,000
RM 295,000
RM 300,000
RM 305,000
RM 310,000
RM 315,000
RM 320,000
RM 325,000
RM 330,000
RM 335,000
RM 340,000
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.