Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 247,000
Employees' Provident Fund (EPF)
- RM 27,173
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 42,860
Total tax
- RM 70,365
Net pay
* RM 176,635
Marginal tax rate
35.0%
Average tax rate
28.5%
71.5%
Net pay
28.5%
Total tax
Total tax
Net pay
The Taxberg
RM 176,635
Net pay
RM 33,039
Tax the employer pays
RM 70,365
Tax you pay
Total tax paid
RM 103,404
Did you know your employer also pays tax on your salary? It costs the employer RM 33,039 to pay you RM 247,000. In other words, every time you spend RM 10 of your hard-earned money, RM 4.19 goes to the government.
Real tax rate
36.9%
So, with you and the employer both paying tax, what used to be a 28.5% tax rate now rises to 36.9%, meaning your real tax rate is actually 8.4% higher than what it seemed at first.
People also ask
RM 247,000 yearly is how much per hour?
RM 106 hourly is how much per year?
What is the average salary in Malaysia?
Summary
If you make RM 247,000 a year living in Malaysia, you will be taxed RM 70,365. That means that your net pay will be RM 176,635 per year, or RM 14,720 per month. Your average tax rate is 28.5% 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.
Compare average tax
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
Europe
Country 
Net pay
Average tax
Rank
Russia
MYR 214890
13.0%
1
Switzerland
MYR 206395
16.4%
2
Hungary
MYR 201305
18.5%
3
Ukraine
MYR 198835
19.5%
4
United Kingdom
MYR 188662
23.6%
5
Czech Republic
MYR 188511
23.7%
6
France
MYR 185006
25.1%
7
Norway
MYR 181645
26.5%
8
Ireland
MYR 181296
26.6%
9
Spain
MYR 174807
29.2%
10
Denmark
MYR 166140
32.7%
11
Luxembourg
MYR 166071
32.8%
12
Sweden
MYR 165816
32.9%
13
Austria
MYR 165221
33.1%
14
Greece
MYR 156978
36.5%
15
Netherlands
MYR 155438
37.1%
16
Poland
MYR 154382
37.5%
17
Germany
MYR 152041
38.4%
18
Romania
MYR 144495
41.5%
19
Finland
MYR 144413
41.5%
20
Italy
MYR 142234
42.4%
21
Portugal
MYR 136848
44.6%
22
Belgium
MYR 116861
52.7%
23
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North America
Country 
Net pay
Average tax
Rank
USA
MYR 192869
21.9%
1
Canada
MYR 175406
29.0%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
MYR 219554
11.1%
1
Taiwan
MYR 211167
14.5%
2
Thailand
MYR 201603
18.4%
3
Kazakhstan
MYR 198911
19.5%
4
South Korea
MYR 195929
20.7%
5
Singapore
MYR 189564
23.3%
6
Australia
MYR 189461
23.3%
7
New Zealand
MYR 186013
24.7%
8
Indonesia
MYR 183416
25.7%
9
Japan
MYR 182104
26.3%
10
Pakistan
MYR 180356
27.0%
11
Malaysia
MYR 176635
28.5%
12
China
MYR 174197
29.5%
13
Philippines
MYR 174148
29.5%
14
Vietnam
MYR 167821
32.1%
15
India
MYR 150548
39.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
MYR 222054
10.1%
1
Chile
MYR 205048
17.0%
2
Costa Rica
MYR 203407
17.7%
3
Puerto Rico
MYR 200932
18.7%
4
Panama
MYR 193942
21.5%
5
Ecuador
MYR 192180
22.2%
6
Colombia
MYR 184593
25.3%
7
Peru
MYR 183455
25.7%
8
Brazil
MYR 181562
26.5%
9
Mexico
MYR 177869
28.0%
10
Uruguay
MYR 168075
32.0%
11
Argentina
MYR 160519
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
MYR 180460
26.9%
1
Kenya
MYR 175143
29.1%
2
South Africa
MYR 172764
30.1%
3
Mozambique
MYR 170341
31.0%
4
Nigeria
MYR 168560
31.8%
5
Ghana
MYR 167806
32.1%
6
Ivory Coast
MYR 163258
33.9%
7
Morocco
MYR 159683
35.4%
8
Cameroon
MYR 155842
36.9%
9
Senegal
MYR 153264
38.0%
10
Zambia
MYR 153198
38.0%
11
Uganda
MYR 151667
38.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
MYR 234650
5.0%
1
Qatar
MYR 234650
5.0%
2
Bahrain
MYR 227240
8.0%
3
Oman
MYR 227240
8.0%
4
Saudi Arabia
MYR 222300
10.0%
5
Kuwait
MYR 219830
11.0%
6
Israel
MYR 189952
23.1%
7
Egypt
MYR 186473
24.5%
8
Lebanon
MYR 186088
24.7%
9
Turkey
MYR 144704
41.4%
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.