Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 315,625
Employees' Provident Fund (EPF)
- RM 34,725
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 59,593
Total tax
- RM 94,650
Net pay
*
RM 220,975
Marginal tax rate
35.5%
Average tax rate
30.0%
70.0%
Net pay
30.0%
Total tax
Total tax
Net pay
The Taxberg
RM 220,975
Net pay
RM 41,958
Tax the employer pays
RM 94,650
Tax you pay
Total tax paid
RM 136,608
Did you know your employer also pays tax on your salary? It costs the employer RM 41,958 to pay you RM 315,625. In other words, every time you spend RM 10 of your hard-earned money, RM 4.33 goes to the government.
Real tax rate
38.2%
So, with you and the employer both paying tax, what used to be a 30% tax rate now rises to 38.2%, meaning your real tax rate is actually 8.2% higher than what it seemed at first.
Summary
If you make RM 315,625 a year living in Malaysia, you will be taxed RM 94,650. That means that your net pay will be RM 220,975 per year, or RM 18,415 per month. Your average tax rate is 30.0% and your marginal tax rate is 35.5%. 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 35.54, hence, your net pay will only increase by RM 64.46.
Bonus Example
A RM 1,000 bonus will generate an extra RM 645 of net incomes. A RM 5,000 bonus will generate an extra RM 3,223 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.