Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 349,002
Employees' Provident Fund (EPF)
- RM 38,398
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 67,771
Total tax
- RM 106,501
Net pay
* RM 242,501
Marginal tax rate
35.5%
Average tax rate
30.5%
69.5%
Net pay
30.5%
Total tax
Total tax
Net pay
The Taxberg
RM 242,501
Net pay
RM 46,298
Tax the employer pays
RM 106,501
Tax you pay
Total tax paid
RM 152,799
Did you know your employer also pays tax on your salary? It costs the employer RM 46,298 to pay you RM 349,002. In other words, every time you spend RM 10 of your hard-earned money, RM 4.38 goes to the government.
Real tax rate
38.7%
So, with you and the employer both paying tax, what used to be a 30.5% tax rate now rises to 38.7%, meaning your real tax rate is actually 8.2% higher than what it seemed at first.
People also ask
RM 349,002 yearly is how much per hour?
RM 149 hourly is how much per year?
What is the average salary in Malaysia?
Summary
If you make RM 349,002 a year living in Malaysia, you will be taxed RM 106,501. That means that your net pay will be RM 242,501 per year, or RM 20,208 per month. Your average tax rate is 30.5% 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 35.50, hence, your net pay will only increase by RM 64.50.
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 3,225 of net incomes.
Compare average tax
Tax per income
RM 345,000
RM 350,000
RM 355,000
RM 360,000
RM 365,000
RM 370,000
RM 375,000
RM 380,000
RM 385,000
RM 390,000
RM 395,000
RM 400,000
RM 405,000
RM 410,000
RM 415,000
RM 420,000
RM 425,000
RM 430,000
RM 435,000
RM 440,000
North America
Country 
Net pay
Average tax
Rank
USA
MYR 258139
26.0%
1
Canada
MYR 240229
31.2%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
MYR 331552
5.0%
1
Qatar
MYR 331552
5.0%
2
Bahrain
MYR 321082
8.0%
3
Oman
MYR 321082
8.0%
4
Saudi Arabia
MYR 314102
10.0%
5
Kuwait
MYR 312841
10.4%
6
Egypt
MYR 262975
24.7%
7
Lebanon
MYR 262589
24.8%
8
Israel
MYR 251004
28.1%
9
Turkey
MYR 204111
41.5%
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.