Income Tax Calculator Malaysia
Find out how much your salary is after tax
Salary rate
Withholding
Salary RM 375,000
Tax - RM 74,140
Employment Insurance - RM 95
EPF - RM 41,258
tax_calculator.withholding_box.social_security_organization_contribution - RM 237
Total tax - RM 115,730
Net pay * RM 259,270
Marginal tax rate 35.5%
Average tax rate 30.9%
30.9%Total tax
69.1%
Net payThe Taxberg
RM 259,270
Net pay
RM 49,677
Tax the employer pays
RM 115,730
Tax you pay
Total tax paid
RM 165,407
Did you know your employer also pays tax on your salary? It costs the employer RM 49,677 to pay you RM 375,000. In other words, every time you spend RM 10 of your hard-earned money, RM 4.41 goes to the government.
Real tax rate
38.9%
So, with you and the employer both paying tax, what used to be a 30.9% tax rate now rises to 38.9%, meaning your real tax rate is actually 8% higher than what it seemed at first.
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Summary
If you make RM 375,000 a year living in Malaysia, you will be taxed RM 115,730. That means that your net pay will be RM 259,270 per year, or RM 21,606 per month. Your average tax rate is 30.9% 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 35.5, hence, your net pay will only increase by RM 64.5.
Bonus ExampleA 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.
NOTE* Withholding is calculated based on the Malaysia tables of MY, 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.