Income Tax Calculator Malaysia
Find out how much your salary is after tax
Salary rate
Withholding
Salary RM 380,000
Tax - RM 75,365
Employment Insurance - RM 95
EPF - RM 41,808
tax_calculator.withholding_box.social_security_organization_contribution - RM 237
Total tax - RM 117,505
Net pay * RM 262,495
Marginal tax rate 35.5%
Average tax rate 30.9%
30.9%Total tax
69.1%
Net payThe Taxberg
RM 262,495
Net pay
RM 50,327
Tax the employer pays
RM 117,505
Tax you pay
Total tax paid
RM 167,832
Did you know your employer also pays tax on your salary? It costs the employer RM 50,327 to pay you RM 380,000. In other words, every time you spend RM 10 of your hard-earned money, RM 4.42 goes to the government.
Real tax rate
39%
So, with you and the employer both paying tax, what used to be a 30.9% tax rate now rises to 39%, meaning your real tax rate is actually 8.1% higher than what it seemed at first.
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Summary
If you make RM 380,000 a year living in Malaysia, you will be taxed RM 117,505. That means that your net pay will be RM 262,495 per year, or RM 21,875 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.