Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 403,248
Employees' Provident Fund (EPF)
- RM 44,365
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 81,061
Total tax
- RM 125,758
Net pay
*
RM 277,490
Marginal tax rate
35.5%
Average tax rate
31.2%
68.8%
Net pay
31.2%
Total tax
Total tax
Net pay
The Taxberg
RM 277,490
Net pay
RM 53,350
Tax the employer pays
RM 125,758
Tax you pay
Total tax paid
RM 179,108
Did you know your employer also pays tax on your salary? It costs the employer RM 53,350 to pay you RM 403,248. In other words, every time you spend RM 10 of your hard-earned money, RM 4.44 goes to the government.
Real tax rate
39.2%
So, with you and the employer both paying tax, what used to be a 31.2% tax rate now rises to 39.2%, meaning your real tax rate is actually 8% higher than what it seemed at first.
Summary
If you make RM 403,248 a year living in Malaysia, you will be taxed RM 125,758. That means that your net pay will be RM 277,490 per year, or RM 23,124 per month. Your average tax rate is 31.2% 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.
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.