Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 432
Employees' Provident Fund (EPF)
- RM 68.67
Social Security Organization (SOCSO) contribution
- RM 2.07
Employment Insurance System (EIS) contribution
- RM 1.03
Total tax
- RM 71.77
Net pay
* RM 360
Marginal tax rate
8.9%
Average tax rate
16.6%
83.4%
Net pay
16.6%
Total tax
Total tax
Net pay
Summary
If you make RM 432 a year living in Malaysia, you will be taxed RM 71.77. That means that your net pay will be RM 360 per year, or RM 30.02 per month. Your average tax rate is 16.6% and your marginal tax rate is 8.9%. 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 8.90, hence, your net pay will only increase by RM 91.10.
Bonus Example
A RM 1,000 bonus will generate an extra RM 911 of net incomes. A RM 5,000 bonus will generate an extra RM 4,555 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.