Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 440,014
Employees' Provident Fund (EPF)
- RM 48,410
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 90,204
Total tax
- RM 138,945
Net pay
*
RM 301,069
Marginal tax rate
36.0%
Average tax rate
31.6%
68.4%
Net pay
31.6%
Total tax
Total tax
Net pay
The Taxberg
RM 301,069
Net pay
RM 58,129
Tax the employer pays
RM 138,945
Tax you pay
Total tax paid
RM 197,074
Did you know your employer also pays tax on your salary? It costs the employer RM 58,129 to pay you RM 440,014. In other words, every time you spend RM 10 of your hard-earned money, RM 4.48 goes to the government.
Real tax rate
39.6%
So, with you and the employer both paying tax, what used to be a 31.6% tax rate now rises to 39.6%, meaning your real tax rate is actually 8% higher than what it seemed at first.
Summary
If you make RM 440,014 a year living in Malaysia, you will be taxed RM 138,945. That means that your net pay will be RM 301,069 per year, or RM 25,089 per month. Your average tax rate is 31.6% and your marginal tax rate is 36.0%. 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 36, hence, your net pay will only increase by RM 64.
Bonus Example
A RM 1,000 bonus will generate an extra RM 640 of net incomes. A RM 5,000 bonus will generate an extra RM 3,200 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.