Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 45,923
Employees' Provident Fund (EPF)
- RM 5,068
Social Security Organization (SOCSO) contribution
- RM 231
Employment Insurance System (EIS) contribution
- RM 92.22
Tax
- RM 138
Total tax
- RM 5,529
Net pay
* RM 40,394
Marginal tax rate
14.6%
Average tax rate
12.0%
88.0%
Net pay
12.0%
Total tax
Total tax
Net pay
Summary
If you make RM 45,923 a year living in Malaysia, you will be taxed RM 5,529. That means that your net pay will be RM 40,394 per year, or RM 3,366 per month. Your average tax rate is 12.0% and your marginal tax rate is 14.6%. 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 14.64, hence, your net pay will only increase by RM 85.36.
Bonus Example
A RM 1,000 bonus will generate an extra RM 854 of net incomes. A RM 5,000 bonus will generate an extra RM 4,268 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.