Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 46,968
Employees' Provident Fund (EPF)
- RM 5,181
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.72
Tax
- RM 169
Total tax
- RM 5,682
Net pay
* RM 41,286
Marginal tax rate
23.6%
Average tax rate
12.1%
87.9%
Net pay
12.1%
Total tax
Total tax
Net pay
The Taxberg
RM 41,286
Net pay
RM 7,039
Tax the employer pays
RM 5,682
Tax you pay
Total tax paid
RM 12,720
Did you know your employer also pays tax on your salary? It costs the employer RM 7,039 to pay you RM 46,968. In other words, every time you spend RM 10 of your hard-earned money, RM 2.71 goes to the government.
Real tax rate
23.6%
So, with you and the employer both paying tax, what used to be a 12.1% tax rate now rises to 23.6%, meaning your real tax rate is actually 11.5% higher than what it seemed at first.
People also ask
RM 46,968 yearly is how much per hour?
RM 20.07 hourly is how much per year?
What is the average salary in Malaysia?
Summary
If you make RM 46,968 a year living in Malaysia, you will be taxed RM 5,682. That means that your net pay will be RM 41,286 per year, or RM 3,441 per month. Your average tax rate is 12.1% and your marginal tax rate is 23.6%. 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 23.61, hence, your net pay will only increase by RM 76.39.
Bonus Example
A RM 1,000 bonus will generate an extra RM 764 of net incomes. A RM 5,000 bonus will generate an extra RM 3,820 of net incomes.
Compare average tax
Tax per income
RM 45,000
RM 50,000
RM 55,000
RM 60,000
RM 65,000
RM 70,000
RM 75,000
RM 80,000
RM 85,000
RM 90,000
RM 95,000
RM 100,000
RM 105,000
RM 110,000
RM 115,000
RM 120,000
RM 125,000
RM 130,000
RM 135,000
RM 140,000
Europe
Country 
Net pay
Average tax
Rank
United Kingdom
MYR 46968
0.0%
1
Ireland
MYR 46968
0.0%
2
Spain
MYR 43986
6.4%
3
Italy
MYR 43804
6.7%
4
Switzerland
MYR 43654
7.1%
5
Norway
MYR 42775
8.9%
6
France
MYR 42412
9.7%
7
Luxembourg
MYR 41579
11.5%
8
Russia
MYR 40862
13.0%
9
Czech Republic
MYR 40487
13.8%
10
Austria
MYR 39934
15.0%
11
Hungary
MYR 38279
18.5%
12
Ukraine
MYR 37809
19.5%
13
Germany
MYR 37727
19.7%
14
Greece
MYR 36706
21.9%
15
Sweden
MYR 36666
21.9%
16
Poland
MYR 35509
24.4%
17
Portugal
MYR 33849
27.9%
18
Finland
MYR 32525
30.8%
19
Belgium
MYR 31938
32.0%
20
Denmark
MYR 31331
33.3%
21
Netherlands
MYR 29557
37.1%
22
Romania
MYR 27476
41.5%
23
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North America
Country 
Net pay
Average tax
Rank
USA
MYR 42431
9.7%
1
Canada
MYR 35938
23.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
MYR 46968
0.0%
1
Hong Kong
MYR 46968
0.0%
2
Thailand
MYR 44107
6.1%
3
Taiwan
MYR 42811
8.9%
4
Pakistan
MYR 42550
9.4%
5
South Korea
MYR 41323
12.0%
6
Malaysia
MYR 41286
12.1%
7
New Zealand
MYR 40681
13.4%
8
Indonesia
MYR 40381
14.0%
9
Philippines
MYR 39686
15.5%
10
Japan
MYR 38166
18.7%
11
Singapore
MYR 37585
20.0%
12
Kazakhstan
MYR 37199
20.8%
13
Vietnam
MYR 37095
21.0%
14
India
MYR 36347
22.6%
15
China
MYR 33423
28.8%
16
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Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
MYR 43255
7.9%
1
Colombia
MYR 43211
8.0%
2
Ecuador
MYR 42530
9.5%
3
Guatemala
MYR 42464
9.6%
4
Costa Rica
MYR 42036
10.5%
5
Panama
MYR 41802
11.0%
6
Mexico
MYR 39475
16.0%
7
Chile
MYR 38702
17.6%
8
Brazil
MYR 38364
18.3%
9
Uruguay
MYR 37527
20.1%
10
Peru
MYR 36967
21.3%
11
Argentina
MYR 30498
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
MYR 42078
10.4%
1
Morocco
MYR 37029
21.2%
2
Mozambique
MYR 36259
22.8%
3
Ivory Coast
MYR 35492
24.4%
4
Kenya
MYR 35121
25.2%
5
Angola
MYR 34921
25.7%
6
Cameroon
MYR 34514
26.5%
7
Ghana
MYR 34452
26.7%
8
Nigeria
MYR 32498
30.8%
9
Uganda
MYR 31831
32.2%
10
Senegal
MYR 31697
32.5%
11
Zambia
MYR 30224
35.7%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
MYR 44620
5.0%
1
Qatar
MYR 44620
5.0%
2
Bahrain
MYR 43211
8.0%
3
Oman
MYR 43211
8.0%
4
Saudi Arabia
MYR 42271
10.0%
5
Kuwait
MYR 41802
11.0%
6
Israel
MYR 40792
13.2%
7
Egypt
MYR 36449
22.4%
8
Lebanon
MYR 36064
23.2%
9
Turkey
MYR 27017
42.5%
10
Show more
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.