Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 47,296
Employees' Provident Fund (EPF)
- RM 5,217
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 220
Total tax
- RM 5,769
Net pay
* RM 41,527
Marginal tax rate
27.8%
Average tax rate
12.2%
87.8%
Net pay
12.2%
Total tax
Total tax
Net pay
Summary
If you make RM 47,296 a year living in Malaysia, you will be taxed RM 5,769. That means that your net pay will be RM 41,527 per year, or RM 3,461 per month. Your average tax rate is 12.2% and your marginal tax rate is 27.8%. 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 27.84, hence, your net pay will only increase by RM 72.16.
Bonus Example
A RM 1,000 bonus will generate an extra RM 722 of net incomes. A RM 5,000 bonus will generate an extra RM 3,608 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.