Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 47,490
Employees' Provident Fund (EPF)
- RM 5,238
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 252
Total tax
- RM 5,823
Net pay
*
RM 41,667
Marginal tax rate
27.8%
Average tax rate
12.3%
87.7%
Net pay
12.3%
Total tax
Total tax
Net pay
The Taxberg
RM 41,667
Net pay
RM 7,108
Tax the employer pays
RM 5,823
Tax you pay
Total tax paid
RM 12,931
Did you know your employer also pays tax on your salary? It costs the employer RM 7,108 to pay you RM 47,490. In other words, every time you spend RM 10 of your hard-earned money, RM 2.72 goes to the government.
Real tax rate
23.7%
So, with you and the employer both paying tax, what used to be a 12.3% tax rate now rises to 23.7%, meaning your real tax rate is actually 11.4% higher than what it seemed at first.
Summary
If you make RM 47,490 a year living in Malaysia, you will be taxed RM 5,823. That means that your net pay will be RM 41,667 per year, or RM 3,472 per month. Your average tax rate is 12.3% 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.
North America
Country
Net pay
Average tax
Rank
USA
MYR 42890
9.7%
1
Canada
MYR 36325
23.5%
2
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.