Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 48,460
Employees' Provident Fund (EPF)
- RM 5,346
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 415
Total tax
- RM 6,093
Net pay
*
RM 42,367
Marginal tax rate
27.8%
Average tax rate
12.6%
87.4%
Net pay
12.6%
Total tax
Total tax
Net pay
The Taxberg
RM 42,367
Net pay
RM 7,236
Tax the employer pays
RM 6,093
Tax you pay
Total tax paid
RM 13,329
Did you know your employer also pays tax on your salary? It costs the employer RM 7,236 to pay you RM 48,460. In other words, every time you spend RM 10 of your hard-earned money, RM 2.75 goes to the government.
Real tax rate
23.9%
So, with you and the employer both paying tax, what used to be a 12.6% tax rate now rises to 23.9%, meaning your real tax rate is actually 11.3% higher than what it seemed at first.
Summary
If you make RM 48,460 a year living in Malaysia, you will be taxed RM 6,093. That means that your net pay will be RM 42,367 per year, or RM 3,531 per month. Your average tax rate is 12.6% 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.