Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 491
Employees' Provident Fund (EPF)
- RM 73.24
Social Security Organization (SOCSO) contribution
- RM 2.52
Employment Insurance System (EIS) contribution
- RM 1.26
Total tax
- RM 77.02
Net pay
*
RM 414
Marginal tax rate
8.9%
Average tax rate
15.7%
84.3%
Net pay
15.7%
Total tax
Total tax
Net pay
The Taxberg
RM 414
Net pay
RM 95.93
Tax the employer pays
RM 77.02
Tax you pay
Total tax paid
RM 173
Did you know your employer also pays tax on your salary? It costs the employer RM 95.93 to pay you RM 491. In other words, every time you spend RM 10 of your hard-earned money, RM 3.52 goes to the government.
Real tax rate
29.5%
So, with you and the employer both paying tax, what used to be a 15.7% tax rate now rises to 29.5%, meaning your real tax rate is actually 13.8% higher than what it seemed at first.
Summary
If you make RM 491 a year living in Malaysia, you will be taxed RM 77.02. That means that your net pay will be RM 414 per year, or RM 34.50 per month. Your average tax rate is 15.7% and your marginal tax rate is 8.9%. 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 8.91, hence, your net pay will only increase by RM 91.09.
Bonus Example
A RM 1,000 bonus will generate an extra RM 911 of net incomes. A RM 5,000 bonus will generate an extra RM 4,555 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.