Income Tax Calculator Malaysia
Find out how much your salary is after tax
Salary rate
Withholding
Salary RM 50,000
Tax - RM 673
Employment Insurance - RM 95
EPF - RM 5,517
tax_calculator.withholding_box.social_security_organization_contribution - RM 237
Total tax - RM 6,521
Net pay * RM 43,479
Marginal tax rate 27.8%
Average tax rate 13.0%
13%Total tax
87%
Net payThe Taxberg
RM 43,479
Net pay
RM 7,439
Tax the employer pays
RM 6,521
Tax you pay
Total tax paid
RM 13,960
Did you know your employer also pays tax on your salary? It costs the employer RM 7,439 to pay you RM 50,000. In other words, every time you spend RM 10 of your hard-earned money, RM 2.79 goes to the government.
Real tax rate
24.3%
So, with you and the employer both paying tax, what used to be a 13% tax rate now rises to 24.3%, meaning your real tax rate is actually 11.3% higher than what it seemed at first.
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Summary
If you make RM 50,000 a year living in Malaysia, you will be taxed RM 6,521. That means that your net pay will be RM 43,479 per year, or RM 3,623 per month. Your average tax rate is 13.0% 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 27.8, hence, your net pay will only increase by RM 72.2.
Bonus ExampleA RM 1,000 bonus will generate an extra RM 722 of net incomes. A RM 5,000 bonus will generate an extra RM 3,610 of net incomes.
NOTE* Withholding is calculated based on the Malaysia tables of MY, 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.