Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 58,988
Employees' Provident Fund (EPF)
- RM 6,495
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 1,479
Total tax
- RM 8,306
Net pay
* RM 50,682
Marginal tax rate
18.4%
Average tax rate
14.1%
85.9%
Net pay
14.1%
Total tax
Total tax
Net pay
The Taxberg
RM 50,682
Net pay
RM 8,598
Tax the employer pays
RM 8,306
Tax you pay
Total tax paid
RM 16,904
Did you know your employer also pays tax on your salary? It costs the employer RM 8,598 to pay you RM 58,988. In other words, every time you spend RM 10 of your hard-earned money, RM 2.87 goes to the government.
Real tax rate
25.0%
So, with you and the employer both paying tax, what used to be a 14.1% tax rate now rises to 25.0%, meaning your real tax rate is actually 10.9% higher than what it seemed at first.
People also ask
RM 58,988 yearly is how much per hour?
RM 25.21 hourly is how much per year?
What is the average salary in Malaysia?
Summary
If you make RM 58,988 a year living in Malaysia, you will be taxed RM 8,306. That means that your net pay will be RM 50,682 per year, or RM 4,224 per month. Your average tax rate is 14.1% and your marginal tax rate is 18.4%. 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 18.40, hence, your net pay will only increase by RM 81.60.
Bonus Example
A RM 1,000 bonus will generate an extra RM 816 of net incomes. A RM 5,000 bonus will generate an extra RM 4,080 of net incomes.
Tax per income
RM 55,000
RM 60,000
RM 65,000
RM 70,000
RM 75,000
RM 80,000
RM 85,000
RM 90,000
RM 95,000
RM 100,000
RM 105,000
RM 110,000
RM 115,000
RM 120,000
RM 125,000
RM 130,000
RM 135,000
RM 140,000
RM 145,000
RM 150,000
North America
Country 
Net pay
Average tax
Rank
USA
MYR 52836
10.4%
1
Canada
MYR 44848
24.0%
2
Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
MYR 54109
8.3%
1
Guatemala
MYR 53332
9.6%
2
Ecuador
MYR 53252
9.7%
3
Colombia
MYR 53231
9.8%
4
Costa Rica
MYR 52794
10.5%
5
Panama
MYR 51935
12.0%
6
Mexico
MYR 48594
17.6%
7
Chile
MYR 48387
18.0%
8
Uruguay
MYR 47005
20.3%
9
Peru
MYR 46012
22.0%
10
Brazil
MYR 45921
22.2%
11
Argentina
MYR 38311
35.1%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
MYR 51604
12.5%
1
Mozambique
MYR 44913
23.9%
2
Morocco
MYR 44783
24.1%
3
Angola
MYR 43681
26.0%
4
Ivory Coast
MYR 43620
26.1%
5
Kenya
MYR 43535
26.2%
6
Ghana
MYR 42971
27.2%
7
Cameroon
MYR 41522
29.6%
8
Nigeria
MYR 40674
31.1%
9
Uganda
MYR 39644
32.8%
10
Senegal
MYR 39439
33.1%
11
Zambia
MYR 37570
36.3%
12
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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.