Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 59,580
Employees' Provident Fund (EPF)
- RM 6,556
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 1,526
Total tax
- RM 8,415
Net pay
* RM 51,165
Marginal tax rate
18.4%
Average tax rate
14.1%
85.9%
Net pay
14.1%
Total tax
Total tax
Net pay
Summary
If you make RM 59,580 a year living in Malaysia, you will be taxed RM 8,415. That means that your net pay will be RM 51,165 per year, or RM 4,264 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.
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.