Income tax calculator MalaysiaFind out how much your salary is after tax
Salary rate
Withholding
Salary RM 60,000
Tax - RM 1,560
Employment Insurance - RM 95
EPF - RM 6,600
tax_calculator.withholding_box.social_security_organization_contribution - RM 237
Total tax - RM 8,492
Net pay * RM 51,508
Marginal tax rate 21.2%
Average tax rate 14.2%
14.2%Total tax
85.8%
Net payThe Taxberg
RM 51,508
Net pay
RM 8,723
Tax the employer pays
RM 8,492
Tax you pay
Total tax paid
RM 17,215
Did you know your employer also pays tax on your salary? It costs the employer RM 8,723 to pay you RM 60,000. 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%
So, with you and the employer both paying tax, what used to be a 14.2% tax rate now rises to 25%, meaning your real tax rate is actually 10.8% higher than what it seemed at first.
People also askRM 60,000 yearly is how much per hour?RM 26 hourly is how much per year?Quel est le salaire moyen en Malaysia ?
Summary
Si vous gagnez un salaire brut de RM 60,000 par an en Malaysia, vous serez imposé de RM 8,492. Cela signifie que votre salaire net sera de RM 51,508 par an, ou RM 4,292 par mois. Votre taux d'imposition moyen est 14.2% et votre taux d'imposition marginal est 21.2%. Ce taux d'imposition marginal signifie que votre revenu supplémentaire immédiat sera imposé à ce taux. Par exemple, une augmentation de RM 100 à votre salaire sera imposé de RM 21.2, par conséquent, votre salaire net augmentera seulement de RM 78.8.
Bonus ExampleA RM 1,000 bonus will generate an extra RM 788 of net incomes. A RM 5,000 bonus will generate an extra RM 3,940 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.