Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 62,325
Employees' Provident Fund (EPF)
- RM 6,907
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 1,746
Total tax
- RM 8,985
Net pay
*
RM 53,340
Marginal tax rate
21.2%
Average tax rate
14.4%
85.6%
Net pay
14.4%
Total tax
Total tax
Net pay
The Taxberg
RM 53,340
Net pay
RM 9,086
Tax the employer pays
RM 8,985
Tax you pay
Total tax paid
RM 18,071
Did you know your employer also pays tax on your salary? It costs the employer RM 9,086 to pay you RM 62,325. In other words, every time you spend RM 10 of your hard-earned money, RM 2.90 goes to the government.
Real tax rate
25.3%
So, with you and the employer both paying tax, what used to be a 14.4% tax rate now rises to 25.3%, meaning your real tax rate is actually 10.9% higher than what it seemed at first.
Summary
If you make RM 62,325 a year living in Malaysia, you will be taxed RM 8,985. That means that your net pay will be RM 53,340 per year, or RM 4,445 per month. Your average tax rate is 14.4% and your marginal tax rate is 21.2%. 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 21.20, hence, your net pay will only increase by RM 78.80.
Bonus Example
A 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* 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.