Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 65,833
Employees' Provident Fund (EPF)
- RM 7,300
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 2,168
Total tax
- RM 9,800
Net pay
*
RM 56,033
Marginal tax rate
23.7%
Average tax rate
14.9%
85.1%
Net pay
14.9%
Total tax
Total tax
Net pay
The Taxberg
RM 56,033
Net pay
RM 9,550
Tax the employer pays
RM 9,800
Tax you pay
Total tax paid
RM 19,350
Did you know your employer also pays tax on your salary? It costs the employer RM 9,550 to pay you RM 65,833. In other words, every time you spend RM 10 of your hard-earned money, RM 2.94 goes to the government.
Real tax rate
25.7%
So, with you and the employer both paying tax, what used to be a 14.9% tax rate now rises to 25.7%, meaning your real tax rate is actually 10.8% higher than what it seemed at first.
Summary
If you make RM 65,833 a year living in Malaysia, you will be taxed RM 9,800. That means that your net pay will be RM 56,033 per year, or RM 4,669 per month. Your average tax rate is 14.9% and your marginal tax rate is 23.7%. 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 23.73, hence, your net pay will only increase by RM 76.27.
Bonus Example
A RM 1,000 bonus will generate an extra RM 763 of net incomes. A RM 5,000 bonus will generate an extra RM 3,814 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.