Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 69,225
Employees' Provident Fund (EPF)
- RM 7,664
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 2,609
Total tax
- RM 10,605
Net pay
*
RM 58,620
Marginal tax rate
23.7%
Average tax rate
15.3%
84.7%
Net pay
15.3%
Total tax
Total tax
Net pay
The Taxberg
RM 58,620
Net pay
RM 9,980
Tax the employer pays
RM 10,605
Tax you pay
Total tax paid
RM 20,585
Did you know your employer also pays tax on your salary? It costs the employer RM 9,980 to pay you RM 69,225. In other words, every time you spend RM 10 of your hard-earned money, RM 2.97 goes to the government.
Real tax rate
26.0%
So, with you and the employer both paying tax, what used to be a 15.3% tax rate now rises to 26.0%, meaning your real tax rate is actually 10.7% higher than what it seemed at first.
Summary
If you make RM 69,225 a year living in Malaysia, you will be taxed RM 10,605. That means that your net pay will be RM 58,620 per year, or RM 4,885 per month. Your average tax rate is 15.3% 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.
North America
Country
Net pay
Average tax
Rank
USA
MYR 60804
12.2%
1
Canada
MYR 52097
24.7%
2
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.