Income Tax Calculator Malaysia
Find out how much your salary is after tax
Salary rate
Withholding
Salary RM 695,000
Tax - RM 154,770
Employment Insurance - RM 95
EPF - RM 76,452
tax_calculator.withholding_box.social_security_organization_contribution - RM 237
Total tax - RM 231,554
Net pay * RM 463,446
Marginal tax rate 37.0%
Average tax rate 33.3%
33.3%Total tax
66.7%
Net payThe Taxberg
RM 463,446
Net pay
RM 91,274
Tax the employer pays
RM 231,554
Tax you pay
Total tax paid
RM 322,828
Did you know your employer also pays tax on your salary? It costs the employer RM 91,274 to pay you RM 695,000. In other words, every time you spend RM 10 of your hard-earned money, RM 4.65 goes to the government.
Real tax rate
41.1%
So, with you and the employer both paying tax, what used to be a 33.3% tax rate now rises to 41.1%, meaning your real tax rate is actually 7.8% higher than what it seemed at first.
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Summary
If you make RM 695,000 a year living in Malaysia, you will be taxed RM 231,554. That means that your net pay will be RM 463,446 per year, or RM 38,621 per month. Your average tax rate is 33.3% and your marginal tax rate is 37.0%. 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 37, hence, your net pay will only increase by RM 63.
Bonus ExampleA RM 1,000 bonus will generate an extra RM 630 of net incomes. A RM 5,000 bonus will generate an extra RM 3,150 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.