Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 7,171,667
Employees' Provident Fund (EPF)
- RM 788,931
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 2,065,050
Total tax
- RM 2,854,313
Net pay
*
RM 4,317,354
Marginal tax rate
41.0%
Average tax rate
39.8%
60.2%
Net pay
39.8%
Total tax
Total tax
Net pay
The Taxberg
RM 4,317,354
Net pay
RM 933,204
Tax the employer pays
RM 2,854,313
Tax you pay
Total tax paid
RM 3,787,518
Did you know your employer also pays tax on your salary? It costs the employer RM 933,204 to pay you RM 7,171,667. In other words, every time you spend RM 10 of your hard-earned money, RM 5.28 goes to the government.
Real tax rate
46.7%
So, with you and the employer both paying tax, what used to be a 39.8% tax rate now rises to 46.7%, meaning your real tax rate is actually 6.9% higher than what it seemed at first.
Summary
If you make RM 7,171,667 a year living in Malaysia, you will be taxed RM 2,854,313. That means that your net pay will be RM 4,317,354 per year, or RM 359,779 per month. Your average tax rate is 39.8% and your marginal tax rate is 41.0%. 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 41, hence, your net pay will only increase by RM 59.
Bonus Example
A RM 1,000 bonus will generate an extra RM 590 of net incomes. A RM 5,000 bonus will generate an extra RM 2,950 of net incomes.
Compare average tax
Europe
Country
Net pay
Average tax
Rank
Russia
MYR 6239350
13.0%
1
Hungary
MYR 5844909
18.5%
2
Ukraine
MYR 5773192
19.5%
3
Czech Republic
MYR 5517502
23.1%
4
Romania
MYR 4195425
41.5%
5
Poland
MYR 4139840
42.3%
6
Greece
MYR 4025244
43.9%
7
Switzerland
MYR 3915349
45.4%
8
Norway
MYR 3834912
46.5%
9
United Kingdom
MYR 3809986
46.9%
10
Luxembourg
MYR 3797346
47.1%
11
Spain
MYR 3793175
47.1%
12
Denmark
MYR 3730609
48.0%
13
Austria
MYR 3679406
48.7%
14
Netherlands
MYR 3662360
48.9%
15
Sweden
MYR 3628815
49.4%
16
Germany
MYR 3536717
50.7%
17
Ireland
MYR 3508047
51.1%
18
Italy
MYR 3459914
51.8%
19
France
MYR 3148018
56.1%
20
Finland
MYR 2708459
62.2%
21
Belgium
MYR 2704847
62.3%
22
Portugal
MYR 2621409
63.5%
23
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North America
Country
Net pay
Average tax
Rank
USA
MYR 3977941
44.5%
1
Canada
MYR 3436320
52.1%
2
Latin America
Country
Net pay
Average tax
Rank
Guatemala
MYR 6350946
11.4%
1
Brazil
MYR 5201945
27.5%
2
Costa Rica
MYR 4864182
32.2%
3
Panama
MYR 4816553
32.8%
4
Mexico
MYR 4682949
34.7%
5
Argentina
MYR 4661553
35.0%
6
Puerto Rico
MYR 4661680
35.0%
7
Colombia
MYR 4479012
37.6%
8
Uruguay
MYR 4476696
37.6%
9
Peru
MYR 4427560
38.3%
10
Chile
MYR 4411074
38.5%
11
Ecuador
MYR 4151621
42.1%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
MYR 5218155
27.2%
1
Kenya
MYR 5022410
30.0%
2
Ivory Coast
MYR 4888132
31.8%
3
Nigeria
MYR 4878718
32.0%
4
Ghana
MYR 4748473
33.8%
5
Mozambique
MYR 4671374
34.9%
6
Zambia
MYR 4411868
38.5%
7
Cameroon
MYR 4371925
39.0%
8
Morocco
MYR 4355948
39.3%
9
Senegal
MYR 4308064
39.9%
10
South Africa
MYR 3988464
44.4%
11
Uganda
MYR 3960233
44.8%
12
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Middle East
Country
Net pay
Average tax
Rank
Kuwait
MYR 7124678
0.7%
1
Saudi Arabia
MYR 7107888
0.9%
2
Bahrain
MYR 7060399
1.6%
3
United Arab Emirates
MYR 6813084
5.0%
4
Qatar
MYR 6813084
5.0%
5
Oman
MYR 6597934
8.0%
6
Egypt
MYR 5379973
25.0%
7
Lebanon
MYR 5379588
25.0%
8
Turkey
MYR 4177699
41.8%
9
Israel
MYR 3694300
48.5%
10
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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.