Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 745,002
Employees' Provident Fund (EPF)
- RM 81,953
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 167,771
Total tax
- RM 250,056
Net pay
* RM 494,946
Marginal tax rate
37.0%
Average tax rate
33.6%
66.4%
Net pay
33.6%
Total tax
Total tax
Net pay
Summary
If you make RM 745,002 a year living in Malaysia, you will be taxed RM 250,056. That means that your net pay will be RM 494,946 per year, or RM 41,246 per month. Your average tax rate is 33.6% 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 Example
A 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* 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.