Income Tax Calculator Malaysia
Find out how much your salary is after tax
Salary rate
Withholding
Salary RM 80,000
Tax - RM 4,070
Employment Insurance - RM 95
EPF - RM 8,828
tax_calculator.withholding_box.social_security_organization_contribution - RM 237
Total tax - RM 13,230
Net pay * RM 66,770
Marginal tax rate 30.5%
Average tax rate 16.5%
16.5%Total tax
83.5%
Net payThe Taxberg
RM 66,770
Net pay
RM 11,356
Tax the employer pays
RM 13,230
Tax you pay
Total tax paid
RM 24,586
Did you know your employer also pays tax on your salary? It costs the employer RM 11,356 to pay you RM 80,000. In other words, every time you spend RM 10 of your hard-earned money, RM 3.07 goes to the government.
Real tax rate
26.9%
So, with you and the employer both paying tax, what used to be a 16.5% tax rate now rises to 26.9%, meaning your real tax rate is actually 10.4% higher than what it seemed at first.
People also askRM 80,000 yearly is how much per hour?RM 34 hourly is how much per year?What is the average salary in Malaysia?
Summary
If you make RM 80,000 a year living in Malaysia, you will be taxed RM 13,230. That means that your net pay will be RM 66,770 per year, or RM 5,564 per month. Your average tax rate is 16.5% and your marginal tax rate is 30.5%. 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 30.5, hence, your net pay will only increase by RM 69.5.
Bonus ExampleA RM 1,000 bonus will generate an extra RM 695 of net incomes. A RM 5,000 bonus will generate an extra RM 3,475 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.