Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 80,124
Employees' Provident Fund (EPF)
- RM 8,842
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 4,094
Total tax
- RM 13,267
Net pay
* RM 66,857
Marginal tax rate
30.6%
Average tax rate
16.6%
83.4%
Net pay
16.6%
Total tax
Total tax
Net pay
Summary
If you make RM 80,124 a year living in Malaysia, you will be taxed RM 13,267. That means that your net pay will be RM 66,857 per year, or RM 5,571 per month. Your average tax rate is 16.6% and your marginal tax rate is 30.6%. 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 30.55, hence, your net pay will only increase by RM 69.45.
Bonus Example
A RM 1,000 bonus will generate an extra RM 695 of net incomes. A RM 5,000 bonus will generate an extra RM 3,473 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.