Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 80,308
Employees' Provident Fund (EPF)
- RM 8,863
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 4,129
Total tax
- RM 13,324
Net pay
*
RM 66,984
Marginal tax rate
30.5%
Average tax rate
16.6%
83.4%
Net pay
16.6%
Total tax
Total tax
Net pay
The Taxberg
RM 66,984
Net pay
RM 11,398
Tax the employer pays
RM 13,324
Tax you pay
Total tax paid
RM 24,722
Did you know your employer also pays tax on your salary? It costs the employer RM 11,398 to pay you RM 80,308. In other words, every time you spend RM 10 of your hard-earned money, RM 3.08 goes to the government.
Real tax rate
27.0%
So, with you and the employer both paying tax, what used to be a 16.6% tax rate now rises to 27.0%, meaning your real tax rate is actually 10.4% higher than what it seemed at first.
Summary
If you make RM 80,308 a year living in Malaysia, you will be taxed RM 13,324. That means that your net pay will be RM 66,984 per year, or RM 5,582 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.