Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 852,540
Employees' Provident Fund (EPF)
- RM 93,785
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 195,731
Total tax
- RM 289,847
Net pay
*
RM 562,693
Marginal tax rate
37.0%
Average tax rate
34.0%
66.0%
Net pay
34.0%
Total tax
Total tax
Net pay
The Taxberg
RM 562,693
Net pay
RM 111,756
Tax the employer pays
RM 289,847
Tax you pay
Total tax paid
RM 401,604
Did you know your employer also pays tax on your salary? It costs the employer RM 111,756 to pay you RM 852,540. In other words, every time you spend RM 10 of your hard-earned money, RM 4.71 goes to the government.
Real tax rate
41.6%
So, with you and the employer both paying tax, what used to be a 34% tax rate now rises to 41.6%, meaning your real tax rate is actually 7.6% higher than what it seemed at first.
Summary
If you make RM 852,540 a year living in Malaysia, you will be taxed RM 289,847. That means that your net pay will be RM 562,693 per year, or RM 46,891 per month. Your average tax rate is 34.0% 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.
North America
Country
Net pay
Average tax
Rank
USA
MYR 577552
32.3%
1
Canada
MYR 498758
41.5%
2
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.