Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 86,288
Employees' Provident Fund (EPF)
- RM 9,554
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 5,265
Total tax
- RM 15,151
Net pay
*
RM 71,137
Marginal tax rate
30.5%
Average tax rate
17.6%
82.4%
Net pay
17.6%
Total tax
Total tax
Net pay
The Taxberg
RM 71,137
Net pay
RM 12,214
Tax the employer pays
RM 15,151
Tax you pay
Total tax paid
RM 27,365
Did you know your employer also pays tax on your salary? It costs the employer RM 12,214 to pay you RM 86,288. In other words, every time you spend RM 10 of your hard-earned money, RM 3.17 goes to the government.
Real tax rate
27.8%
So, with you and the employer both paying tax, what used to be a 17.6% tax rate now rises to 27.8%, meaning your real tax rate is actually 10.2% higher than what it seemed at first.
Summary
If you make RM 86,288 a year living in Malaysia, you will be taxed RM 15,151. That means that your net pay will be RM 71,137 per year, or RM 5,928 per month. Your average tax rate is 17.6% 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.
North America
Country
Net pay
Average tax
Rank
USA
MYR 73994
14.3%
1
Canada
MYR 64132
25.7%
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.