Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 94,995
Employees' Provident Fund (EPF)
- RM 10,559
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 6,919
Total tax
- RM 17,811
Net pay
* RM 77,184
Marginal tax rate
31.7%
Average tax rate
18.7%
81.3%
Net pay
18.7%
Total tax
Total tax
Net pay
Summary
If you make RM 94,995 a year living in Malaysia, you will be taxed RM 17,811. That means that your net pay will be RM 77,184 per year, or RM 6,432 per month. Your average tax rate is 18.8% and your marginal tax rate is 31.7%. 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 31.67, hence, your net pay will only increase by RM 68.33.
Bonus Example
A RM 1,000 bonus will generate an extra RM 683 of net incomes. A RM 5,000 bonus will generate an extra RM 3,417 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.