Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 486
Employees' Provident Fund (EPF)
- RM 53.47
Social Security Organization (SOCSO) contribution
- RM 0.91
Employment Insurance System (EIS) contribution
- RM 0.36
Tax
- RM 53.49
Total tax
- RM 108
Net pay
* RM 378
Marginal tax rate
35.5%
Average tax rate
22.3%
77.7%
Net pay
22.3%
Total tax
Total tax
Net pay
Summary
If you make RM 126,360 a year living in Malaysia, you will be taxed RM 28,140. That means that your net pay will be RM 98,220 per year, or RM 8,185 per month. Your average tax rate is 22.3% and your marginal tax rate is 35.6%. 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 35.55, hence, your net pay will only increase by RM 64.45.
Bonus Example
A RM 1,000 bonus will generate an extra RM 645 of net incomes. A RM 5,000 bonus will generate an extra RM 3,223 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.