Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 145
Employees' Provident Fund (EPF)
- RM 15.95
Social Security Organization (SOCSO) contribution
- RM 0.10
Employment Insurance System (EIS) contribution
- RM 0.04
Tax
- RM 27.95
Total tax
- RM 44.04
Net pay
*
RM 101
Marginal tax rate
35.5%
Average tax rate
30.4%
69.6%
Net pay
30.4%
Total tax
Total tax
Net pay
The Taxberg
RM 101
Net pay
RM 19.25
Tax the employer pays
RM 44.04
Tax you pay
Total tax paid
RM 63.29
Did you know your employer also pays tax on your salary? It costs the employer RM 19.25 to pay you RM 145. In other words, every time you spend RM 10 of your hard-earned money, RM 4.36 goes to the government.
Real tax rate
38.5%
So, with you and the employer both paying tax, what used to be a 30.4% tax rate now rises to 38.5%, meaning your real tax rate is actually 8.1% higher than what it seemed at first.
Summary
If you make RM 339,300 a year living in Malaysia, you will be taxed RM 103,057. That means that your net pay will be RM 236,243 per year, or RM 19,687 per month. Your average tax rate is 30.4% and your marginal tax rate is 35.5%. 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 35.50, hence, your net pay will only increase by RM 64.50.
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 3,225 of net incomes.
North America
Country
Net pay
Average tax
Rank
USA
MYR 251931
25.8%
1
Canada
MYR 234719
30.8%
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.