Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 146,111
Employees' Provident Fund (EPF)
- RM 16,074
Social Security Organization (SOCSO) contribution
- RM 0.10
Employment Insurance System (EIS) contribution
- RM 0.04
Tax
- RM 43,796
Total tax
- RM 59,870
Net pay
*
RM 86,241
Marginal tax rate
41.0%
Average tax rate
41.0%
59.0%
Net pay
41.0%
Total tax
Total tax
Net pay
The Taxberg
RM 86,241
Net pay
RM 18,993
Tax the employer pays
RM 59,870
Tax you pay
Total tax paid
RM 78,864
Did you know your employer also pays tax on your salary? It costs the employer RM 18,993 to pay you RM 146,111. In other words, every time you spend RM 10 of your hard-earned money, RM 5.40 goes to the government.
Real tax rate
47.8%
So, with you and the employer both paying tax, what used to be a 41% tax rate now rises to 47.8%, meaning your real tax rate is actually 6.8% higher than what it seemed at first.
Summary
If you make RM 341,899,740 a year living in Malaysia, you will be taxed RM 140,096,170. That means that your net pay will be RM 201,803,570 per year, or RM 16,816,964 per month. Your average tax rate is 41.0% and your marginal tax rate is 41.0%. 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 41, hence, your net pay will only increase by RM 59.
Bonus Example
A RM 1,000 bonus will generate an extra RM 590 of net incomes. A RM 5,000 bonus will generate an extra RM 2,950 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
MYR 182388004
46.7%
1
Canada
MYR 158985795
53.5%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Kazakhstan
MYR 307679630
10.0%
1
Hong Kong
MYR 283791328
17.0%
2
Singapore
MYR 266719757
22.0%
3
Indonesia
MYR 231140689
32.4%
4
Thailand
MYR 222295925
35.0%
5
Pakistan
MYR 222254637
35.0%
6
Vietnam
MYR 222242105
35.0%
7
Philippines
MYR 212293927
37.9%
8
New Zealand
MYR 208606033
39.0%
9
Taiwan
MYR 205251519
40.0%
10
Malaysia
MYR 201803570
41.0%
11
China
MYR 188170743
45.0%
12
Japan
MYR 184376568
46.1%
13
Australia
MYR 181292020
47.0%
14
South Korea
MYR 178364349
47.8%
15
India
MYR 40309368
88.2%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
MYR 302612403
11.5%
1
Brazil
MYR 247879798
27.5%
2
Costa Rica
MYR 229550401
32.9%
3
Panama
MYR 228247542
33.2%
4
Mexico
MYR 222256197
35.0%
5
Argentina
MYR 222234800
35.0%
6
Puerto Rico
MYR 221063380
35.3%
7
Peru
MYR 209448505
38.7%
8
Colombia
MYR 208655112
39.0%
9
Uruguay
MYR 207777138
39.2%
10
Chile
MYR 205247918
40.0%
11
Ecuador
MYR 195102271
42.9%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
MYR 248732828
27.3%
1
Kenya
MYR 239332061
30.0%
2
Ivory Coast
MYR 233281464
31.8%
3
Nigeria
MYR 232560753
32.0%
4
Ghana
MYR 226171094
33.9%
5
Mozambique
MYR 222244622
35.0%
6
Zambia
MYR 210269633
38.5%
7
Cameroon
MYR 208171113
39.1%
8
Morocco
MYR 207197143
39.4%
9
Senegal
MYR 205144908
40.0%
10
South Africa
MYR 188088904
45.0%
11
Uganda
MYR 188060674
45.0%
12
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Middle East
Country
Net pay
Average tax
Rank
Kuwait
MYR 341852751
0.0%
1
Saudi Arabia
MYR 341835961
0.0%
2
Bahrain
MYR 338441192
1.0%
3
United Arab Emirates
MYR 324804753
5.0%
4
Qatar
MYR 324804753
5.0%
5
Oman
MYR 314547761
8.0%
6
Egypt
MYR 256426028
25.0%
7
Lebanon
MYR 256425643
25.0%
8
Turkey
MYR 199126676
41.8%
9
Israel
MYR 171058336
50.0%
10
Show more
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.