Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 1,055,000
Employees' Provident Fund (EPF)
- RM 116,059
Social Security Organization (SOCSO) contribution
- RM 19.75
Employment Insurance System (EIS) contribution
- RM 7.90
Tax
- RM 309,296
Total tax
- RM 425,382
Net pay
* RM 629,618
Marginal tax rate
41.0%
Average tax rate
40.3%
59.7%
Net pay
40.3%
Total tax
Total tax
Net pay
The Taxberg
RM 629,618
Net pay
RM 137,219
Tax the employer pays
RM 425,382
Tax you pay
Total tax paid
RM 562,601
Did you know your employer also pays tax on your salary? It costs the employer RM 137,219 to pay you RM 1,055,000. In other words, every time you spend RM 10 of your hard-earned money, RM 5.33 goes to the government.
Real tax rate
47.2%
So, with you and the employer both paying tax, what used to be a 40.3% tax rate now rises to 47.2%, meaning your real tax rate is actually 6.9% higher than what it seemed at first.
People also ask
RM 12,660,000 yearly is how much per hour?
RM 5,410 hourly is how much per year?
What is the average salary in Malaysia?
Summary
If you make RM 12,660,000 a year living in Malaysia, you will be taxed RM 5,104,585. That means that your net pay will be RM 7,555,415 per year, or RM 629,618 per month. Your average tax rate is 40.3% 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.
Tax per income
RM 1,055,000
RM 1,060,000
RM 1,065,000
RM 1,070,000
RM 1,075,000
RM 1,080,000
RM 1,085,000
RM 1,090,000
RM 1,095,000
RM 1,100,000
RM 1,105,000
RM 1,110,000
RM 1,115,000
RM 1,120,000
RM 1,125,000
RM 1,130,000
RM 1,135,000
RM 1,140,000
RM 1,145,000
RM 1,150,000
North America
Country 
Net pay
Average tax
Rank
USA
MYR 6903223
45.5%
1
Canada
MYR 5986770
52.7%
2
Africa
Country 
Net pay
Average tax
Rank
Angola
MYR 9210917
27.2%
1
Kenya
MYR 8864243
30.0%
2
Ivory Coast
MYR 8632958
31.8%
3
Nigeria
MYR 8611882
32.0%
4
Ghana
MYR 8379006
33.8%
5
Mozambique
MYR 8238791
34.9%
6
Zambia
MYR 7787193
38.5%
7
Cameroon
MYR 7713497
39.1%
8
Morocco
MYR 7681812
39.3%
9
Senegal
MYR 7601064
40.0%
10
South Africa
MYR 7007047
44.7%
11
Uganda
MYR 6978817
44.9%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Kuwait
MYR 12613011
0.4%
1
Saudi Arabia
MYR 12596221
0.5%
2
Bahrain
MYR 12493849
1.3%
3
United Arab Emirates
MYR 12027000
5.0%
4
Qatar
MYR 12027000
5.0%
5
Oman
MYR 11647200
8.0%
6
Egypt
MYR 9496223
25.0%
7
Lebanon
MYR 9495838
25.0%
8
Turkey
MYR 7374159
41.8%
9
Israel
MYR 6438466
49.1%
10
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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.