Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 115,267
Employees' Provident Fund (EPF)
- RM 12,680
Social Security Organization (SOCSO) contribution
- RM 19.75
Employment Insurance System (EIS) contribution
- RM 7.90
Tax
- RM 28,426
Total tax
- RM 41,133
Net pay
*
RM 74,134
Marginal tax rate
39.0%
Average tax rate
35.7%
64.3%
Net pay
35.7%
Total tax
Total tax
Net pay
The Taxberg
RM 74,134
Net pay
RM 15,062
Tax the employer pays
RM 41,133
Tax you pay
Total tax paid
RM 56,195
Did you know your employer also pays tax on your salary? It costs the employer RM 15,062 to pay you RM 115,267. In other words, every time you spend RM 10 of your hard-earned money, RM 4.88 goes to the government.
Real tax rate
43.1%
So, with you and the employer both paying tax, what used to be a 35.7% tax rate now rises to 43.1%, meaning your real tax rate is actually 7.4% higher than what it seemed at first.
Summary
If you make RM 1,383,204 a year living in Malaysia, you will be taxed RM 493,595. That means that your net pay will be RM 889,609 per year, or RM 74,134 per month. Your average tax rate is 35.7% and your marginal tax rate is 39.0%. 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 39.01, hence, your net pay will only increase by RM 60.99.
Bonus Example
A RM 1,000 bonus will generate an extra RM 610 of net incomes. A RM 5,000 bonus will generate an extra RM 3,050 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.