Summary
If you make RM 21,719,976 a year living in Malaysia, you will be taxed RM 8,819,265. That means that your net pay will be RM 12,900,711 per year, or RM 1,075,059 per month. Your average tax rate is 40.6% 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.