Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 23,747
Employees' Provident Fund (EPF)
- RM 2,612
Social Security Organization (SOCSO) contribution
- RM 19.75
Employment Insurance System (EIS) contribution
- RM 7.90
Tax
- RM 4,340
Total tax
- RM 6,980
Net pay
*
RM 16,767
Marginal tax rate
35.5%
Average tax rate
29.4%
70.6%
Net pay
29.4%
Total tax
Total tax
Net pay
The Taxberg
RM 16,767
Net pay
RM 3,165
Tax the employer pays
RM 6,980
Tax you pay
Total tax paid
RM 10,145
Did you know your employer also pays tax on your salary? It costs the employer RM 3,165 to pay you RM 23,747. In other words, every time you spend RM 10 of your hard-earned money, RM 4.27 goes to the government.
Real tax rate
37.7%
So, with you and the employer both paying tax, what used to be a 29.4% tax rate now rises to 37.7%, meaning your real tax rate is actually 8.3% higher than what it seemed at first.
Summary
If you make RM 284,964 a year living in Malaysia, you will be taxed RM 83,762. That means that your net pay will be RM 201,202 per year, or RM 16,767 per month. Your average tax rate is 29.4% 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 35.48, hence, your net pay will only increase by RM 64.52.
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 3,226 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
MYR 217162
23.8%
1
Canada
MYR 201491
29.3%
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.