Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 980,000
Employees' Provident Fund (EPF)
- RM 107,808
Social Security Organization (SOCSO) contribution
- RM 19.75
Employment Insurance System (EIS) contribution
- RM 7.90
Tax
- RM 286,796
Total tax
- RM 394,631
Net pay
* RM 585,369
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 585,369
Net pay
RM 127,470
Tax the employer pays
RM 394,631
Tax you pay
Total tax paid
RM 522,101
Did you know your employer also pays tax on your salary? It costs the employer RM 127,470 to pay you RM 980,000. In other words, every time you spend RM 10 of your hard-earned money, RM 5.33 goes to the government.
Real tax rate
47.1%
So, with you and the employer both paying tax, what used to be a 40.3% tax rate now rises to 47.1%, meaning your real tax rate is actually 6.8% higher than what it seemed at first.
People also ask
RM 11,760,000 yearly is how much per hour?
RM 5,026 hourly is how much per year?
What is the average salary in Malaysia?
Summary
If you make RM 11,760,000 a year living in Malaysia, you will be taxed RM 4,735,576. That means that your net pay will be RM 7,024,424 per year, or RM 585,369 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.
Compare average tax
Tax per income
RM 985,000
RM 990,000
RM 995,000
RM 1,000,000
RM 1,005,000
RM 1,010,000
RM 1,015,000
RM 1,020,000
RM 1,025,000
RM 1,030,000
RM 1,035,000
RM 1,040,000
RM 1,045,000
RM 1,050,000
RM 1,055,000
RM 1,060,000
RM 1,065,000
RM 1,070,000
RM 1,075,000
RM 1,080,000
Europe
Country 
Net pay
Average tax
Rank
Russia
MYR 10231200
13.0%
1
Hungary
MYR 9584400
18.5%
2
Ukraine
MYR 9466800
19.5%
3
Czech Republic
MYR 9050518
23.0%
4
Romania
MYR 6879600
41.5%
5
Poland
MYR 6780632
42.3%
6
Greece
MYR 6594710
43.9%
7
Switzerland
MYR 6343174
46.1%
8
Norway
MYR 6248375
46.9%
9
Luxembourg
MYR 6220903
47.1%
10
United Kingdom
MYR 6184448
47.4%
11
Spain
MYR 6169932
47.5%
12
Denmark
MYR 6080827
48.3%
13
Netherlands
MYR 5979468
49.2%
14
Italy
MYR 5963767
49.3%
15
Austria
MYR 5924411
49.6%
16
Sweden
MYR 5923414
49.6%
17
Germany
MYR 5760912
51.0%
18
Ireland
MYR 5710446
51.4%
19
France
MYR 5042999
57.1%
20
Belgium
MYR 4419961
62.4%
21
Finland
MYR 4397884
62.6%
22
Portugal
MYR 4273209
63.7%
23
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North America
Country 
Net pay
Average tax
Rank
USA
MYR 6423523
45.4%
1
Canada
MYR 5568537
52.7%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Kazakhstan
MYR 10553864
10.3%
1
Hong Kong
MYR 9775344
16.9%
2
Singapore
MYR 9210760
21.7%
3
Indonesia
MYR 7966228
32.3%
4
Thailand
MYR 7705094
34.5%
5
Pakistan
MYR 7663806
34.8%
6
Vietnam
MYR 7651271
34.9%
7
Philippines
MYR 7332180
37.7%
8
New Zealand
MYR 7220792
38.6%
9
Taiwan
MYR 7167675
39.1%
10
Malaysia
MYR 7024424
40.3%
11
China
MYR 6593886
43.9%
12
Japan
MYR 6454903
45.1%
13
Australia
MYR 6317958
46.3%
14
South Korea
MYR 6266833
46.7%
15
India
MYR 2320126
80.3%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
MYR 10411992
11.5%
1
Brazil
MYR 8528487
27.5%
2
Costa Rica
MYR 7944100
32.5%
3
Panama
MYR 7879265
33.0%
4
Mexico
MYR 7665366
34.8%
5
Argentina
MYR 7643969
35.0%
6
Puerto Rico
MYR 7628038
35.1%
7
Colombia
MYR 7277785
38.1%
8
Uruguay
MYR 7263466
38.2%
9
Peru
MYR 7237914
38.5%
10
Chile
MYR 7164074
39.1%
11
Ecuador
MYR 6769105
42.4%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
MYR 8556167
27.2%
1
Kenya
MYR 8234243
30.0%
2
Ivory Coast
MYR 8018866
31.8%
3
Nigeria
MYR 7999702
32.0%
4
Ghana
MYR 7783656
33.8%
5
Mozambique
MYR 7653791
34.9%
6
Zambia
MYR 7233693
38.5%
7
Cameroon
MYR 7165532
39.1%
8
Morocco
MYR 7136423
39.3%
9
Senegal
MYR 7061064
40.0%
10
South Africa
MYR 6512047
44.6%
11
Uganda
MYR 6483817
44.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
Kuwait
MYR 11713011
0.4%
1
Saudi Arabia
MYR 11696221
0.5%
2
Bahrain
MYR 11602849
1.3%
3
United Arab Emirates
MYR 11172000
5.0%
4
Qatar
MYR 11172000
5.0%
5
Oman
MYR 10819200
8.0%
6
Egypt
MYR 8821223
25.0%
7
Lebanon
MYR 8820838
25.0%
8
Turkey
MYR 6849990
41.8%
9
Israel
MYR 5988466
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.