Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 9,806
Employees' Provident Fund (EPF)
- RM 1,082
Social Security Organization (SOCSO) contribution
- RM 19.75
Employment Insurance System (EIS) contribution
- RM 7.90
Tax
- RM 988
Total tax
- RM 2,097
Net pay
* RM 7,709
Marginal tax rate
34.2%
Average tax rate
21.4%
78.6%
Net pay
21.4%
Total tax
Total tax
Net pay
Summary
If you make RM 117,672 a year living in Malaysia, you will be taxed RM 25,167. That means that your net pay will be RM 92,505 per year, or RM 7,709 per month. Your average tax rate is 21.4% and your marginal tax rate is 34.2%. 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 34.16, hence, your net pay will only increase by RM 65.84.
Bonus Example
A RM 1,000 bonus will generate an extra RM 658 of net incomes. A RM 5,000 bonus will generate an extra RM 3,292 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.