Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 1,035,000
Employees' Provident Fund (EPF)
- RM 113,859
Social Security Organization (SOCSO) contribution
- RM 9.88
Employment Insurance System (EIS) contribution
- RM 3.95
Tax
- RM 306,898
Total tax
- RM 420,771
Net pay
* RM 614,229
Marginal tax rate
41.0%
Average tax rate
40.7%
59.3%
Net pay
40.7%
Total tax
Total tax
Net pay
The Taxberg
RM 614,229
Net pay
RM 134,580
Tax the employer pays
RM 420,771
Tax you pay
Total tax paid
RM 555,351
Did you know your employer also pays tax on your salary? It costs the employer RM 134,580 to pay you RM 1,035,000. In other words, every time you spend RM 10 of your hard-earned money, RM 5.37 goes to the government.
Real tax rate
47.5%
So, with you and the employer both paying tax, what used to be a 40.7% tax rate now rises to 47.5%, meaning your real tax rate is actually 6.8% higher than what it seemed at first.
People also ask
RM 24,840,000 yearly is how much per hour?
RM 10,615 hourly is how much per year?
What is the average salary in Malaysia?
Summary
If you make RM 24,840,000 a year living in Malaysia, you will be taxed RM 10,098,506. That means that your net pay will be RM 14,741,494 per year, or RM 1,228,458 per month. Your average tax rate is 40.7% 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 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
RM 1,085,000
RM 1,090,000
RM 1,095,000
RM 1,100,000
RM 1,105,000
RM 1,110,000
RM 1,115,000
RM 1,120,000
RM 1,125,000
RM 1,130,000
North America
Country 
Net pay
Average tax
Rank
USA
MYR 13395163
46.1%
1
Canada
MYR 11646865
53.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Kazakhstan
MYR 22325864
10.1%
1
Hong Kong
MYR 20631744
16.9%
2
Singapore
MYR 19413160
21.9%
3
Indonesia
MYR 16808307
32.3%
4
Thailand
MYR 16207094
34.8%
5
Pakistan
MYR 16165806
34.9%
6
Vietnam
MYR 16153271
35.0%
7
Philippines
MYR 15452679
37.8%
8
New Zealand
MYR 15199592
38.8%
9
Taiwan
MYR 15015675
39.6%
10
Malaysia
MYR 14741494
40.7%
11
China
MYR 13787886
44.5%
12
Japan
MYR 13504086
45.6%
13
Australia
MYR 13250358
46.7%
14
South Korea
MYR 13085266
47.3%
15
India
MYR 3825244
84.6%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
MYR 21988851
11.5%
1
Brazil
MYR 18011487
27.5%
2
Costa Rica
MYR 16724050
32.7%
3
Panama
MYR 16610165
33.1%
4
Mexico
MYR 16167366
34.9%
5
Argentina
MYR 16145969
35.0%
6
Puerto Rico
MYR 16084258
35.3%
7
Colombia
MYR 15256272
38.6%
8
Peru
MYR 15249414
38.6%
9
Uruguay
MYR 15207735
38.8%
10
Chile
MYR 15012074
39.6%
11
Ecuador
MYR 14230787
42.7%
12
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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.