Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 3,692
Employees' Provident Fund (EPF)
- RM 409
Social Security Organization (SOCSO) contribution
- RM 9.88
Employment Insurance System (EIS) contribution
- RM 3.95
Tax
- RM 238
Total tax
- RM 661
Net pay
* RM 3,031
Marginal tax rate
30.6%
Average tax rate
17.9%
82.1%
Net pay
17.9%
Total tax
Total tax
Net pay
Summary
If you make RM 88,608 a year living in Malaysia, you will be taxed RM 15,859. That means that your net pay will be RM 72,749 per year, or RM 6,062 per month. Your average tax rate is 17.9% and your marginal tax rate is 30.6%. 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 30.56, hence, your net pay will only increase by RM 69.44.
Bonus Example
A RM 1,000 bonus will generate an extra RM 694 of net incomes. A RM 5,000 bonus will generate an extra RM 3,472 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.