Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 15,000
Employees' Provident Fund (EPF)
- RM 1,650
Social Security Organization (SOCSO) contribution
- RM 4.56
Employment Insurance System (EIS) contribution
- RM 1.82
Tax
- RM 3,401
Total tax
- RM 5,058
Net pay
*
RM 9,942
Marginal tax rate
37.0%
Average tax rate
33.7%
66.3%
Net pay
33.7%
Total tax
Total tax
Net pay
The Taxberg
RM 9,942
Net pay
RM 1,968
Tax the employer pays
RM 5,058
Tax you pay
Total tax paid
RM 7,026
Did you know your employer also pays tax on your salary? It costs the employer RM 1,968 to pay you RM 15,000. In other words, every time you spend RM 10 of your hard-earned money, RM 4.68 goes to the government.
Real tax rate
41.4%
So, with you and the employer both paying tax, what used to be a 33.7% tax rate now rises to 41.4%, meaning your real tax rate is actually 7.7% higher than what it seemed at first.
Summary
If you make RM 780,000 a year living in Malaysia, you will be taxed RM 263,006. That means that your net pay will be RM 516,994 per year, or RM 43,083 per month. Your average tax rate is 33.7% and your marginal tax rate is 37.0%. 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 37, hence, your net pay will only increase by RM 63.
Bonus Example
A RM 1,000 bonus will generate an extra RM 630 of net incomes. A RM 5,000 bonus will generate an extra RM 3,150 of net incomes.
North America
Country
Net pay
Average tax
Rank
USA
MYR 531615
31.8%
1
Canada
MYR 464301
40.5%
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.