Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 21,060
Employees' Provident Fund (EPF)
- RM 2,343
Social Security Organization (SOCSO) contribution
- RM 105
Employment Insurance System (EIS) contribution
- RM 41.98
Total tax
- RM 2,490
Net pay
* RM 18,570
Marginal tax rate
12.0%
Average tax rate
11.8%
88.2%
Net pay
11.8%
Total tax
Total tax
Net pay
Summary
If you make RM 21,060 a year living in Malaysia, you will be taxed RM 2,490. That means that your net pay will be RM 18,570 per year, or RM 1,547 per month. Your average tax rate is 11.8% and your marginal tax rate is 12.0%. 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 12.04, hence, your net pay will only increase by RM 87.96.
Bonus Example
A RM 1,000 bonus will generate an extra RM 880 of net incomes. A RM 5,000 bonus will generate an extra RM 4,398 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.