Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 232,960
Employees' Provident Fund (EPF)
- RM 25,666
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 39,491
Total tax
- RM 65,489
Net pay
*
RM 167,471
Marginal tax rate
34.4%
Average tax rate
28.1%
71.9%
Net pay
28.1%
Total tax
Total tax
Net pay
The Taxberg
RM 167,471
Net pay
RM 31,256
Tax the employer pays
RM 65,489
Tax you pay
Total tax paid
RM 96,745
Did you know your employer also pays tax on your salary? It costs the employer RM 31,256 to pay you RM 232,960. In other words, every time you spend RM 10 of your hard-earned money, RM 4.15 goes to the government.
Real tax rate
36.6%
So, with you and the employer both paying tax, what used to be a 28.1% tax rate now rises to 36.6%, meaning your real tax rate is actually 8.5% higher than what it seemed at first.
Summary
If you make RM 232,960 a year living in Malaysia, you will be taxed RM 65,489. That means that your net pay will be RM 167,471 per year, or RM 13,956 per month. Your average tax rate is 28.1% and your marginal tax rate is 34.4%. 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 34.42, hence, your net pay will only increase by RM 65.58.
Bonus Example
A RM 1,000 bonus will generate an extra RM 656 of net incomes. A RM 5,000 bonus will generate an extra RM 3,279 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.