Income tax calculator Malaysia
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 264,163
Employees' Provident Fund (EPF)
- RM 29,059
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 47,004
Total tax
- RM 76,395
Net pay
*
RM 187,768
Marginal tax rate
35.2%
Average tax rate
28.9%
71.1%
Net pay
28.9%
Total tax
Total tax
Net pay
The Taxberg
RM 187,768
Net pay
RM 35,267
Tax the employer pays
RM 76,395
Tax you pay
Total tax paid
RM 111,662
Did you know your employer also pays tax on your salary? It costs the employer RM 35,267 to pay you RM 264,163. In other words, every time you spend RM 10 of your hard-earned money, RM 4.23 goes to the government.
Real tax rate
37.3%
So, with you and the employer both paying tax, what used to be a 28.9% tax rate now rises to 37.3%, meaning your real tax rate is actually 8.4% higher than what it seemed at first.
Summary
If you make RM 264,163 a year living in Malaysia, you will be taxed RM 76,395. That means that your net pay will be RM 187,768 per year, or RM 15,647 per month. Your average tax rate is 28.9% and your marginal tax rate is 35.2%. 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 35.16, hence, your net pay will only increase by RM 64.84.
Bonus Example
A RM 1,000 bonus will generate an extra RM 648 of net incomes. A RM 5,000 bonus will generate an extra RM 3,242 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.