Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Employees' Provident Fund (EPF)
Social Security Organization (SOCSO) contribution
Employment Insurance System (EIS) contribution
Summary
If you make RM 642,002 a year living in Malaysia, you will be taxed RM 211,943. That means that your net pay will be RM 430,059 per year, or RM 35,838 per month. Your average tax rate is 33.0% 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.
RM 645,000
RM 650,000
RM 655,000
RM 660,000
RM 665,000
RM 670,000
RM 675,000
RM 680,000
RM 685,000
RM 690,000
RM 695,000
RM 700,000
RM 705,000
RM 710,000
RM 715,000
RM 720,000
RM 725,000
RM 730,000
RM 735,000
RM 740,000
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.