Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 6,750,923
Employees' Provident Fund (EPF)
- RM 742,645
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 1,938,827
Total tax
- RM 2,681,804
Net pay
* RM 4,069,119
Marginal tax rate
41.0%
Average tax rate
39.7%
60.3%
Net pay
39.7%
Total tax
Total tax
Net pay
Summary
If you make RM 6,750,923 a year living in Malaysia, you will be taxed RM 2,681,804. That means that your net pay will be RM 4,069,119 per year, or RM 339,093 per month. Your average tax rate is 39.7% and your marginal tax rate is 41.0%. 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 41, hence, your net pay will only increase by RM 59.
Bonus Example
A RM 1,000 bonus will generate an extra RM 590 of net incomes. A RM 5,000 bonus will generate an extra RM 2,950 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.