Income tax calculator Malaysia

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 7,440,000
Employees' Provident Fund (EPF)
- RM 818,450
Social Security Organization (SOCSO) contribution
- RM 237
Employment Insurance System (EIS) contribution
- RM 94.80
Tax
- RM 2,145,550
Total tax
- RM 2,964,332
Net pay
* RM 4,475,668
Marginal tax rate
41.0%
Average tax rate
39.8%
60.2%
Net pay
39.8%
Total tax
Total tax
Net pay
The Taxberg
RM 4,475,668
Net pay
RM 968,085
Tax the employer pays
RM 2,964,332
Tax you pay
Total tax paid
RM 3,932,417
Did you know your employer also pays tax on your salary? It costs the employer RM 968,085 to pay you RM 7,440,000. In other words, every time you spend RM 10 of your hard-earned money, RM 5.29 goes to the government.
Real tax rate
46.8%
So, with you and the employer both paying tax, what used to be a 39.8% tax rate now rises to 46.8%, meaning your real tax rate is actually 7% higher than what it seemed at first.
People also ask
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Summary
If you make RM 7,440,000 a year living in Malaysia, you will be taxed RM 2,964,332. That means that your net pay will be RM 4,475,668 per year, or RM 372,972 per month. Your average tax rate is 39.8% 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.
Tax per income
RM 1,905,000
RM 1,910,000
RM 1,915,000
RM 1,920,000
RM 1,925,000
RM 1,930,000
RM 1,935,000
RM 1,940,000
RM 1,945,000
RM 1,950,000
RM 1,955,000
RM 1,960,000
RM 1,965,000
RM 1,970,000
RM 1,975,000
RM 1,980,000
RM 1,985,000
RM 1,990,000
RM 1,995,000
RM 2,000,000
North America
Country 
Net pay
Average tax
Rank
USA
MYR 4120963
44.6%
1
Canada
MYR 3561016
52.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Kazakhstan
MYR 6665864
10.4%
1
Hong Kong
MYR 6189744
16.8%
2
Singapore
MYR 5841160
21.5%
3
Indonesia
MYR 5045908
32.2%
4
Thailand
MYR 4897094
34.2%
5
Pakistan
MYR 4855806
34.7%
6
Vietnam
MYR 4843271
34.9%
7
Philippines
MYR 4650180
37.5%
8
New Zealand
MYR 4585592
38.4%
9
Taiwan
MYR 4575675
38.5%
10
Malaysia
MYR 4475668
39.8%
11
China
MYR 4217886
43.3%
12
Japan
MYR 4126733
44.5%
13
Australia
MYR 4028358
45.9%
14
South Korea
MYR 4014874
46.0%
15
India
MYR 1823023
75.5%
16
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Africa
Country 
Net pay
Average tax
Rank
Angola
MYR 5413367
27.2%
1
Kenya
MYR 5210243
30.0%
2
Ivory Coast
MYR 5071222
31.8%
3
Nigeria
MYR 5061238
32.0%
4
Ghana
MYR 4925976
33.8%
5
Mozambique
MYR 4845791
34.9%
6
Zambia
MYR 4576893
38.5%
7
Cameroon
MYR 4535300
39.0%
8
Morocco
MYR 4518554
39.3%
9
Senegal
MYR 4469064
39.9%
10
South Africa
MYR 4136047
44.4%
11
Uganda
MYR 4107817
44.8%
12
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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.