Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
RM 7,999
Employees' Provident Fund (EPF)
- RM 889
Social Security Organization (SOCSO) contribution
- RM 19.75
Employment Insurance System (EIS) contribution
- RM 7.90
Tax
- RM 594
Total tax
- RM 1,510
Net pay
* RM 6,489
Marginal tax rate
31.7%
Average tax rate
18.9%
81.1%
Net pay
18.9%
Total tax
Total tax
Net pay
Summary
If you make RM 95,988 a year living in Malaysia, you will be taxed RM 18,126. That means that your net pay will be RM 77,862 per year, or RM 6,489 per month. Your average tax rate is 18.9% and your marginal tax rate is 31.7%. 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 31.73, hence, your net pay will only increase by RM 68.27.
Bonus Example
A RM 1,000 bonus will generate an extra RM 683 of net incomes. A RM 5,000 bonus will generate an extra RM 3,414 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.