Malaysia Salary Calculator
Easily estimate take home pay after income tax so you can have an idea of what to possibly expect when planning your budget
Results
Income Before Tax
Take Home Pay
Total Tax
Average Tax Rate
RM = Malaysia Ringgit
Income Before Tax
Income Tax
Employees’ Provident Fund (EPF)
Social Security Organisation (SOCSO)
Employment Insurance System (EIS)
Low Income Rebate
Total Tax
Take Home Pay
Total Deductions
Average Tax Rate
Table of Contents
Summary
Enter your employment income into the salary calculator above to estimate how taxes in Malaysia may affect your finances. You'll then get your estimated take home pay, an estimated breakdown of your potential tax liability, and a quick summary down here so you can have a better idea of what to possibly expect when planning your budget.
This salary calculator also works as an income tax calculator for Malaysia, as it shows you how much income tax you have to pay based on your salary and personal details.
To learn more about Malaysia, its income tax, and tax brackets, so that you can get a deeper understanding of how your budget and finances may be affected, scroll down to the detail section below!
Quick Facts about Malaysia
- Main Language(s):Malay
- Currency:Malaysia Ringgit (RM)
- Capital:Kuala Lumpur
- Total Population:32,730,000
- Most Populous City:Kuala Lumpur
- Time Zone(s):UTC+8
- International Phone Code:+60
- Driving Side:Left
- Climate:Tropical, hot, humid, rainy
Frequently Asked Questions
What is the income tax rate in Malaysia?
The personal income tax rate in Malaysia is progressive and ranges from 0% to 30% depending on your income for residents while non-residents are taxed at a flat rate of around 30%. This income tax calculator can help estimate your average income tax rate and your take home pay.
How many income tax brackets are there in Malaysia?
The income tax system in Malaysia has twelve different tax brackets for residents. For more details, check out our detail section.
Malaysia Income Tax Brackets and Other Information
For resident taxpayers, the personal income tax system in Malaysia is a progressive tax system. This means that your income is split into multiple brackets where lower brackets are taxed at lower rates and higher brackets are taxed at higher rates. Tax rates range from 0% to 30%.
For 2022 tax year
| Taxable Income (MYR) | Tax Rate |
|---|---|
| First 5,000 | 0% |
| From 5,000 to 20,000 | 1% |
| From 20,000 to 35,000 | 3% |
| From 35,000 to 50,000 | 8% |
| From 50,000 to 70,000 | 13% |
| From 70,000 to 100,000 | 21% |
| From 100,000 to 250,000 | 24% |
| From 250,000 to 400,000 | 24.5% |
| From 400,000 to 600,000 | 25% |
| From 600,000 to 1,000,000 | 26% |
| From 1,000,000 to 2,000,000 | 28% |
| From 2,000,000 onwards | 30% |
For residents, standard deductions exist to help lower your taxable income with some of the most common ones being the personal relief and the lifestyle relief. As far as tax credits go (which help directly lower the tax itself), there is an easily accessible one for those earning under RM 35,000 a year. Additionally, many other deductions and credits may be available depending on your situation.
Non-residents are taxed at a flat rate of 30% (the highest tax bracket) and are generally ineligible for most deductions or credits.
Social Security in Malaysia
Social security in Malaysia consists of the Employees' Provident Fund (EPF), the Social Security Organization (SOSCO), and the Employment Insurance System (EIS). Participation with all three are mandatory for malaysian citizens and permanent residents with contributions made by both employees and employers.
For the Employees' Provident Fund (EPF), employee contribution rates range from 0% to 11% and vary depending on age and whether you are a malaysian citizen or a permanent resident. For example, malaysian citizens age 60 and over do not have to contribute.
Employee contribution rates to the Social Security Organization (SOSCO), on the other hand, only vary based on age with those under 60 contributing 0.5% while incorporating a maximum cap on the applicable income.
For the Employment Insurance System (EIS), employee contribution rates are similarly setup with those under age 60 contributing 0.2% while also incorporating a maximum cap on the applicable income.
Both EPF and SOSCO contributions are tax deductible up to a certain limit.
Resident status and income tax in Malaysia
Both resident and non-resident taxpayers are taxed only on income accrued in or derived from within Malaysia.
For the most part, individuals who stay in Malaysia for at least 182 days or more in a calendar year are considered residents for tax purposes.
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Disclaimer
- Last reviewed on January 29, 2023.
- The content shown on this page is strictly for educational purposes only. It does not represent advice nor is it a substitute for a professional advisor.
- Estimated results are just estimates. They are not a guarantee of future results.
- Tax situations vary widely and calculations can get very complex. This salary calculator only provides a rough estimate according to the most common scenarios for standard employment income that comes from an employer. If you are self-employed, your taxes might differ.
- There may be additional deductions, credits, exemptions, allowances, reliefs, etc depending on many factors. Some factors are about your family such as the number of dependents, children, relatives, parents, etc. Other factors may include mortgage payments, property depreciation, charitible donations, additional voluntary retirement contributions, etc. Whether or not you are handicapped and/or disabled may also sometimes be an additional factor.
- Depending on region and jurisdiction, salary bonuses may be treated and taxed differently from standard salary.
- Calculators from other sites may show slightly different numbers due to different deductions/credits being included or they are based on data from a different year.
- Generally, we review changes once a year since tax codes usually change once a year. If you notice a major miscalculation or error with our salary calculator (most likely caused by a typo somewhere), feel free to direct message us on twitter and let us know. However, if you have specific questions about your own personal situation, please consult a licensed tax professional.
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